GST Registration Kozhikode
A common taxation process implemented all over India was the GST. Goods and Service Tax which varies according to the business types. We at Corproots helps you GST registration Calicut at very simple steps. For the customers who need to register your company in and around cochin and in other cities of kerala, we want to let you know a few points why this is actually needed.
- Indian government has announced that it is necessary for every business to have GST, a business without GST has to pay hefty fines and penalties.
- If a GST is registered for a business, then is the only tax he/she needs to pay for the business.
- This automatically helps you to collect GST from your customers
It is better to get GST for your business today, to have a hassle-free workflow for your business. Our company is a well established one in Kerala and has done GST registrations in Kerala for more than 3000+ businesses in India. So wherever you are in India we help you to acquire GST for your business at very easy steps
3 Variations of GST:
GST has been segregated accordingly as
- Central Component – CGST(Central Goods and Services Tax)
- State Component – SGST(State Goods and Services Tax)
- IGST(Integrated Goods and Services Tax ) when a transaction happens between two states.
Who needs to pay GST?
It is mandatory in India to register GST for a business that involves product manufactures, buyers, sellers and etc, but it depends upon the business turnover too, some of the people who needs to pay GST were
- Previous Law Converted Taxpayer
- In a year if the Turnover for Goods Provider crosses Rs. 40 lakh
- As of the same, for Service Provider who crosses Rs. 20 lakh in a year
- Taxpayers
- Input Service Distributor (ISD)
- Taxable NRI people
- Reverse Charge Mechanism (RCM)
- E-Commerce Sellers & Portals
- Online Portal Outside India
- Transferee
- Brands Name
- Other Taxation
- Inter-State Registration/ Operation
- Voluntary GST Registration
- If a business has multiple branches
Easy steps to register GST:
Four simple steps to register your company for GST,
Step 1: Fill the application form
Step 2: All your documents will be verified
Step 3: With all your forms and required documents attached, a declaration is made
Step 4: Once approved you will receive your GST number
Documents required for GST Registration in Kerala:
Only minimal documents are required for registering GST
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Address proof of proprietor
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LLP Agreement
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Private Limited Company – Certificate of Incorporation, Articles & Memorandum of Association, Digital Signature and etc
Why is it so important for a business to register for the GST?
- You can save money
- Increased revenue and employment
- Increase in GDP
- Can resolve multiple taxation issue
- Ease of business
When you register it voluntarily
- Interstate operations will be easy
- Take Input Tax Credit
- It is more beneficial for ecommerce website
- More trustworthy
- Increased business growth
What is GSTIN?
A unique code for a business who needs to register GST, it consists of 15 digit alphanumeric code for maintaining a high level of transparency. As per the 2011 census
- The first 2 digits in the code represent the state
- The next 10 digits represents the pan number of the entity
- 14th digit will be Z by default
- 15th digit will be automatically generated(checksum digit)
We are the best people for GST registration in Kerala and you can get your GST number within a week, with minimal procedures. Call us today to have a free assessment and information for registering GST for your company.