GST Simplified: A Quick Overview
The Goods and Services Tax (GST), introduced on July 1, 2017, revolutionized India's tax system. It replaced multiple taxes, fostering a unified structure that enhanced business efficiency.
Frequently Asked Questions
Under GST in any financial year (starting from 1st April and ends with 31st March), businesses with turnovers above 40 lakhs (Manufacturing/Trading) or 20 lakhs (Services) must register, except in specific areas with a 10 lakh threshold. Non-registration attracts penalties. For e-commerce operators and online businesses, GST registration is mandatory upon the day of business incorporation.
GST registration typically takes 7-14 working days. At CAS, we offer expert guidance for seamless GST registration across India at an affordable price of 2,000/-. For assistance, contact us at 8075443462 or 9072301113.
(i) Individual KYC
- Name of Owner/Partners/ Directors
- Personal address with pin code
- Personal Mobile Number & Email ID
- Copy in PDF or Photo of PAN &Aadhaar, passport size photo of all applicant
(ii) Business KYC
- Business Name, and full address with pin code
- Nature of business and its activity
- Business email ID & Mobile number
- Copy in PDF or Photo rental agreement, building tax receipt (Latest) cancelled check leaf, MOA, AOA
- Certificate of Incorporation or partnership dead, Business PAN of applicable