GST is a single window to taxes on goods and services and will be with a regime to be charged on destination principal and credit of input will be availed once value addition is achieved. Important to understand difference between current tax structure and proposed GST operations GST is defined as “any tax on supply of goods and services other than on alcohol for human consumption”.
Basically GST is a value added tax, which will be levied at all points in supply chain, where the deliverable changes hands, with a privilege to avail credit for any tax paid on input received for use in creating such supply.
Pravinjana Consultants – we plan to assist our clients in bridging the gap over to GST by providing specialised services to mitigate any GST-related tax risk.
Range of Services
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Obtaining registration under GST
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Regular GST compliances
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Tax invoice design
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Preparation and filing of monthly/ Quarterly GST returns
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Preparation and filing of GST refund Application & follow up in the case of exporter
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Preparation and filing of Annual return.
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Preparation and filing of Annual Reconciliation Statement.
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GST Assessment
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Cancelation of GST Number
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Revocation of GST Number
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Amendment in GST Certificate
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Co-ordination and liaisoning with GST Department
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Consultancy on day to day queries
FAQ's
- Login to the GST portal
- Go to Dashboard – Services – Registration – Amendment in core fields
- Go to place of business tab and fill in the details of the new place of business.
- Upload the documents such as rent agreement along with electricity bill in case the premises is rented or documents of ownership in case the premises is self-owned.
- Save the application and then submit the same with DSC in case of companies or EVC in case of individuals.
- Once the application is filed, the officer has a maximum of 15 days to either approve the application or raise a query in case of any doubt.
- Once all above steps are completed then the company is ready to conduct its business activity in India.
The Goods and Services Tax (GST) , was introduced in India on 01st July 2017 , with a view to have a “One Nation One Tax” regime. Following taxes have been subsumed in GST:
(A) Taxes levied and collected by Centre :
1. Central Excise duty
2. Duties of Excise (Medicinal and Toilet Preparations)
3. Additional Duties of Excise (Goods of Special Importance)
4. Additional Duties of Excise (Textiles and Textile Products)
5. Additional Duties of Customs (commonly known as CVD)
6. Special Additional Duty of Customs (SAD)
7. Service Tax
8. Central Surcharges and Cesses so far as they relate to supply of goods and services
(B) Taxes levied and collected by State’s/UT’s :
1. State VAT
2. Central Sales Tax
3. Luxury Tax
4. Entry Tax (all forms)
5. Entertainment and Amusement Tax (except when levied by the local bodies)
6. Taxes on advertisements g. Purchase Tax
7. Taxes on lotteries, betting and gambling
8. State Surcharges and Cesses so far as they relate to supply of goods and services
The GST registration certificate is issued in Form GST REG-06. The GST Registration Certificate includes the GST Number (GSTIN) and key details of the registered business name, address, and date of registration of business are displayed. The second page shows the details of additional place of business and the third page shows the detail of person in charge of the business.
The process to get the GST registration certificate is as follows :
1. Visit GST India Protel at http://www.gst.gov.in;
2. Click on the “Login” button;
3. Enter the ‘Username’ and ‘Password’ along with the captcha code in the relevant field and click ‘Login’;
4. On the dashboard, go to ‘Services’ then ‘User services’ and then click on ‘View/Download Certificate’;
5. Click on ‘Download’ icon on the screen to download the GST certificate.
Yes, In GST regime export of goods and services is considered as Inter- state Supply and as per section 24 of CGST Act every person who engages in inter state supply of goods or services is required to take compulsory registration. However as per Notification No .10/2017- Integrated Tax dated 13th Oct 2017 central government has exempted the inter state supplier of taxable service having aggregate turnover not exceeding INR 20 Lakh from the compulsory requirement of registration . Further limit of INR 20 Lakh will be taken INR 10 lakh in case of special category state.
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