GST Registration in Gurgaon Rs-399 Call 8560858551 | Gst Registration Online | New Gst Registration in Gurgaon | Gst Registration Process in Gurgaon | Gst Registration Documents | Gst Registration Fees
GST Registration in Gurgaon
What is GST Registration?
The goods and services tax (GST) GST is an indirect tax that has replaced many Central and State taxes like excise duty, VAT and service tax and is a value-added tax levied on most goods and services sold for domestic consumption. The GST is paid by consumers, but it is remitted to the government by the businesses selling the goods and services. In effect, GST provides revenue for the government.
This tax came into applied in India July 1, 2017 through the implementation of One Hundred and First Amendment of the Constitution of India by the Indian Government. The tax replaced existing multiple Central and State Government taxes.
GST tax rates, rules and regulations are governed by the GST Council only which consists of the finance minister of central and all the states. GST is meant to replace a slew of indirect taxes with a unified tax and is therefore expected to reshape the country's 2.4 trillion dollar economy. GST tax rates vary from 0% – 28% depending on the type of service or Nature of Goods Your business is selling.
IS SMALL BUSINESS REQUIRE GST REGISTRATION IN Gurgaon
1 If you are supplying goods or services outside your state which are taxable in GST, then you have to register yourself for GST if the amount of supply is even one rupee.
2 So, if you are renting your computers to a client outside your state for their personal use or supplying services outside your state, then yes you have to register yourself in GST and whole GST Act will be applicable to you accordingly i.e. you have to file GST returns and follow all the rules prescribed in GST Act.
LIST OF DOCUMENTS REQUIRED FOR GST REGISTRATION IN GURGAON
2 Aadhaar Card Of Proprietor
3 Applicant Bank Details
4 Applicant Address Proof
1 PAN Card of the Business or Applicant
2 Aadhaar of All Directors
3 Bank Details
4 Address Proof
5 MOA, AOA and Incorporation
6 Partnership Deed/ LLP Certificate
If you are the owner of Private Limited, Arrange these documents
1 PAN Card of the Business or Applicant
2 Aadhaar of All Directors
3 Bank Details
4 Address Proof
5 MOA, AOA and Incorporation
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ADVANTAGES OF GST REGISTRATION IN GURGAON
Benefits to the Common Man
i A good number of products and/or services are either exempt from tax or charged at 5% or less.
ii The poor will receive their due.
iiiSmall traders will find themselves on a level playing field.
iv Simplified tax structure with fewer exemptions.
v Products and services will be allowed to move freely across the country.
vi Increased competition between manufacturers and businesses will benefit consumers.
vii Items such as movie-ticket prices, two-wheelers, televisions, stoves, washing machines, SUVs and luxury cars, two-wheelers, etc. will be cheaper
WHO NEEDS GST REGISTRATION NUMBER IN GURGAON?
1 Any supplier of goods and/or services who makes a taxable supply with an aggregate turnover of over Rs.20 lakhs in a financial year is required to obtain GST registration. In special category states, the aggregate turnover criteria is set at Rs.10 lakhs
2 If you are providing services and goods outside the Country.
3 Selling your goods or services online (like selling on Shop Clue and Snapdeal Etc)
4 If a business has Earlier registration under VAT, Excise Laws, Service Tax Laws
5 If the business is dealing in multiple states
WHAT ARE DIFFERENT TYPES OF GST REGISTRATION?
- Compulsory Registration: Under certain scenarios, the businesses have to get registration under GST.
- Voluntary Registration: The business does not have the liability to register under GST, however, can apply for GST Registration. This usually is when the businesses are willing to take advantage of the Input Tax Credit facility.
- Registration under Composition Scheme: Composition scheme is a voluntary and optional scheme for registering under GST. Under the composition scheme, the compliance is simpler and lesser returns are to be filed. The tax is to be filed at a fixed rate. If the business turnover is in between INR 40 Lakhs and 1.5 Crores, they can opt for GST Registration under Composition Scheme.
- No Registration: In the case, when your business does not fall under the conditions for compulsory registration you do not require GST Registration.
PENALTIES INVOLVED UNDER GST ACT
| Type of GST Offence | Applicable GST Penalty Amount |
| Delayed filing of GST Returns | Rs. 200 per day (Rs. 100 per day under CGST and an additional Rs. 100 per day under SGST) up to a maximum of Rs. 5000. Late fee not applicable to IGST unpaid by delayed filing |
| Not filing GST Returns | Higher amount among – Rs. 10,000 or 10% of tax due under GST |
| Committing Fraud | Higher amount among – Rs. 10,000 or 100% of tax due under GST (may include jail term for fraud cases of higher value) |
| Aiding and Abetting Fraud | Rs. 25,000 irrespective of whether offender is GST registered or not |
| Charging wrong GST | Higher amount among – Rs. 10,000 or 100% of the tax amount due (applicable only if excess tax is not submitted with the government) |
| Not issuing an invoice | Higher amount among – Rs. 10,000 or 100% of tax amount due |
| Issuing incorrect invoice | Rs 2500 |
