Category Archives: GST News

  • 11
    Apr 23
  • 0

GST Registration in New Delhi

Category:GST News,GST Portal,gst registration Tags : 
GST Registration in New Delhi

Goods and Services Tax (GST) is an indirect tax that has replaced multiple other taxes, such as excise duty, service tax, and value-added tax (VAT) in India. It was implemented on July 1, 2017, and since then, it has been mandatory for businesses with a turnover of more than Rs. 40 lakhs to register for GST. In this article, we will discuss the process of GST registration in New Delhi.

Step 1: Determine the Eligibility Criteria

Before applying for GST registration in New Delhi, it is important to determine whether your business is eligible for it or not. Businesses with an annual turnover of less than Rs. 40 lakhs are not required to register for GST. However, if your turnover exceeds this limit or if you are engaged in inter-state trade, you must register for GST.

Step 2: Gather the Required Documents

To apply for GST registration in New Delhi, you will need to gather the following documents:

  1. PAN Card
  2. Aadhaar Card
  3. Business Registration Document (Partnership deed, Certificate of Incorporation, or any other relevant document)
  4. Proof of Business Premises (Rent agreement or ownership document)
  5. Bank Account Details
  6. Digital Signature Certificate (DSC)

Step 3: Register Online

Once you have gathered all the required documents, you can register for GST online through the GST portal. To do so, follow these steps:

  1. Go to the GST portal (www.gst.gov.in) and click on the ‘New Registration’ option.
  2. Select the ‘Taxpayer’ option and enter your PAN, email address, and mobile number.
  3. Enter the OTP sent to your mobile number and email address.
  4. Fill in the required details, such as business name, address, and bank account details.
  5. Upload the required documents and submit your application.
  6. You will receive an Application Reference Number (ARN) on your registered mobile number and email address.

Step 4: Verification

After submitting your application, the GST department will verify the details provided by you. If any additional documents are required, you will be notified via email or SMS. Once the verification is complete, you will receive your GSTIN (GST Identification Number) and your registration certificate.

In conclusion, registering for GST is mandatory for businesses with a turnover of more than Rs. 40 lakhs in India. To register for GST in New Delhi, you must determine your eligibility, gather the required documents, and apply online through the GST portal. Once your application is approved, you will receive your GSTIN and registration certificate, allowing you to legally conduct business and claim input tax credits.

  • 10
    Apr 23
  • 0

GST Registration in Kirti Nagar

Category:gst registration,GST News,GST Portal Tags : 

Goods and Services Tax or GST is an indirect tax system in India that has been implemented to simplify the taxation system and bring about a uniform tax structure across the country. Any person or entity that engages in the supply of goods or services in India is required to obtain GST registration.

In this article, we will discuss GST registration in Kirti Nagar and the various aspects related to it.

What is GST Registration?

GST registration is mandatory for all businesses that are involved in the supply of goods and services in India. It is a process through which a business obtains a unique GST identification number. This number is used for filing GST returns and for claiming input tax credit. GST registration is compulsory for businesses with a turnover of over Rs. 40 lakhs. In case of businesses located in the North Eastern and hilly states, the threshold limit for GST registration is Rs. 10 lakhs.

GST Registration Process in Kirti Nagar:

The process for GST registration in Kirti Nagar is similar to that of other states in India. The following steps need to be followed for GST registration:

Step 1: Visit the GST Portal

The first step is to visit the GST portal at https://www.gst.gov.in/. On the homepage, click on the “Services” tab and select “Registration”.

Step 2: Fill in the Details

The next step is to fill in the details required for GST registration. This includes the name of the business, PAN number, email address and mobile number.

Step 3: Upload Documents

The next step is to upload the required documents. This includes PAN card, proof of address, bank details and business registration certificate.

Step 4: Verification

Once the application and documents are submitted, the GST department will verify the details and documents. If everything is in order, the GST department will issue a unique GST identification number.

Step 5: GST Certificate

After verification, the GST department will issue a GST certificate. This certificate contains the unique GST identification number and other details such as the name of the business, address and date of registration.

Benefits of GST Registration:

There are several benefits of obtaining GST registration in Kirti Nagar. Some of the major benefits are:

Legitimate Business Operations: GST registration ensures that a business is operating legally and in compliance with the law.

Input Tax Credit: GST registration allows businesses to claim input tax credit on the taxes paid on goods and services purchased for business use. This helps to reduce the overall tax liability of the business.

Increased Credibility: GST registration enhances the credibility of a business and makes it easier to obtain loans and other financial assistance.

Easy Compliance: GST registration simplifies the compliance process and makes it easier for businesses to file returns and maintain records.

Better Supply Chain Management: GST registration helps businesses to better manage their supply chains by providing clarity on taxes and reducing the overall tax burden.

Conclusion:

In conclusion, GST registration is mandatory for all businesses that are involved in the supply of goods and services in India. The process for GST registration in Kirti Nagar is simple and can be completed online. GST registration provides several benefits such as input tax credit, increased credibility, easy compliance and better supply chain management. Businesses should ensure that they obtain GST registration to operate legally and benefit from the advantages of the GST system.

