GST Registration
EOB provides easy and efficient GST registration services. We will help you get your GSTN in 3 working days. Its hassle free and quick.
Fee: Rs. 999 (All Incl).
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What is GST?
GST is known as the Goods and Services Tax. It is an indirect tax which has replaced many indirect taxes in India such as the excise duty, VAT, services tax, etc. … Under the GST regime, the tax is levied at every point of sale. In the case of intra-state sales, Central GST and State GST are charged.
Eligibility Requirements
GST Registration is mandatory for all businesses dealing in goods or services, based on their turnover being Rs. 40 Lakhs or Rs. 20 Lacs respectively. However its advisable to register for GST to avail benefits and also build a long term credit profile for your business based on your GST returns.
It’s a completely online process and can be managed efficiently. With EOB by your side, everything is just a click or call away.
ADVANTAGES
Benefits of GST Registration in India
Once the supplier of goods or services has obtained the registration under GST, he can take credit of the GST paid to the previous supplier concerning business activities. The decreased cost of inputs lowers the pricing of supplies. The registered GST supplier is also eligible to pass the ITC to the consumers.
It’s a simple online procedure. Once registered the applicant gets a registration number which is popularly called GSTIN. It’s a permanent registration and doesn’t require any renewal. However default in paying taxes or filing your returns can lead to suspension or even cancellation of your number.
As a GST registrant, you are eligible to collect taxes for services or goods sold. And you can also pass on the credit as per the laws defined.
Once you register an are allotted your GST Number, it is mandatory to file the returns on a regular basis, either monthly or quarterly. The procedures are simplified. Regular tax payers will have a higher GST compliance rating and this also helps in improving your fund raising ability as a regular tax payer.
ONLINE REGISTRATION
Documents required For GST Registration
THE PROCEDURE
It’s a simple process for GST Registration.
- Process for GST Registration online
- Collect basic information
- Collect list of documents
- Verification for correctness.
- Preparation & Filing of online application
- GST Registration Certificate post Govt Formalities
FREQUENTLY ASKED QUESTIONS
Explore GST Registration – Its formation and registration
Who is required to apply for GST number?
Following are the general criteria of mandatory registration:
- If the total business turnover exceeds ₹ 40 Lakh/₹20 Lakh in case of business of goods/providing service respectively in the concerned financial year (Threshold for North-eastern States is ₹ 20 Lakh/ ₹ 10 Lakh in case of business of goods/providing service respectively)
- Casual taxable person
- Anyone selling through e-commerce
There are other criteria when a GST registration is mandatory
What is the Government fee for online GST Registration in India?
There are no government fees for GST registration.
What are the modes of payment for GST?
Payment for the tax or any penalty, fees, etc. shall be made via any of these payment modes:
- Internet Banking
- NEFT or RTGS
Through almost all netbanking services you can connect to the GST portal and pay taxes.
Where do I apply for GST Registration?
The business entity is required to apply for GST registration at the place of business. If the business is situated in more than one state, a separate GST registration is required for each state.
FROM BLOG
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