India’s biggest indirect tax reform since 1947 looks it has finally -the Goods and Service Tax. The Constitution (122 Amendment) Bill,2014 seeks to amend the Constitution to introduce the goods and service tax(GST).The GST subsumes various central indirect taxes including the Central excise Duty,Countervailing duty,Service Tax,etc. It also subsumes state value added tax,octroi tax,luxury tax,etc. The GST is being introduced not only to get rid of the current jumble of indirect taxes that are suffer from infirmity,mainly exemptions and multiple rates,but also to improve tax complains. Filing Bazaar is the fastest growing company registration services in India,providing the Pvt.Ltd ,LLP,Public Ltd company,one person company registration. Our company provided greater capital contribution,stability and liability.
The biggest impact of GST is an economically efficient solution which have to compete with the companies in the unorganized sector It reduce the logistic costs and consolidation of warehousing facilities. GST will simplify tax administration,improve compliance,eliminate economically distortions in production,trade and consumption. GST avoids the “cascading”of taxes,therefore cutting the production cost,and making export more competitive. Revenue will get a boost- States and Center will have dual oversight.The number of tax exempt goods will decline.
In the GST Regime, businesses whose turnover exceeds Rs. 40 lakhs* (Rs 10 lakhs for NE and hill states) is required to register as a normal taxable person. This process of registration is called GST registration. For certain businesses, registration under GST is mandatory. If the organization carries on business without registering under GST, it will be an offence under GST and heavy penalties will apply. GST registration usually takes between 2-6 working days. We’ll help you to register for GST in 3 easy steps. CBIC has notified the increase in threshold turnover from Rs 20 lakhs to Rs 40 lakhs. The notification will come into effect from 1st April 2019.
We are providing gst number to all over india, 2 to 3 working days process no physical prefence required As an independent advisor, we do not have a vested interest in specific products or services that can bias our judgment or recommendations.We are a boutique firm and we thrive on building long-term relationships with our clients.CALL NOW