GST Registration - Eligibility, Process and Expert Help.
GST is the biggest tax reform in India, tremendously improving ease of doing business and increasing the taxpayer base in India by bringing in millions of small businesses in India. Under the new GST regime, all entities involved in buying or selling goods or providing services or both are required to register for GST. Entities without GST registration would not be allowed to collect GST from a customer or claim an input tax credit of GST paid or could be penalized. Further, registration under GST is mandatory once an entity crosses the minimum threshold turnover of starts a new business that is expected to cross the prescribed turnover.
As per the GST Council, entities in special category states with an annual turnover of Rs.10 lakhs and above would be required to register under GST. All other entities in the rest of India would be required to register for GST if annual turnover exceeds Rs.20 lakhs. There are also various other criteria's, that could make an entity liable for obtaining GST registration - irrespective of annual sales turnover. Entities required to register for GST as per regulations must file for GST application within 30 days from the date on which the entity became liable for registration under GST.
TheTaxBooks can help you obtain GST registration in India and maintain GST compliance through a GST accounting software. The average time taken to obtain GST Certificate is about 5 - 10 working days, subject to government processing time and client document submission.
Get a free consultation on GST and GST return filing by scheduling an appointment with us.
GST Registration for Foreign Non-Resident Taxpayer
Goods and Services Tax or GST has been implemented in India from 1st July 2017 and non-resident taxpayers are also required to obtain GST registration and file GST returns. According to the GST Act, “non-resident taxable person” means any person who occasionally undertakes transactions involving the supply of goods or services or both, whether as principal or agent or in any other capacity, but who has no fixed place of business or residence in India. All non-resident taxable persons are required to appoint an authorized person in India for the purpose of complying with GST regulations.
Non-resident taxpayers are required to obtain GST registration as a Non-Resident Foreign Taxpayer 5 days prior to the undertaking business in India. An application for GST registration for a foreign non-resident taxable person must be made through an authorized agent in India. Once, an application for GST registration is filed, a transaction number would be generated. Using the transaction number, GST deposit must be made by the taxpayer to obtain GST registration in India
We can help foreign companies and NRIs with end-to-end GST compliance services starting from GST registration to GST return filing through a proprietary GST accounting software. The average time taken to obtain GST registration is about 10 - 15 working days, subject to government processing time and client document submission.
Get a free consultation on GST registration, GST accounting and GST return filing by scheduling an appointment with us.
Monthly Tax Filing Could Be Stressful
Non-compliance can cost you money. GST compliance can be tough for small businesses. A normal tax payer has to spend lot of time every month for filing GST returns. And keeping up with frequent updates makes it even tougher. That’s why we’ve introduced GST Return Filing Service! Our expert team of accountants can take away the burden of return filing from you so that you can focus on growing your business.
Get a free consultation on GST registration, GST accounting and GST return filing by scheduling an appointment with us. Have stress free GST experience