Patnaconsultant provides GST Registration in Motihari, GST recompense filing services, GST audit services, GST annual compliance services. GST is type of indirect tax, which is mandatory for anything business entities. All selling or relief providing entities in India have to get registration in GST. We will offer you all important guidance in this article in brief.
GST Registration in Motihari
GST registration means, registration of a concern entity as per provisions of Gst Act,2017. Gst Act,2017 has prescribed that anything business entity like, private limited companies, partnership firms, individuals, proprietorship firmsetc which is change 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 energetic in inter come clean transfer, they will have to gain registration under GST.
Launched upon July 1 2017, the Goods & Services Tax (GST) applies to everything Indian assist providers (including freelancers), traders and manufacturers. A variety of Central taxes behind Service Tax, Excise Duty, CST and let pass taxes taking into account 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 relief available. The procedure for GST is unconditionally online and requires no encyclopedia 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 after that the total sale to the consumer. Interestingly, GST will be levied on anything of these 3 stages. Let’s say if a product is produced in West Bengal but is being consumed in Uttar Pradesh, the entire revenue will grow Uttar Pradesh.
Also, taxpayers as soon as 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 unlimited 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 sure businesses, registration under GST is mandatory. If the organization carries on business without registering under GST, it will be an offence under GST and heavy penalties will apply.
GST registration usually takes amid 2-6 enthusiastic days. We’ll assist you to register for GST in 3 easy steps.
*CBIC has notified the enlargement 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 Motihari:
- Trade next one nation one tax rules.
- Goods & Services below one crown.
- Sale and Purchase behind 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 Motihari?
GST is adequately based on online process. Government of India has made GST registration to be the end online. So it is good for you & your business. No compulsion to visit our office to gain you GST registration. You can send us your everything Documents next sign through mails or new online sources taking into account 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 do something 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 higher than 40 lakh rupees in a year then its required the GST Registration. For some give access like North-Eastern States, J&K, Himachal Pradesh, and Uttarakhand the limit is and no-one else 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 issue then they can apply for the casual taxpayer under the GST Registration. It’s authenticated 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 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 foster distributor next it’s required to apply for the GST Registration to carry dispatch the improvement of an input tax credit under GST Law.
#6 Reverse Charge Mechanism – Under GST Law there is term reverse prosecution mechanism for that reason if you fall under that category subsequently its required the GST registration.
#7 E-commerce Sellers – if you are an E-commerce Sellers of the leading aggregator portal in the atmosphere of Flipkart or Amazon subsequently yes you dependence the GST Registration.
#8 E-Commerce Aggregator Portal – if you are thinking to start your own E-commerce business then for ECommerce Business Registration you dependence GST Registration for the same.
#9 Outside India Online Portal – if you are software as a service company and providing information & database right of entry from uncovered India to Indian visitors after that it’s required to register under the GST.
Some important facts not quite GST registration:-
- Registration of any business entity under the GST Law implies obtaining a unique number from the concerned tax authorities for the seek of collecting tax upon behalf of the handing out and to avail Input Tax Credit (ITC) for the taxes paid upon his inward supplies.
- Without registration, a person can neither collective tax from his customers nor allegation any report of tax paid by him.
- Entities subsequent to turnover exceeds of Rs.40 lakhs (supply of goods in usual 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 on which the entity became responsible for registration below GST law.
- Note Specific own up 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 Fall us an email at info@meerad.in