Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India. GST is a comprehensive tax system that replaced several indirect taxes like excise duty, service tax, VAT, etc. The introduction of GST has helped streamline the tax system, making it simpler and more transparent for businesses and individuals alike. Here are some of the GST services that are available in India:
GST Registration: GST registration is mandatory for businesses with an annual turnover of over Rs. 40 lakhs. Businesses can also opt for voluntary registration if their turnover is below this threshold. GST registration can be done online through the GST portal. Once registered, businesses receive a unique GST identification number (GSTIN).
GST Returns Filing: GST returns must be filed periodically by businesses registered under GST. The frequency of return filing depends on the turnover of the business. GST returns can be filed online through the GST portal or through a GST service provider.
GST Compliance: GST compliance involves adhering to the rules and regulations of GST. This includes timely filing of GST returns, accurate calculation of GST liability, and maintaining proper records of transactions.
GST Audit: GST audit is conducted to verify the accuracy of the GST returns filed by a business. GST audit is mandatory for businesses with an annual turnover of over Rs. 2 crores. GST audit can be conducted by a GST auditor appointed by the business or by the GST department.
GST Consultancy: GST consultancy services are available to help businesses understand and comply with GST regulations. GST consultants provide guidance on GST registration, return filing, compliance, and other GST-related issues.
GST Refunds: GST refunds can be claimed by businesses for excess GST paid or for input tax credit (ITC) accumulated. GST refunds can be claimed online through the GST portal.
GST Training: GST training is available for businesses and individuals to understand the nuances of GST. GST training helps in better compliance and avoids errors while filing GST returns.
In conclusion, GST has simplified the tax system in India, but it requires businesses to comply with the regulations and file their GST returns on time. Several GST services are available to help businesses with their GST-related needs, and it is advisable to seek professional help for better compliance.
GST REGISTRATION SERVICES
DOCUMENTS REQUIRED
1 - FOR SOLE PROPRIETORSHIP :
1.0 - MSME OR SHOP & ESTABLISHMENT
1.1- INDIVIUAL PAN CARD
1.2- ADHAAR CARD
1.3- PASSPORT SIZE PHOTO
1.4 - EMAIL ID AND MOBILE NO.
1.5 - RENT AGREEMENT AND NOC FROM LANDLORD
1.6 - ELECTRICITY BILL OF SHOP OR OFFICE PREMISE
2- FOR PARTNERSHIP FIRM
2.0 - PARTNERSHIP DEED
2.1- FIRM PAN CARD AND PARTNERS PAN CARD
2.2- ADHAAR CARD OF PARTNER
2.3- PASSPORT SIZE PHOTO OF PARTNER
2.4 - EMAIL ID AND MOBILE NO.
2.5 - RENT AGREEMENT AND NOC FROM LANDLORD
2.6 - ELECTRICITY BILL OF SHOP OR OFFICE PREMISE
2.7 - AUTHORIZATION LETTER
3- PRIVATE LIMITED COMPANY
3.0 - CERTIFICATE OF INCORPORATION
3.1- COMPANY PAN CARD
3.2 - PAN CARD AND ADHAAR CARD OF DIRECTORS
3.3- MOA
3.4- PASSPORT SIZE PHOTO OF AUTHORIZED DIRECTOR
3.5 - EMAIL ID AND MOBILE NO.
3.6 - RENT AGREEMENT AND NOC FROM LANDLORD
3.7 - ELECTRICITY BILL OF SHOP OR OFFICE PREMISE
3.8 - AUTHORIZATION LETTER
3.9 - DSC (DIGITAL SIGNATURE CERTIFICATE)
EXPECTED TIME OF APPROVAL: 20 DAYS
