GST Registration in Bangalore

Unlock the advantages of taxation by securing GST Registration in Bangalore through Solubilis. Our top-notch services extend across Bangalore, covering Silk Board, Yeshwanthpur, Bommanahalli, Hosur, Electronic City, and KR Puram. Simplify the complexities of online GST registration in Bangalore and filing with Solubilis, a leading solution provider. GST is mandatory for all Indian traders, manufacturers, and freelancers. Our online-based GST service eliminates the need for intermediaries.

Before GST, various taxes like service tax and luxury tax existed; now, GST combines all these into one. Throughout the supply chain—from procurement to manufacturing, sales, and consumer transactions—GST must be applied. For turnovers under Rs.1.5 crores, individuals can opt for composition schemes, streamlining GST formalities with a fixed turnover rate. Any one may apply for new GST registration.

Income Tax

Annually, both individuals and companies must meet their Income Tax obligations within specified deadlines. Governments levy taxes on income generated by individuals and companies in accordance with the Income Tax Act for the respective financial year. It is mandatory for companies and individuals to file income tax returns annually, contributing to the government's revenue. These funds are crucial for funding public services and fulfilling governmental obligations. Solubilis assists individuals and companies in seamlessly filing their income tax returns through an online portal, ensuring a convenient and efficient process.

Documents required for GST Registration

Following documents are needed for GST registration in Bangalore

Private limited

  • Certificate of incorporation
  • Board resolution
  • Electricity bill and property tax receipt of premises
  • Rental agreement if taken on rent, NOC form owner if he/she belongs to the family
  • Photo of all the directors.
  • Pan and aadhar copy of directors.
  • Mail id of all directors
  • Contact no of all directors
  • Ward no of the address premises.

Partnership

  • Authorization letter
  • Copy of Partnership deed
  • Partners photo
  • Copy of PAN and aadhar of all partners.
  • Mail id of all directors
  • Contact no of all directors
  • Electricity bill and property tax receipt of premises
  • If the property is belong to one of the partner, he has to give NOC or rental agreement
  • Ward no of the address premises

Proprietorship

  • Copy of PAN of proprietor
  • Copy of Aadhar of proprietor.
  • Copy of passport size photo of proprietor.
  • If the property is belong to one of the partner, he has to give NOC or rental agreement
  • If owned, electricity bill and property tax receipt of premises
  • Ward no of the address premises.

LLP

  • Certificate of incorporation
  • Authorization letter
  • Electricity bill and property tax receipt of premises
  • Rental agreement if taken on rent, NOC form owner if he/she belongs to the family
  • Photo of all the Partners.
  • Pan and aadhar copy of Partners.
  • Mail id of all Partners
  • Contact no of all Partners
  • Pratnership Deed
  • Ward no of the address premises.

GST registration documents for OPC

  • Certificate of incorporation
  • Board resolution
  • Electricity bill and property tax receipt of premises
  • Rental agreement if taken on rent, NOC form owner if he/she belongs to the family
  • Photo of the director.
  • Pan and aadhar copy of director.
  • Mail id of the director
  • Contact no of director
  • Ward no of the address premises.

When the above documents are given, Solubilis does the seamless online GST registration in Bangalore.

Benefits of GST Registration

  • GST removes the cascading effect of tax
  • Higher registration threshold
  • Composition scheme for small businesses
  • Simple and easy online procedure
  • The number of compliances is lesser
  • Defined treatment for E-commerce operators
  • Improved efficiency of logistics
  • Regulation of unorganized sectors
  • Curbs corruption and unrecorded sales
  • It eliminates border taxes and resolves in check posts
  • Small companies can comply with exercise, service tax and VAT.
  • Enjoy the benefits of a more efficient and corruption-free tax system with GST.

