Get GST Registration Number For a New BusinessBusiness InformationUpdated on Feb 20, 2019 View more like this | Visit India, UN | Contact Maya Kashyap |
Now-a-days, getting a GST number for your business is essential and let’s see here how Alankit Assignment Ltd helps you in getting one.
Goods and Services Tax or GST is an indirect tax that came into existence in India since March 2017. It replaces all the other taxes such as VAT, entertainment tax, service tax, excise duty, etc. This tax eliminates flow of tax-on-tax which was in use. GST is mainly applicable for manufacturing industries, e-commerce, trade, services, etc. Many GST consultants are available in the market who helps in GST Registration Number. When you go into the e-governance company such as Alankit Group, they will not only help you with the registration but also have brought out GST software for the businessman to use it in their organisation. All the company that exceeds a turnover of Rs 20 lakhs should go in for GST registration otherwise they cannot claim input tax credit under GST or might even be penalised.
Advantages of GST:
The main impact of GST is that it has removed tax on tax. This has resulted in the decrease of the cost of the goods. In case of GST, registration, application for refund, return filing, response to notice, etc. have to be done online only. Let’s see here some of the advantages of GST:
• Removes cascading tax effect
• Higher threshold for registration
• Composition scheme for small business
• Online Simpler Procedure under GST
• Lesser Compliances
• Defined treatment or e-commerce
• Increased efficiency in logistics
• Regulating the unorganised sector
Components of GST
GST has three taxes CGST, SGST & IGST.
1. CGST – is meant for intra-state sale and goes to Central Government
2. SGST – is meant for intra-state sale and goes to State Government
3. IGST – is meant for inter-state sale and goes to Central Government
A GST Suvidha Provider is the one who helps with all the related processes of GST. Whatever may your query about GST, you will get the correct answer and guidance from the GST Suvidha Provider. Alankit is one such GST Suvidha Provider that it helps its customer with all the services related to GST. They have their own software called Alankit GST Muneemji which is high-utility based software for GST in India. This software simplifies the process of GST return filing.
The need for using GST Suvidha Provider (GSP):
Let’s see here why do you need a GST Suvidha Provider (GSP).
• Under GST, tax automation is critical as it is very difficult to follow all the requirements needed for the GST.
• High level of synchronisation of data is required so that all the data could be transferred from taxpayer’s system to GST Network system
• To achieve this synchronisation is very difficult and requires automation.
Hence, GST Suvidha Provider (GSP) is the ideal choice to pay all your tax with much ease. It is also to be noted that GSTN can interact only with the GSP and not with the tax payers. Under the circumstances, it becomes imperative to avail the services of the GSP like Alankit Assignment Ltd. They have mastered in the GST and will provide you with the right services and you can be rest assured and concentrate on your business.
Goods and Services Tax or GST is an indirect tax that came into existence in India since March 2017. It replaces all the other taxes such as VAT, entertainment tax, service tax, excise duty, etc. This tax eliminates flow of tax-on-tax which was in use. GST is mainly applicable for manufacturing industries, e-commerce, trade, services, etc. Many GST consultants are available in the market who helps in GST Registration Number. When you go into the e-governance company such as Alankit Group, they will not only help you with the registration but also have brought out GST software for the businessman to use it in their organisation. All the company that exceeds a turnover of Rs 20 lakhs should go in for GST registration otherwise they cannot claim input tax credit under GST or might even be penalised.
Advantages of GST:
The main impact of GST is that it has removed tax on tax. This has resulted in the decrease of the cost of the goods. In case of GST, registration, application for refund, return filing, response to notice, etc. have to be done online only. Let’s see here some of the advantages of GST:
• Removes cascading tax effect
• Higher threshold for registration
• Composition scheme for small business
• Online Simpler Procedure under GST
• Lesser Compliances
• Defined treatment or e-commerce
• Increased efficiency in logistics
• Regulating the unorganised sector
Components of GST
GST has three taxes CGST, SGST & IGST.
1. CGST – is meant for intra-state sale and goes to Central Government
2. SGST – is meant for intra-state sale and goes to State Government
3. IGST – is meant for inter-state sale and goes to Central Government
A GST Suvidha Provider is the one who helps with all the related processes of GST. Whatever may your query about GST, you will get the correct answer and guidance from the GST Suvidha Provider. Alankit is one such GST Suvidha Provider that it helps its customer with all the services related to GST. They have their own software called Alankit GST Muneemji which is high-utility based software for GST in India. This software simplifies the process of GST return filing.
The need for using GST Suvidha Provider (GSP):
Let’s see here why do you need a GST Suvidha Provider (GSP).
• Under GST, tax automation is critical as it is very difficult to follow all the requirements needed for the GST.
• High level of synchronisation of data is required so that all the data could be transferred from taxpayer’s system to GST Network system
• To achieve this synchronisation is very difficult and requires automation.
Hence, GST Suvidha Provider (GSP) is the ideal choice to pay all your tax with much ease. It is also to be noted that GSTN can interact only with the GSP and not with the tax payers. Under the circumstances, it becomes imperative to avail the services of the GSP like Alankit Assignment Ltd. They have mastered in the GST and will provide you with the right services and you can be rest assured and concentrate on your business.
