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GST Registration
Easily Register GST(Goods and Services Tax)
- Pay just Government Fees
- Get 100% Cashback. Effective cost of Incorporation Rs. 0/-
- Get Company Incorporated in 5-7 working days with 100% Guarantee
- Industry Leader with 100+ Companies Incorporated per month
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What Is GST(Goods and Services Tax)?
GST which is passed and came into effect from 2017, is a uniform indirect tax levied on goods and services across the country. GST is an umbrella concept, which covered all type of taxes under one head i.e. GST. Previously, in India there were many types of indirect taxes like VAT, central excise, service tax, additional duties of excise & customs, special additional duty of customs, but now only one tax is available for all is GST. GST was mainly implemented to reduce the cascading effect of taxes and make taxation simple system.
GST is levy by both Central and State Government, in GST both CGST and SGST taxes are covered. If Goods and services are supplied from one state to another then IGST will be levied, this transaction is called inter-state. GST Registration is mandatory on turnover crossed, for Service Provider Rs. 20 lac and for Goods Suppliers Rs. 40lac. Once you took GST number require to fill GST Return monthly/quarterly depending upon turnover. There are many types of returns under GST, but mainly GSTR 1, 2 and 3 are mandatory. There is one more concept composition scheme which is applicable to manufacturers or a trader whose taxable business turnover is up to ₹1.5 crore, it’s an optional scheme.
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Features Of GSt
Status
GST registration is also proof of entity. In many Government offices it is considered as an entity proof. Applicability of GST depends upon turnover. Because of GST we can find the exact purchase sale figures quickly.
One Indirect Tax
In our country there were many more Indirect taxes, some taxes are different from state to state, which is very difficult for business to do compliances of all taxes, GST is the only one Indirect tax in whole country which makes easy compliances.
Common Procedures for All
Because of one tax, the procedure of applicability of tax and calculation of tax is same for all businessmen. It’s a common procedure for all and because of that its easy to use.
Document Required for GST Registration
- Photos
- Pan Card
- Aadhar Card
- Authority Letter
- Authority LetterUtility Bill for Office
- Rent Agreement/Purchase Deed/Tax Receipt/Maintenance Receipt
Frequently Ask Questions (Faqs)
What is sole proprietorship firm?
Ans: It’s a simple single person firm. Remember it’s not a company, it’s a best way to start a business in India with the less costing and less compliance. its need only just one person for the legal registration.
What are the advantages?
Ans: The advantages are as follows:
• less costing
• less compliances
• less income tax etc
REGISTRATION PROCESS
1) Obtaining Information and Documents
In GST registration, firstly we collect all the necessary information and documents for the registration. Documents should be self attested.
2) Generate ARN and TRN
GST registration is in 2 stages, Part A and Part B. After filling Part A with basic information we get TRN number which valid for 15 days. Within 15 days it is needed to fill Part B with addition information and documents, then we get ARN.
3) Issue GST Certificate
After issuing ARN number, GST officer will verify all given information with attached documents, if they get satisfied with the provided information then they issue GST certificate. If they have any query, then the application must be resubmitted. This process usually takes 4-5 days.
How we help with GST Registration
TruFilings can easily register a GST Registration within 5-7 working days.