Consultants for GST Registration in India

Whether you are new to business or have been operating for a long time, it is important to understand the GST registration process. It will make your life a lot easier and save you a lot of trouble.

The Goods and Services Tax or 'GST' is an indirect tax that is being implemented in India by the government. It replaces most of the existing taxes and levies that are applied by the Central and state governments.

If your turnover exceeds INR 20 lakhs (Rs 10 Lakh for North Eastern and Hill States) or if you have registered under any earlier law, you will need to register with the government for GST.

There are two components of the GST system - Central Goods and Service Tax and State Goods and Service Tax. In the first component, CGST is levied and deposited with the central government on all intra-state supplies of goods or services.

In the second component, SGST is levied and deposited with your State government. It is also applicable on inter-state supply of goods or services.

A GST Registration is beneficial for customers, businesses and government alike. It provides legal recognition and helps bring uniformity in accounting of taxes. It also allows for input tax credit which can be utilized to pay taxes on further supplies.

In addition, registering for GST can help you formalize your business and get loans from banks and NBFCs. The process can be complicated and time consuming but can also be simplified with the help of a consultant.

A tax consultant will help you complete the entire process from submitting the application, the required procedures to filing your returns and completing other formalities in the portal. They will also answer any queries you have regarding GST and ensure that you get the best possible results.

Tel:+917299972500

info@filingpoint.com

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