Registration is mandatory for businesses meeting the specified turnover criteria to collect and remit Goods and Services Tax (GST) on their sales.more
Different types of GST registration include regular, composition, and voluntary registrations, catering to various business needs and structures. more
Documents required for GST registration typically include identity and address proofs of the business owner/partners, proof of business registration, bank statements, and relevant financial documents such as income statements or balance sheets.more
Of course, the persons who meet the general criteria can hold a GST registration number even without a business. This might involve having to fulfill a particular level of money income or carrying out specific activities that require GST registration.
Turnover-based registration is required for businesses whose annual turnover is more than Rs. 40 lakhs or Rs. 10 lakhs in case the business is located in North Eastern states. Nevertheless, companies with a turnover less than the threshold may file for voluntary GST registration.
There are three types of GST registration: Regular, Composition, and Casual. On the other hand, compulsory registration is meant for businesses above the established threshold limit value. Registration for composition is for such enterprises below the threshold, through which they can discharge their taxes at a fixed rate.
A GST credit calculator operates on similar principles, using the formula: GST Amount = (Original Cost * GST Rate Percentage) / 100. The Net Price is then calculated by adding the Original Cost and GST Amount.
10,000+
Helping entrepreneurs turn ideas into businesses over 10,000+ times.
80+
Offering customers compliance and advisory legal solutions across India
150+
Get Clarity on Your Legal Matters Schedule Your call for Legal Advice Now!
I am writing to provide my feedback on the GST services I recently received from your organization. From the beginning of our engagement, your team demonstrated extensive knowledge and expertise in the field of Goods and Services Tax (GST). The thoroughness and attention to detail shown in handling my GST-related matters were truly commendable. I greatly appreciated the promptness with which my queries were addressed and the clear explanations provided, ensuring that I had a solid understanding of the processes involved.
Thank you for your exceptional service. I look forward to continuing our association in the future. The clarity and accuracy of the information provided, combined with the timely completion of the necessary paperwork, made the entire process smooth and hassle-free. I truly felt that I was in capable hands and that my best interests were being looked after.
I would like to extend my heartfelt gratitude to the entire team at India Advocacy for their outstanding services. The level of professionalism and expertise displayed by your organization has far exceeded my expectations, and I would not hesitate to recommend your GST services to others in need.
Apply for GST today !