Documents Required

1. Individual Bank Statement. ( All the accounts )
2. Investment details ( For Eligible Deductions ) (80C, 80CCC, 80CCD, 80CCG, 80D, 80DD, 80DDB,80E, 80G,80GG, 80GGC, 80TTA, 80TTB, 80U )
3. Aadhaar Card Copy and Pan Card Copy.
4. Source of Income
  • Declare - Salary Income
  • Declare - Rent Income ( Own or Joined House Property )
  • Declare - Income from Business or Profession ( Profit sharing or Salary from the Firm or Company )
  • Declare - Capital Gain ( Any property or Shares or Mutual funds or PF etc, sold )
  • Declare - Any income from other sources

5. Kindly provide the eligible deductions expenses,

  • LIC Policy premium payment
  • Rent paid
  • School Fees for children
  • Housing Loan ( Provide the split up - Interest part and Principle part )
  • Donations paid
  • Health insurance premium Paid

FAQ'S


Income Tax

Individuals and non-audit cases have a deadline on July 31 of the assessment year. Audit cases must be completed by September 30.

Filing a return after the due dates is allowed, but late filing incurs penalties. Ensure timely filing to avoid penalty charges.

Submit a request letter to the Assessing Officer after settling pending tax dues for the specific financial year.

You can show ITR as your proof of income.

You can claim the refund.

You can avail the loans

You can avail the Credit Cards.

ITR is mandatory for VISA

You can carry forward your losses.

Anyone can check the refund status in this link - https://tin.tin.nsdl.com/oltas/refund-status-pan.html

The Tax Deduction and Collection Account Number (TAN) is a unique identifier necessary for individuals responsible for deducting or collecting taxes. It is mandatory for tax compliance.

Income Tax Act's Section 44AB addresses Tax Audits, mandatory for those with audited accounts by a Chartered Accountant. The CA performs the tax audit, providing findings in Form Nos. 3CA/3CB and 3CD, detailing observations. Compliance with this section is crucial for businesses undergoing audits to ensure tax regulations are met.

Advance tax refers to paying taxes beforehand rather than in a lump sum at the fiscal year-end.

The instalment schedule is as follows, calculated based on expected liability:

  • 15 % on the Expected liability – On or before 15th June
  • 45 % on the Expected liability – On or before 15th September
  • 75 % on the Expected liability – On or before 15th December
  • 100 % on the Expected liability – On or before 15th March

This proactive approach ensures timely contributions and helps individuals and businesses manage their tax responsibilities effectively, avoiding last-minute financial burdens and promoting fiscal responsibility throughout the year.

No. Agriculture income is not taxable.

Yes. You have to maintain the proofs for your every sources of income.

GST

A destination-based tax on goods and services, applicable from manufacturing to the end consumer. Credits for taxes paid at earlier stages are available as input credits, making the system comprehensive and efficient.

Both Central GST and State GST are imposed concurrently on every transaction involving the supply of goods and services, excluding exempted items and entities below the specified threshold. For instance, with an 18% GST rate, SGST is 9%, and CGST is 9%.

For interstate trade, the GST on the supply of goods and services is administered by the Central Government as IGST. For instance, with an 18% GST rate for traded goods, the IGST applicable would be 18%.

Companies must register for GST if their annual turnover exceeds Rs. 40 lakhs (Rs. 20 lakhs for services). Additionally, even if the turnover is below the threshold, mandatory registration is required for interstate sale of goods. Stay compliant with GST regulations to ensure smooth business operations.

No. Person registered under composition scheme is not eligible to claim input tax credit.

Buyers from a registered person under the composition scheme are ineligible for composition input tax credit. This is because suppliers in the composition scheme cannot issue a tax invoice.

Goods and services imports are treated as inter-state supplies, attracting IGST. Full offset is granted for GST paid on imported goods and services, ensuring a fair and transparent system for businesses engaged in international trade.

Exports are considered zero-rated, meaning no tax is payable on exported goods or services. However, exporters can claim input tax credit and seek refunds. Exporters have the flexibility to either pay tax on output and claim IGST refund or opt for a bond-based export without IGST payment, subsequently claiming Input Tax Credit refunds. This provides exporters with choices to optimize their tax processes and facilitate smoother international trade.

In certain supply categories, the responsibility to pay tax rests with the recipient of goods or services, not the supplier. This shift in liability streamlines tax procedures for specified transactions.

When a registered individual acquires goods or services from an unregistered entity, they are responsible for paying the tax through the reverse charge mechanism. This simplifies taxation for such transactions.

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