Best GST Registration Service in Chennai

Goods and Services Tax (GST) is an additional tax on the value of most of the goods and services offered to consumers in the domestic market. It is a destination-based tax on the consumption of items and services. It is planned to be imposed throughout the entire process from production to consumption, with credits for taxes previously paid in the form of set-off. In short that only value-added will be taxed. The taxes will be paid by the end-user.

The tax was implemented as of July 1 in 2017 following the adoption of the One Hundred and First Amendment of the Constitution of India by the Indian Government. It replaced the existing tax system of Central taxes as well as State Government taxes.

The rates of tax, the rules, and regulations are overseen by the GST Council which consists of the finance minister from central as well as all states. GST is intended to replace an array of indirect taxes through a unifying tax, and will therefore be expected to transform the nation's 2.4 trillion dollars economy. Tax rates on GST range between 0% and 28 percent based on the kind of product and the Nature of Goods Your business sells. GST is a tax that GST will be paid out by the consumer however, it is paid towards the federal government through firms that sell products and services. In the end, GST provides revenue for the government.

Who Should Register to Be A GST Registrant?

• Individuals who are registered under the Pre-GST law (i.e., Excise Tax, VAT Tax, Service Tax, etc.)
• Companies with a turnover that is greater than the threshold of Rs. 40 Lakhs* (Rs. 10,0 Lakhs to the North-Eastern States, J&K, Himachal Pradesh, and Uttarakhand)
• Casual taxable person / Non-Resident taxable person
• Agents of a supplier and distributors of input services
• Taxpayers who pay tax under this reverse charge system
• A person who sells via e-commerce and aggregator
• Every aggregator of e-commerce

A person who provides online information and access to databases as well as retrieval and access services via other than India to a person located in India that is not a registered taxpayer CBIC has announced the rise in threshold turnover, from 20 lakhs to 40 lakhs. The notice will take effect from April 1, 2019.

Documents Required to Be Submitted for GST Registration in Chennai:

• PAN of the applicant
• Aadhaar card
• The proof of business registration or incorporation certificate
• Identification and address evidence of Promoters/Directors with photographs
• Proof of address of the place of business
• Statement of Bank Account/Cancelled Cheque
• Digital Signature
• A Letter of Authorization or Board Resolution to Authorized Signatory