Online GST Registration Consultants in Chennai | GST Return Filing
Online GST registration so far applies to all goods and services except petroleum products. The Goods and Services Tax (GST) is also described as consolidated tax, that means state and central indirect taxes have been merged. The whole country now operates under a uniform tax system. It now gets turned the service tax, excise, VAT, entertainment tax, luxury tax. The process of GST registration in India is completely online. It does not require any manual intervention or any physical paper submissions. A very simple procedure has been suggested for GST registration. The previous GST exemption limit was Rs 20 lakh for all businesses and services. But now with the latest update businesses with an annual turnover of up to Rs 40 lakh have been exempted from GST. In addition, people with a turnover of up to Rs 1.5 crore can get the composition scheme and pay only 1% tax. However, the turnover exemption limit for services is still Rs 20 lakh. Also, a service provider with a turnover of up to Rs 50 lakh can opt for a composition scheme for services and pay only 6% tax.
Online GST registration process
Companies and businesses in India are required to complete GST registration online. Companies that do not require GST registration can register on a voluntary basis, and acquire legal rights as a supplier of approved goods / services, thus enabling consumers to apply for GST. By following a few simple steps outlined here, companies as taxpayers can reap many benefits and achieve business growth. The GST registration process starts with filling up the application form. Enables unsolicited industries to save valuable time and effort through new GST registration, in coimbatore improvement in GST registration and seamless services related to cancellation of GST registration.
Applicants for registration will have to provide important details after verifying themselves as a taxpayer or GST practitioner. The required details in the part of the form are their business legal name, permanent account number, location of business establishment, contact details, etc.
GST registration needs Documents required for verification should be uploaded online.
Applicants will be sent the application reference number via SMS or email after filling up the complete form including Part B.
If merchants have multiple branches in different states, they must complete a separate registration process for each state. Businesses with more than one vertical are required to register separately for each vertical.
GST filing in Chennai
It has been four years since GST was introduced in the country, but small and medium enterprises are still struggling to prepare for a significant increase in compliance. The need to file a large number of GST returns is yet another factor that contributes to the difficulties faced by business owners. While some businesses are successfully keeping pace with technology, others need to go even further.
All manufacturers, service providers and traders are required to register under GST return filing in chennai. The GST return refers to the documents that the taxpayer files with the income tax authorities based on the period. Anyone registered on the GST portal is required to provide information related to trade, purchase, and sale, paid and collected trade – by filing GST online GST return. Tax officials use the information to calculate tax liability.
The steps for Online GST filing & GST return filing
- Visit the GST portal
- Password Login using your password and username
- Services Click on the ‘Services’ button and go to the ‘Return’ dashboard
- Select the GST return filing period to see the various forms available and the due date for each return filing.
- Click on ‘Prepare online’ to proceed with GST filing in chennai
- Values Enter the required values, i.e. amount and late fee (if applicable)
- Once you have finished filling in the details, then click on ‘Save’.
- Click the ‘Submit’ button at the bottom of the page to file the return
- Next, click on ‘Tax Payment’ and go to ‘Check Balance’ so that you know the details before you pay the tax.
- To clear your obligations, specify the amount of credit you would like to use from the available credit
- Click on ‘Set Facet Liability’ to make the payment
- Once you receive confirmation, click ‘OK’.
- At the end check the checkboxes against the declaration and select the authorized signer from the drop down
- Click on ‘File Form with EVC’ or ‘File Form with DSC’ and click ‘Proceed’.
- Respective Make payment for your respective GST form, gst registration in erode.
Recent news of GST
GST consultant has the update on 22 December 2020
GST registration in chennai can be canceled or revoked under CGST Rule 21A at the discretion of the tax officer in the following cases:
The main difference between GSTR-3B and GSTR-1 and GSTR-2B
Use of ITC from an electronic credit account with some exceptions, with a total taxable value of a supply of more than Rs 50 lakh per month – use of an ITC from an electronic credit account to discharge more than 99% of the tax liability for clear taxpayers.
GSTR-3B filing in chennai has not been filed for more than two consecutive months as one taxpayer has not filed GSTR-1 (a quarter for those who prefer the QRMP scheme).
The following taxpayers are exempt from this restriction:
Registered taxpayer where in the last two financial years for more than Rs 1 lakh is paid as income tax, in the late IT return of his or her owner or any two partners. Registered taxpayers received more than Rs. 1 lakh as refund of unused input tax credit under GST on the basis of zero-rated supply without payment of tax or vertical tax structure.
The registered taxpayer has paid more than 1% of the GST liability for the entire tax period so far in the current financial year using only his electronic cash account. Government departments, PSUs, local authorities, statutory bodies, etc.
The proposed changes to the e-way bill are as follows:
As of January 1, 2021, the validity of e-way bill for cases other than over-dimensional cargo is now calculated at 200 km. Depending on the distance of, 100 km.
Failure to submit GSTR-3B for two consecutive tax periods under CGST Rule 21A or deferment of GSTIN will block the e-way bill under Rule 138E. To know more about online GST registration in bangalore, click here.