Goods and Services Tax (GST) Service

In India, businesses engaged in buying and selling goods/services must register for Goods and Services Tax (GST) if their annual turnover exceeds INR 40 lakh (for goods) or INR 20 lakh (for services). GST was implemented on July 1, 2017, and consolidates various Central and State taxes like Excise Duty, VAT, Customs Duty, Entertainment Tax, Luxury Tax, etc., into a single tax liability.

Key Features of GST in India

• GST has three components: CGST (Central), SGST (State), and IGST (Interstate).
• UGST applies in Union Territories.
• GST is charged based on slabs set by the Central Board of Indirect Taxes.
• NE States have a threshold exemption of INR 10 lakh.
• Small taxpayers have options like Composite GST and Voluntary GST.
• GST Registration is done online for free.
• Traders must file monthly (or quarterly for Composite GST taxpayers) GST Returns.
• Non-compliance is punishable under the CGST Act.

• Legal Compliance: Ensures that businesses remain compliant with tax regulations, thus avoiding any potential penalties.
• Input Tax Credit: Businesses can claim credits for the GST they've paid on purchases, which can then be set off against the GST charged on sales, leading to a reduction in tax liability.
• Inter-State Trade Ease: Encourages businesses to transact across state boundaries without facing tax-related challenges.
• Elimination of Cascading Effect: By removing the effect of tax being levied on an already taxed amount, the overall cost of products or services is reduced.
• Competitive Edge: Being GST compliant can instill trust in potential customers, opening up more business opportunities.
• Access to Larger Markets: Major corporations often prefer collaborating with GST-registered vendors.
• Optimized Cash Flow: Efficient management and lower tax liability can enhance the cash flow within a business.
• Enhanced Credit Rating: Maintaining a consistent and positive GST compliance record can boost a business's credit profile.
• Legal Safeguard: A GST registration protects businesses and ensures their rights are upheld.
• Simplified Compliance: The GST process is streamlined, enabling businesses to file returns and make payments online easily.
• Transparent Operations: Ensures businesses maintain accurate records, promoting a sense of trustworthiness and professionalism.

• GST Registration Consultation
• Document/Information Validation
• Application Preparation
• Submission Process
• Delivery of Results

• Applicant’s PAN Details
• Applicant’s Contact Details (Mobile Number, Email, etc.)
• Applicant’s Aadhaar Details
  • Note: Aadhaar Authentication is mandatory for New Registration since August 21, 2020.
    • Option to select YES or NO for Aadhaar Authentication
    • New registrants authenticated via Aadhaar receive Registration Certificate within 3 working days
    • Applicants avoiding Aadhaar Authentication may undergo physical verification
    • Proof of Business Registration/Incorporation Certificate
    • Promoters/Directors Details (IDs, Addresses, PP Photographs)
    • Address Proof of Place of Business
    • Bank Account Statement/Cancelled Cheque
    • Digital Signature
    • Letter of Authorization/Board Resolution for Authorized Signatory

1. Step-1) Information Collection and Consultation

   You need to provide us with the necessary information/documents required for GST Registration. Contact details, Digital Signature Certificate (DSC), and Authorization are mandatory. Aadhaar Details are compulsory. We'll assist you in gathering the required documents and provide consultation on the type of GST enrolment based on your trading criteria.

   Note: We offer Registration Services for both New and Existing Registrants.

2. Step-2) GST Online Registration Filing

   Once the documents/information are ready, we'll process the GST Registration Application and update you for approval. We may require your assistance in accessing the Official GST Portal and filling the proper data. Once finalized, we'll attach the required documents, applicant's Digital Signature, and prepare it for submission.

3. Step-3) Submission

   We'll submit your GST Online Registration Application. Upon successful submission, you'll receive an ARN (Application Reference Number) in your registered mobile and email.

4. Step-4) Delivery

   After review, verification, and approval by the concerned Department (physical verification for those not opting for Aadhaar Authentication), you'll receive the GST Registration Certificate with GSTIN (unique GST identification number) for future use.

5. Step-5) CONGRATULATIONS!!

   Your GST Registration is complete. You're now liable to comply with GST Regulations as per guidelines. We'll assist you whenever needed.