Under the new regime, Businesses must register as normal taxable persons under the Goods and Services Tax (GST) if their annual revenue exceeds the threshold limit of Rs. 40 lakh, Rs. 20 lakh, or Rs. 10 lakh, as applicable.
Aggregate turnover, which is determined on an all-India basis, is the sum of all taxable supplies, including exempt supplies, exports of goods or services, or both, and interstate supplies made by individuals with the same PAN. It should be noted that the CGST, SGST, UTGST, IGST, and cess taxes should not be taken into account when determining aggregate turnover.
The business can only receive a GSTIN number after completing the online GST registration process. This number has 15 unique digits. Each taxpayer needs a GSTIN number at several points during the processing of GST invoices, bills, and refunds.
Registration under GST is required for some companies. If the company conducts business without registering for GST, it is an offence and faces severe penalties.
GST registration typically takes 2 to 6 working days. Our team at CAnest can assist you in obtaining GST registration more quickly.
On the GST portal, use Form REG-01 to submit a GST registration application.
The experts at CAnest will advise you on how GST applies to your business and what requirements you need to meet in order to register for GST.
Therefore, CAnest GST registration services assist you in registering your business for GST and obtaining your GSTIN.
In fact, our team of experts can assist you by handling all of your return filings to maintain GST compliance after registration.
The lengthy 11-step process of registering for GST necessitates the submission of numerous business details and scanned documents. Although there are no fees specified by the GST law for self-registration on the GST portal, purchasing the GST registration plan with CAnest can save you a tonne of time and hassle. You can choose CAnest GST Registration services, where a GST Expert will help you with GST Registration from beginning to end.
When taxes are not paid or are paid insufficiently, the violator is required to pay a penalty equal to 10% of the amount of taxes owed, with a minimum payment of Rs. 10,000. (genuine errors).
When the offender has purposefully avoided paying taxes, the penalty is 100% of the amount owed.