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Benefits of registering under GST
11.A. For normal registered businesses:
1. Take input tax credit
2. Make interstate sales without restrictions
To know more about the benefits of G...
What is Composition scheme and when should a business opt for it?
Small businesses having annual turnover less than Rs. 75 lakhs can opt for Composition scheme.
Composition dealers will pay nominal tax rates based...
When should a business apply for multiple GST registrations?
If a business operates from more than one state, then a separate GST registration is required for each state. For instance, If a sweet vendor sells...
What is GSTIN?
All businesses that successfully register under GST are assigned a unique Goods and Services Tax Identification Number also know as GSTIN.
Format ...
What is the penalty for not registering under GST?
An offender not paying tax or making short payments (genuine errors) has to pay a penalty of 10% of the tax amount due subject to a minimum of Rs.1...
What is the fees applicable to register under GST?
You Can Buy GST Plan is a All in One Plan To Take care of Everything you need for GST.
GST Service Includes
GST Registration
GST Migration
GST Fi...
What is the GST registration process?
Any business can get registered under GST by applying via the GST Online Portal or at GST Seva Kendra set up by the Government of India.
At Kinja C...
What are the documents/details required to register under GST?
PAN is mandatory to apply for GST registration (except in case of non-resident).
The document/details required to register for GST are:
Pan Card -...
Businesses that need to register under GST irrespective of their turnover
Every person who is registered under the Pre-GST law (i.e., Excise, VAT, Service Tax etc.) needs to register under GST.
When a business which is ...
Who should get registered under GST?
Any business whose turnover exceeds the threshold limit of Rs. 20 lakhs (Rs 10 lakhs for North Eastern and hill states) will have to register under...
What is GST Registration?
Every business carrying out a taxable supply of goods or services and whose turnover exceeds the threshold limit of Rs. 20 lakhs (Rs 10 lakhs for N...