Services
GST
Registration Under GST
- If your annual aggregate turnover exceeds the prescribed threshold limit (which varies depending on the type of business and the state), you are required to register for GST.
- Threshold limits are set by the GST Council and may vary for different states and categories of taxpayers.
Process of Registration
- Registration can be done online through the GST portal.
- Required documents include PAN, Aadhaar, proof of business registration, address proof, bank account details, and authorized signatory details.
- Upon submission of the application, a unique GSTIN (Goods and Services Tax Identification Number) is generated.
Filling of GST Return
Filing GST returns is essential for compliance under the GST regime. Here’s a summary:
Types of GST Returns: Various returns cater to different taxpayer needs, including GSTR-1 for outward supplies, GSTR-3B for monthly summaries, and GSTR-9 for annual summaries.
Filing Process: Taxpayers log in to the GST portal, select the appropriate return form, fill in details accurately, and submit electronically.
Due Dates: Due dates vary by return type and taxpayer category, with GSTR-1 typically due on the 11th of the following month.
Consequences of Non-Filing: Failure to file or delays can lead to penalties, loss of input tax credit, and compliance issues.
Assistance and Support: Taxpayers can seek help from professionals or use the GST helpdesk, staying updated through regular notifications.
Importance of Accuracy: Accuracy is crucial to avoid audits and ensure smooth processes. Proper record-keeping aids in compliance.
Adhering to procedures and deadlines enables taxpayers to fulfill their GST obligations efficiently,
contributing to a transparent tax system.
Amrally GSTR -4
GSTR-4 is a quarterly return for businesses under the Composition Scheme. It summarizes their tax liabilities and payments, providing a simplified filing option
Monthly Try
“Monthly Try” likely refers to attempting something new every month. It’s a personal development strategy to explore various activities or goals regularly, fostering growth and discovery.
Registration Quick Links
GST LAW
Act, Rule, Amendment, Notifications, etc. relating to GST Law issued by Central and/or State Government may be accessed from the websites of Centre and State respectively through the links provided below.
GST Law* : GST Law comprising (i) Central Goods and Services Tax Act, 2017 including Central Goods and Services Tax (Extension to Jammu and Kashmir) Act, 2017, (ii) State Goods and Services Tax Act, 2017 as notified by respective States, (iii) Union Territory Goods and Services Tax Act, 2017, (iv) Integrated Goods and Services Tax Act, 2017 including Integrated Goods and Services Tax (Extension to Jammu and Kashmir Act, 2017), (v) Goods and Services Tax (Compensation to States) Act, 2017 (hereinafter referred as CGST, SGST, UTGST, IGST and CESS respectively at the GST portal) and (vi) Rules, Notifications, Amendments and Circulars issued under the respective Acts.
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