Do you have registered business in a single state or in multiple states ??? Are you supplying products or services across the nation ??? You must apply for GST Registration to avoid heavy penalties and be the loyal tax payer contributing proudly towards Nation’s growth. Gone the days of filling your tax using VAT or Service Tax calculations, now government of India has implemented a single indirect tax system from July 1, 2017 and named it as GST – Goods and Service Tax. GST council governs tax rates, rules and regulations and is consists of central finance minister and all the finance ministers of respective states. GST tax rates are ranging from 0 to 28% based upon the type of service of nature or goods being sold.
Slew of indirect taxes with unified taxes found to be affecting our 2.4 trillion dollar economy and thus government took a strong action in the form of GST. Thus if you are operating your business without registering under GST, it will be considered as an offense and heavy penalties will be charged.
Though entire process of GST registration is made online, you will surely require the expert’s help to fill those forms with accurate information and with respective mandatory documents.
Contact Envizi now and get your GST registration done easily by industry experts.
Check these Heavy Penalties before hiding your tax filing
If you found selling goods or services without GST registration, you will be penalized with 100% tax due or Rs. 10,000, whichever is higher
If you found not giving GST invoices, you will be penalized with 100% tax due or Rs. 10,000, whichever is higher
For any kind of incorrect invoicing, you will be penalized with Rs. 25,000
If you found not filing GST tax returns, you will be penalized with Rs. 20 per day for nil return or Rs. 50 per day for regular returns
If you found choosing composition scheme even if not eligible, you will be penalized with 100% tax due or Rs. 10,000, whichever is higher
Classification of GST
SGST stands for State GST and it is collected by the State Government
CGST stands for Central GST and it is collected by the Central Government
IGST stands for Integrated GST and it is collected by the Central Government
UTGST stands for Union territory GST and it is collected by Union Territory Government
Who must register for GSTIN?
GSTIN is mandatory for following types of businesses:
If your business has annual turnover of more than 40 Lakhs Per Annum (Rs. 10 Lakhs in case of North Eastern States, J&K, Himachal Pradesh and Uttarakhand)
If your business deals in more than one states for selling products or services
To sell your goods and services online
Your business provides services and goods outside India.
If your business registered previously under VAT or Excise Law or Service Tax Law
Required Documents
Company pan card
Certificate of incorporation / Deed/ Shop Act
MOA
AOA
Business Account signed a canceled cheque
Registered Business Electricity Bill
Rent Agreement ( if business premises rented)
All Directors Pan card, Adhar, 2 Photos
Valid email id and mobile no of any 1 Director
Digital Signature (DSC) of any 1 Director
Minimum Requirements
Mobile number of all Directors/Partners/Proprietor
Email id of all Director/Partner/Proprietor
Nature of Business (Proprietorship Firm)
What You Get
Procure documents from Client
Preparation of Application
Filing of ST1
Filing of ST2
Registration
To Explore More Visit @ http://mumbai.envizigroup.in/gst-registration-in-mumbai/
Slew of indirect taxes with unified taxes found to be affecting our 2.4 trillion dollar economy and thus government took a strong action in the form of GST. Thus if you are operating your business without registering under GST, it will be considered as an offense and heavy penalties will be charged.
Though entire process of GST registration is made online, you will surely require the expert’s help to fill those forms with accurate information and with respective mandatory documents.
Contact Envizi now and get your GST registration done easily by industry experts.
Check these Heavy Penalties before hiding your tax filing
If you found selling goods or services without GST registration, you will be penalized with 100% tax due or Rs. 10,000, whichever is higher
If you found not giving GST invoices, you will be penalized with 100% tax due or Rs. 10,000, whichever is higher
For any kind of incorrect invoicing, you will be penalized with Rs. 25,000
If you found not filing GST tax returns, you will be penalized with Rs. 20 per day for nil return or Rs. 50 per day for regular returns
If you found choosing composition scheme even if not eligible, you will be penalized with 100% tax due or Rs. 10,000, whichever is higher
Classification of GST
SGST stands for State GST and it is collected by the State Government
CGST stands for Central GST and it is collected by the Central Government
IGST stands for Integrated GST and it is collected by the Central Government
UTGST stands for Union territory GST and it is collected by Union Territory Government
Who must register for GSTIN?
GSTIN is mandatory for following types of businesses:
If your business has annual turnover of more than 40 Lakhs Per Annum (Rs. 10 Lakhs in case of North Eastern States, J&K, Himachal Pradesh and Uttarakhand)
If your business deals in more than one states for selling products or services
To sell your goods and services online
Your business provides services and goods outside India.
If your business registered previously under VAT or Excise Law or Service Tax Law
Required Documents
Company pan card
Certificate of incorporation / Deed/ Shop Act
MOA
AOA
Business Account signed a canceled cheque
Registered Business Electricity Bill
Rent Agreement ( if business premises rented)
All Directors Pan card, Adhar, 2 Photos
Valid email id and mobile no of any 1 Director
Digital Signature (DSC) of any 1 Director
Minimum Requirements
Mobile number of all Directors/Partners/Proprietor
Email id of all Director/Partner/Proprietor
Nature of Business (Proprietorship Firm)
What You Get
Procure documents from Client
Preparation of Application
Filing of ST1
Filing of ST2
Registration
To Explore More Visit @ http://mumbai.envizigroup.in/gst-registration-in-mumbai/





