Goods and Services Tax New Registration, Returns & Filing
GST stands for "Goods and Services Tax", and is proposed to be a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level. It will replace all indirect taxes levied on goods and services by the Indian Central and State governments.
Documents required for Goods and Services Tax (GST) registration:
- PAN Card of the Business and Applicant
- Valid Indian Phone Number and Email address
- Proof of Place of business (Supporting Documents/EB Bill)
- Valid bank account number from India
- Other details (List of Goods and Services/Proof of appointment of Authorized Signatory/Authorized Signatories photo/DSC)
GST is a Value added Tax (VAT) is proposed to be a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level. It will replace all indirect taxes levied on goods and services by the Indian Central and state governments. GST is a consumption based tax/levy. It is based on the “Destination principle.” GST is applied on goods and services at the place where final/actual consumption happens. GST is collected on value-added goods and services at each stage of sale or purchase in the supply chain We provide GST Tax Registration in chennai,GST Migration and filling all over country under the tax laws of the appropriate state.
GST is a tax levied when consumer buys any good or service. There are three components of GST-
Central GST (CGST) - it will be Levied by Centre
State GST (SGST) - It will be levied by State
Integrated GST (IGST) - It will be levied by Central Government
GST Return
GST Return Filing in chennai is a prescribed form by the Government which needs to be filed by the every tax payer. GST return are documents which are filed with the GST department stating every information which is required under the law. Further, every registered person shall need to file the GST return Filing online and which is recommended via software. If your turnover is more than 20 lakh, then you need to get registered and file 3 monthly GST return (GSTR 1, 2 and 3)
We are the Best GST services provider in Chennai, is levied on all transactions such as sale, transfer, purchase, barter, lease, or import of goods and/or services. India will adopt a dual GST model, meaning that taxation is administered by both the Union and State Governments. Transactions made within a single state will be levied with Central GST (CGST) by the Central Government and State GST (SGST) by the government of that state. For inter-state transactions and imported goods or services, an Integrated GST (IGST) is levied by the Central Government. GST is a consumption based tax, therefore, taxes are paid to the state which the goods or services are consumed not the state in which they were produced. IGST complicates tax collection for State Governments by disabling them to collect the tax owed to them directly from the Central Government. Under the previous system, a state would have to only deal with a single government in order to collect tax revenue.
