Patnaconsultant provides GST Registration in Pakur, GST reward filing services, GST audit services, GST annual compliance services. GST is type of indirect tax, which is mandatory for everything business entities. All selling or benefits providing entities in India have to gain registration in GST. We will allow you anything important guidance in this article in brief.
GST Registration in Pakur
GST registration means, registration of a event entity as per provisions of Gst Act,2017. Gst Act,2017 has prescribed that whatever business entity like, private limited companies, partnership firms, individuals, proprietorship firmsetc which is fake 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 full of life in inter declare transfer, they will have to get registration below GST.
Launched upon July 1 2017, the Goods & Services Tax (GST) applies to whatever Indian assistance providers (including freelancers), traders and manufacturers. A variety of Central taxes bearing in mind Service Tax, Excise Duty, CST and give access taxes considering 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 assistance available. The procedure for GST is utterly online and requires no manual intervention.
Every product goes through multipart stages along the supply chain, which includes the purchasing of raw materials, manufacturing, sale to the wholesaler, selling to the retailer and later the firm 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 living thing consumed in Uttar Pradesh, the entire revenue will build up Uttar Pradesh.
Also, taxpayers subsequent to 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 perfect 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 under GST is mandatory. If the executive carries on business without registering under GST, it will be an offence under GST and oppressive penalties will apply.
GST registration usually takes in the company of 2-6 practicing days. We’ll assist you to register for GST in 3 simple steps.
*CBIC has notified the deposit 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 Pakur:
- Trade as soon as one nation one tax rules.
- Goods & Services below one crown.
- Sale and Purchase subsequently 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 Pakur?
GST is fully based on online process. Government of India has made GST registration to be over and done with online. So it is great for you & your business. No dependence to visit our office to get you GST registration. You can send us your whatever Documents subsequently sign through mails or extra online sources following whats app. We will get 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 acquit yourself like relieve tax or VAT or cst etc then they have required the New GST Registration.
#2 Turnover basis – if your concern sales or turnover cross beyond 40 lakh rupees in a year subsequently its required the GST Registration. For some permit like North-Eastern States, J&K, Himachal Pradesh, and Uttarakhand the limit is isolated 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 steadfast place of situation 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 event 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 facilitate distributor later it’s required to apply for the GST Registration to carry forward the benefit of an input tax credit below GST Law.
#6 Reverse Charge Mechanism – Under GST Law there is term reverse charge mechanism fittingly 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 considering Flipkart or Amazon after that yes you obsession the GST Registration.
#8 E-Commerce Aggregator Portal – if you are thinking to Begin your own E-commerce event then for ECommerce Business Registration you habit 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 outdoor India to Indian visitors subsequently it’s required to register below the GST.
Some important facts very nearly GST registration:-
- Registration of any thing entity below the GST Law implies obtaining a unique number from the concerned tax authorities for the aspire of collecting tax on behalf of the giving out and to avail Input Tax Credit (ITC) for the taxes paid upon his inward supplies.
- Without registration, a person can neither amassed tax from his customers nor affirmation any description of tax paid by him.
- Entities with 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 under GST.
- The eligible entities must file GST application within 30 days from the date on which the entity became liable for registration below GST law.
- Note Specific give access 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 release to call or Whatsapp at +91-8540099000 or Fall us an email at info@meerad.in