GST Registration


INTRODUCTION


Goods and Services Tax (GST) is an indirect tax required by every entity who wants to start trading or providing services in India. The eligibilities for compulsory registration are:- • Trade or Services more than Rs.40 Lacs. (Rs20 Lacs in special category states). • Interstate supply of Goods irrespective of threshold limit. • E-commerce operators providing platforms to Buyer and Sellers. • Entities want to take Input Tax Credit. There is another concept in GST is Regular or Composition registration. The turnover should not cross Rs.1.5Cr in trading of goods and Rs.50Lacs in providing Services for opting composition. It is advisable if there is Business to Business Sale than should not go for Composition Scheme.


The non-compliance of GST provisions arise in the form of penalty and interest. So, before taking this registration every business entity should take advice from consultant

RECOMMENDATION


First calculate your tax planning, increase in compliance cost and non-compliance impact & then go for GST registration. Additional opinion please contact with our advisor at zero fee.



TIME LIMIT FOR REGISTRATION


Generally it takes 3-5 Days for registration.



Benefits and Drawback


BENEFITS
DRAWBACKS
1  Ease in doing business because big entity wants             to work with ;GST registered businesses 1  Compliance would be mandatory monthly, quarterly or            annually as the case may be.
2 Important in cases of Export,Import,interstate           ecommerce 2  Penalty in case of non-compliances.
3   Input Tax Credit can be avail only after GST           regular registration. 3  Compliance cost increased.
4  Help in growth of Indian Economy. 4  GST is online taxation system so every taxpayer are now             shifting from pen paper to online returns and payment.

DOCUMENTATION FOR REGISTRATION


PURPOSE INDIVIDUAL PARTNERSHIP FIRM SOCIETY/TRUST COMPANIES
PAN Card Himself/Herself Firm Society Company
Identity Proof Aadhar/ DL etc Firm Deed Society Certificate /Trust Deed Certificate Of Incorporation
Address Proof Utility Bill/Rent Agreement/NOC Utility Bill/Rent Agreement/NOC Utility Bill/Rent Agreement/NOC Utility Bill/Rent Agreement/NOC
Bank Details Cancelled Cheque / Bank Staement Cancelled Cheque / Bank Staement Cancelled Cheque / Bank Staement Cancelled Cheque / Bank Staement
Photo (One) Individual Partners’ Members’ Directors’
Authorized Signatory Letter of Authorization Letter of Authorization Letter of Authorization Letter of Authorization
Authorized Signatory KYC PAN, Aadhar and Photo PAN, Aadhar and Photo PAN, Aadhar and Photo PAN, Aadhar and Photo

Packages


My Three packages are :-

SILVER


Included

999/-

1 GST Certificate

2 Rent Agreement

3 Consultancy


GOLD


Included

4,999/-

1 GST Certificate

2 Rent Agreement

3 GST 6 Month Return

4 Consultancy




DIAMOND


Included

11,999/-

1 GST Certificate

2 Rent Agreement

3 GST 12 Month Return

4 Annual Return

5 Consultancy