Patnaconsultant provides GST Registration in Bettiah, GST return 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 facilitate providing entities in India have to get registration in GST. We will offer you anything important assistance in this article in brief.
GST Registration in Bettiah
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 touch 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 committed in inter give leave to enter transfer, they will have to get registration under GST.
Launched upon July 1 2017, the Goods & Services Tax (GST) applies to anything Indian minister to providers (including freelancers), traders and manufacturers. A variety of Central taxes with Service Tax, Excise Duty, CST and let pass taxes like 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 help available. The procedure for GST is certainly online and requires no calendar 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 then the complete 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 instinctive consumed in Uttar Pradesh, the entire revenue will mount up Uttar Pradesh.
Also, taxpayers afterward 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 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 normal taxable person. This process of registration is called GST registration.
For positive businesses, registration under GST is mandatory. If the supervision carries upon business without registering under GST, it will be an offence below GST and stifling penalties will apply.
GST registration usually takes together with 2-6 functional days. We’ll assist you to register for GST in 3 easy steps.
*CBIC has notified the bump 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 Bettiah:
- Trade afterward one nation one tax rules.
- Goods & Services below one crown.
- Sale and Purchase similar 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 Bettiah?
GST is sufficiently based on online process. Government of India has made GST registration to be the end online. So it is great for you & your business. No dependence to visit our office to gain you GST registration. You can send us your anything Documents in the same way as sign through mails or new online sources with whats app. We will reach 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 function 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 beyond 40 lakh rupees in a year after that its required the GST Registration. For some give leave to enter like North-Eastern States, J&K, Himachal Pradesh, and Uttarakhand the limit is on your own 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 issue 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 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 service distributor then it’s required to apply for the GST Registration to carry concentrate on the help of an input tax credit under GST Law.
#6 Reverse Charge Mechanism – Under GST Law there is term reverse case mechanism fittingly if you fall under that category after that its required the GST registration.
#7 E-commerce Sellers – if you are an E-commerce Sellers of the leading aggregator portal in the tune of Flipkart or Amazon after that 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 dependence GST Registration for the same.
#9 Outside India Online Portal – if you are software as a sustain company and providing information & database right of entry from uncovered India to Indian visitors then it’s required to register below the GST.
Some important facts not quite GST registration:-
- Registration of any business entity below the GST Law implies obtaining a unique number from the concerned tax authorities for the aspiration of collecting tax on 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 amassed tax from his customers nor allegation any description of tax paid by him.
- Entities afterward 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 answerable for registration below GST law.
- Note Specific allow in 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 Fall us an email at info@meerad.in