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Best GST Registration Services in Chennai
The Goods and Services Tax (GST) is an indirect tax system applied to goods and services in India. Implemented on July 1st, 2017, the GST law is a comprehensive, multi-stage, destination-based tax that is imposed on every value addition. In simple terms, it is an indirect tax levied on the supply of goods and services and replaces the previous tax system.
Under the new GST system, all parties involved in buying, selling, or providing goods or services must register for GST. Failure to do so could result in the inability to collect GST from a client, claim a GST input tax credit, or even penalties. Additionally, registration under GST is mandatory once an entity crosses the minimum turnover threshold or starts a business expected to surpass the recommended turnover.
Our GST Registration Procedure
While the GST registration process is straightforward, it is advisable to seek the assistance of a professional. Goodwill India has extensive experience in GST registration, having successfully registered thousands of businesses throughout Tamil Nadu.
What are the GST tax slabs?
There are three main tax slabs:
Top GST Registration Agent in Chennai
Resolve the Queries
Delivery of Certificate
Following several rounds of follow-ups with the authorities, the approval will be granted, and a digital copy of the certificate will be sent via email.
After addressing all the queries raised by the authorities, it is necessary to regularly follow up with them to obtain approval.
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Necessary Documents For Online GST Registration
The following is the list of documents required for GST registration for various businesses:
Documents Collection & Management
Proof of address of a Director/CEO (It Can Be Any One)
Resolve the Queries
After submitting the application, the government department may raise some queries that need to be addressed.
Apply for Registration
All supporting documents must be submitted along with the GST application to the relevant authorities.
The services or persons making a turnover of more than Rs. 20 lakhs per annum are applicable and need to pay GST based on their tax rate.
The business related to goods, manufacturers, and wholesalers is applicable for goods taxes in GST. A company acquiring a turnover of Rs. 40 lakhs per annum is eligible for GST registration and pays tax under GST.
GST or Goods and Services taxes have four components central Goods and services taxes (CGST), State goods and Services taxes (SGST), Union Territory Goods and Services Taxes (UGST), and Integrated Goods and Services Taxes (IGST). These are the components of GST.