GST Registration Consultant Services in India

It's a destination-based tax on the consumption of goods and services. It is proposed to be levied at all stages right from manufacture up to final consumption with credit of taxes paid at previous stages available as setoff. In short, only value addition will be taxed and burden of tax is to be borne by the final consumer.  

The GST would replace the following taxes: 

1.  Central Taxes: 

• Central Excise duty 
• Duties of Excise (Medicinal and Toilet Preparations)  
• Additional Duties of Excise (Goods of Special Importance) 
• Additional Duties of Excise (Textiles and Textile Products)  
• Additional Duties of Customs (commonly known as CVD)  
• Special Additional Duty of Customs (SAD)  
• Service Tax  
• Central Surcharges and Cesses so far as they relate to supply of goods and services 

2.  State taxes :  

• State VAT  
• Central Sales Tax  
• Luxury Tax  
• Entry Tax (all forms)  
• Entertainment  and Amusement  Tax  (except  when  levied  by  the  local bodies)  
• Taxes on advertisements g. Purchase Tax  h. Taxes on lotteries, betting and gambling  
• State Surcharges and Cesses so  far as they relate to supply of goods and services 

Under the GST regime, an Integrated GST (IGST) would be levied and collected by the Centre on inter-State supply of goods and services and such tax shall be apportioned between the Union and the States in the manner as may be provided by Parliament by law .  

Tax payers with an aggregate turnover in a financial year up to [Rs.40 lakhs & Rs.20 Lakhs fTaxpayersor NE and special category states] would be exempt from tax. Further, a person whose aggregate turnover in the preceding financial year is less than Rs.150 Lakhs can opt for a simplified composition scheme where tax will payable at a concessional rate on the turnover in a state. 

 Imports of Goods and Services will be treated as inter-state supplies and IGST  will be levied on import  of goods and services  into the country.  

Registration under the the Goods and Service Tax (GST) regime will confer following advantages to the business: 

• Legally recognized as supplier of goods or services. 
• Proper accounting of taxes paid on the input goods or services which can be utilized for payment of GST due on supply of goods or services or both by the business. 
• Legally authorized to collect tax from his purchasers and pass on the credit of the taxes paid on the goods or services supplied to purchasers or recipients. 
• Getting eligible to avail various other benefits and privileges rendered under the GST laws.

No. Every person who is liable to take a Registration will have to get registered separately for each of the States where he has a business operation and is liable to pay GST. 

Yes, a person having multiple business verticals in a State may obtain a separate registration for each business vertical. 

The certificate of registration issued to a “casual taxable person” shall be valid for a period specified in the application for registration or ninety days from the effective date of registration, whichever is earlier. 

No. Annual Return has to be filed by every registered person paying tax as a normal taxpayer. Final Return has to be filed only by those registered persons who have applied for cancellation of registration. The Final return has to be filed within three months of the date of cancellation or the date of cancellation order.