GST

GST

Goods and Services Tax (GST) is a significant tax reform in India, unifying various indirect taxes under a single umbrella. Implemented to streamline the taxation process, GST is crucial for businesses to ensure compliance and take advantage of the benefits it offers. If you are starting a new business or running an existing one, obtaining GST registration is essential for legal compliance, seamless operations, and business credibility. Our comprehensive GST Registration Service ensures a smooth and hassle-free registration process for your business.
GST is a single, indirect tax levied on the supply of goods and services, from the manufacturer to the consumer. It has replaced multiple indirect taxes such as VAT, service tax, excise duty, and others, creating a uniform taxation system across India. GST is divided into three categories:
CGST (Central Goods and Services Tax)
Levied by the Central Government on intra-state supply of goods and services.
SGST (State Goods and Services Tax)
Levied by the State Government on intra-state supply of goods and services.
IGST (Integrated Goods and Services Tax)
Levied by the Central Government on inter-state supply of goods and services and imports.

About GST

  • Importance of GST Registration

      Legal Compliance : GST registration is mandatory for businesses with an annual turnover exceeding ₹20 lakhs for Services and ₹40 Lakhs. Non-compliance can lead to penalties and legal actions.
      Input Tax Credit: Registered businesses can claim input tax credit on their purchases, reducing the overall tax liability.
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      Competitive Advantage: GST registration enhances your business credibility, making it easier to attract customers, suppliers, and investors.
      Simplified Taxation: GST consolidates multiple taxes into a single tax, simplifying the tax structure and reducing the compliance burden.
  • Who Needs GST Registration?

      ● Businesses with an annual turnover exceeding ₹20 lakhs for Services and ₹40 Lakhs for Goods .● Individuals making inter-state supply of goods and services● Casual taxable persons and non-resident taxable persons● Agents of a supplier● E-commerce operators● Businesses required to deduct TDS under GST● Those providing online information and database access or retrieval services from outside India to a person in India
  • Steps for GST Registration

      Documents Required: Documents Required such as PAN card, proof of business registration, identity and address proof of promoters, bank account details, and digital signature.
      Submit Application: Submit the GST registration application online through the GST portal. Fill in the necessary details and upload the required documents.
      Verification and Approval: The application is verified by the GST authorities. If all details and documents are correct, the registration is approved.
      GSTIN Issuance: Upon approval, a unique Goods and Services Tax Identification Number (GSTIN) is issued. This 15-digit number must be used on all invoices and GST returns.
  • Documents Required for GST Registration

      ● PAN card of the business or applicant● Proof of business registration or incorporation certificate● Identity and address proof of promoters/directors with photographs● Address proof of the business premises● Bank account statement or cancelled cheque● Digital signature (for companies and LLPs)● Letter of authorization or Board Resolution (for authorized signatories)

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