Gst

Gst – Goods and Service Tax in India

Gst or Goods and service tax is an indirect tax administration system in India.

It has been rolled out from 1st July 2017 all across India.

Gst attracts all type of goods and services, except to few goods are exempted from Gst purview.

Gst Registration in India

Gst registration applied to business, where the turnover is crossed the certain limit, currently for service sector its Rs.20Lac a year, and for the Manufacturing its Rs.40Lac

The business owner, once the turnover touches to the above limit, it shall register his business under Gst Act.

Documents required for Gst registration are:

  1. Basic Kyc documents like, owner pan, Aadhar, photo, email and mobile number
  2. Firm, company – registration documents
  3. Rent agreement or electric bill of the business place
  4. Authorization letter for Gst registration if its related to Company or Firm.

 

Gst Returns at www.Gst.gov.in

Gst return is a monthly reporting filing with Gst system at www.Gst.gov.in

There are many returns under Gst, mainly.

Gstr-1, which is invoice wise upload

Gstr-3B which is monthly Gst liability payment

Gstr-9, annual return

 

Gst Process

Gst registration shall be applied through Gst portal by creating registration, once the Gst registration applied, you will get the TRN.

The official website of Gst is https://www.Gst.gov.in/ after providing the basic details, TRN would be generated to proceed with further documents submission.

 

 

Gst login

After Gst registration gets approved, Gst office will provide the user ID and temporary password to login to GST system for compliance of the Gst law.

 

Eway billing

EWay Bill is an Electronic transport bill for the movement of goods to be generated on the Gst system of eWay Bill Portal. A GST registered person cannot transport if there goods value is more then 50,000 without making e way bill.

 

After Gst registration gets approved, Gst office will provide the user ID and temporary password to login into GST system for compliance of the Gst law.

 

Gst search

To check the correctness of the GST number with the goods or service owner, Gst has provided link to check there details, Gst can be chaeced by way of providing pan or gst number.

Go to the option Search Tax Payers; click on the tab “Search by PAN”. Enter the PAN number for which you want to know the GST number and then press the SEARCH.

 

Gst verification

Gst verification helps to identify the seller or service provider is in the active or not.

If the seller is in-active for any reason, then you should not deal or business with that person to avoid the Gst compliance issue in future.

Go to the option Search Tax Payers; click on the tab “Search by PAN”. Enter the PAN number for which you want to know the GST number and then press the SEARCH., it will show the Gst status.

 

Gstin or Gst number

Gstin is 15 digit number, provided by Gst office for every registered Gst owner.

Gstin is mandatory to quote in there each invoice/ billing and display the Gstin in there business premises.

 

Gst filing

Gst return is a monthly reporting filign with Gst system at www.Gst.gov.in

There are many returns under which below 3 types are mains.

Gstr-1, which is invoice wise upload to Gst system.

Gstr-3B, which is monthly Gst liability payment to be made as per liability.

Gstr-9, annual return to be filed once a year.

 

Kindly note, Gst return filing is compulsory, many Gst holder forgot or ignore to file, and that result in huge penalty and closer of Gst account.

 

Gst suvidha kendra

Gst suvidha Kendra is one stop Gst facility services for the Gst and business owners. Team IN Filings is part of the Gst suvidha center, where in provides all the Gst related services at one desk.

 

Team IN Filings

Tax and Law Practitioners, having its office at Bengaluru, most trusted partner for Gst, Indirect tax. It is a professionally managed firm having a team of experienced Company Secretary, Chartered Accountant, Lawyer and Tax consultant to provide services like Gst and representation of tax-efficient business model.

Kindly connect with Team IN for any Gst matters at below our address.

 

Our Address

No. 188, 1st Floor, B.T Pura, Sahakarnagar, Bengaluru – 560092 Tel: +91 7019 827 351 Email: team@teamIndia.co.in

GST Branch at:

Damu R, Ca office, 1st Stage, Lingarajpuram, Bengaluru – 560084, Contact: 8792858436, find us on google below.

Want to consult us?

Call us at : +91 7019827351

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