GST Registration

Under the new tax regime of Goods and Services Tax, all persons involved in the supply of goods or services are required to obtain registration of GST. Those who are not registered under GST shall not be allowed to collect GST from customers or claim input tax credit (ITC) on inward supply. GST Council has prescribed 20 Lakhs of turnover to be the threshold limit for registration under GST. However, for north Eastern States, it is 10 Lakhs. The registration must be applied within 30 days of reaching the threshold limit. For GST, the term Aggregate Turnover means all supplies made by the taxable person whether on his own or behalf of a principal. However, in case of registered job worker, the turnover of supplies under job work won’t be included in his turnover. Registration is through online but is very tricky and should be done by professionals only.

Benefits of GST

Ease of business.
Easy tax filing and documentation.
Cascading tax effect removed.
Prices of Goods and services will be better regulated across one big India market.
Shift from unorganized to organized market.
Promotion of Digital economy

GST Registration Process

Preparation of GST REG 01 by Experts to avoid any error.
GST REG 01 is filed at gst.gov.in
Along with GST REG 01 mandatory documents are uploaded.
If all documents and information in the form is valid certificate is issued by department. Complete process would take maximum of 7 days with GPPS expert CA/CS/Lawyers you don’t have to worry about anything.

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