Patnaconsultant provides GST Registration in Siwan, GST reward filing services, GST audit services, GST annual compliance services. GST is type of indirect tax, which is mandatory for whatever business entities. All selling or give support to providing entities in India have to gain registration in GST. We will find the grant for you whatever important guidance in this article in brief.
GST Registration in Siwan
GST registration means, registration of a business 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 assume 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 keen in inter allow in transfer, they will have to get registration below GST.
Launched upon July 1 2017, the Goods & Services Tax (GST) applies to all Indian sustain providers (including freelancers), traders and manufacturers. A variety of Central taxes in imitation of Service Tax, Excise Duty, CST and declare taxes in the make public of 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 give support to available. The procedure for GST is enormously online and requires no encyclopedia 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 perfect 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 bodily consumed in Uttar Pradesh, the entire revenue will go to Uttar Pradesh.
Also, taxpayers considering 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 unmodified 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 certain businesses, registration below GST is mandatory. If the organization carries upon business without registering under GST, it will be an offence below GST and unventilated penalties will apply.
GST registration usually takes in the middle of 2-6 keen days. We’ll help you to register for GST in 3 easy steps.
*CBIC has notified the growth 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 Siwan:
- Trade when one nation one tax rules.
- Goods & Services below one crown.
- Sale and Purchase later invoice /Bill in which tax is shown.
- Use input tax credit upon sales.
- Avoid Tax evasion
Process of GST Registration:
- Documents preparation
- Filing upon GST portal
- ARN issue
- GSTIN number/Certificate issued by department
Can you get online GST Registration in Siwan?
GST is adequately based on online process. Government of India has made GST registration to be done online. So it is great for you & your business. No compulsion to visit our office to get you GST registration. You can send us your anything Documents subsequent to sign through mails or additional online sources considering whats app. We will realize 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 acquit yourself like advance tax or VAT or cst etc then they have required the New GST Registration.
#2 Turnover basis – if your issue sales or turnover cross higher than 40 lakh rupees in a year after that its required the GST Registration. For some come clean 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 long-lasting place of event then they can apply for the casual taxpayer below the GST Registration. It’s authentic 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 next 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 next it’s required to apply for the GST Registration to carry deliver the gain of an input tax credit under GST Law.
#6 Reverse Charge Mechanism – Under GST Law there is term reverse case mechanism appropriately 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 when Flipkart or Amazon subsequently yes you compulsion the GST Registration.
#8 E-Commerce Aggregator Portal – if you are thinking to Begin your own E-commerce business then for ECommerce Business Registration you obsession GST Registration for the same.
#9 Outside India Online Portal – if you are software as a give support to company and providing information & database right of entry from uncovered India to Indian visitors later it’s required to register under the GST.
Some important facts about GST registration:-
- Registration of any situation entity under the GST Law implies obtaining a unique number from the concerned tax authorities for the strive for of collecting tax upon 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 collection tax from his customers nor allegation any financial credit of tax paid by him.
- Entities like 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 declare 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