GST registration is critical because it will enable you to avail various benefits that are available under the GST regime. One such benefit is to avail seamless input tax credit. Multiple taxes are being clubbed under GST and thus the cascading of taxes that is prevailing currently will no longer be the case.Also, timely registration will help you avoid any kind of interface with tax authorities.
Why is GST Registration important?
Good and Service ta(GST) is a consumption based tax levied on sale, manufacture and consumption on goods and services at anational level. State GST which will be levied by State government. Integrated GST which will be levied by central government on inter state supply of goods and services. The registration under GST is called the GST registration. The GST or the Goods and Service Tax is a long pending indirect tax reform which India has been waiting for. There are multiple taxes which are being clubbed under the GST scheme. GST will reduced manufacturing cost , TAX system became simpler . Experts opine that the implementation of GST would push up GDP by 1%-2%. So it is very important for make in Inidia .
Service provider of GST Registration
GST registration process will be online through a portal maintained by Central Government of India. We the Sujata Associates provide all kinds of helps to complete you the entire process. You will get perfect solution for your problem by our experts, we are one stop solution center for all. We will guide you how to submit documents required for this process; make you understand those persons liable to take registration process and many other options. So just stop being worried and give us a call.
With the implementation of GST in India, the indirect taxes would be streamlined and standardized. Under GST regime, businesses would no longer have to obtain multiple tax registration in different States or obtain a separate VAT and Service Tax registration. A single GST registration would be sufficient across India for selling or purchasing goods or providing services.
Subsumes various other taxes like Central Sales Tax, Additional Customs Duty, Purchase Tax, Luxury Tax, etc., Hence, under GST, many of the taxes in existence today would be subsumed and made into one tax. This would make tax collection and compliance easy for businesses across the country.
Currently in some states under the VAT regime, businesses are required to comply with VAT regulations once they cross an annual turnover of Rs.10 lakhs. Under GST regime, GST liability accrues only if an entity crosses an annual turnover of Rs.10 lakhs in northeast or hill states, whereas for rest of India, the threshold is set at Rs.20 lakhs
Currently, many businesses like restaurants, computer sales and services businesses have to comply with both VAT and Service Tax regulations. This creates a compliance burden on the business, as they have to calculate taxes for the transaction based on different rates for different items. Under GST, the distinction between goods and services will be gone – making doing business easy.
Digital Signatures usually come with a validity of one or two years. The validity of the Digital Signature can be renewed once the term of the previous Digital Signature expires.
GST is expected to increase the tax base in India significantly. Hence, the overall tax liability for businesses is expected to reduce overtime, as more and more businesses become compliant. Further, GST will use the latest in technology, including data from Aadhaar database, PAN database, etc., to make GST registration and GST return filing process, as seamless as possible.
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sujataassociates.com can help obtain Digital Signature in India. Digital Signature can be provided the next day after application submission.
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Digital Signature Certificate(DSC) and Director Identification Number(DIN) is required for the proposed Directors of the Private Limited Company. DIN and DSC can be obtained for the proposed Directors within 5 to 7 days.
A minimum of one and a maximum of six proposed names must be submitted to the MCA. Subject to availability, naming guidelines and MCA processing time, Name Approval can be obtained in 5 to 7 working days.
Registration documents can be submitted to the MCA along with an application for registration. MCA will usually approve the application for incorporation in 5 to 7 days, subject to their processing time.
Sujata Associate ia an accounting Firm and we are expertise in Companies Act 2013 and we help in Company Registration, Private Limited Registration , Limited Laiblity Registration , Public Limited Company Registration , Partnership Company Registration and Propriotrship Company Registration. Sujata Associates also help in Company Audit ,Maintaince of Company Accounts ,Sale Tax Return Filling and Income Tax Filling.