Patnaconsultant provides GST Registration in Aurangabad, GST compensation filing services, GST audit services, GST annual consent services. GST is type of indirect tax, which is mandatory for everything business entities. All selling or minister to providing entities in India have to get registration in GST. We will have the funds for you anything important guidance in this article in brief.
GST Registration in Aurangabad
GST registration means, registration of a issue 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 assume 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 operational in inter let pass transfer, they will have to gain registration below GST.
Launched upon July 1 2017, the Goods & Services Tax (GST) applies to all Indian relieve providers (including freelancers), traders and manufacturers. A variety of Central taxes subsequent to Service Tax, Excise Duty, CST and state 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 all step of the supply chain, with full set-off bolster available. The procedure for GST is completely online and requires no calendar intervention.
Every product goes through fused stages along the supply chain, which includes the purchasing of raw materials, manufacturing, sale to the wholesaler, selling to the retailer and then the conclusive sale to the consumer. Interestingly, GST will be levied on all of these 3 stages. Let’s say if a product is produced in West Bengal but is monster consumed in Uttar Pradesh, the entire revenue will go to Uttar Pradesh.
Also, taxpayers later than 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 unadulterated 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 clear businesses, registration below GST is mandatory. If the executive carries upon business without registering below GST, it will be an offence below GST and unventilated penalties will apply.
GST registration usually takes together with 2-6 energetic days. We’ll support you to register for GST in 3 easy steps.
*CBIC has notified the layer 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 Aurangabad:
- Trade taking into consideration one nation one tax rules.
- Goods & Services under one crown.
- Sale and Purchase when invoice /Bill in which tax is shown.
- Use input tax credit upon 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 Aurangabad?
GST is fully based upon online process. Government of India has made GST registration to be curtains online. So it is good for you & your business. No dependence to visit our office to gain you GST registration. You can send us your anything Documents when sign through mails or new online sources following whats app. We will pull off 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 discharge duty like help tax or VAT or cst etc then they have required the New GST Registration.
#2 Turnover basis – if your matter sales or turnover cross over 40 lakh rupees in a year after that its required the GST Registration. For some declare like North-Eastern States, J&K, Himachal Pradesh, and Uttarakhand the limit is unaccompanied 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 business 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 situation 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 foster distributor later it’s required to apply for the GST Registration to carry direct the lead of an input tax credit under GST Law.
#6 Reverse Charge Mechanism – Under GST Law there is term reverse conflict mechanism correspondingly if you fall below that category later its required the GST registration.
#7 E-commerce Sellers – if you are an E-commerce Sellers of the leading aggregator portal when Flipkart or Amazon after that yes you habit the GST Registration.
#8 E-Commerce Aggregator Portal – if you are thinking to Begin your own E-commerce thing then for ECommerce Business Registration you obsession GST Registration for the same.
#9 Outside India Online Portal – if you are software as a foster company and providing information & database entrance from outside India to Indian visitors next it’s required to register below the GST.
Some important facts just about GST registration:-
- Registration of any business entity below the GST Law implies obtaining a unique number from the concerned tax authorities for the plan 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 cumulative tax from his customers nor allegation any balance 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 blamed for registration below GST law.
- Note Specific declare 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 pardon to call or Whatsapp at +91-8540099000 or drop us an email at info@meerad.in