GST Registration

GST Registration


As consistent with the GST Council, entities withinside the Northeaster and hill states with an annual turnover of Rs.20 lakhs and above could be required to obtain GST registration. For all different entities in relaxation of India could be required to reap GST registration, if annual turnover exceeds Rs.40 lakhs. Entities required to reap GST registration as consistent with policies must record for GST registration within 30 days from the date on which the entity have become accountable for acquiring GST registration.

Taxlad.in is the main business services platform in India, offering plenty of services like GST registration, GST return filing, private restricted corporation registration, trademark filing and more. Taxlad.in allow you to obtain GST registration in India. The common time taken to obtain GST registration is about 3 - 5 working days, challenge to government processing time and client record submission.

Process We Follow


GST REGISTRATION

Taxlad.in can Register for GST in 3 to 5 days

01

Document collection

We will certain documents to be submitted to GST Department.

02

GST APPLICATION

We draft your GST application and file it on your behalf.

03

REGISTRATION APPROVAL

Once your GST registration is completed we will send GST license to you.

04

FAQs


Every enterprise carrying out a taxable deliver of products or offerings under GST regime and whose turnover exceeds the threshold limit of Rs. 40 lakh/ 20 Lakh as relevant could be required to sign in as a normal taxable person. This manner is of registration is referred as GST registration.

An offender now no longer paying tax or making short bills has to pay a penalty of 10% of the tax amount due subject to not less than Rs.10,000. The penalty might be high at 100% of the tax quantity while the offender has avoided i.e., wherein there may be a planned fraud. However, for different genuine errors, the penalty is 10% of the tax due.

It is a destination based tax on consumption of goods and services. It is proposed to be levied in any respect ranges right from manufacture as much as final consumption with credit score of taxes paid at previous stages available as set off. In a nutshell, most effective price addition could be taxed and burden of tax is to be borne via way of means of the final consumer.

The GST might update the following taxes:

(i) Taxes presently levied and accumulated by the Centre: Central Excise obligation Duties of Excise (Medicinal and Toilet Preparations) Additional Duties of Excise (Goods of Special Importance) Additional Duties of Excise (Textiles and Textile Products) Additional Duties of Customs (typically referred to as CVD) Special Additional Duty of Customs (SAD) Service Tax. Central Surcharges and Cesses up to now as they relate to deliver of products and services

(ii) State taxes that could be subsumed below the GST are: State VAT Central Sales Tax Luxury Taxd. Entry Tax (all forms) Entertainment and Amusement Tax (except while levied by the nearby our bodies) Taxes on classified ads Purchase Tax. Taxes on lotteries, having a bet and gambling. State Surcharges and Cesses up to now as they are overdue to deliver of products and services. The GST Council shall make tips to the Union and States at the taxes, cesses and surcharges levied with the aid of using the Centre, the States and the nearby our bodies which can be subsumed withinside the GST.

It could be a dual GST with the Centre and States concurrently levying it on a common tax base. The GST to be levied through the Centre on intra-State deliver of goods and / or offerings could be referred to as the Central GST (CGST) and that to be levied through the States/ Union territory could be referred to as the State GST (SGST)/ UTGST. Similarly, Integrated GST (IGST) can be levied and administered through Centre on each inter-country supply of goods and services.

Under the GST regime, an Integrated GST (IGST) might be levied and collected through the Centre on inter-State deliver of goods and services. Under Article 269A of the Constitution, the GST on supplies in the course of inter-nation alternate or trade will be levied and collected through the Government of India and such tax will be apportioned among the Union and the States in the way as can be provided through Parliament through regulation at the recommendations of the Goods and Services Tax Council.

Tax payers with an aggregate turnover in a financial year upto [Rs.40 lakhs & Rs.20 Lakhs for NE and special category states] would be exempt from GST registration.

HSN (Harmonised System of Nomenclature) code will be used for classifying the goods below the GST regime. Taxpayers whose turnover is above Rs 1.5 crores however under Rs five crores shall use 2-digit code and the taxpayers whose turnover is Rs five crores and above shall use 4-digit code. Taxpayers whose turnover is under Rs. 1.5 crores aren't required to say HSN Code of their invoices. Services might be categorized as according to the Services Accounting Code (SAC).

Taxable event under GST is supply of goods or services or both. CGST and SGST/ UTGST will be levied on intra-State supplies. IGST will be levied on inter-State supplies.

It means the liability to pay tax is on the recipient of supply of goods and services instead of the supplier of such goods or services in respect of notified categories of supply.

Why Taxlad


 

WE ARE DIFFERENT!

At Taxlad.in we ensure complete transparency at every step of the business incorporation process.We specialise in excellent customer service. When you call, email with our offices, you will receive personal attention from a knowledgeable specialist happy to help you .Our team of business startup specialists are here to keep you updated on the latest incorporation, tax and financial strategies and to help you manage important business details.


WHY CHOOSE

  • Specialized knowledge and experience in Taxation & Business Registration.
  • More communication than what larger agencies provide.
  • Strategic partnership and advice for potential opportunities to grow your brand.
  • Work is done in-house and not outsourced to a third party.
  • We practice what we preach and use our own services to grow our business.

SERVICES OFFERING !

Taxlad.in provides fast and end-to-end Business Incorporation and associated services. We also provide Accounting, Taxation and Legal Services. We guarantee hassle-free service delivery in the shortest possible time without compromising on quality.

Our team of experienced professionals assists entrepreneurs in selecting the best business structure suiting individual requirements, and to convert their dream business into appropriate corporate entities.