Patnaconsultant provides GST Registration in Samastipur, GST recompense filing services, GST audit services, GST annual agreement services. GST is type of indirect tax, which is mandatory for whatever business entities. All selling or abet providing entities in India have to get registration in GST. We will come up with the money for you anything important instruction in this article in brief.
GST Registration in Samastipur
GST registration means, registration of a thing 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 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 in action in inter permit transfer, they will have to get registration below GST.
Launched on July 1 2017, the Goods & Services Tax (GST) applies to whatever Indian advance providers (including freelancers), traders and manufacturers. A variety of Central taxes in the proclaim of Service Tax, Excise Duty, CST and acknowledge taxes in imitation of 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 support available. The procedure for GST is agreed online and requires no reference book 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 resolution sale to the consumer. Interestingly, GST will be levied on all of these 3 stages. Let’s tell if a product is produced in West Bengal but is instinctive consumed in Uttar Pradesh, the entire revenue will build up Uttar Pradesh.
Also, taxpayers gone 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 fixed idea 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 sure businesses, registration below GST is mandatory. If the direction 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 in action days. We’ll help you to register for GST in 3 simple steps.
*CBIC has notified the accrual 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 Samastipur:
- Trade past one nation one tax rules.
- Goods & Services below one crown.
- Sale and Purchase like invoice /Bill in which tax is shown.
- Use input tax credit upon 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 Samastipur?
GST is thoroughly based upon online process. Government of India has made GST registration to be curtains online. So it is great for you & your business. No need to visit our office to gain you GST registration. You can send us your all Documents subsequently sign through mails or additional online sources as soon as whats app. We will reach 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 put-on like facilitate 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 next its required the GST Registration. For some state like North-Eastern States, J&K, Himachal Pradesh, and Uttarakhand the limit is abandoned 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 remaining place of situation then they can apply for the casual taxpayer below the GST Registration. It’s real 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 business of NRI in India then 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 encourage distributor then it’s required to apply for the GST Registration to carry concentrate on the lead of an input tax credit below GST Law.
#6 Reverse Charge Mechanism – Under GST Law there is term reverse battle 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 subsequent to 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 thing 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 access from uncovered India to Indian visitors next it’s required to register below the GST.
Some important facts more or less GST registration:-
- Registration of any situation entity below the GST Law implies obtaining a unique number from the concerned tax authorities for the intend of collecting tax upon behalf of the executive and to avail Input Tax Credit (ITC) for the taxes paid upon his inward supplies.
- Without registration, a person can neither whole tax from his customers nor claim any relation of tax paid by him.
- Entities with turnover exceeds of Rs.40 lakhs (supply of goods in usual 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 upon which the entity became responsible for registration under GST law.
- Note Specific divulge 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