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GOODS AND SERVICES TAX Presented by swarit Advisors
INTRODUCTION OF GST REGISTRATION GOODS AND SERVICE TAX GST or Goods and Services Tax was introduced by the Prime Minister of India in an attempt to regulate prices throughout the country and remove all state or central Govt. imposed indirect taxes on goods and services by initiating GST registration in India.
GST
As per the new GST regulation, businesses whose turnover exceeds Rs 20 lakhs (10Lakhs for North East and hill states) is required to get their GST as a normal taxable person. This process is called the register for gst.
Our Advantage
VALUE AND QUALITY AT THE RIGHT PRICE Apart from the other turnover bracket, there are certain cases where GST apply online is mandatory for individuals or entities engaging themselves in the supply of goods or services across the state to get new GST registration online. One can apply for online GST Registration either as a normal taxpayer or under GST composition scheme.
WHAT IS GOODS AND SERVICE ( GST) TAX IS ALL ABOUT?
WHAT YOU NEED TO KNOW
GST
As we glare to the name, the name itself depicts that the GST will be applicable on both the goods and services following a dual system of GST keeping the work of both the Central and the State Government independently. The GST Council is headed by the Union Finance Minister and will also include various State Finance Ministers.
GST Tax Structure *0% is GST rate is applied to the most essential goods such as rice, wheat etc. The complete bifurcation of the GST tax rate applied to the different categories of goods and services can be easily accessed by just contacting us. You give us a call and our team will reach you very soon with the complete detail.
GST Registration Process
STEP - 1
STEP - 2
STEP - 3
STEP - 4
Log on to www.gst.gov.in gst apply online
select on ”Registration” from the three options “ Registration” “Payments” and “User Service”
Select “New Registration”
Fill in the details like the basic details, about the nature of applicants like taxpayer or a GST practitioner
NEXT STEPS
STEP - 5
STEP - 6
STEP - 7
STEP - 8
Fill the details like legal name of the business, location of the business, PAN of your business account
The details will be verified by the portal through an emailconfirmation and onetime password.
Submit the required documents which will depend upon the type of your business.
You will get an APPLICATION Reference Number Text to confirm the successful completion of forms.
DOCUMENTS REQUIRED FOR NEW GST REGISTRATION
PROOF OF
OFFICE ADDRESS PROOF
02
REGISTRATION OF
03
BUSINESS
INDENTITY PROOF / ADDRESS PROOF
BUSINESS BANK
01
06
ACCOUNT DETAILS
04 PAN CARD
05
RENT AGREEMENT OR LEASE AGREEMENT
FOR CAUSAL DEALER
EXISTING TAXPAYERS taxpayers registered under VAT/CST, Excise, Service tax i.e
NEW TAXPAYERS liable under the earlier tax regime are required to get their GST
Who are required to have GST Registration Certificate
A casual dealer has to pay GST in advance calculated on the estimated turnover of 90 days
FOR NON- RESIDENT TAXABLE PERSON has to apply for Online GST within five days before commencement of business
MAILING ADDRESS
PHONE NUMBER
EMAIL ADDRESS
Block H Plot No. 55, Ground Floor, Sector 63 , Noida, UP
+91-9821399320
ho@swaritadvisors.com
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