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GST is a destination based tax. It is applied on consumption of goods and services. It is proposed to be levied at all stages right from manufacture up to final consumption. Here, only value addition is taxed and the burden of the tax is borne by the final consumer. Registration is the fundamental requirement for identification of taxpayers in any tax system. It ensured tax compliance in the economy. Registration of any trading entity under the GST Law implies obtaining a unique number from the concerned authorities that are used for the purpose of collecting tax on behalf of the government and availing input tax credit for the taxes on inward supplies. Without registration, a person can neither collect tax from his customers nor claim any input tax credit of tax paid by him. Get your GST registration in Bengaluru done with Company Vakil.
Bangalore is the capital of the State of Karnataka which is also known as Bengaluru (Kannada). Bengaluru is nicknamed as the Garden City and was once called Pensioner's Paradise. It is ranked as third most populous city. There are a number of people from across the world living in the city owing to the growing presence of Multi-National Companies. Bangalore is like a dwelling house to many of the well-recognised colleges and research institutions. Numerous public sector heavy industries, software companies, aerospace, telecommunications, and defence organizations are located in the city. Bengaluru is known as the Silicon Valley of the nation because of its position as the nation's leading IT exporter. Aa a demographically diverse city, Bangalore is a major economic and cultural hub and one of the fastest growing major metropolis in this country.
GST Registration in Bengaluru involves a process which is done through an online portal mentioned by Central Government. Company Vakil helps one avail services to get their business registered under The Goods and Services Tax (GST) Law and also helps to get Goods and Services Identification Number (GSTIN). Experts of Company Vakil also guide the applicants on its applicability and guidelines to be followed under GST for the business. The process for GST Registration in India is as follows-
All businesses GST are assigned a unique Goods and Services Tax Identification Number also known as GSTIN after they successfully register under GST.
It is mandatory for an entity operating in multiple states to get registered separately for each of the States from where the taxable supply of goods or services is made.
PAN is mandatory for normal tax-payers but not so for a non-resident taxable person.
The GST certificate once obtained is valid until it is surrendered, cancelled or suspended.
GSTIN is allotted within 7 working days from the date of submission of GST application along with required documents.
One can apply and obtain GST registration in Bengaluru within 30 days of being required by law to obtain GST registration.
There are three types of GST namely-
A person without GST registration in Bengaluru can neither collect GST nor claim any input tax credit.
In such cases, the registration stands cancelled with retrospective effect.
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