We provide complete GST advisory & Compliances services including registrations, returns, tax advisory & GST Audits to businesses in India:
Introduction
In any tax system registration is the most fundamental requirement for identification of tax payers ensuring tax compliance in the economy. Registration of any business entity under the GST Law implies obtaining a unique number from the concerned tax authorities for the purpose of collecting tax on behalf of the government and to avail Input tax credit for the taxes on his inward supplies. Without registration, a person can neither collect tax from his customers nor claim any input tax credit of tax paid by him.
Types of Registration
Different types of registration under GST law such as normal (regular) taxpayer, Input service distributor, Casual taxable person, non-resident taxable persons, E-Commerce Operators, TDS Deductor, etc.
Benefits of Registration
Legal recognition as supplier of goods or services.
Uniform accounting of taxes
Legal authorisation of collecting tax from sales made
Simplifies Taxation Services as GST has combined a number of indirect taxes under one umbrella and integrated the Indian market
Can claim input tax credit of taxes paid and can utilize the same for payment of taxes due on supply of goods or services.
Who is Liable for Registration?
Small businesses having all India aggregate turnover below Rupees 20 lakh (10 lakh if business is in Assam, Arunachal Pradesh, Himachal Pradesh, Uttarakhand, Manipur, Mizoram, Sikkim, Meghalaya, Nagaland or Tripura) need not register. The small businesses, having turnover below the threshold limit can, however, voluntarily opt for registration.
GST Registration is mandatory for:
When a business which is registered has been transferred to someone/demerged, the transferee shall take registration with effect from the date of transfer.
A person making inter-state supplies
Casual taxable person who is not having fixed place of business in the State or Union Territory from where he wants to make supply
Non-Resident taxable person who is not having fixed place of business in India
Agents of a supplier
Those paying tax under the reverse charge mechanism
Input service distributor
E-Commerce operator or aggregator – e-commerce sellers/aggregators need not register if total sales is less than Rs. 20 lakh. Notification No. 65/2017 – Central Tax dated 15th November 2017
Person who supplies via e-commerce aggregator
TDS Deductor
Person supplying online information and database access or retrieval (OIDAR) services from a place outside India to a person in India, other than a registered taxable person
Seligo Consultants Private Limited
We at Seligo provide many services which includes Recruitment as our major services in HR. We also provide services like Income Tax, International Tax and Transfer Pricing, Goods and Services Tax ( GST), Book Keeping & Accounting in Tally as well as Quickbooks Accounting and TDS.
