Patnaconsultant provides GST Registration in Katihar, GST return filing services, GST audit services, GST annual submission services. GST is type of indirect tax, which is mandatory for all business entities. All selling or assist providing entities in India have to get registration in GST. We will come happening with the maintenance for you everything important opinion in this article in brief.
GST Registration in Katihar
GST registration means, registration of a concern entity as per provisions of Gst Act,2017. Gst Act,2017 has prescribed that all business entity like, private limited companies, partnership firms, individuals, proprietorship firmsetc which is shape in selling, manufacturing, service providing, trading of goods etc processes they will have to get registration in Gst. When a entity exceeds the limit of 40 lakhs (in some states it is 10 lakhs) turnover in a year or if they full of life in inter make a clean breast transfer, they will have to get registration under GST.
Launched upon July 1 2017, the Goods & Services Tax (GST) applies to whatever Indian give support to providers (including freelancers), traders and manufacturers. A variety of Central taxes as soon as Service Tax, Excise Duty, CST and let pass taxes with Entertainment Tax, Luxury Tax, Octroi, VAT are absorbed in one tax – GST, implemented upon 01.07.2017. GST is to be charged at every step of the supply chain, with full set-off support available. The procedure for GST is completely online and requires no directory intervention.
Every product goes through merged stages along the supply chain, which includes the purchasing of raw materials, manufacturing, sale to the wholesaler, selling to the retailer and next the unlimited sale to the consumer. Interestingly, GST will be levied on whatever of these 3 stages. Let’s tell if a product is produced in West Bengal but is mammal consumed in Uttar Pradesh, the entire revenue will build up Uttar Pradesh.
Also, taxpayers behind a turnover of less than Rs.1.5 crore can choose composition scheme to get rid of tedious GST formalities and pay GST at a final rate of turnover.
In the GST Regime, businesses whose turnover exceeds Rs. 40 lakhs* (Rs 10 lakhs for NE and hill states) is required to register as a usual taxable person. This process of registration is called GST registration.
For distinct businesses, registration below GST is mandatory. If the organization carries upon business without registering under GST, it will be an offence under GST and muggy penalties will apply.
GST registration usually takes between 2-6 practicing days. We’ll help you to register for GST in 3 simple steps.
*CBIC has notified the deposit in threshold turnover from Rs 20 lakhs to Rs 40 lakhs. The notification will come into effect from 1st April 2019.
Advantage of GST Registration in Katihar:
- Trade once one nation one tax rules.
- Goods & Services under one crown.
- Sale and Purchase following invoice /Bill in which tax is shown.
- Use input tax credit on sales.
- Avoid Tax evasion
Process of GST Registration:
- Documents preparation
- Filing on GST portal
- ARN issue
- GSTIN number/Certificate issued by department
Can you gain online GST Registration in Katihar?
GST is abundantly based on online process. Government of India has made GST registration to be curtains online. So it is good for you & your business. No need to visit our office to gain you GST registration. You can send us your anything Documents once sign through mails or additional online sources when whats app. We will realize your work; you can pay our fees by online transaction.
Who is required to acquire New GST Registration?
#1 Previous Law Converted Taxpayer – if any individual or companies are registered under the previous tax perform like bolster tax or VAT or cst etc then they have required the New GST Registration.
#2 Turnover basis – if your matter sales or turnover cross exceeding 40 lakh rupees in a year subsequently its required the GST Registration. For some confess like North-Eastern States, J&K, Himachal Pradesh, and Uttarakhand the limit is isolated 10 lakh rupees in a year.
#3 Event or Exhibition – In the GST Act its called the casual taxpayer. If they don’t have any enduring place of concern then they can apply for the casual taxpayer under the GST Registration. It’s genuine for a maximum of 90 days (3 months).
#4 Non-Resident Indian (NRI) – if you are a non-resident person of India or handling the event of NRI in India later it’s required to apply for the GST Registration Online.
#5 The agent of Suppliers or Input tax Distributor – if you are an input tax encourage distributor subsequently it’s required to apply for the GST Registration to carry concentrate on the pro of an input tax credit below GST Law.
#6 Reverse Charge Mechanism – Under GST Law there is term reverse war mechanism suitably if you fall below that category next its required the GST registration.
#7 E-commerce Sellers – if you are an E-commerce Sellers of the leading aggregator portal afterward Flipkart or Amazon next yes you compulsion the GST Registration.
#8 E-Commerce Aggregator Portal – if you are thinking to Begin your own E-commerce business then for ECommerce Business Registration you infatuation GST Registration for the same.
#9 Outside India Online Portal – if you are software as a utility company and providing information & database entry from external India to Indian visitors later it’s required to register under the GST.
Some important facts roughly GST registration:-
- Registration of any event entity below the GST Law implies obtaining a unique number from the concerned tax authorities for the object of collecting tax upon behalf of the executive and to avail Input Tax Credit (ITC) for the taxes paid on his inward supplies.
- Without registration, a person can neither whole tax from his customers nor claim any tab of tax paid by him.
- Entities with turnover exceeds of Rs.40 lakhs (supply of goods in normal state), Rs.20 lakhs (supply of goods/services in usual state), Rs.20 lakhs (supply of goods in specific state) or Rs. 10 Lakhs (Supply of goods/services specific state) and above would be required to register under GST.
- The eligible entities must file GST application within 30 days from the date upon which the entity became blamed for registration under GST law.
- Note Specific give leave to enter for GST registration is, (Puducherry, Meghalaya, Mizoram, Tripura, Manipur, Sikkim, Nagaland, Arunachal Pradesh, and Uttarakhand.)
For Company Registration, NGO registration, ISO certification, FSSAI license, GST registration, Trademark Registration, Website Development or registration of your businesses, please feel freedom to call or Whatsapp at +91-8540099000 or Fall us an email at info@meerad.in