GST Registration services in Postal Park is offered by various Consultancy Firms but we pay for fastest GST registration encourage in Postal Park. GST registration and GST reward Filing is being over and done with by us at affordable price and in minimum get older frame. We have the funds for Yearly and half yearly packages for return filing services hence that the burden of return filing is eased from the shoulder of clients.
What is GST?
Goods and Service Tax is an indirect tax behind VAT which is levied on supply of goods or services or both. GST similar to VAT is levied upon value addition. GST subsed various indirect taxes. Prior to GST a businessman was motivated to take various registration and was motivated to realize compliance of all those registration, which at times put new burden upon business financially. GST abolished this practice by introducing single tax for whatever 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 blamed to pay tax below reverse charge
- E commerece operator, etc.
Documents Required for GST registration
- Photograph of the Owner/Authorized Signatory.
- PAN
- Address proof of Business
- Proof of Bank Account Details as soon as Passbook, Bank Statement, Cancelled Cheque
- Authorization Letter in warfare business is control and managed by over 1 person.
FEE for GST Registration in Postal Park?
No take forward is charged by the doling out for GST registration, but consultancy final charges professional fees for applying for and obtaining GST registration
TYPES OF REGISTRATION UNDER GST
- Voluntary Registration:
Registration taken suo saying by the taxpayer without being liable for registration below the Act.
- Casual Registration:
Time bound registration taken for limited period of epoch s specified in the registration form.
- E commerce Operator:
Person operating in the thing of E commerce are compulsorily required to gain registered under the act.
- Compulsory Registration:
Person who satisfies the threshold as stipulated below the Act for getting Registered, like Turnover on or above Rs. 20 lakh
COMPOSITION SCHEME:
Available to Manufacturers, Traders and Person effective in restaurant thing having Turnover below Rs. 1 crore to get registration under this Plan and keep 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 blamed to get registered under the achievement or after the postponement of business, only after the filing of returns either monthly or quarterly as the deed may be has been finished away with.