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GST
GST Registration
All India service @ Rs. 2,499/- Only (Inclusive Digital Signature Class 2 -3 yrs.)
Who needs to register:
GST Registration
The long-awaited goods and services tax is a reality now, which subsumes most of the indirect taxes in it. While tax base will increase the complication of compliance is set to reduce. Now the tax is not on manufacturing, sale or provision of service but is on supply. The system of GST is such where the credit of the GST paid on Inward Supply can be set off towards the GST on outward supply where the chain of tax credit needs to remain intact. Under the new tax regime, all persons involved in the supply of goods or services are required to obtain registration of GST. Those who are not registered under GST shall not be allowed to collect GST from customers or claim input tax credit (ITC) on inward supply. GST Council has prescribed 20 Lakhs of turnover to be the threshold limit for registration under GST. However, for northeastern states, it is 10 Lakhs. The registration must be applied within 30 days of reaching the threshold limit. For GST, the term Aggregate Turnover means all supplies made by the taxable person whether on his own or behalf of a principal. However, in case of registered job worker, the turnover of supplies under job work won't be included in his turnover.
List of Documents
All India service @ Rs. 2,499/- Only (Inclusive Digital Signature Class 2 -3 yrs.)
Who needs to register:
- Can be obtained voluntarily by anyone
- On reaching 20 Lac turnover within state
- Mandatory in case of Inter-State Supply.
- When entering into foreign trade (Import/Export)
- If liable to GST under Reverse Charge method
- Supply of Goods or Service through E-comm. Operator
GST Registration
The long-awaited goods and services tax is a reality now, which subsumes most of the indirect taxes in it. While tax base will increase the complication of compliance is set to reduce. Now the tax is not on manufacturing, sale or provision of service but is on supply. The system of GST is such where the credit of the GST paid on Inward Supply can be set off towards the GST on outward supply where the chain of tax credit needs to remain intact. Under the new tax regime, all persons involved in the supply of goods or services are required to obtain registration of GST. Those who are not registered under GST shall not be allowed to collect GST from customers or claim input tax credit (ITC) on inward supply. GST Council has prescribed 20 Lakhs of turnover to be the threshold limit for registration under GST. However, for northeastern states, it is 10 Lakhs. The registration must be applied within 30 days of reaching the threshold limit. For GST, the term Aggregate Turnover means all supplies made by the taxable person whether on his own or behalf of a principal. However, in case of registered job worker, the turnover of supplies under job work won't be included in his turnover.
List of Documents
- PAN Card of the Company/LLP/Partnership firm/Proprietor.
- Registration certificate of the Company/LLP/Partnership firm/Proprietorship
- Company MOA/AOA/LLP Agreement/Partnership deed
- Copy of cancelled cheque of the company/LLP/Partnership firm/.
- Electricity Bill and Rent Agreement.
- Copy of electricity bill/ landline bill/ water bill.
- NOC from owner.
- Rent agreement, if premises are rented.
- Photographs, PAN Card and ID Proof of Directors/Partners/Proprietor.
- Digital Signature of authorized person
- Power of attorney
