Providing Taxable Goods or Services in India? Don’t Forget About the GST
If your business is providing taxable goods or services, you need to be registered for the Goods and Services Tax (GST). Our GST Registration Services in India can help.
Does My Business Need GST?
Yes, every business needs GST if you are providing services or goods that are GST taxable. Your business must register for GST in India. It must also submit its returns monthly.
If your business’s taxable supplies are more than the INR 2m threshold, you must be registered for taxes. In North India, the threshold is INR 1m. For businesses that earn below these thresholds, you may apply to register voluntarily.
India has 29 states in total. If your business is operating in a few states, you must register separately for each state. GST Registration Services in India, like 3E Accounting, help to make this process much easier for you.
How Do I Register for GST?
3E Accounting can help you register online through the Goods and Services Tax Network portal. To complete the process, we will need the following information from you:
- A completed GST Reg-01 form (this must include your taxpayer contact details, Permanent Account Number (PAN) and place of establishment).
- Proof of your taxpayer status (Certificate of Incorporation).
- A list of business signatories.
- Supporting documents that may be requested in the portal.
If all the documents are in order, registration will be granted within 3 working days. In some cases, applications could be backdated by as much as 30 days.
You don’t need to be physically present to register for your GST. 3E Accounting can help you conduct the entire process online.
Why Do I Need a Professional to Do It?
When you’re not familiar with the local laws and regulations, it can cause a lot of unforeseen problems to arise. Some examples of common problems that you might run into include delays in uploading your data or delays addressing grievances. Filing your returns can also be a very time-consuming process, and it could be an additional financial burden on the company. With the right professional team, we have the tools and software needed to make the process efficient, saving you cost in the long run.
Other examples of problems could be not having the provisions to rectify or revise any errors that are made. This could create a lot of chaos for your invoices and credits too. Having an expert like 3E Accounting on your side would eliminate a lot of those problems.
Have You Registered Your Business?
Have you registered your business for GST? Meet the compliance requirement and avoid the risk of possible penalties. Let our experts who have been in the business for decades guide you through the process so nothing is overlooked. For more information about our GST Registration Services in India, contact 3E Accounting today.