Patnaconsultant provides GST Registration in Sitamarhi, GST reward filing services, GST audit services, GST annual agreement services. GST is type of indirect tax, which is mandatory for whatever business entities. All selling or sustain providing entities in India have to gain registration in GST. We will come going on with the grant for you anything important recommendation in this article in brief.

GST Registration in Sitamarhi

GST registration means, registration of a matter 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 impinge on in selling, manufacturing, service providing, trading of goods etc processes they will have to gain 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 in force in inter welcome transfer, they will have to gain registration under GST.

Launched upon July 1 2017, the Goods & Services Tax (GST) applies to everything Indian assistance providers (including freelancers), traders and manufacturers. A variety of Central taxes afterward Service Tax, Excise Duty, CST and give access taxes behind Entertainment Tax, Luxury Tax, Octroi, VAT are absorbed in one tax – GST, implemented upon 01.07.2017. GST is to be charged at all step of the supply chain, with full set-off advance available. The procedure for GST is completely online and requires no calendar intervention.

Every product goes through multipart stages along the supply chain, which includes the purchasing of raw materials, manufacturing, sale to the wholesaler, selling to the retailer and next the resolved sale to the consumer. Interestingly, GST will be levied on everything of these 3 stages. Let’s say if a product is produced in West Bengal but is mammal consumed in Uttar Pradesh, the entire revenue will accumulate Uttar Pradesh.

Also, taxpayers bearing in mind a turnover of less than Rs.1.5 crore can choose composition scheme to gain rid of tedious GST formalities and pay GST at a complete 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 normal taxable person. This process of registration is called GST registration.

For certain businesses, registration below GST is mandatory. If the meting out carries on business without registering under GST, it will be an offence below GST and oppressive penalties will apply.

GST registration usually takes in the midst of 2-6 vigorous days. We’ll put up to you to register for GST in 3 simple steps.

*CBIC has notified the addition 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 Sitamarhi:

Trade gone one nation one tax rules.
Goods & Services under one crown.
Sale and Purchase subsequent to invoice /Bill in which tax is shown.
Use input tax credit on sales.
Avoid Tax evasion

Process of GST Registration:

Documents preparation
Filing upon GST portal
ARN issue
GSTIN number/Certificate issued by department

Can you gain online GST Registration in Sitamarhi?

GST is adequately based upon online process. Government of India has made GST registration to be finished online. So it is good for you & your business. No infatuation to visit our office to gain you GST registration. You can send us your whatever Documents when sign through mails or new online sources gone whats app. We will accomplish your work; you can pay our fees by online transaction.

Who is required to Get New GST Registration?

#1 Previous Law Converted Taxpayer – if any individual or companies are registered below the previous tax put it on like bolster tax or VAT or cst etc then they have required the New GST Registration.
#2 Turnover basis – if your situation sales or turnover cross more than 40 lakh rupees in a year subsequently its required the GST Registration. For some allow in like North-Eastern States, J&K, Himachal Pradesh, and Uttarakhand the limit is solitary 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 unshakable place of event then they can apply for the casual taxpayer under the GST Registration. It’s true 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 matter of NRI in India then 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 abet distributor subsequently it’s required to apply for the GST Registration to carry tackle the help of an input tax credit below GST Law.
#6 Reverse Charge Mechanism – Under GST Law there is term reverse dogfight mechanism for that reason 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 taking into account Flipkart or Amazon then yes you compulsion the GST Registration.
#8 E-Commerce Aggregator Portal – if you are thinking to start your own E-commerce thing then for ECommerce Business Registration you need GST Registration for the same.
#9 Outside India Online Portal – if you are software as a serve company and providing information & database entrance from outdoor India to Indian visitors subsequently it’s required to register below the GST.

Some important facts practically GST registration:-

Registration of any event entity below the GST Law implies obtaining a unique number from the concerned tax authorities for the aspire of collecting tax on behalf of the direction and to avail Input Tax Credit (ITC) for the taxes paid upon his inward supplies.
Without registration, a person can neither total tax from his customers nor affirmation any financial credit of tax paid by him.
Entities next turnover exceeds of Rs.40 lakhs (supply of goods in normal state), Rs.20 lakhs (supply of goods/services in normal 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 upon which the entity became held responsible for registration under GST law.
Note Specific welcome 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