GST Registration services in Jharkhand is offered by various Consultancy Firms but we provide fastest GST registration service in Jharkhand. GST registration and GST return Filing is being done by us at affordable price and in minimum time frame. We offer Yearly and half yearly packages for return filing services so that the burden of return filing is eased from the shoulder of clients.
What is GST?
Goods and Service Tax is an indirect tax like VAT which is levied on supply of goods or services or both. GST like VAT is levied on value addition. GST subsed various indirect taxes. Prior to GST a businessman was forced to take various registration and was forced to do compliance of all those registration, which at time put additional burden on business financially. GST abolished this practice by introducing single tax for all purposes.
IS REGISTRATION UNDER GST COMPULSORY?
GST council has put a threshold limit for GST registration. Apart from that there are various traders who are compulsorily required to get registered under this act. Some of the cases/persons where GST Registration is Compulsory:
- Person making an inter-state supply
- Person getting registered as casual taxable person.
- An Input Service Distributor.
- Person liable to pay tax under reverse charge
- E commerece operator, etc.
Documents Required for GST registration
- Photograph of the Owner/Authorized Signatory.
- Address proof of Business
- Proof of Bank Account Details like Passbook, Bank Statement, Cancelled Cheque
- Authorization Letter in case business is run and managed by more than 1 person.
FEE for GST Registration in Jharkhand?
No fee is charged by the government for GST registration, but consultancy firm charges professional fees for applying for and obtaining GST registration
TYPES OF REGISTRATION UNDER GST
- Voluntary Registration:
Registration taken suo motto by the taxpayer without being liable for registration under the Act.
- Casual Registration:
Time bound registration taken for limited period of time s specified in the registration form.
- E commerce Operator:
Person involved in the business of E commerce are compulsorily required to get registered under the act.
- Compulsory Registration:
Person who satisfies the threshold as stipulated under the Act for getting Registered, like Turnover on or above Rs. 20 lakh
Available to Manufacturers, Traders and Person involved in restaurant business having Turnover below Rs. 1 crore to obtain registration under this scheme and save themselves from the liability of monthly filing of returns. Tax is paid as a percentage of the quarterly turnover of the business. Return is also filed quarterly.
Rate of Taxes under Composition Scheme
Manufacturer – 0.5%
Trader – 1%
Restaurant Business – 2.5%
CAN GST REGISTRATION BE SURRENDERED?
Yes, GST registration can be surrenederd if the person is not liable to get registered under the act or after the closure of business, only after the filing of returns either monthly or quarterly as the case may be has been done away with.