In India, the Goods and Services Tax (GST) has simplified the indirect taxation system by replacing multiple taxes levied by the state and central governments. If you are a business owner in Bangalore, understanding how to register for GST is crucial for compliance and seamless operations. This guide provides a step-by-step process to help you navigate through GST registration in […]
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What is Company and what are its benefits? A company in India is a voluntary association of individuals formed for the purpose of carrying out business activities, which can be for-profit or non-profit. It is a distinct legal entity separate from its members (shareholders) and is recognized by law. This means that the company itself can own property, incur liabilities, […]
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The Goods and Services Tax (GST) registration limit in India has been a subject of frequent changes and adjustments since its implementation on July 1, 2017. As of update in January 2022, the threshold for GST registration was primarily set at 20 lakhs INR of annual turnover, with some exceptions and variations depending on the type of business and the […]
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Calculating aggregate turnover for Goods and Services Tax (GST) registration is a crucial step for businesses in India. Aggregate turnover determines whether a business is required to register under GST and what type of registration is applicable. In this blog, we will explain how to calculate aggregate turnover for GST registration and the key considerations involved. Understanding Aggregate Turnover: Aggregate […]
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Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. It has replaced various indirect taxes like VAT, excise duty, and service tax, simplifying the taxation system. GST registration is mandatory for businesses and individuals involved in the supply of goods or services above a certain threshold turnover. But what […]
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GST (Goods and Services Tax) is a value-added tax levied on the supply of goods and services in India. Businesses with an annual revenue of more than Rs. 10,000 are required to register for the GST. 20 million (Rs. 10 lakhs for businesses in the states to the north-east). The following are the steps to register for GST in India: […]
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Yes it is possible ,A person having multiple business verticals in a state can obtain for different registrations in GST. Solubilis is top GST Consultants in Chennai,Coimbatore&Bangalore. Solubilis having expert team having helps you to do end of the registration. The value-added tax (GST Registration) is only levied at each stage of the supply chain, which includes the production, sale, […]
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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 […]
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