Patnaconsultant provides GST Registration in Sheohar, GST reward filing services, GST audit services, GST annual acceptance services. GST is type of indirect tax, which is mandatory for whatever business entities. All selling or encouragement providing entities in India have to gain registration in GST. We will meet the expense of you all important instruction in this article in brief.
GST Registration in Sheohar
GST registration means, registration of a concern entity as per provisions of Gst Act,2017. Gst Act,2017 has prescribed that whatever business entity like, private limited companies, partnership firms, individuals, proprietorship firmsetc which is imitate 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 involved in inter welcome transfer, they will have to get registration below GST.
Launched upon July 1 2017, the Goods & Services Tax (GST) applies to whatever Indian help providers (including freelancers), traders and manufacturers. A variety of Central taxes later Service Tax, Excise Duty, CST and make a clean breast taxes afterward Entertainment Tax, Luxury Tax, Octroi, VAT are absorbed in one tax – GST, implemented on 01.07.2017. GST is to be charged at every step of the supply chain, with full set-off encouragement available. The procedure for GST is utterly online and requires no encyclopedia intervention.
Every product goes through complex stages along the supply chain, which includes the purchasing of raw materials, manufacturing, sale to the wholesaler, selling to the retailer and after that the pure sale to the consumer. Interestingly, GST will be levied on all of these 3 stages. Let’s tell if a product is produced in West Bengal but is physical consumed in Uttar Pradesh, the entire revenue will be credited with Uttar Pradesh.
Also, taxpayers next 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 solution 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 sure businesses, registration under GST is mandatory. If the government carries on business without registering under GST, it will be an offence under GST and close penalties will apply.
GST registration usually takes in the middle of 2-6 operational days. We’ll back you to register for GST in 3 easy steps.
*CBIC has notified the growth 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 Sheohar:
- Trade similar to one nation one tax rules.
- Goods & Services below one crown.
- Sale and Purchase when 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 Sheohar?
GST is adequately based upon online process. Government of India has made GST registration to be over and done with online. So it is great for you & your business. No obsession to visit our office to get you GST registration. You can send us your everything Documents following sign through mails or additional online sources in the same way as whats app. We will get 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 below the previous tax sham like minister to tax or VAT or cst etc then they have required the New GST Registration.
#2 Turnover basis – if your thing sales or turnover cross on height of 40 lakh rupees in a year then its required the GST Registration. For some come clean like North-Eastern States, J&K, Himachal Pradesh, and Uttarakhand the limit is by yourself 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 remaining place of event then they can apply for the casual taxpayer below the GST Registration. It’s valid 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 thing 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 then it’s required to apply for the GST Registration to carry talk to the benefit of an input tax credit under GST Law.
#6 Reverse Charge Mechanism – Under GST Law there is term reverse warfare mechanism therefore if you fall under that category subsequently its required the GST registration.
#7 E-commerce Sellers – if you are an E-commerce Sellers of the leading aggregator portal as soon as Flipkart or Amazon later yes you dependence the GST Registration.
#8 E-Commerce Aggregator Portal – if you are thinking to start your own E-commerce concern then for ECommerce Business Registration you craving GST Registration for the same.
#9 Outside India Online Portal – if you are software as a assist company and providing information & database entry from uncovered India to Indian visitors next it’s required to register below the GST.
Some important facts about GST registration:-
- Registration of any thing entity under the GST Law implies obtaining a unique number from the concerned tax authorities for the ambition of collecting tax on behalf of the admin and to avail Input Tax Credit (ITC) for the taxes paid upon his inward supplies.
- Without registration, a person can neither mass tax from his customers nor affirmation any bill of tax paid by him.
- Entities taking into account 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 below GST.
- The eligible entities must file GST application within 30 days from the date on which the entity became liable for registration below GST law.
- Note Specific divulge 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 release to call or Whatsapp at +91-8540099000 or drop us an email at info@meerad.in