Patnaconsultant provides GST Registration in Madhepura, GST compensation filing services, GST audit services, GST annual submission services. GST is type of indirect tax, which is mandatory for everything business entities. All selling or promote providing entities in India have to get registration in GST. We will pay for you everything important assistance in this article in brief.
GST Registration in Madhepura
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 imitate 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 working in inter let in transfer, they will have to gain registration below GST.
Launched on July 1 2017, the Goods & Services Tax (GST) applies to anything Indian relief providers (including freelancers), traders and manufacturers. A variety of Central taxes taking into consideration Service Tax, Excise Duty, CST and acknowledge taxes once Entertainment Tax, Luxury Tax, Octroi, VAT are absorbed in one tax – GST, implemented on 01.07.2017. GST is to be charged at every step of the supply chain, with full set-off sustain available. The procedure for GST is extremely online and requires no directory 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 later the supreme sale to the consumer. Interestingly, GST will be levied on whatever of these 3 stages. Let’s say if a product is produced in West Bengal but is creature consumed in Uttar Pradesh, the entire revenue will ensue Uttar Pradesh.
Also, taxpayers subsequently 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 truth 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 Definite businesses, registration under GST is mandatory. If the dealing out carries on business without registering under GST, it will be an offence below GST and oppressive penalties will apply.
GST registration usually takes with 2-6 involved days. We’ll support you to register for GST in 3 easy 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 Madhepura:
- Trade taking into consideration one nation one tax rules.
- Goods & Services below one crown.
- Sale and Purchase taking into account 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 Madhepura?
GST is sufficiently based upon online process. Government of India has made GST registration to be done online. So it is good for you & your business. No need to visit our office to gain you GST registration. You can send us your all Documents later sign through mails or other online sources when whats app. We will attain 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 under the previous tax operate like foster tax or VAT or cst etc then they have required the New GST Registration.
#2 Turnover basis – if your concern sales or turnover cross higher than 40 lakh rupees in a year later its required the GST Registration. For some own up like North-Eastern States, J&K, Himachal Pradesh, and Uttarakhand the limit is single-handedly 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 permanent place of issue then they can apply for the casual taxpayer below the GST Registration. It’s genuine 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 event of NRI in India subsequently 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 assist distributor after that it’s required to apply for the GST Registration to carry forward the gain of an input tax credit below GST Law.
#6 Reverse Charge Mechanism – Under GST Law there is term reverse clash mechanism so 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 following Flipkart or Amazon subsequently yes you infatuation the GST Registration.
#8 E-Commerce Aggregator Portal – if you are thinking to Begin your own E-commerce matter then for ECommerce Business Registration you habit GST Registration for the same.
#9 Outside India Online Portal – if you are software as a minister to company and providing information & database right of entry from outdoor India to Indian visitors later it’s required to register below the GST.
Some important facts just about GST registration:-
- Registration of any concern entity under the GST Law implies obtaining a unique number from the concerned tax authorities for the point of collecting tax on behalf of the management and to avail Input Tax Credit (ITC) for the taxes paid upon his inward supplies.
- Without registration, a person can neither cumulative tax from his customers nor claim any relation of tax paid by him.
- Entities later than 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 under GST.
- The eligible entities must file GST application within 30 days from the date upon which the entity became blamed for registration under GST law.
- Note Specific permit 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