GST Registration In Ghantaghar Kanpur 

GST  Tax is an indirect tax in Kanpur, Uttar Pradesh which has replaced many indirect taxes in India such as the excise duty, VAT, services tax, etc. The Goods and Service Tax Act or GST Act came in to effect from July 01, 2017, Just six months after demonetization. In short, GST is a comprehensive, multi-stage, destination-based tax indirect tax levied on the supply of goods and services on every value addition in Kanpur, Uttar Pradesh (UP). GST is a single domestic indirect tax law for the entire country. GST Registration In Ghantaghar is reliable & fast for new registration. So you should get registerd in GST Registration In Ghantaghar Kanpur.

What is GST/Concept of GST Registration in Ghantaghar Kanpur, Uttar Pradesh (UP)

GST stands for “GOODS & SERVICE TAX”. GST is an indirect tax that is levied on the supply of goods and supply of services in Ghantaghar Kanpur, Uttar Pradesh (UP). GST is a destination-based tax.

GST is introduced by the government to replace other indirect taxes such as-

1. Service Tax
2. Excise Duty
3. Value Added Tax
4. Purchase Tax

GST Act is applicable all over India with effect from 01st July 2017. GST is a single indirect tax law for the whole country. GST is a tax that is levied at each point of sale.

Benefits of GST  Registration in Ghantaghar Kanpur, Uttar Pradesh (UP)

The benefits of GST are as follows-

1. It enhances investment and employment.
2. It boosts to “Make in India” initiative.
3. It creates a unified national market.
4. Certainty in tax administration
5. Ease of doing business.
6. Reduction in compliance cost.
7. Automated procedures with the use of IT.
8. Beneficial to industries.
9. Beneficial to small businesses.

Taxes Subsumed under GST Registration in Ghantaghar Kanpur, Uttar Pradesh (UP)

Before the introduction of GST, there are many indirect taxes which are levied by the central & state.

There is a list of central & state taxes which are subsumed under GST-

1. Central Excise Duty & Additional Excise Duty
2. Central Sales Tax
3. Service Tax
4. CVD & Special CVD
5. Excise Duty under Medicinal & Toilet Preparation Act
6. Central Surcharges & Cesses
7. VAT/ Sales Tax
8. Luxury Tax
9. Taxes on Advertisements
10. Entry Tax
11. Purchase Tax
12. Entertainment Tax
13. State Surcharges and Cesses.

Eligibility for GST Registration in Ghantaghar Kanpur, Uttar Pradesh (UP)

The Provision of GST will be applicable on the following persons-

1. The person whose amount of turnover is more than the threshold limit.
2. Non- Resident Taxable Person.
3. ISD- Input Service Distributors.
4. E-Commerce Operators.
5. Casual taxable person.
6. TDS Deductor
7. Individuals who are paying the tax under the reserve charge mechanism

The GST Registration in Ghantaghar Kanpur, Uttar Pradesh (UP) is mandatory for –

• All the dealers whose annual amount of turnover is more than 20 lakhs when there is the supply of services and 40 lakhs if there is the supply of services.
• Inter-state supplier- Person making inter-state outward supply of goods.
• The person who is receiving supplies on which the tax is required to be payable by the receipt of supply on the basis of reverse charges.
• Casual taxable person.
• Non- resident taxable person.
• The person who supplies on the behalf of another person (means an agent ).
• E-commerce operator.
• TDS deductor.
• ISD (Input service distributor).
• The person who is supplying online information and database access or retrieval services to a person who is non-resident in India from outside India.

Voluntary Registration- If any entity wants to be registered under GST, it can take voluntary registration.

List of documents required for GST registration in Ghantaghar Kanpur, Uttar Pradesh (UP)

The following documents are required for obtaining the registration under GST:

• Proof of Business Constitution- Certificate of business incorporation or Business registration
• Photo of the applicant (Authorized Person/ Promoter/ Partner).
• Identity of Promoter/Authorized person.
• Proof of address of Promoter/ Authorized person.
• Proof of appointment of such authorized person.
• Address proof of Business.
• Proof of Bank account
• Digital Signature

Component of GST Registration in Ghantaghar Kanpur, Uttar Pradesh (UP)

Under the GST law, there are 4 taxes-

• CGST- Central Goods & Service Tax
• SGST- State Goods & Service Tax
• IGST- Integrated Goods & Service Tax
• UTGST- Union Territory Goods & Service Tax

• CGST- Central Goods & Service Tax– As per the GST law when there is any intra-state (Sale within State) supply of goods or services or both, CGST will be charged on such supply.
• SGST- State Goods & Service Tax– As per the GST law when there is any intra-state (Sale within State) supply of goods or services or both, SGST will be charged on such supply.

This means in the case of intra-state supply CGST and SGST will be charged.

• IGST- Integrated Goods & Service Tax– When there is any inter-state (Sale to another State) supply of goods or services or both, IGST will be charged on such supply.
• UTGST- Union Territory Goods & Service Tax- When there is any supply of goods or services or both in any of the union territories viz. Daman and Dui, Dadra and Nagar Haveli, Andaman and Nicobar Islands, Lakshadweep and Chandigarh. UTGST will be charged along with CGST.

Example- Supply from Agra to Noida- CGST+ SGST

Supply from Agra to Delhi- IGST

Supply from Delhi to Chandigarh- CGST+UTGST