GST REGISTRATION
All you need to know about GST Registration
is applicable on all goods and services except Petroleum products as of now. Goods & Service Tax (GST) is a consolidated tax, which essentially means that State and Central Indirect taxes have been merged. Entire country now operates under a uniform tax system. It now replaces service tax, excise, VAT, entertainment tax, luxury tax, octroi, CST etc.
GST Registration Process in India is completely online. It requires no manual intervention or no physical paper submissions. A very simple procedure has been prescribed for GST Registration.
It is compulsory to get your GST registered for traders, manufacturers, businesses, individuals, professionals etc, whose turnover (sales) exceed INR 40 Lakh. If your sales are less than INR 40 Lakh, you may also voluntarily opt for GST Registration in case you wish to avail the benefits of Input Tax Credit. Further, all persons who make interstate purchase or sales of services or goods have to apply for GST registration. Above limits do not apply to them.
Need and Advantages of GST Registration
The GST Registration will confer the following advantages to a taxpayer:
- The Taxpayer will be legally recognized as a supplier of goods or services.
- He would be legally authorized to collect tax from his customers and pass on the credit of the taxes paid on the goods or services supplied to the purchasers/ recipients.
- He can claim input tax credit of taxes paid on his purchases / procurements and can utilize the same for payment of taxes due on supply of goods or services.
- Seamless flow of Input tax credit from suppliers to recipients at the national level
Chithragupta is an eminent business platform and a progressive concept, which helps end-to-end incorporation, compliance, advisory, and management consultancy services to clients in India and abroad. GST Registration in India is easy, seamless, cheapest and quickest with chithragupta Apart from a GST Registration, Chithragupta also helps you with free GST Advisory, GST Return filing, TDS Returns filing, Trademark Registration and a host of other services easily. You may get in touch with our compliance manager on 8888 345679 or email caspl.help@gmail.com for online gst registration and GST Registration services. Find out here how to get GST number, how to apply for GST in India and documents required for GST registration. GST Registration in India is easy, seamless, cheapest and quickest with Chithragupta!
GST Registration Documents Required
- PAN of applicant
- Aadhar Card
- Address Proof of business
- Proof of business or registration
- Identity and Address Proof of Directors with photographs
- Bank Account Statement or cancelled Cheque
- Authority Letter
- Digital Signature (not required in proprietorship firm)