Gst Registration in India

The tax came into effect from July 1, 2017 through the implementation of One Hundred and First Amendment of the Constitution of India by the Indian government. The tax replaced existing multiple cascading taxes levied by the central and state governments. By abolishing and subsuming multiple taxes into a single system, tax complexities would be reduced while tax base is increased substantially. 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 input tax credit of GST paid or could be penalized. Further, GST Registration is mandatory once an entity crosses the minimum threshold turnover of starts a new business that is expected to cross the prescribed turnover.

Goods and Services Tax (GST) is an indirect tax (or consumption tax) levied in India on the supply of goods and services. GST is levied at every step in the production process, but is meant to be refunded to all parties in the various stages of production other than the final consumer.

Gst Registration Online

Online GST Registration has tremendously improved ease of doing business and increased the taxpayer base in India by bringing in millions of small businesses in mainstream of country’s economy. As a new Company, GST registration is required primarily if your annual sales are more than Rs. 20 Lakh. Even if your sales are less than Rs. 20 Lakh, we suggest that you voluntarily opt for GST Registration. There are also various other criteria’s that could make an entity liable for obtaining GST Registration – irrespective of annual sales turnover.

We at WeR Consultants LLP can help you in New GST Registration with hassle free Documentation process and Fast turn-around. Searching for the Top registerd GST Consultants in India and other cities like Mumbai, Delhi, Jaipur, Udaipur, Lucknow visit our Required Documents section for Gst Registration in Mumbai at WeR Consultants LLP. We are best GST filling consultant in india.