GST Advisory
GST advisory services focus on the overall tax performance of a business. It develops a strategic approach in areas such as stock transfers, an input tax credit, refunds, valuation, classification, export benefits and so on.
Description
How to register on www.gst.gov.in?
This must be done on the GST portal gst.gov.in. It is a simple 11-step process
What is GST Registration?
GST refers to Goods and Services Tax which subsumes all taxes such as Sales tax, Service tax, Excise duty, etc. into GST.
GST registration is required primarily if your annual sales are more than Rs. 20 Lakh. Even if your sales are less than Rs. 20 Lakh, we suggest that you voluntarily opt for GST registration because:
– You will not get any tax refunds on purchases (e.g. if you buy goods worth Rs 1 lakh in a year, and the tax rate is 28% – you will lose a tax refund of Rs. 28,000).
– You cannot sell outside your state
– GST registration typically takes between 2-6 working days. You need to file your application with the department and sign it with your digital signature.
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