Patnaconsultant provides GST Registration in Kishanganj, GST return filing services, GST audit services, GST annual submission services. GST is type of indirect tax, which is mandatory for whatever business entities. All selling or relieve providing entities in India have to gain registration in GST. We will offer you everything important suggestion in this article in brief.
GST Registration in Kishanganj
GST registration means, registration of a business 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 have emotional impact 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 operating in inter confess transfer, they will have to get registration below GST.
Launched upon July 1 2017, the Goods & Services Tax (GST) applies to all Indian promote providers (including freelancers), traders and manufacturers. A variety of Central taxes subsequently Service Tax, Excise Duty, CST and own up taxes once 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 encouragement available. The procedure for GST is completely online and requires no manual intervention.
Every product goes through merged stages along the supply chain, which includes the purchasing of raw materials, manufacturing, sale to the wholesaler, selling to the retailer and next the total 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 creature consumed in Uttar Pradesh, the entire revenue will go to Uttar Pradesh.
Also, taxpayers past 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 definite 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 positive businesses, registration below GST is mandatory. If the government carries upon business without registering below GST, it will be an offence under GST and unventilated penalties will apply.
GST registration usually takes amongst 2-6 energetic days. We’ll back you to register for GST in 3 easy steps.
*CBIC has notified the accumulation 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 Kishanganj:
- Trade behind one nation one tax rules.
- Goods & Services under one crown.
- Sale and Purchase once 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 get online GST Registration in Kishanganj?
GST is thoroughly based upon online process. Government of India has made GST registration to be finished online. So it is good for you & your business. No dependence to visit our office to get you GST registration. You can send us your whatever Documents subsequent to sign through mails or further online sources with whats app. We will do 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 exploit like minister to tax or VAT or cst etc then they have required the New GST Registration.
#2 Turnover basis – if your business sales or turnover cross over 40 lakh rupees in a year next its required the GST Registration. For some welcome like North-Eastern States, J&K, Himachal Pradesh, and Uttarakhand the limit is only 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 long-lasting place of concern then they can apply for the casual taxpayer under the GST Registration. It’s legitimate 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 after that 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 after that it’s required to apply for the GST Registration to carry lecture to the lead of an input tax credit below GST Law.
#6 Reverse Charge Mechanism – Under GST Law there is term reverse battle mechanism as a result if you fall below that category then its required the GST registration.
#7 E-commerce Sellers – if you are an E-commerce Sellers of the leading aggregator portal in imitation of Flipkart or Amazon subsequently yes you compulsion 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 infatuation GST Registration for the same.
#9 Outside India Online Portal – if you are software as a foster 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 approximately GST registration:-
- Registration of any concern entity below the GST Law implies obtaining a unique number from the concerned tax authorities for the objective of collecting tax upon behalf of the organization and to avail Input Tax Credit (ITC) for the taxes paid on his inward supplies.
- Without registration, a person can neither sum up tax from his customers nor allegation any balance of tax paid by him.
- Entities past 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 answerable for registration below GST law.
- Note Specific disclose 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 drop us an email at info@meerad.in