GST Registration, GST Migration, Transition to GST, GST Composition Scheme.
GST (Goods And Service Tax) Is An Indirect Tax Imposes On The Supply Of Goods And Services. It Has Replaced Many Direct Tax Laws That Previously Existed In India. Under The GST Authorities Tax Will Be Imposed At Every Point Of Sale. Let Us Try To Understand ‘GST’ That Will Be Imposed On Every Value Addition. Advantage of GST.
1. It Reduce Number Of Indirect Taxes.
2. Tax System Of India Will Be Easier.
3. According To National Council Of Applied Research, There Is Possibility To Increase The Value Of Domestic Production.
4. After GST There Will Be No Hidden Taxes And The Cost Of Doing Business Will Be Lower.
5. GST Will Be Levied Only At the Final Destination of Consumption Based On VAT Principal Not at Various Points.
6. GST Will Also Help to Build a Transparent and Corruption Free Tax Administration.
Document Required :
ü Aadhaar card
ü Bank account Statement / Cancelled Cheque
ü Board Resolution (In case of Company or Firm)
ü Digital Signature ( in case of company )
ü Electricity Bill
ü PAN of Proprietor/Partner/Directors
ü Partnership Deed/Incorporation Certificate
ü Photograph of Proprietor/Partner/Directors
ü Rent Agreement / Property Documents
ü Persons employed For Udyog Aadhaar Registration
Nice and I agree, there are several benefits of GST Registration and the major benefit is that, it allows to sell products offline as well online stores which helps us our brand to grow.
ReplyDeleteAFS helps customers to export their goods without payment of tax under the method of LUT refund. Entrepreneurs may face difficulties while filing the RFD-11 application. It includes many formalities and needs perfect data for the approval of the LUT refund registration under GST. This Letter of Undertaking method remains
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Thank you for this awesome information. The information for GST Registration is truly helpful. Under The GST Authorities Tax Will Be Imposed At Every Point Of Sale. Please write for online accounting and bookkeeping service. Thanks for sharing your knowledge
ReplyDeleteThank you for this helpful blog , i found this very helpful.
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