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GST Registration !!!

'ONE NATION, ONE TAX, ONE MARKET'. Goods and Service Tax (GST) is applicable on the supply of goods and services in India. GST is one tax for the entire country. GST is mendatory for certain business entities persons whose turnover exceeds the prescribed limit.

GST introduces with the expectation of that, the GST tax system will help to create a common national market; it removes the cascading effect of taxation; leads to uniformity in laws, rates of tax, and procedures across states; boost manufacturing activities and exports; generate more employment. Indian products would be more compatitive in global markets; likely to improve the overall investment climate in India and attract foreign investment; reduce tax evasion; a simpler system of taxation with a smaller number of exemptions; simplified methods for process will be more accurate and transparent, as electronic matching will be performed.

Documents Required For GST Registration

  1. 1. PAN Card Applicant (Self Attested), Email ID And Contact No. Of Applicant, Passport Size Photograph Of All Applicant / Directors / Partners, Bank Statement/ Cancelled Cheque/ Pass Book Of The Individual / Company / Partnership Firm (Self Attested).
  2. 2. Address Proof Of All Applicant / Directors / Promoter ( Bank Statement Or Bank Passbook / Utilituy Bill I.E.Electricity Bill Etc. / Adhar Card / DL / Passport (Self Attested).
  3. 3. Address Proof Of Registered Office - Any Utilituy Bill I.E.Electricity Bill And Rent Agreement With NOC In Case Of Rented Premises. (Self Attested).
  4. 4. Supporteding Doccuments - For Companies - Certificate Of Incorporation, MOA, AOA, For Partnership Firm - Deed Of Partnership , And For Proprietorship - Name Of Firm, Business Of Firm (Self Attested).

Documents Provides

  1. GST Registration
  2. Bank Account Opening KIT
  3. Proprietorship Registration

Prepare Documents

  1. 1. After receiving your document & payment, we prepare all nessessary documents for your company registration in 2 working days and sent you for signing.
  2. 2. Whenever you get the document, coordinate with your relationship manager and fill the remaining information and sign the documents.

Ease Of Doing Business

Goods and Services will be taxed with both CGST and SGST. In case of interstate trade of goods and services, IGST will be levied. IGST will be collected by Central and distributed with the State and this will lead to a seamless national market with less compliance. Zero Rated Exports and free movement of goods and services will help the businesses especially retail and trade.

Common Procedures

The procedures for refund of taxes and registration of taxpayers will be common, while the formats of tax return will be uniform. The tax base will also be common, as will the system of assortment of products or services in addition to the timelines for each activity, thereby ensuring that taxation systems have greater certainty.

Removing Cascading Tax Effect

An important benefit of the introduction of GST will be the removal of the cascading tax effect. In simple words, “cascading tax effect” means a tax on tax. Under the current regime, the service tax paid on input services cannot be set off against output VAT. Under GST, the input tax credit can be availed smoothly across the spectrum of goods and services, thus reducing the tax burden on the end user and removing cascading effect.

Composition Scheme

Composition Scheme is a simple and easy scheme under GST for taxpayers. Small taxpayers can get rid of tedious GST formalities and pay GST at a fixed rate of turnover. Commonly this scheme can be opted by any taxpayer whose turnover is less than Rs. 1.5 crore

Common Portal

Since technology will be used heavily to drive GST, taxpayers will have a common portal (GSTN). The procedures for different processes like registration, tax payments, refunds, returns, etc.will be automated and simplified. Whether it is the filing of returns, filing of refund claims, payment of taxes, or even registration, all processes will be done online via GST.