Goods and Service Tax
Goods and Service Tax is a tax levied on supply of goods and services right from the point of manufacturing to final consumption by user. GST is a simplified indirect tax structure, wherein tax paid on goods/services procured by one person at one stage can be availed as credit while passing on the goods/services to the next stage, until they reach the final consumer who bears incidence of tax.
Registration - Any person or entity supplying goods or services in India above the aggregate turnover limit is mandatorily required to obtain GST registration
Turnover Limit - Limit is Rs.20 lakhs for service providers and Rs.40 lakhs for goods suppliers, except in special category states and subject to the conditions.
Composition Scheme - Any existing taxpayer whose annual turnover did not cross Rs 1.5 crore threshold in the preceding financial year are eligible for composition scheme.
Registration Check Eligibility
Turnover Exceeds 40/20 Lakhs
If the aggregate turnover is more than 40 lakhs (For Normal Category States) and Rs. 20 lakhs (Special Category States) then GST registration is necessary and must be obtained within 30 days of reaching to that level.
Normal Category States (40 Lakhs): Chhattisgarh, Jharkhand, Delhi, Bihar, Maharashtra, Andhra Pradesh, Gujarat, Haryana, Goa, Punjab, Uttar Pradesh, J&K, Assam, Himachal Pradesh, Karnataka, Madhya Pradesh, Odisha, Rajasthan, Tamil Nadu, West Bengal.
Special Category States (20 Lakhs): Puducherry, Meghalaya, Mizoram, Tripura, Manipur, Sikkim, Nagaland, Arunachal Pradesh, Uttarakhand.
Compulsory Registration It is compulsory irrespective of the turnover, for casual taxable person, or those need to pay tax on RCM, Non-Resident taxable person, Input Service Distributor, E-commerce Operator, etc.
Inter-state Sales or Service If you are engaged in the supply of goods or services to customers in another state then regardless of turnover, you need to obtain the registration before commencing any interstate trade.
Inter-state Sales or Service A person who was registered under any previous law of indirect tax was required to migrate to GST, however if failed then immediately get yourself registered under GST.
We serves GST Return Filing Consultancy Services in Ahmedabad. Goods and Service Tax Returns are Mandatory for all the person/company who has obtained Registration under GST. However There are Multiple Options for availing Registration. According to type of Registration Tax Payer Required to submit their GST Return. Failing to Submit GST Return may results in Cancellation of GSTIN from the side of GST Department. In addition Late filing of GST Return Cause Heavy penalty. Therefore, We provide Complete GST Annual package where we take care of all GST Filing within Due Date.
GST Return Consultancy Services Encompass:
Document Required For GST Registration
GST Registration is a PAN based registration which is done online and for one PAN multiple GST registration can be obtained based on the location or business vertical. The registration must be applied within 30 days of, the coverage and to apply the same soft copy of documents are required. Following is the list of documents required for GST registration in India.