What is GST Registration?

Every business entity is required to register under GST as a normal taxable person.  GST Registration is Mandatory for a certain business category in  Boisar if the organisation carries out transactions without registering under GST, it will be an offence under GST and heavy penalties will be levied.

The  Central Board of Excise and Custom has assigned a tax registration number to every service provider. Under the regime, all the business entities will be assigned a unique Goods and Services Tax Identification Number (GSTIN).

 Who Should Register for GST in  Boisar?

Turnover Criteria: Any businesses which have a turnover of above 40 lakhs (Rs 10 Lakhs for the North-Eastern States, J & K, Himachal Pradesh and Uttarakhand), Rs 20 lakhs in case of services.

E-commerce operator: Person who connects through e-commerce business (such as Amazon or Flipkart), should register for GST from the beginning only.

Casual Taxpayer: If you supply goods or services in events/exhibitions & you don’t have a permanent place of business, you need to get online GST Registration. The validity of causal GST Registration is 90 days

Sales/Service provide to other states (Inter-State): One should register under GST if any supplier of goods or service provider involved in any other state.

Involved In Online Information: Person supplying online information and database access other than a registered taxable person.

NRI Exporters & Importers: Any NRI person or company supplying goods or services in India need to register GST regardless of turnover.

Why should one register under GST in  Boisar?

As we see it is mentioned above how registering with GST is mandatory for every taxpayer. Let us look at the few reasons to register under GST:

• It is a kind of legal proof which gives recognition to an individual as a certified provider of goods and services.
• Automatically makes the individual eligible for all the other benefits and Returns that fall under the compliances of GST.
• The business entity gets the legal right to collect tax from his customers and carry forward the credit of the paid taxes to his customers or suppliers.

Documents Required for GST Registration in  Boisar

• PAN of the Applicant
• Aadhaar card
• Proof of business registration or Incorporation certificate
• Identity and Address proof of Promoters/Director with Photographs
• Address proof of the place of business
• Bank Account statement/Cancelled cheque

To know about the registration process CLICK HERE!

Benefits of GST Registration in  Boisar

• Transparency in Business Policy: Being registered in the Governmental taxation system means a business is conducted by entirely following the rules and regulations framed by the Ministry of Corporate Affairs (MCA) of the Indian Govt.
• Simplifies the Audit process: Being registered and regularly filing the GST Returns simplifies the financial calculation and the audit process of the organization.
• Get Input Tax Credit: If you have a GST Number, you can avail Input Tax Credit while filing for GST return.
• Expansion of business online: You must acquire a GSTIN if you are willing to compete with big brands like Amazon, Flipkart, Shopify, Paytm on an e-commerce platform or through your website.
• Interstate sales without restrictions: You can sell your products in other states only after registering with GST.

How can we help you?

Online GST Registration in India is only mandatory for every person as specified by the government. But if any business entity from  Boisar is willing to take the registration then he must follow all the compliance and Online Legal India™ is your next stop solution. We offer a plethora of services in GST Modification and GST Filing.