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How To Apply For GST Certificate?

January 16, 2018

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G S T

GST stands for Goods and services Tax. GST replaced the all the indirect taxes which are imposed on the services and goods. GST is applied to all taxable goods and services except the exempted goods and services and on transactions below the threshold limit. Exempted goods and services include alcohol, electricity, custom duty, real estate. Though, petroleum products [crude oil, diesel, petrol, natural gas, ATF (aviation turbine fuel)] are initially exempted from GST till the GST Council announces date of their inclusion.

Purpose:-

The purpose of introduction of GST regime intends to include indirect taxes under a single taxation regime. This is expected to help broaden the tax base, increase tax compliance, and reduce economic distortions caused by inter-state variations in taxes.

GST Council:-

The GST Council will consist of the Union Finance Minister, Union Minister of State for Revenue, and state Finance Ministers. The GST Council will recommend rates of tax, period of levy of additional tax, principles of supply, special provisions to certain states etc.

The benefits of the GST registration are:-

Legally recognized as supplier of goods or services, Proper accounting of taxes paid on the input goods or services which can be utilized for payment of GST due on supply of goods or services or both by the business, Legally authorized to collect tax from his purchasers and pass on the credit of the taxes paid on the goods or services supplied to purchasers or recipients. Also one can get to avail various other benefits and privileges rendered under the GST laws.

Types of GST:-

Since GST subsumed both indirect taxes of central government (excise duty, service tax, custom duty, etc.) as well as state governments (VAT, Luxury tax, etc.), both the government now depend on GST for their indirect tax revenue. Therefore the GST rate is divided into following categories to cater the need of the state-

Central Goods & Service Tax (CGST)

The revenue collected under CGST belongs to the central government.

State Goods & Services Tax (SGST)

The revenue collected under SGST belongs to the state government.

Integrated Goods & Services Tax (IGST):

The center will levy IGST in the case of (i) inter-state supply of goods and services, (ii) imports and imports and (iii) supplies to and from special economic zone. In addition, IGST will be levied on any supply which will not fall under the purview of the SGST and CGST.

GST Rates:-

GST rate varies according to the nature of goods or services you are selling. It ranges from 0% to 28%.

FAQ

What is GST?

GST is a single tax on the supply of goods and services. It is a destination based tax. GST will subsume Central Excise Law, Service Tax Law, VAT, Entry Tax, Octroi, etc.

Do you provide service of GST registration in my town?

Yes, Aapka Consultant is an online platform serving all over India all you need is internet connection on your mobile or desktop and we are ready to get your job done.

How much GST rate will apply to my business?

GST rate varies according to the nature of goods or services you are selling. It ranges from 0% to 28%.

Can I take GST registration voluntarily?

Yes, you can voluntarily apply for GST Registration even if your business turnover does not exceed threshold limit (20/10 Lacs). It will provide you certain benefits also.

Do i have to charge any tax from the customers, if my turnover is not exceeding 20 lakh?

Yes, from the very moment you get GST registration certificate, you need to charge GST from your customers.

What is the time limit for taking a Registration under Model GST Law?

Any person should take a Registration, within thirty days from the date on which he becomes liable to registration, in such manner and subject to such conditions as may be prescribe.

Do I have to take GST registration for multiple branches in different states?

An entity will have a single registration in each state for each PAN. Therefore, it can list only one place as its principal place of business and show all the other branches as additional places of business in that state. However, an entity can obtain separate registrations if in case it has separate business verticals within the state.

Which taxes at the Centre and State level are being subsumed into GST?

At central level: Central Excise Duty, Additional Excise Duty, Service Tax, Additional Customs Duty, and Special Additional Duty of Customs.

At state level: Sales Tax, Entertainment Tax (other than the tax levied by the local bodies), Central Sales Tax, Entry tax, Purchase Tax, Luxury tax, and Taxes on lottery, betting and gambling.

Do I exempt from GST Registration?

Following persons are exempted from the GST Registration:- a) Agriculturists. b) Persons making Nil-Rated or Exempt supplies of goods and services. c) Persons making Non-Taxable or Non-GST supplies of goods and services. d) Activities that are neither Supply of Goods nor Services. e) Persons making only supplies covered under Reverse Charge.

What could be the liabilities (in so far as registration is concerned) on transfer of a business?

The transferee or the successor shall be liable to be registered with effect from such transfer or succession and he will have to obtain a fresh registration with effect from such date.

Whether Amendments to the Registration Certificate is permissible?

Yes, according to the procedure provided under the act.

Whether the Registration granted to any person is permanent?

Yes, the registration Certificate once granted is permanent unless surrendered, cancelled, suspended or revoked.

Is possession of a Permanent Account Number (PAN) mandatory for obtaining a Registration?

Yes. Every person shall have a Permanent Account Number for grant of GST registration.

If a person is operating in different states, with the same PAN number, whether he can operate with a single Registration?

No. Every person who is liable to take a Registration will have to get registered separately for each of the States where he has a business operation and is liable to pay GST.

What happens when the registration is obtained by means of wilful mis-statement, fraud or suppression of facts?

In such cases, the registration may be cancelled with retrospective effect by the proper officer.

Is Digital Signature Required for GST registration?

Yes, Digital Signature Certificate is required if you are Private limited, Public limited, LLP or One Person Company.

What will you be doing after getting GST Registration number?

You need to raise GST invoices with respect to every sale transaction and requires filing monthly or quarterly returns.

I want to avail this service, what should I do?

Don’t worry, just fill the above mentioned details & contact the professionals of Aapkaconsultant.com and we will guide you with the complete process.

If you want to get your GST Registration, Please Click here

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