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Goods and Services Tax was a system that has been recently introduced as a form of indirect taxation. The earlier system was largely variable and unorganized. Different types of taxes like VAT, Service Tax etc. were impossible to keep track of and regulate especially with variations in different states and the union taxes. This complicated the situation and keeping track of the taxes was almost impossible. GST came in as an umbrella legislation that now encompasses the indirect taxation in our country. With the government and citizen pushing towards more transparency, GST registration acts as a means to this end. It is now compulsory to get GST registration if you are a company with an annual turnover exceeding Rs 20 lakhs in any part of the country or Rs 10 lakhs in case of North Eastern and hilly states. This is a registration that makes your entity individually taxable, as an individual citizen is. Anyone registered under older tax laws has to register again under GST laws.
Goods and services providers have to get Goods and Services Tax registration in Jaipur done as per government policy. GST came into effect on July 1, 2017, and is one more step in boosting and regulating the commercial sector in Jaipur. If your business is liable to be registered, not registering will lead to heavy penalties. A unique 15-digit number is granted after the completion of the GST registration, which is based on the company’s PAN and state code. We list further when the registration is mandatory in Jaipur.
Jaipur has two UNESCO world heritage sites. One of them being the Amer Fort and the other one is the Jantar Mantar. Jantar mantar is a collection of 19 astronomical instruments. It has the world’s largest stone, known as sundial. The name of the monument is derived from Sanskrit language which means yantra and mantra, which means formula, rules and instruments. From here one can witness astronomical activities with naked eyes.
GST has helped unify as well as simplify the way taxes are filed, handled and regulated. We summarize some of the reasons why Goods and Services Tax registration in Jaipur should be done:
Company Vakil is the leader in the arena of GST registration in India. A resilient team of skilled law professionals and taxation experts backs all our clientele and us.
Contact us today; to become a GST registered company in Jaipur.
A GST registration is not only the need but a mandatory provision of the hour. If you evade your tax liabilities, you can be heavily penalized according to the latest code. It is a duty and a liability for all the owners of any entity.
Company Vakil has been a leader in the arena of taking all your business online and welcoming your entity to the digital era. We make sure you receive your registration and continued benefits with us without worrying about a single thing. We list down the process of getting GST registration in Jaipur here in brief:
You get a login id and password to the government portal where you can check your application status. Contact us to make this process flow with ease as you focus on achieving your maximum potential.
The company has to be registered in the Indian Territory and/or authorized to conduct business here. It has to hold a company registration by legitimate means, which can be obtained online now. An MSME registration is also valid to achieve a GST registration. The person applying for the registration has to be liable for taxation in Jaipur and any person who is so liable but does not register will be penalized heavily under the new tax regime. The company should hold PAN card and entity information. This PAN card is a very integral part to GST registration and an absence will result in refusal of the same. Personal identity proof along with photographs has to be provided. There has to be at least one resident director of the company, or more depending on the provisions. Valid mobile number, email address and proof of the place of business have to be provided. These are necessary details required for the process. An account in the name of the company has to be recognized and the details of the same have to be provided. A company with annual turnover of Rs 20 lakhs and Rs 10 lakhs in case of hilly states has to get GST registration done as a mandated move. Anyone under any previous tax regime has to enter into GST one too.
There are many benefits to getting your GST registration, which include, but are not limited to the following:
Contact Company Vakil to get you Goods and Services Tax registration in Jaipur and avail all these benefits with ease.
A foreign company is liable to register in the territory of India because of the conduct of business has to be registered under the GST framework.
Yes, if you come under the ambit of the registration, you are liable to registration. Evading the same can lead to penalization.
No. The same is not possible and you will have to incorporate the entity before you can apply for GST registration.
If you are providing goods or services in a particular state but are based elsewhere, you are still liable for GST registration in the state.
Yes, a casual taxable person or a non-resident taxable person has to register under GST.
It is mandatory for companies performing business online to get a GST registration.
The new GST framework provides for heavy penalties in case of default. Hence, get your GST registration done today.
Yes, it is mandatory to register such a company in India to track all liabilities and for verification purposes.
Yes, even existing taxpayers have to get GST registration.