GST Registration Online: SuperCA

According to the rules, every person (including company, LLP etc) has to register under GST if the total turnover crosses Rs.20 lakh (Rs 10 lakhs for special category states present in hill states and North-Eastern states). Hence, if your turnover is more than 20 lakh or is going to be more than 20 lakh, then you should go for online GST registration . The registration process is completely online, hence no manual intervention or physical paper submissions is required. The online process is as simple as it may sound. It is normally completed within 4-6 working days and the supplier is allotted a 15-digit GSTIN (GST identification number) and a certificate of registration by the GST department. If the organizations fulfilling the eligibility criteria carry on business without registering with GST, it will be an offence under GST and heavy penalties will apply. GST Registration Fee For GST registration in India, there is no government fee. Anyone can get the GST registration  ...

In 2017, the Goods And Services Tax (GST) Act was passed and has been implemented since then. GST is an indirect tax for the whole nation, which makes India one unified common market. It came as the biggest indirect tax reform in India and now is a single tax on the supply of goods and services. With the motive of “One Nation One Tax” , this tax provision made the compliance procedure more transparent, seamless, and intuitive. Before GST, taxes such as service taxes, state VATs, entry taxes, luxury taxes were applied on goods.GST has replaced a total of almost 17 local levies of this kind. Now there is only a single tax, that is, GST which is levied directly at every point of sale. I ntroduction to Online GST return filing A GST return is a document or report that needs to be filed by every GST registered person. Once You become eligible for registration under GST, you must apply for a unique GSTIN from the GST Portal. Currently, the eligibility is turnover ...

Implementation of GST in India was a big move, as it marked a significant indirect tax reform in the country. The amalgamation of a large number of taxes which was levied at a central and state level into a single tax had expected to have big advantages. Almost about four years ago, GST had replaced 17 local levies like excise duty, service tax, VAT and 13 cesses. Most of the complex indirect system problems have also been eased by GST with a simple, transparent and technology-driven tax regime and has thus integrated India into a single common market. Further, Tax arbitrage across states that distorted business investment decisions has also been eliminated by the implementation of GST. In this article, we’ll talk about the different types of GST namely SGST, CGST, UTGST and IGST, their structure and a basic difference between them. Types of GST and its Explanation As per the newly implemented GST regime, there are 4 different types of GST namely : Integrated Goods and Services...

GST implementation in India was a historical move, as it marked a significant indirect tax reform in the country. One of the most important benefits of the move is the lessening of double taxation or the removal of the cascading effect of taxation. GST Identification Number (GSTIN) is a 15 digit number that is assigned to every GST registered person. It has replaced the earlier Tax Identification number which was allocated to businesses by state tax authorities for registering under the VAT system Further, GSTIN is State Specific therefore you have to take separate state-wise registration for branches in different states. The online GST registration process is usually completed within 4-6 working days and the supplier is allotted a 15-digit GSTIN (GST identification number) and a certificate of registration by the GST department. GSTIN format GSTIN is a 15-digit alphanumeric code. The format break-down of the GST Identification number is as follows: As per the Indian Census 20...

  Director identification number (DIN) refers to a unique identification number that is given to a person desiring to be a director or an existing director at the time of company registration. In this digitised era, application in eForm DIR-3 was sufficient to obtain DIN. For any individual who wants to be a director in one or more companies, this was only a one time process. However, now with the move of the MCA to update its registry, all directors with a DIN will have to submit their KYC details annually in eForm DIR-3 KYC. This annual KYC for all DIN holders has been made mandatory by the MCA w.e.f. 10th July 2018 by including Rule 12A to Company registration Appointment and Qualifications of Directors) Rules, 2014. This compliance is pertinent to every person enduring DIN with ‘Approved’ status and also to those who are disbarred. There is a dual intention behind KYC of individuals holding DIN, firstly to assure updated data is available in the reports of the Government in res...

  What is Exempt Supply Exempt supply under GST means supplies that do not attract goods and service tax. In these supplies, no GST is charged. Input tax credit paid on these supplies will not be able for utilisation. These are the following three types of supply which are considered exempt supply:- supplies which are chargeable to nil rate tax. supplies which are partially and wholly exempt from the charge of GST by the notifications which amended section 11 of CGST and section 6 IGST. supplies which come under sec 2(78) of the Act. which covers the supplies which are not taxable under the Act like alcoholic liquor for human consumption. Classification of Exemptions Supplier may be exempt — Exemption to the person making supplies-i.e supplier, regardless of the nature of outward supply. (Ex: Services by Securities and Exchange Board of India, Services by Charitable entities. Certain Supplies may  b e exempt –Certain supplies due to their nature and type are exempted from GST....