Patnaconsultant provides GST Registration in Araria, GST recompense 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 bolster providing entities in India have to get registration in GST. We will have enough money you whatever important counsel in this article in brief.
GST Registration in Araria
GST registration means, registration of a business entity as per provisions of Gst Act,2017. Gst Act,2017 has prescribed that everything business entity like, private limited companies, partnership firms, individuals, proprietorship firmsetc which is concern 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 keen in inter let pass transfer, they will have to gain registration under GST.
Launched on July 1 2017, the Goods & Services Tax (GST) applies to all Indian encouragement providers (including freelancers), traders and manufacturers. A variety of Central taxes considering Service Tax, Excise Duty, CST and acknowledge taxes bearing in mind Entertainment Tax, Luxury Tax, Octroi, VAT are absorbed in one tax – GST, implemented on 01.07.2017. GST is to be charged at all step of the supply chain, with full set-off help available. The procedure for GST is enormously online and requires no directory intervention.
Every product goes through multiple stages along the supply chain, which includes the purchasing of raw materials, manufacturing, sale to the wholesaler, selling to the retailer and next the fixed idea 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 instinctive consumed in Uttar Pradesh, the entire revenue will ensue Uttar Pradesh.
Also, taxpayers past 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 unchangeable 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 sure businesses, registration below GST is mandatory. If the doling out carries upon business without registering below GST, it will be an offence under GST and unventilated penalties will apply.
GST registration usually takes between 2-6 enthusiastic days. We’ll encourage you to register for GST in 3 simple steps.
*CBIC has notified the buildup 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 Araria:
- Trade once one nation one tax rules.
- Goods & Services below one crown.
- Sale and Purchase considering 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 get online GST Registration in Araria?
GST is sufficiently based upon online process. Government of India has made GST registration to be curtains online. So it is great for you & your business. No need to visit our office to get you GST registration. You can send us your anything Documents in imitation of sign through mails or supplementary online sources past whats app. We will complete 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 achievement like encourage tax or VAT or cst etc then they have required the New GST Registration.
#2 Turnover basis – if your concern sales or turnover cross greater than 40 lakh rupees in a year later its required the GST Registration. For some welcome like North-Eastern States, J&K, Himachal Pradesh, and Uttarakhand the limit is lonesome 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 steadfast place of matter then they can apply for the casual taxpayer below 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 concern 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 minister to distributor after that it’s required to apply for the GST Registration to carry speak to the help of an input tax credit below GST Law.
#6 Reverse Charge Mechanism – Under GST Law there is term reverse combat mechanism appropriately if you fall under that category next its required the GST registration.
#7 E-commerce Sellers – if you are an E-commerce Sellers of the leading aggregator portal with Flipkart or Amazon next yes you infatuation the GST Registration.
#8 E-Commerce Aggregator Portal – if you are thinking to start your own E-commerce situation then for ECommerce Business Registration you dependence GST Registration for the same.
#9 Outside India Online Portal – if you are software as a give support to company and providing information & database permission from outside India to Indian visitors next it’s required to register under the GST.
Some important facts roughly GST registration:-
- Registration of any event entity under the GST Law implies obtaining a unique number from the concerned tax authorities for the endeavor of collecting tax upon behalf of the management and to avail Input Tax Credit (ITC) for the taxes paid on his inward supplies.
- Without registration, a person can neither mass tax from his customers nor allegation any story of tax paid by him.
- Entities similar to turnover exceeds of Rs.40 lakhs (supply of goods in usual 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 held responsible 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 liberty to call or Whatsapp at +91-8540099000 or drop us an email at info@meerad.in