GST Registration in Patna | icreativezconsultancy

GST return is the detail of all the sales and purchases made along with tax collected or paid. GST return filing is generally done either on quarterly or an annual basis. A taxpayer (under general circumstances) has to furnish 3 monthly and one annual return. Taxpayers registered as Input Service Distributor, under the composition scheme, or liable to collect or deduct tax will fall under separate return filing. This may vary in the amount of tax applicable to these merchants. Authorities calculate tax liability based on the filed returns. A registered dealer has to file a return when they purchase or sell some products, input tax credit against GST paid on purchases, or provide output GST on sales. The GST rate varies between these scenarios. The steps to file GST return online are relatively simple. There is a dedicated portal that allows online GST return filing with GSTIN. The trader will also require the Goods and Service Tax compliant invoices to back the data. The automated syst...

Tax Deduction Account Number or Tax Collection Account Number is a 10 -digit alpha-numeric number issued by the Income-tax Department. TAN is to be obtained by all persons who are responsible for deducting tax at source (TDS) or who are required to collect tax at source (TCS). How to apply for TAN? There are two modes for applying for TAN: OFFLINE - An application for allotment of TAN is to be filed in Form 49B in duplicate and submitted to any TIN-FC. Addresses of TIN FCs are available at NSDL TIN website (https://www.tin-nsdl.com). ONLINE — Online application for TAN can be made from the website of NSDL TIN website.

With effect from April 08, 2012, PAN applications are required to be furnished in the new forms prescribed by ITD. Indian citizens will have to submit their ‘Application for allotment of new PAN’ in revised Form 49A only. Foreign citizens will have to submit their ‘Application for allotment of new PAN’ in newly notified Form 49AA only. For New PAN applications , in case of Individual and HUF applicants if Address for Communication is selected as Office, then Proof of Office Address along with Proof of residential address is to be submitted to NSDL e-Gov w.e.f. applications made on and after 1st November 2009. As per RBI guidelines, the entities making e-commerce transactions are required to provide PIN (Personal Identification Number) while executing an online transaction. Accordingly, before making payment for online PAN/TAN applications using credit/debit card, please ensure that the PIN is obtained from your respective Banks. Application for allotment of New PAN (Form 49A) – applic...

GST eliminates the cascading effect of tax. Higher threshold for registration. Composition scheme for small businesses Simple and easy online procedure. The number of compliances is lesser Defined treatment for E-commerce operators Improved efficiency of logistics  Unorganized sector is regulated under GST

If you are supplying any kind of goods or services in India above Rs. 20 Lakh of value, you must register for GST , except in certain limited cases where the taxable person is to pay GST regardless of whether he has crossed the threshold limit.

n 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.