GST REGISTRATION

The Goods and Services Tax is the most important indirect tax reform, integrating all other taxes under a single tax structure.

What is GST Registration? And how “Digital Solution Point” will help you for GST registration?

The GST regime means that products and services are taxed under a law known as the Goods and Services Tax Act. Tax is levied on an amount. The collection is then divided between the central and state government in the name of CGST and SGST or IGST.

If you want to get GST registration done then contact “Digital Solution Point”. We are ready to assist you 24X7.

Know some information about GST which is as follows:-

Limit for registration – The required registration under GST is required for companies based on factors of business or activities. Companies dealing in goods or providing services will have to submit an application GST Registration GST Registration if the total annual turnover exceeds Rs 40 lakh and Rs 20 lakh respectively. But for businesses manufacturing products and services in the North Eastern states, the same amount is the case for businesses in the North Eastern states. 20 lakhs and 10 lakhs for North Eastern states. 10 lakhs respectively. Most of the dealers also have the option of self-registration under GST due to its benefits.

The GST registration process in India is completely an online process. GST registration ensures smooth flow of input tax credit, apart from being recognized as an authorized supplier.

Benefits of GST – If a provider of products or services has received the required registration under GST and has been granted GST registration, the supplier can claim credit for the GST that has been paid to the former supplier for conducting business. had gone. The lower price of inputs lowers the cost of supply. The GST registered supplier is also able to transfer ITC to the consumers.

Permanent Registration which is simple and easy to remember – With the help of LW experts the process of online registration has been simplified. After registration, a certificate is issued to the person applying for registration stating the GSTIN, the GST Identification Number also known as the GSTIN. The grant of registration is permanent and does not require renewal.

Legally recognized as a supplier – The seller is legally able to collect tax if you register your business as a voluntary or compulsory partner under GST. Additionally, the provider may transfer the tax credit. Voluntary registrants have also been given the same rights and responsibilities as registered taxpayers under the mandatory requirements. Through this registration the registrar is also able to issue permanent challans to the customers.

Simple Compliance of Requirements – Post registration, each participant is accountable for compliance requirements in the form of filing returns on a regular basis. This compliance requirement has been reduced under the GST regime. The GST regime also proposes to simplify compliance by a single return with multiple filings. A regular taxpayer will get a higher GST compliance score as compared to other taxpayers.

Documents Required for Online GST Registration :-

  1. Photo
  2. Pan and aadhar card
  3. Business address proof
  4. Rent agreement
  5. Bank statement
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