HOW TO REGISTRATION FOR GST IN HYDERABAD TRASURY TELANGANA.GOV.IN
The Goods and Services Tax (GST) is a single indirect tax that has replaced all the indirect taxes levied by the central and state governments in India. It was introduced on July 1, 2017. GST registration is mandatory for all businesses that supply goods or services in India, irrespective of their turnover.
To register for GST in Hyderabad Treasury Telangana.gov.in, you need to follow these steps:
Gather the required documents:
- PAN card of the applicant
- Aadhaar card of the applicant
- Business registration proof or Company Incorporation certificate
- Identity and address proof of Promoters/Director with Photographs
- Address proof (Business place)
2. Visit the GST Portal:
- The GST portal can be accessed at https://www.gst.gov.in/
3. Fill in the application form:
- The application form requires you to provide your personal and business details.
- You will also need to upload the scanned copies of the required documents.
4. Verify your details:
- Once you have filled in the application form, you will need to verify your details.
- You can do this by either submitting your Aadhaar details or by visiting the nearest GST registration center.
5. Pay the registration fee:
- The registration fee for GST is ₹1000.
- You can pay the registration fee online or by visiting the nearest GST registration center.
- Increased compliance: GST is a single tax, which means that businesses no longer have to comply with multiple indirect taxes. This can save businesses time and money.
- Reduced paperwork: GST has simplified the tax filing process. Businesses can now file their GST returns online, which is much faster and easier than the old system.
- Improved transparency: GST has made the tax system more transparent. Businesses can now see exactly how much tax they are paying and where it is going.
- Increased inter-state trade: GST has made it easier for businesses to trade across states. This has led to increased competition and lower prices for consumers.
- Access to input tax credit: GST allows businesses to claim input tax credit on the taxes they pay on their purchases. This can help businesses reduce their overall tax liability.
- Export benefits: Businesses registered under GST can avail of certain export benefits, such as zero-rated export and refund of input tax credit.
- Improved credibility: GST registration can help businesses improve their credibility with customers and suppliers.
The GST registration process in Hyderabad Treasury Telangana.gov.in is relatively simple. However, it is important to gather all the required documents and fill in the application form carefully. You should also verify your details before submitting the application.
HOW AURIGA ACCOUNTING HELP YOU TO REGISTRATION FOR GST IN HYDERABAD TRASURY TELANGANA.GOV.IN
Assessment and Eligibility: Accounting firms can assess your business to determine whether it meets the eligibility criteria for GST registration, such as turnover thresholds or specific business activities that require registration.
Documentation and Preparation: They can help you gather the necessary documents and information required for GST registration, including business details, PAN (Permanent Account Number), Aadhaar number, bank account information, and proof of address.
Online Application: Many governments, including Telangana, offer online portals for GST registration. Accounting firms can guide you through the online registration process, helping you fill out the application accurately and upload the required documents.
Verification and Follow-Up: After submitting the GST registration application, they can monitor the progress and status of your application, follow up with tax authorities if needed, and address any issues that may arise during the registration process.
Assistance with Queries: If tax authorities have questions or seek clarifications during the registration process, accounting firms can assist in providing the necessary information and responses to expedite the registration.
Business Categorization: They can help determine the appropriate GST category for your business, whether it falls under CGST (Central GST) or SGST (State GST) based on the nature of your operations.
Obtaining GSTIN: Once your GST registration is approved, you will receive a Goods and Services Tax Identification Number (GSTIN). Accounting firms can assist in obtaining and verifying the GSTIN.
GST Compliance Training: They may offer training and guidance to your staff regarding GST compliance, including understanding GST returns, input tax credit (ITC) claims, and record-keeping.
Regular Updates: Accounting firms stay updated with changes in GST laws and regulations. They can inform you about any amendments or modifications to GST rules that may affect your business.
Audit Support: In the event of a GST audit or assessment by tax authorities, accounting firms can provide support by gathering the required documentation, preparing responses, and representing your business during the audit process.