Introduction
Goods and Service Tax (GST) is an indirect tax levied on the supply of goods and services. It is applicable to you if you are into Manufacturing, Trade, E-commerce or Services.This law has replaced many indirect tax laws that previously existed in India. It came to effect from 01 July, 2017.
- Selling your goods or services online (like selling on Amazon and Flipkart)
- Any Entity or Person providing goods/services in more than one state
- Those paying tax under the reverse charge mechanism (RCM)
- Any Business having annual turnover more than ₹40 Lakhs Per Annum
- Any Business having turnover of ₹10 Lakhs for North Eastern States
- If you are providing services and goods outside India.
- Casual taxable person / Non-Resident taxable person
- Agents of a supplier & Input service distributor
- Person supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered taxable person
- Individuals registered under the Pre-GST law (i.e., Excise, VAT, Service Tax etc.)
Service Includes
- GST registration
- Invoice generation guidance
- Due dates Guidance
- Return filing guidance
- Update Bank account details at GST site
- Business Hours CA Support – Email, Phone, WhatsApp
Required Documents
- PAN
- Aadhaar
- Product/Service details
- Address proof of the place of business
- Trade name in case of Individual
- Identity and Address proof of Promoters/Director with Photographs
- Consent letter if premises is taken on rent
- Bank Passbook/Bank Statement/Cancelled cheque
- Letter of Authorization/Board Resolution for Authorized Signatory
Frequently ask questions
Yes, you are liable to register if the aggregate turnover (all India) is more than ₹40 (₹ 10 lacs in Special Category States) or you are engaged in inter-State supplies.
Outward supplies on which tax is paid on reverse charge basis by the recipient will be included in the aggregate turnover of the supplier.
If services are being provided from Nasik then registration is required to be taken only in Maharashtra and IGST to be paid on inter-state supplies.
A person dealing with 100% exempted supply is not liable to register irrespective of turnover.
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