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|What is GST Registration
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|Autor:||vooos [ 18 Ago 2019, 06:58 ]|
|Assunto do Tópico:||What is GST Registration|
In the GST Regime, businesses whose turnover exceeds Rs. 40 lakhs* (Rs 10 lakhs for NE and hill states) is required to register as a normal taxable person. This process of registration is called GST registration.
For certain businesses, registration under GST is mandatory. If the organization carries on business without registering under GST, it will be an offence under GST and heavy penalties will apply.
GST registration usually takes between 2-6 working days. We’ll help you to register for GST in 3 easy steps.
*CBIC has notified the increase in threshold turnover from Rs 20 lakhs to Rs 40 lakhs. The notification will come into effect from 1st April 2019.
|Autor:||doberso [ 19 Ago 2019, 06:02 ]|
|Assunto do Tópico:||Re: What is GST Registration|
The tax on goods and services in India https://vakilsearch.com/gst-india/gst-registration is in accordance with the dual-transaction model, under which the following taxes are levied.
Statewide transactions. If the service provider and the service recipient (customer) are in the same state, transactions are subject to a centralized tax on goods and services and a state tax on goods and services.
Interstate or Allied Transactions. If the service provider and the service recipient are located in different states or in different union territories, transactions are subject to an integrated tax on goods and services.
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