Goods & Service Tax (GST) is an Indirect Tax reform newly introduced in the Indian Indirect Tax System. It is introduced for developing Indian market across the world market. It is also a part of One Nation One Tax Reform. It is a destination based tax. It introduced by consolidating various existing tax like Central Excise, Service Tax, State Vat, Entry Tax, Octroi etc. GST Registrations is applicable to all forms of business like proprietorship, partnership firms, private company and LLP. Now these competitive market gst registration is an unavoidable factor for running, even a small business in India. GST Registration helps the small, micro and medium business to explore the opportunities to do business with corporate companies in India. So, growth and development of every business have directly proportional to Goods and service tax of the Country.
Every business who registered under the GST Act must report their sales, purchase,
input tax credit and output tax payable to GST authorities on monthly or quarterly basis
as applicable through the common portal for GST, this process is called GST Return Efiling.
And the GST return filing is mandatory for every GSTN holder, even small or big enterprises. GST Registration and Return filing in Kochi and Ernakulam is now simple with Ourtaxpartner.com.
As per gst rules a person who have turnover more than the specified limit will get register under the GST portal https://www.gst.gov.in/. Now the limit of turnover is 40 lakhs. The process of submitting an online application named Form GSR REG 01 is called GST REgistration. GST registration usually takes 3 to 7 working days and get the GST Certificate online.
Every GSTN (Goods and Service Tax Number) holder must file monthly sales data, purchase data, input tax credit data and other information as required by the Goods and service Tax Rules. For submitting this data gst department issued various GSTR forms like GSTR – 01, GSTR -02, GSTR -03, GSTR – 3B, GSTR – 04, GSTR – 05, GSTR – 06, GSTR -07, GSTR – 08 and GSTR -09. The process submission of this forms to GST online portal is called GST Return Filing.
The various objectives of GST are :
Any supplier of goods and service provider of services who makes a taxable supply with an aggregate turnover of over Rs.40 lakhs in a financial year is required to obtain GST registration. In special category states, the aggregate turnover criteria is set at Rs.10 lakhs. in simple words every business whose taxable supply of goods or services under GST (Goods and Service Tax) and whose turnover exceeds the threshold limit of Rs. 40 lakh / 10 Lakh as applicable will be required to register as a normal taxable person. Every person who intent to Import Export business in India must register under GST (DGFT-GST FAQ).
Every GSTN holder must file GST Return as per the Goods and Service Tax Rules. You can get the help of GST Practitioner to file the GST Returns properly and accurately. Ourtaxpartner.com assist accountants, individuals, business and all other institutions to file gst return and other gst compliance’s. Outsource your monthly gst returns filing’s at Ourtaxpartner.com. We help to simplify your GST compliance’s and GST Return Filing. GST Return filing in Kochi and Ernakulam is now easy at Ourtaxpartner.com.
Know the important GSTR Forms:
1. GSTR 3B: Since GSTN System is not fully operational, the tax would be payable based on the simple return called GSTR 3B. We need to enter only the summary of Sales, Purchase and Input Tax Credit for the month. The return will be submit before 20th of the succeeding month. Now GSTR 3B is only used for payment of GST Liability.
2. GSTR 1:GSTR 1 is the form used to file sales data for the month. The invoice wise details of sales data must be given in the Form. The return will be filed on both monthly and quarterly basis. The due date for filing GSTR 1 is 11th of the succeeding month for monthly filing and 30th of succeeding month from end of the quarter.
GST Registration for Individuals, Partnership Firms, Private Limited Company and LLP. Inclusive of all fees and taxes. Package includes GST Registration only
GST Registration for Individuals, Partnership Firms, Private Limited Company and LLP. Inclusive of all fees and taxes. Package includes GST Registration and one Digital Signature.
GST Registration for Individuals, Partnership Firms, Private Limited Company and LLP. Inclusive of all fees and taxes. Package includes GST Registration and one Digital Signature and Income tax filing under Presumptive Taxation.
For Service Sector
Applicable to individuals, partnership firms, company & llp having number of sales invoices less than 25 per month. Monthly Charges
For Service Sector
Applicable to individuals, partnership firms, company & llp having number of sales invoices in between 25 – 50 per month. Monthly Charges
For Service Sector
Applicable to individuals, partnership firms, company & llp having number of sales bills less than 50 per month, total voucher entries less than 150 per month. Package includes GST Filing and accounting. Monthly Charges
For Non Service Sector
Applicable to individuals, partnership firms, company & llp having number of sales invoices less than 125 per month (B to B). Monthly Charges
For Non Service Sector
Applicable to individuals, partnership firms, company & llp having number of sales invoices in between 125 – 250 per month (B to B). Monthly Charges
For Non Service Sector
Applicable to individuals, partnership firms, company & llp having number of sales bills less than 125 per month, total voucher entries less than 300 per month. Package includes GST Filing and accounting. Monthly Charges
Persons listed under the following categories are required to take registration under GST regime. Every person come under the below category mandatory registered under GST Portal. You can avail 24 * 7 hours services from Ourtaxpartner.com for GST Registration, Monthly Return Filing and all other statutory compliance’s associated with GST Act and Rules. GST Registration in Kochi and Ernakulam is now with Ourtaxpartner.com ; best gst consultants in Kochi, Kerala.
Goods and Service Tax (GST) is a destination based tax on consumption of goods and services. It is proposed to be levied at all stages right from manufacture up to final consumption with credit of taxes paid at previous stages available as setoff. In a nutshell, only value addition will be taxed and burden of tax is to be borne by the final consumer.
Imports of Goods and Services will be treated as inter-state supplies and IGST will be levied on import of goods and services into the country. The incidence of tax will follow the destination principle and the tax revenue in case of SGST will accrue to the State where the imported goods and services are consumed. Full and complete set-off will be available on the GST paid on import on goods and services.
Tax payers with an aggregate turnover in a financial year up to [Rs.20 lakhs & Rs.10 Lakhs for NE and special category states] would be exempt from tax. Further, a person whose aggregate turnover in the preceding financial year is less than Rs.50 Lakhs can opt for a simplified composition scheme where tax will payable at a concessional rate on the turnover in a state.
An Online application has to be submitted through the common portal of GST (GSTN) within 30 days from the date when liability to register arose. The online application for GST Registration shall be submitted through the website, www.gst.gov.in. The Casual and Non-Resident taxable persons need to apply for GST Registration at least five days prior to the commencement of the business. Ourtaxpartner.com assist you to take GST Registration online at Rs. 1,200/-. We are specialized GST Consultants practicing in Kochi, Ernakulam and Kerala. Here we support traders and service providers for GST Registration, GST Return Filing, E-Way bill generation, GST Annual Return Filing and GST Audit services.
If a trader has Multiple Business Verticals in a state, separate GST registration for each shall be taken. Those who are not liable to take GST registration are also eligible to register under the gst portal. Traders who apply for GST registration must have PAN card. Those who have tax deduction in the source must have TAN (Tax Deduction and Collection Account Number) along with PAN.