GST Registration in Coimbatore

Solubilis - India’s Preferred GST Registration partner to complete all the complicated registrations and GST filings. Our GST Registration consultants complete your registration in just minutes. GST was launched in July 2017. It is applicable to all the Indian service providers (including freelancers), traders and manufacturers. Before the implementation of GST, a variety of tax mechanisms existed, like Service Tax, Excise Duty, CST and state taxes like Entertainment Tax, Luxury Tax, Octroi, VAT, etc. These all taxes get combined into one form and are known as GST (Goods & Services Tax). GST Is an online based service and there is no other intervention required for that.

Every product goes through multiple stages of the supply chain. It includes purchasing, manufacturing, sales, and finally sells to the consumer. In all these stages, the person has to charge GST Rate. But if the person has the turnover of less than Rs.1.5 crore, then they can choose composition schemes to get rid of tedious GST formalities and pay GST at a fixed rate of turnover.

Get Your GST Registration from Solubilis and enjoy the tax benefits. We offer our services over Ondipudur, Peelamedu, Udayampalayam, Somanur, and all over Coimbatore.

Documents Required for GST Registration

  • Applicant’s PAN Card
  • Aadhaar card of the Applicant
  • Incorporation certificate or any Business registration proof
  • Identity and Address proof of Promoters/Director with Photographs
  • Place of business and its address proof
  • Bank Account statement / Cancelled cheque
  • Digital signature of the Proprietor
  • Letter of Authorization / Board Resolution for Authorized Signatory

Benefits of GST Registration

  • GST eliminates the cascading effect of tax
  • Higher threshold for registration
  • 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
  • Under GST we can regulate sectors which is Unorganized

FAQ'S


Income Tax

For Individuals and Non Audit Case - 31st July of the assessment year. For Audit Cases - 31st September of the assessment year.

A return can be filed after the due dates. Penalty will be charged if the return is filed after the due dates.

Request letter to be submitted to the Assessing Officer after making the pending tax dues for the particular 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.

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

Tax Deduction and Collection Account Number is a unique number required to be registered by all persons who are responsible to deduct or collect the tax.

Section 44AB of the income tax act deals with Tax Audit. Tax audit is required for those who get their accounts audited from a chartered accountant. The CA conduct the tax audit and will give his findings, observation, etc., in Form Nos. 3CA/3CB and 3CD.

Advance tax means making the tax in advance instead of lump sum payment at end of the financial year.

Advance Tax instalment are below, (To be calculated based on the 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

No. Agriculture income is not taxable.

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

GST

It is a destination based tax on goods and services. It is levied at all stages starting from manufacture up to end consumer with credit of taxes paid at earlier stage available as Input credit.

The central GST and State GST is levied simultaneously on each transaction of Supply of goods and supply of services except for exempted good and services and entities below the prescribed threshold limit. Example if rate of GST is 18% - SGST is 9% CGST is 9%.

The GST on supply of Goods and Services in the case of inter- State trade shall be imposed and collected by Central Government that is IGST. Example if rate of GST is 18% for the goods in trade – IGST – 18%.

Companies involved in supply of goods with annual turnover of more than Rs.40 and Rs 20 lakhs in case of services are required to register GST mandatorily. In addition to the turnover, if there is Interstate sale of goods its mandatory to register GST irrespective of the turnover

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

No, customer who buys goods from registered person who is under composition scheme is not eligible for composition input tax credit because composition scheme supplier cannot issue a tax invoice.

Imports of Goods and Services will be considered as inter-state supply IGST will be levied on import of goods and services. Complete set-off will be available on the GST paid on import on goods and services.

Exports have treated as zero rated. No tax will be payable on exports of goods or services, But input tax credit will be available and the exporter can get refund. The Exporters are insist as an option to either pay tax on the output and claim refund of IGST or export under Bond without payment of IGST and claim refund of Input Tax Credit.

It means the liability to pay tax is on the recipient of goods and services instead of the supplier of goods or services in respect of specific categories of supply.

In case of receipt of supply from an unregistered entity, the registered person who is receiving goods or services shall be liable to pay tax under reverse charge mechanism.

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