Swarit Advisors
GST or Goods and Services Tax was introduced by the Prime Minister of India in an attempt to regulate prices throughout the country and remove all state or central Govt. imposed indirect taxes on goods and services by initiating GST registration in India.
Our Hon’ble Prime Minister, i.e. Mr. Narendra Modi, started a new taxation era by launching the Goods and Service Tax (GST) model in India. It was an attempt to administer prices all over the country and also to remove both the central and state government taxes imposed on the goods and services. Further, all the indirect taxes imposed were removed by beginning a new epoch of GST registration.
According to the newly started GST regulation, all the businesses whose annual turnover exceeds the threshold of rupees twenty lakhs are needed to get their registration for Goods and Service Tax (GST) done like a normal taxable person. Further, the maximum threshold for mandatory registration is reduced to ten lakhs for both the North-Eastern and hilly states. Lastly, the procedure for apply to GST Registration.
Besides the prescribed bracket for annual turnover, there are certain cases the businesses must apply for GST registration. These businesses are those which are mainly engaged in some supply of some specific goods and services. Further, an individual can apply for GST registration of his business either as a normal taxable person or under the GST Composition Scheme.
The name Goods and Service Tax (GST) itself declares that it will apply to both the goods and services. Further, this model acts as a dual system, as it works for keeping both the state and central government independent of each other. Lastly, the GST council is chaired by the Union Finance Minister, and it also includes State Finance Ministers.
*Documents Required for GST Registration
*
AADHAR Card, Voter ID, Driving License for the identity and address proof
Partnership deed and registration certificates as proof for business registration
AADHAR card, Phone bill, Utility bill, Electricity bill, Water bill, as address proof for the registered office
Bank account details of the business
Lease agreement or the rent agreement for the property used as the registered office
For More Information, Visit by clicking on - https://swaritadvisors.com/gst-registration
GST Return Filing is mandatory monthly or quarterly for people, businesses registered under GST Act. Goods and Service Tax law now governs the major portion of the indirect tax system in India. Apply for Online GST Return Filing in India
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