All About GST Registration Process in Indiranagar

  • GST Registration in Indiranagar also refers to the process for the businesses which are involved in selling and buying goods and services that are mandatory need to register for GST. Following this process is compulsory for businesspersons having turnover of more than Rs. 20 Lakhs for the services and Rs. 40 Lakhs for the supply of the goods. In spite of this, businesses who are involved in the other state supply of goods or those making taxable supplies on that person’s behalf also need to go through the GST registration process which is mandatory.

     

    For most businesses in Indiranagar, GST registration is mandatory. Generally, it will take two to six days for the registration process to be finished. After this, the business without registering it under GST is an offense and can lead to huge penalties.

     

    Who All Should Register for GST?

    GST Registration services provider in Indiranagar which will provide you the proper Guidance that follows these business entities/individuals that are eligible for GST registration:

     

    Businesses which are having turnover beyond the bandwidth limit of INR 40

    Individuals who are registered under several tax laws (excise, service tax, VAT) before the GST laws have come

    Casual taxable person

    Agents who work for a service distributor or a supplier

    Individuals paying tax under the liability to pay tax is on the recipient of supply of goods or services.

    E-commerce aggregators

    Suppliers who are all working with e-commerce aggregators

    Non-resident Indian taxable person

    TDS/TCS deductors

    Access service provider or Online data retrieval

    What are the Benefits of GST Registration?

    GST Registration Consultants in Indiranagar come with various benefits for business entities or individuals. Given below are some of the important benefits which are used for registering as a GST taxpayer:

     

    GST registration serves as proof that acknowledgment for your business tells us your business is certified for the provision of services and goods.

    You get the direct right to collect tax from your customers and pass on the credit of the paid taxes to the suppliers or the customers.

    You can also get the benefit of a composition scheme under GST to reduce the huge burden of compliance, as being a small taxpayer.

     

    What are the Documents Required for GST Registration?

     

    Given below is the list of documents that must submitted for GST registration:

    Applicant’s PAN Card

    Partnership deed or certificate of incorporation

    Address proof of the business place

    Aadhar Card

    Cancelled Cheque or Bank Statement of the firm, individual, or company.

    Identity and Address proof of promoters and partners along with photographs

    Digital signature

    Resolution signed by board members.

     

    What are the fines and Penalties Charged for not choosing for GST Registration?

    Any person who purposely avoids registering under the GST regime will have to pay a penalty of 100% of the tax due or ten thousand rupees, which is very very higher. Similarly, those who purposely avoid filing GST returns are responsible to pay a penalty of tax due, which is subject to a minimum penalty of ten thousand rupees.

     

     

    How to Apply for GST REGISTRATION Services in Indiranagar?

     

    Do you want to get a GST REGISTRATION Services in Karnataka? then we are here to help you, we are the top company incorporation service provider in Bangalore. feel free to send your inquiry to info@consultry.in or feel free to contact: 7975187793 or visit https://www.consultry.in/