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In the existing GST regime Cheap Joejuan Williams Jersey , any business which has a turnover of more than Rs. 40 lakhs is required to register as a normal taxable person. This particular procedure of registration is referred to as the GST registration. For some businesses, GST registration is mandatory. If a particular organization carries on business without registering under GST Cheap N'Keal Harry Jersey , then this is considered as an offence under GST & heavy penalties are likely to be applied. You can opt for a new GST registration in Indirapuram from the best tax consultant based out there.
GST registration usually takes around 2-6 working days and this can be completed in 2-6 working days.
Who should register for GST?
鈥?Individuals who are registered under the Pre-GST law (i.e. VAT, Excise Wholesale New England Patriots Jerseys , Service Tax etc.)
鈥?Those businesses with a turnover above the mentioned limit of Rs. 40 lakhs.
鈥?Non-residential taxable personcasual taxable person
鈥?Agents of an Input service distributor or a supplier
鈥?Every nature of e-commerce aggregator
鈥?Persons who are supplying database access and online information or retrieval services from any place outside India to someone in India
What is the GST registration process?
The Goods and Services Tax (GST) Registration services help you in getting your business GST registered and also to obtain the GSTIN for your business.
The GST registration near me in Indirapuram will guide you on the compliances and applicability for your business and opt to get your business registered under GST.
Documents required for the purpose of GST Registration
鈥?PAN of the applicant
鈥?Aadhaar card of the applicant
鈥?Proof of the business registration or incorporation certificate
鈥?Identity and address proof of the promotersDirectors with photographs
鈥?Address proof of the business place
鈥?Cancelled chequeBank account statement
鈥?Digital signature
鈥?Board ResolutionAuthorization Letter for Authorized Signatory
Penalty for not actually registering under GST
An offender who is not paying the tax or making just short payments has to mandatorily pay a penalty of 10% of the tax amount and the minimum due would be Rs. 10,000. This penalty will increase to 100% when the concerned offender deliberately evades the paying of taxes.
Benefits of registering for GST
There are several benefits of registering for GST. They are enlisted below:
A. For the normal registered businesses
1. Taking the input of tax credit
2. Making interstate sales without any restrictions

B. For the composition dealers
1. There is absolute limited compliance for the composition dealers when they register for GST
2. There is a lesser tax liability Wholesale Patriots Jerseys ,
3. The business is subject to higher working capital.

C. For those businesses which voluntarily opt-in for GST registration
1. Taking input tax credit
2. Making interstate sales without any restrictions
3. Registering on e-commerce websites
4. Having a competitive advantage as compared to the other similar businesses

GST registration comes with a lot of benefits and is crucial for your business. You can opt for new GST registration in Indirapuram and give your business a new dimension and reorganization.
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