Welcome to Filingpoint Best consultant for GST Registration Expert +91 72999 72500
Filingpoint the GST (Goods and Services Tax) is a single, comprehensive tax levied on value addition at every stage from manufacturing to consumption. It has replaced multiple indirect taxes like excise duty, VAT and service tax and makes filing of returns easier. It also enables claim of input tax credit (ITC) on various expenditures like raw materials, inputs, machinery and so on. This has helped in making the supply chain transparent and thereby reduces costs. It has also brought accountability and standardized practices to the unorganized sectors of the economy like construction, textiles, etc.
If you have a business turnover of more than 20 lakh rupees you need to get registered under GST. Moreover, if your business supplies goods and/or services to customers outside your state you need to register under GST. Even if your business has a turnover of less than 20 lakh you can still get registered under GST if you want to avail the benefits of CGST and IGST.
The process of GST registration is super simple and online. You can register your business in less than 24 hours after you submit all the documents required by the department. After the registration you can track your application status online from the 4th working day after you receive the ARN number. You will be provided with information on GST Returns, invoice format, e-wall bills, and records maintenance under the GST regime.
To register under GST you must have a PAN card. If you are a proprietorship concern it may be your own PAN or the PAN of the legal heir. However, if the business is transferred to someone else then you must get a new GST registration with their PAN. You can also surrender your GST registration voluntarily any time.
Contact Filingpoint GST Registration Expert +91 72999 72500
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