  • 24
    Dec 22
  • 0

GST Registration in Wazirpur

Category:gst registration,GST News,GST Portal Tags : 
gst registration in wazirpur

GST Registration in Wazirpur, Delhi

GST is an indirect method of levying tax on the supply of goods and services. It replaces all except a few other indirect and state taxes. Everything is now under GST except oil, gas and petroleum products. It is a very comprehensive taxation system, where entities are taxed at multiple supply chain stages till their final destination.

What is GST registration?

Every business in Wazirpur with an annual turnover of more than Rs 4 lakh (capped at Rs 1 lakh for North East and Hill businesses) must register with reg.gst.gov.in, just as it must on the Income Tax website. , The whole process of registering a business is called GST registration. The entire process takes 2-5 working days to complete, and if business owners in Wazirpur don’t want to do it themselves, there are a number of agencies that help businesses register in Wazirpur. Certain businesses in Wazirpur are required to register for GST regardless of their income. Suppose an organization carries on business without GST registration but earns more than Rs 40 lakh. The business will be registered under the GST Offenses Act and may have to pay heavy fines.

GST Registration Process in Wazirpur
There are different types of registration for general taxpayers such as general taxpayers and operating businesses. Let us learn about the GST registration process in Delhi.

Once you visit the GST portal, click on the New Registration option. Open a form and do OTP verification for the first time after each filling step before moving to the next step. Once the OTP is verified, a TRN number is generated for each new registration. Since the filling process is lengthy, this generated TRN number lets users open the draft saved version of the form and continue from where they left. The next step is to provide business and sponsor information. At the final stage, the power of attorney, letters and other documents are submitted. We will discuss the required documents in a later step. Finally, complete the application verification and once everything is successfully completed, an application reference number receipt will be sent to your email ID. With this, you have completed the GST registration process.

Documents Required for GST Registration in Wazirpur and Types of GST Registration

The documents required for GST registration in Wazirpur are as follows:

Passport photograph of the applicant and photograph of the authorized signatory

  • PAN Card of the applicant
  • Aadhar Card of the applicant
  • Photograph of the applicant
  • Phone number and Email id
  • Proof of address (Electricity Bill/Rent Agreement/Noc letter)
  • Cancelled cheque/ Bank Passbook

We are already aware of the GST registration restrictions in Delhi. Obviously, those businesses which were registered as tax-paying entities before the GST era are also automatically subject to GST. Composite taxpayers who are registered taxpayers can pay flat GST rate.

Temporary taxpayers are for small traders who own seasonal shops or stalls or roadside vendors. Lastly, for NRIs doing business in Delhi, are known as non-resident taxpayers. The GST registration process in Wazirpur is almost the same for all these different types of categories with minor differences.

How can we help you?

We GST Profits can help you through the hectic process of finding an experienced. You have access to the best GST expert in Wazirpur without leaving your home. We provide you expert contact who can answer all your queries like t- Which Registration is suitable for your business. Please feel free to contact us at gstprofits.com and we will assist you in finding the correct  service provider for your business.

Additionally, tax compliance requirements have changed dramatically after the implementation of GST. Our in-house team of GST experts will help you with all your GST compliance requirements from filing returns to filing and processing information. You just need to send your query by mail to mail@GstProfits.com and we will solve any query related to legal matters.

  • 17
    Dec 22
  • 0

GST Portal Update: All taxpayer will be able to get activate suspended GST number again without having to move around, follow this tricks

Category:GST News,GST Portal Tags : 

By amending the GST Portal on behalf of the central government, traders can get back suspended GST number through the cancellation process. This will give traders a sigh of relief. Earlier, traders had to visit the sector amid suspension of numbers. But thanks to an update from the central government, merchants can now revoke numbers on their own.

Confederation of All India Traders said these traders/ taxpayer who failed to file GST registration returns have been suspended by the department by issuing notices showing cause. They will benefit from this facility.

Among them are those traders who have not responded to the show reason notification and have submitted all pending returns (eg GST R1, GST R3B) on the portal and their registration has not been revoked. He will be able to revoke his GST registration by himself by removing the processing on the portal without replying to the notification.

To revoke, a taxpayer has to log into the GST Portal and go to Dashboard > Services > User Services > View Notices and Others and click “Initiate Drop Processing”. After this, you can follow the instructions provided by the portal to active your suspended GST number.

  • 06
    Dec 22
  • 0

November 2022 GST Revenue Crosses Rs 1.45 Lakh Crore

Category:GST News,GST Revenue

Monthly GST income exceeded Rs 1.4 lakh crore for 9 consecutive months.

Revenues from imports of goods increased by 20% from the same month last year, and revenues from domestic transactions (including imports of services) increased by 8%.

Rs 1,45,867 crore is total GST income collected in November 2022, Rs 25,681 crore is CGST, Rs 32,651 crore is SGST, Rs 77,103 crore is IGST (Rs 38,635 crore collected on import of goods). includes. Rs 10,433 cr is the cess (contributing to Rs 817 crore collected on importation of goods).

As a regular settlement, the Government has settled Rs 3,3997 crore to CGST and Rs 2,8538 crore to SGST from IGST. After the regular settlement in November 2022, the total revenue of the Center and State is Rs 59678 crore in CGST and Rs 61189 crore in SGST. For State/UT, the center released Rs 17000 cr as his GST compensation in November 2022.

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