Welcome to Filingpoint Top most consultant for GST Registration Expert +91 72999 72500
GST is a tax that is levied on the sale of goods or services. It is collected at each stage of the supply chain and ultimately borne by the final consumer. It eliminates the multiple taxes that were levied by central and state governments as it is a comprehensive destination-based tax that is applied at a national level. It also reduces the administrative burden on business owners as it can be claimed as an input tax credit on the purchases made for the purpose of supplying goods or services to customers.
A GST registration number is a 15-digit unique identification code that can be tracked online using the GST portal. It is mandatory for businesses with an annual turnover of more than Rs 20 lakh to register under GST, irrespective of whether they are manufacturers, dealers or restaurants (not serving alcohol). Individuals who supply goods or services through E-commerce platforms or casual taxable persons also have to obtain GST registration.
Having a lawyer's insights into the process can make a significant difference, especially if there are audits or objections from the CRA, which is why it is important for any business to have an attorney who specializes in tax matters on staff or retain one for advice and support. In addition to ensuring that the proper records are kept, an experienced attorney can assist with any issues that may arise with remitting payments or defending against an objection or audit.
Contact Filingpoint GST Registration Expert +91 72999 72500
Comments
Post a Comment