GST REGISTRATION IN ERODE @ Rs 250
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Get GST registration in [email protected] is the primary step of the company or any other business to commence further. Business relating expenses are sometimes deductible or non-deductible with regard to GST. Capital expenditure is keenly taken into account for GST return filing procedure.
GST return filing is vital one since it involve transaction of Good and services supplied. Personal and other asset calculations are maintained under the broad category of income tax. Inventories, trading income, option of the tax payment opted by the business entity are the essential one in the Gst Registration in Erode and elsewhere in India.
Organizations have turnover of more than INR 40 lakh in India need to register GST. If the service provider turnover crosses twenty lakh. In case of north-eastern and sloping states, the value is 10 lakh, however for organizations doing trading within the state having a turnover of say 30 lakh, Gst registration is not needed., Once the GST is registered if the business entity changed its place of business from Erode to Trichy or change of partner then have to make amendment to the core field this requires the approval of the authorities and other cases where the changes to be made is not much important in that case amendment to the noncore field is filed.
A person is liable to be registered in GST:
If he is mandatorily required to be registered under GST or- If he is making a taxable supply of goods or services or both and his aggregate turnover under same PAN in the entire country exceeds the thresholds limit as provided in GST.
A person would have to register himself within 30 days from the day when be become liable to be registered. Once a person is registered under GST, then any activity carried out by him would fall under the definition of supply unless specifically excluded under the law.
Documents required for GST registration?
Proprietorship
- Copy of PAN
- Copy of Aadhaar
- Passport size photo
- Rental agreement
- Electricity bill
- Premises Ward Number
Partnership
- Partners Pan and Aadhaar
- Partner’s photo
- Authorization letter
- Rental agreement
- Electricity bill
- Premises Ward Number
Private limited
- Certificate of incorporation
- Board resolution
- Authorization letter
- Rental agreement
- Electricity bill
- Premises Ward Number
What is the mandatory requirement for registration under GST?
For supplier of service: If current turnover in terms of supply of service exceeds Rs. 20 lakhs, it is mandatory to obtain GST Registration (20 lakhs limit is for a period of one year) For example- if turnover in the first year of formation of entity is less than 20 Lakhs need not register GST. In the next year, if turnover exceeds 20 Lakhs for that year. its mandatory to register GST.
For Sale of Goods: Supplying goods to other state, need to apply for GST registration irrespective of the turnover and also online supplier of goods or service provider to customers in other State will have to registration under GST. If the supply of Goods is within a state need not register GST until the turnover exceeds 40 Lakhs in a year.
E-commerce operator: A person who owns, operates a digital platform for e-commerce business such as Amazon, Ebay, flipkart etc need to apply for GST registration instantly irrespective of the turnover.
Voluntary registration: Any person can apply GST registration voluntarily even without exceeding the turnover limit, But have to compulsorily do put GST invoice for the sale of goods or supply of service.
Casual gst registration : Casual tax payer is given special care under GST regime. The GST Act explains a casual tax payer as an entity which seasonally undertakes business activity which involve either sale of goods or Supply of service or do undertake both the activities in a State without having permanent place for business. such entities setting up temporary business in Malls, Trade fairs or expos or road side shops or any seasonal business entities those entities will fall under casual tax payer in GST Act. Application for registration as Casual tax payer should be made 5 days prior to the commencement of business The validity of Casual tax registration is the date mentioned while applying for registration or 90 days from the date of registration whichever is earlier. Can apply for further extension before the expiry of term mentioned above.
Registration of GST under Composition Scheme:
Composition Scheme is provided for small taxpayers in order to reduce their burden in tax compliance. This scheme provide the small taxpayers to pay at a specific percentage on their annual revenue as a tax.