Patnaconsultant provides GST Registration in Seraikela Kharsawan, GST compensation filing services, GST audit services, GST annual assent services. GST is type of indirect tax, which is mandatory for everything business entities. All selling or relieve providing entities in India have to gain registration in GST. We will give you all important counsel in this article in brief.

GST Registration in Seraikela Kharsawan

GST registration means, registration of a matter entity as per provisions of Gst Act,2017. Gst Act,2017 has prescribed that everything business entity like, private limited companies, partnership firms, individuals, proprietorship firmsetc which is distress 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 effective in inter acknowledge transfer, they will have to gain registration under GST.

Launched on July 1 2017, the Goods & Services Tax (GST) applies to all Indian promote providers (including freelancers), traders and manufacturers. A variety of Central taxes when Service Tax, Excise Duty, CST and state taxes subsequent to 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 sustain available. The procedure for GST is enormously online and requires no encyclopedia intervention.

Every product goes through fused 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 fixed idea 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 inborn consumed in Uttar Pradesh, the entire revenue will accumulate Uttar Pradesh.

Also, taxpayers considering 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 unmovable 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 under GST is mandatory. If the admin carries upon business without registering under GST, it will be an offence under GST and close penalties will apply.

GST registration usually takes amongst 2-6 vigorous days. We’ll back up you to register for GST in 3 easy 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 Seraikela Kharsawan:

Trade like 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 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 Seraikela Kharsawan?

GST is thoroughly based upon online process. Government of India has made GST registration to be ended online. So it is good for you & your business. No need to visit our office to get you GST registration. You can send us your whatever Documents bearing in mind sign through mails or other online sources with whats app. We will attain 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 feat like encourage tax or VAT or cst etc then they have required the New GST Registration.
#2 Turnover basis – if your business sales or turnover cross higher than 40 lakh rupees in a year subsequently its required the GST Registration. For some divulge like North-Eastern States, J&K, Himachal Pradesh, and Uttarakhand the limit is unaccompanied 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 enduring place of business then they can apply for the casual taxpayer below the GST Registration. It’s true 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 situation 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 relieve distributor later it’s required to apply for the GST Registration to carry adopt the plus of an input tax credit below GST Law.
#6 Reverse Charge Mechanism – Under GST Law there is term reverse lawsuit mechanism consequently if you fall under that category then 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 after that yes you need the GST Registration.
#8 E-Commerce Aggregator Portal – if you are thinking to Begin your own E-commerce concern then for ECommerce Business Registration you obsession GST Registration for the same.
#9 Outside India Online Portal – if you are software as a promote company and providing information & database permission from outdoor India to Indian visitors after that it’s required to register below the GST.

Some important facts nearly GST registration:-

Registration of any concern entity under the GST Law implies obtaining a unique number from the concerned tax authorities for the aspire of collecting tax on behalf of the direction and to avail Input Tax Credit (ITC) for the taxes paid on his inward supplies.
Without registration, a person can neither amass tax from his customers nor affirmation any checking account of tax paid by him.
Entities afterward 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 on which the entity became answerable for registration below GST law.
Note Specific allow in 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