GST, which stands for Goods and Services Tax, is an indirect tax in India that is charged when goods are sold or services are given. Gst registration in Bangalore is replaced by most indirect taxes except a few through its multi-step assessment and thorough procedure. The tax is added to the final price and the buyer pays it at the point of sale.The seller then sends the money to the government.
It's easy to register for GST and you can do it all on the online GST portal. Businesses can register by filling out a form on the GST portal and sending in the necessary documents. The GST registration in India is very important for businesses.Getting registered at the gst registration office in Bangalore confirms the smooth flow of Input Tax Credit and makes you known as a registered supplier.
Install our Small Business Accounting App and upload your GST bills. Furthermore, you can receive support with gst filing in Bangalore, partnership registration in Bangalore, Pvt ltd registration in Bangalore, and accounting and bookkeeping services in Bangalore.
Small businesses are benefited as they can exercise the option for utilising the composition scheme. The composition scheme has considerably brought down the compliance and the tax burden on small businesses. Mibook provides all the gst registration services and keeps your business legally up to date.
GST is a form of Indirect tax that is designed to subsume all the indirect taxes under one umbrella. GST has reduced the cascading effect of tax that was prevailing earlier. If your business is not yet registered and you are not availing the benefits of GST registration then acquire GST registration services at Mibook right now.
The Products and Services Tax Act has substantially relaxed limitations on the interstate movement of goods.This reduction in superfluous logistics expenditures has increased the profitability of enterprises involved in the transportation of goods.
Digital Signature: DSC of Partners or Directors, in case of LLP and Company only
Photograph: Copy of passport size photograph of the Proprietor/Partners /Directors
Entity’s PAN Card: A copy of the PAN Card of the business entity
PAN & Aadhar Card: A copy of the Aadhar Card of Proprietor/Partners/Directors
Business Address Proof: Latest Electricity bill/Any Tax paid bill/Municipal Khata Copy
Rent Agreement: If the place is rented a rent agreement is mandatory else consent letter is sufficient
Bank details: Latest Bank Statement/Copy of cancelled cheque/copy of the first page of passbook
Certificate of Registration: The entity should provide a registration certificate with MOA- AOA/LLP Agreement or Partnership Deed as applicable.
1. Consultancy for the requirement of GST Registration
2. Collection of basic Information & documents
3. Preparation of required documents
4. Share documents for Applicant’s Signature, if required
1. Preparation of online application
2. Filing of registration application
1. Government processing time
2. GST Registration Certificate*
Registration is accessible for all types of GST payers through one of the standardised web applications known as Mibook.
This type of GST registration in India is applicable to taxpayers operating a business in India.Those registering as regular taxpayers are not required to make a deposit, and their validity dates are unrestricted.
To be eligible as composition taxpayers, individuals must enrol in the GST composition scheme. Taxpayers may pay GST at a set rate under the composition model. Taxpayers choosing the composition plan, however, are not eligible to receive the input tax credit.
The casual taxable person category is where a taxpayer who plans to open a booth or a temporary store should register. A deposit equal to the taxpayer's GST liability is required in this case. A match between the liability and the active registration periods is necessary. An active registration is only for 3 months.
Individuals residing outside of India fall under the category of non-resident tax paying person. In order to register as a casual taxable person, the taxpayer must deposit an amount equal to their GST liability. The responsibility must correspond to the active registration periods. The non-resident taxpayer's registration is valid for three months.
Taking the help of GST registration consultants in Bangalore to comply with GST registration offers your business immense benefits and helps your business become more competitive and sound.
Most of the government tenders require GSTIN to apply for. If you don’t have one, you may miss a great business opportunity.
Without a GST registration in Bangalore, one can not sell their services through an eCommerce site which is becoming a major part of our Indian market. If your business has registered GST then you have an opportunity to sell your products/service through top eCommerce sites in India.
Having a GSTIN allows you to trade inter-state. So getting your business registered for GST adds this bonus to your business.
Only the businesses that have registered for GST in Bangalore can avail of input of GST tax paid on their purchases and save the cost.
Get your GST Registration done today!!! Through MI Book.