GST Registration in India

Author : startupefilings
Publish Date : 2021-02-02 08:06:08


GST Registration in India

GST Registration is a tedious 11 step process that involves the submission of many business details and scanned documents. You can opt for Startupefilings Goods And Services Tax (GST) Registration services where a GST Expert will assist you, end to end with GST Registration. The new GST returns were recently introduced for the regular taxpayers to streamline the filing process under GST. It shall be implemented from October 2020 replacing GSTR-1, GSTR-2A, and GSTR-3B return only. It contains a simplified single return and aims to ease the filing for the GST registered taxpayers through automation. Startupefilings is providing the online support for One Person Company Registration, Proprietorship Registration, Partnership Firm Registration, Limited liability Partnership Registration, Private Limited Company Registration through our expert professional team of CA’s, CS’s and Lawyer’s as one solution for all pre & post-incorporation compliances & licensing requirements for company registration. GST registration is a PAN based registration that is done online. It takes around 3-6 working days within which a temporary number (TRN) is generated on time. GST registration is confirmed by the GSTIN (GST identification number) which is provided by the tax authorities to monitor tax payments and compliances of the registered person and it is a unique 15 digit number. Business or entity who provide services of RS 20 lakhs as turnover in a year is required to obtain GST registration, but in NE and hill states, the GST turnover limit has been fixed at Rs 10 lakhs. Any business that is engaged in the supply of goods and whose turnover exceeds Rs 40 lakhs in an aggregate year and Rs 20 lakhs in NE and hill states in an aggregate year is required to obtain GST registration. But the supplier should not be providing any services and should not be engaged in making intrastate supplies (supply within the same state). If you supply goods and services to another state, that means interstate sales or services then it compulsory to obtain the registration certificate before starting any interstate trade. 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 normal taxable person. This process of registration is called GST registration. For certain businesses, registration under GST is mandatory. If the organization carries on business without registering under GST, it will be an offense under GST and heavy penalties will apply. GST registration usually takes between 2-6 working days. We’ll help you register for GST in 3 easy steps. Aggregate turnover should be taken into consideration to calculate turnover. Aggregate turnover means the aggregate value of all taxable supplies excluding inward supplies liable to reverse charge, but including exempt supplies, exports of goods or services or both, and inter-state supplies of persons having the same PAN, to be computed on an all-India basis. It is noted that SGST, UTGST, and cess should be excluded while calculating aggregate turnover.
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visit a website:- www.startupefilings.com
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Category : business

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