GST REGISTRATION IN KARUR @ Rs 750
Contact Us
- GST Registration
- Partnership Firm Registration
- OPC Registration
- LLP Registration
- Pvt Ltd Company Registration
- Trademark Application
- Copyright Application
- Patent Application
- Design Application
- Digital Signature Certificate
- Udyam Registration
- Import and Export Code
- Website Designing
- SEO & Digital Marketing
Get GST registration in Karur@750. Gst stands for Goods and Service tax. It signifies one tax policy for the whole nation. India follows dual GST models which are administered by both union and state governments. When the buyer gets the product and pays for it, within 180 days from the time the invoice is released the GST can avail the input tax credit on the tax paid for the respective purchase. The calculation of GST at various supply chains is now easy. The end user has to pay less tax and so it encourages the producers. The PAN India operations are also encouraged due to GST. The cascading effects get eliminated by the GST Registration in Karur and if have branch or factory in other part of tamilnadu can add as branch to GST registered in Karur.
Inventory and stock audit is the base one for the GST registered clients in Karur. Inventories are one of the business assets to be maintained regularly. They are the obligatory assets and a helpful one for the tax filing. Inventory is maintained in the ordinary course of business held for manufacturing and sales process. The material and supply relating cost and quantity are related to the inventory and stock audit purpose. Inventories are commonly in the form of finished goods, raw materials, semi- finished goods, and supply products.
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 in Karur
For Proprietorship
- Copy of PAN
- Copy of Aadhaar
- Passport size photo
- Rental agreement
- Electricity bill
- Premises Ward Number
These documents are necessary for online GST registration.
For Partnership
- Partners PAN and Aadhaar
- Partner’s photo
- Authorization letter
- Rental agreement
- Electricity bill
- Premises Ward Number
The above listed documents are necessary for GST registration process.
Private limited
- Certificate of incorporation
- Board resolution
- Authorization letter
- Rental agreement
- Electricity bill
- Premises Ward Number
These documents are necessary for online GST registration process.
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.