online gst registration
All you need to know about GST Registration
GST Registration is applicable on all goods and services
except Petroleum products as of now. GST (Goods & Service Tax) is a
consolidated tax, which essentially means that State and Central Indirect taxes
have been merged. Entire country now operates under a uniform tax system. It
now replaces service tax, excise, VAT, entertainment tax, luxury tax, octroi,
CST etc.
GST Registration Process in India is completely online. It
requires no manual intervention or no physical paper submissions. A very simple
procedure has been prescribed for GST Registration.
GST Registration is compulsory for traders, manufacturers,
businesses, individuals, professionals etc, whose turnover (sales) exceed INR
20 Lakh. If your sales are less than INR 20 Lakh, you may also voluntarily opt
for GST Registration in case you wish to avail the benefits of Input Tax
Credit. In northeast states, this limit is INR 10 Lakh. Further, all persons who make interstate
purchase or sales of services or goods have to apply for GST registration. Above
limits do not apply to them.
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Registration services. Find out here how to get GST number, how to apply for
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ReplyDeleteHi. GST Registration is a process that needs to be followed in order to register your goods and services under GST. It is very important to know the gst verification, because it will help you get a number of benefits and advantages.
ReplyDeleteGST Enrolment - Most goods and services sold for domestic consumption are subject to the goods and services tax (GST). With credits available for taxes paid at previous stages, it is essentially a destination-based tax levied at all stages of production and right up to final consumption. In this case, only value addition will be taxed, which will place the burden of tax on the final consumer.
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