Goods and Services Tax (GST)



The goods and services tax (GST) is a value-added tax that is applied to the most goods and services sold for domestic consumption. The industries add the GST to the cost of the product, and a consumer who buys the product pays the price of the product including the GST. The GST is collected by the seller or companies and forward it to the government.

GST is effective from July 1, 2017. Before then the Indian tax system was very complex. There were a lot of central and state taxes that needed special invoices (challans). The range of tax evasion is high and it is also prone to lawsuits. The main aim of tax modification is to apply a common tax all over India.

GST registration

Every business having a turnover of more than Rs. 20 lakh is required to register for GST. In the case of special category states, every business having a turnover of over Rs.10 lakh has to register for GST. 

Ryot Associates offers GST Registration in Coimbatore. Our experts will solve all your questions regarding GST Registration. Do not worry about GST registration thinking that it would be very difficult to do. Our consultant will help you to know better about the GST process and will guide you to do GST Registration for your business. You can seek our help to avoid the errors.

For GST registration, a business owner needs proper documentation reference. Also, you need the proper documents for your business and the service that you are providing. Duplicate documents can be rejected by the jurisdiction department of India. GST registration is completed in some steps, i.e., signing in the GST portal, filling up the form, uploading the documents along with the form and then submitting it.

You can take 6-7 days to upload your documents on the portal. Once your documents and provided information are verified you will get a GST registration number for the tax department.

 

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