GST Services
  • GST Registration

    • From 1st July, 2017 GST will replace Central and State level indirect taxes like Value Added Tax, Service tax, Central Excise etc. Businesses that are registered under VAT or Service Tax need to migrate to GST as per the enrolment plan of State Governments. The enrollment for GST will ensure smooth transition to the GST regime.Under the new GST regime, GST registration would be required for all enterprises involved in the buying or selling or delivery of services exceeding Rs.10 lakhs a year in north-eastern and hill states, while the limit is Rs.20 lakhs for rest of India. 

    Legal Suvidha Experts will guide you on the applicability and compliances under GST for your business. They will assist you on the procedural formalities to get registered and secure your Goods and Service Tax Identification Number (GSTIN). Legal Suvidha Providers can help you obtain GST registration in India. The average time taken to obtain GST registration is about 5 - 7 working days, subject to government processing time and client document submission.

     

    Advantages of GST Registration

    SINGLE PLATFORM

    With the implementation of GST in India, the indirect taxes would be streamlined and standardized. Under GST regime, businesses would no longer have

     to obtain multiple VAT registration in different States or obtain a separate VAT and Service Tax registration. A single GST registration for respective

    state(s) in India from where the supply of goods and/or services will be suffiicient.

    ONE NATION ONE TAX

    GST subsumes various other taxes like Central Sales Tax, Additional Customs Duty, Purchase Tax, Luxury Tax, etc., Hence, under GST, many of the

    taxes in existence today would be subsumed and made into one tax. This would make tax collection and compliance easy for businesses across the country.

    EASE OF DOING BUSINESS

    Currently, many businesses like restaurants, computer sales and services businesses have to comply with both VAT and Service Tax .

    This creates a compliance burden on the business, as they have to calculate taxes for the transaction based on different rates for different items.

    GST won’t make the distinction between goods and services which will in turn leads to relief to the business.

    INCREASE TAX PAYERS VOLUME

    GST will work on value addition concept and it is expected that new registration will come in existence to take to benefit of Input Tax in Transaction

    chain. GST allows seamless flow of input tax credit.

    LOWER TAXES

    Currently in some states under the VAT regime, businesses are required to comply with VAT regulations once they cross an annual turnover of Rs.5 lakhs.

    Under GST regime, GST liability accrues only if an entity crosses an annual turnover of Rs.10 lakhs in northeast or hilly states,

    whereas for rest of India, the threshold is set at Rs.20 lakhs which ultimately leads to lower tax payment



    GST RETURN FILING

    Every person registered under GST Act has to periodically furnish the details of sales, purchases and tax paid and collected theron by filing return with GST Authorities. Before filing any return payment of tax due is pre requisite otherwise such return will be invalid.

    Under the new GST regime, GST registration would be required for all enterprises involved in the buying or selling or delivery of services exceeding Rs.10 lakhs a year in north-eastern and hill states, while the limit is Rs.20 lakhs for rest of India. All entities having GST registration would be required to file GST returns. GST return filing would be mandatory for all GST registered entities irrespective of if there was any activity / sale during the return filing period. Every Registered taxpayer will be required to furnish three returns monthly and one annual return. Similarly, there are separate returns for a taxpayer registered under the composition scheme, taxpayer registered as an Input Service Distributor, a person liable to deduct or collect the tax (TDS/TCS). 

    GST ADVISORY—WE CAN HELP YOU WITH ALL YOUR GST AFFAIRS

    Are you starting your business operations in India? Don’t know much about the GST Taxation system? Looking for a professional GST advisory service provider who can assist you with all your GST affairs? If yes, then look no further! We have a team of GST experts who will offer you the best advice and guidance pertaining to the GST system and provide best GST IT Advisory.
    Legal Suvidha Providers conducts various workshops that are designed to equip participants with the knowledge of the proposed GST legislation. It is designed for practical application and easy learning in order to be prepared for GST implementation.
 
 
 
 
     
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