GST Services

GST Services

GST is known as the Goods and Services Tax.The Goods and Service Tax Act was passed in the Parliament on 29th March 2017 and came into effect on 1st July 2017. Goods and Service Tax (GST) is levied on the supply of goods and services. GST is a single domestic indirect tax law for the entire country.

Taxable person under GST

A 'taxable person' under the GST Act is someone who conducts business inIndia and is registered or needs to be registered under the GST Act. A taxable person can be an individual, HUF, company, firm, LLP, an AOP/ BOI, any corporation or Government company, body corporate incorporated under the laws of a foreign country, co-operative societies, local authorities, governments, trusts, or artificial juridical persons.

Benefits of GST Registration

• GST registration can help you formalise your business and get credit.
• GST registration can help you get more business.
• GST registration will allow you to sell online.
• GST registration can help you save on taxes and improve margins.

GST Return filing

• A person having a valid GSTIN has to compulsorily file the GST returns.
• A person whose annual turnover is crossing Rs. 40 lakh has to obtain a GST registration and file the GST returns mandatorily.

Due dates for filing the GST returns

GSTR 1 : The 11th of Subsequent of that month
GSTR 3B : The 20th of that subsequent month
GSTR 4 : 18th of the month succeeding the quarter.
GSTR 5 : 20th of the subsequent month
GSTR 6 : 13th of the subsequent month
GSTR 7 : 10th of the subsequent month
GSTR 8 : 10th of the subsequent month
GSTR 9 : 31st December of the Fiscal year.
GSTR 10 : Within 3 months of the date of cancellation or the date of cancellation order whichever is earlier.
GSTR 11 : 28th of the month that is following the month for which the statement was filed.

There are five options provided under the 'Services' tab on the GST Portal

• Registration
  A business whose aggregate turnover in a financial year exceeds Rs 40 lakhs has to mandatorily register under Goods and Services Tax.
• Payments
  Any GST-registered taxpayer can create a challan and make a payment. There is an option to track the status as well.
• Refunds
  This option enables the user to track their refund application status.
• e-Way Bill System
  The e-way bill system tab guides you to the e-way bill portal. You can also access FAQs and the user manual on the e-way bill portal.
• Track Application Status
  This is the final tab under ‘Services’ and provides the user with an option to track the status of their registration and refund applications.

Downloads

• Offline Tools
  The government has both online and offline methods to file GST returns. The link for GST offline tools provides the offline utility of the GST

Documents Required for GST Registration

  Sole proprietor / Individual

• PAN card of the owner
• Aadhar card of the owner
• Photograph of the owner (in JPEG format, maximum size – 100 KB)
• Bank account details
• Address proof

  LLP and Partnership Firms

• PAN card of all partners (including managing partner and authorised signatory)
• Copy of partnership deed
• Photograph of all partners and authorised signatories (in JPEG format, maximum size – 100 KB)
• Address proof of partners (Passport, driving license, Voters identity card, Aadhar card etc.)
• Aadhar card of authorised signatory
• Proof of appointment of authorized signatory
• In the case of LLP, registration certificate / Board resolution of LLP
• Bank account details
• Address proof of principal place of business

  HUF

• PAN card of HUF
• PAN card and Aadhar card of Karta
• Photograph of the owner (in JPEG format, maximum size – 100 KB)
• Bank account details
• Address proof of principal place of business

  Company (Public and Private) (Indian and foreign)

• PAN card of Company
• Certificate of incorporation given by Ministry of Corporate Affairs
• Memorandum of Association / Articles of Association
• PAN card and Aadhar card of authorised signatory. The authorised signatory must be an Indian even in case of foreign companies/branch registration
• PAN card and address proof of all directors of the Company
• Photograph of all directors and authorised signatory (in JPEG format, maximum size – 100 KB)
• Board resolution appointing authorised signatory / Any other proof of appointment of authorised signatory (in JPEG format / PDF format, maximum size – 100 KB)
• Bank account details ,Address proof of principal place of business