In the context of Goods and Services Tax (GST), "terms and conditions" typically refer to the rules, regulations, and agreements that govern the transactions between parties, including businesses and consumers, within the GST framework. These terms and conditions may cover various aspects related to GST compliance, invoicing, payments, returns, and other relevant matters. Here are some key elements that might be included in the terms and conditions related to GST:

  1. GST Registration: Clarification on whether the business is registered under GST and its registration details.

  2. Invoicing Requirements: Guidelines on issuing tax invoices, including the mandatory information to be included on invoices as per GST regulations.

  3. Tax Rates and Compliance: Details about the applicable GST rates for the goods or services provided by the business and instructions on calculating and collecting GST.

  4. Input Tax Credit (ITC): Explanation of the conditions under which the business is eligible to claim input tax credit on GST paid for inputs, capital goods, and services used in its business activities.

  5. Payment Terms: Terms related to the payment of GST to the government, including deadlines for filing GST returns and making tax payments.

  6. Compliance Obligations: Responsibilities of the business to comply with GST laws and regulations, including maintaining proper records, filing accurate returns, and undergoing audits when required.

  7. Penalties and Consequences: Consequences for non-compliance with GST laws, such as penalties, interest charges, and legal actions.

  8. Dispute Resolution: Procedures for resolving disputes related to GST matters, including avenues for appeals and dispute resolution mechanisms provided by the tax authorities.

  9. Amendment of Terms: Provision for updating or modifying the terms and conditions as necessary due to changes in GST laws or business operations.

  10. Governing Law: Specification of the jurisdiction and applicable laws governing the interpretation and enforcement of the terms and conditions related to GST.

Bank Detail

UJJAWAL BHARAT FINTECH PRIVATE LIMITED

Account Number : 351105002002

Account Holder's name : Ujjawal Bharat Fintech Private Limited

Ifsc Code : ICIC0003511