Goods and Services Tax is an indirect tax imposed by the government on Indian Goods and Services It is a value-added tax levied on most goods and services sold for domestic and commercial consumption. The GST is paid by consumers, but it is remitted to the government by the businesses selling the goods and services. The taxes under GST are bifurcated into three parts i.e. CGST, SGST and IGST. Jangid Associates ensures you the high level of satisfaction and timely delivery of GST Registration Certificate and better dealing with the requirement of government through its expert professionals. You may get in touch with our team on 089528-07525 or email contact@jangidassociates.com for GST registration GST Compliance services.
•Simple and easy procedure:- GST registration is a very simple and online mechanism and can be done with the help of our expert advice. The GST Registration is permanent and does not requires any renewal and can be cancelled when not required. •Input Tax credit:- Under GST the supplier becomes eligible to take credit of the GST paid by him to the earlier suppliers This in turn reduces the cost of the goods and services supplied to the ultimate consumer. •Composition scheme for small businesses:- GST composition scheme is a tax paying mechanism offered to small businesses. When compared to normal GST filing, the composite scheme offers two main benefits i.e. reduced paperwork, compliance and lower tax liability. •Less Compliances:- Under GST the compliance level is lower and has a unified return system. There is a proper online mechanism under which you can easily upload your data and file your returns without any hassle.
Supplier of Goods (Turnover Exceeding 40 Lakhs): Business having Aggregate turnover of more than Rs. 40 lakhs during financial year needs to take GST registration with terms and conditions. (Rs. 20 lakhs for North Eastern states and Rs. 10 Lakhs in special category states) Supplier of services: Aggregate turnover of more than Rs. 20 lakhs during financial year needs to take GST registration. (Rs. 10 lakhs for North Eastern states) Registered under Previous Indirect tax: Businesses registered under any previous indirect tax law Interstate supply of Goods and Services: If the entity deals in Inter-state supply of Goods and Services, needs to apply irrespective of the Turnover limit. Input Service Distributor: An Input service distributor (ISD) is a business which receives invoices for services used by its branches. It distributes the tax paid, to such branches on a proportional basis by issuing an ISD invoice. Casual taxable person: Casual taxable person is the one who occasionally supplies goods and/or services in a territory where GST is applicable but he does not have any fixed place of business such person is also required to get registered its business under GST Non-Resident taxable person: Non-Resident taxable person is a person who is not resident of country having GST and supply Goods and Services in such territory is required to get registered its business under GST. Reverse Charge Mechanism (RCM): Businesses who need to pay taxes under the RCM. E-Commerce operators and Vendors: Every e-commerce portal and vendors who are selling their products online. Notes: Special states Arunachal Pradesh, Assam, Jammu & Kashmir, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura, Himachal Pradesh, Uttarakhand