GST Registration In Bangalore
GST Registration in Bangalore
Streamline your business operations with hassle-free GST registration and filings. At Prakasha & Co, we understand the importance of having a valid GST registration to unlock growth opportunities. Our experienced team is well-versed in the online process, ensuring a seamless and efficient GST registration in Bangalore without any manual work.
When it comes to your GST-related queries, we’ve got you covered. Prakasha & Co is your go-to partner for comprehensive guidance and assistance. Whether you need clarification on GST regulations or help with managing your GST registration in Bangalore and filings, our experts are here to provide the answers you seek.
The largest tax reform to take place in India recently was the Goods and Service Tax (GST), an indirect form of tax that replaced a number of Central and State levies like VAT, Service tax, Excise duty, Entry tax, Octroi, etc. The Goods and Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that is imposed on every value addition. The Act went into effect on July 1st, 2017.
Since commodities typically pass through several stages before being sold to a consumer, from a manufacturer to a wholesaler to a retailer, GST is multi-stage. Each level involves a value addition, so GST is charged there as well.
GST is a destination-based tax, which implies that the state where the goods or services are consumed is responsible for collecting the tax. For
6 Benefits of GST Registration in Bangalore
Cost Reduction for GST registration in Bangalore
The cascading impact of numerous taxes and VATs was eliminated with the implementation of GST, which decreased the cost of goods and services.
Helped business to manage the GST compliance easy.
Aids in avoiding time-consuming tax services
Small businesses benefit from GST registration since it lets them avoid time-consuming tax services. Since service providers and products suppliers with annual sales of under 20Lac & 40Lac respectively are exempt from the GST.
Taxation Process Uniformity
GST registration in Bangalore provides for centralized registration and brings uniformity to the taxation process. This makes it easier for businesses to submit their quarterly tax returns online.
Reduce Tax Evasion
With the implementation of the GST in Bangalore, tax avoidance has significantly decreased.
Every Goods which has the value of Rs.50,000 and above must registered at e-way bill. This has significantly reduce the tax leakage from Business.
Eligibility of GST Registration in Bangalore
Provider of interstate sales or services
Regardless of turnover, anyone supplying goods or services to another state must register for GST. Even online service providers with customers in another state will be required to register for GST right away
E-commerce company
Who owns, operates, and manages an e-commerce digital platform. Consider Flipkart and Amazon.
some-one has the Business by selling the goods in the online also must Register with GST Act.
Non- Residents & Importers
Regardless of turnover, any non-resident person or company supplying goods or services in India must register themselves under the relevant provisions, the process of GST registration in Bangalore too should be undergone appropriately.
Supplier of Online Information:
Regardless of turnover, anyone providing online information and database services to someone in India from outside India must register
What Documents are Required for GST Registration in Bangalore?
For A Sole Proprietorship Business
- PAN card of the owner
- Aadhar card of the owner
- Photograph of the owner (in JPEG format, maximum size – 100 KB)
- Bank account details*
- Address proof**
For A Partnership Firm
- PAN card of all partners (including managing partner and authorized signatory)
- Copy of partnership deed
- Photograph of all partners and authorised signatories (in JPEG format, maximum size – 100 KB)
- Address proof of partners (Passport, driving license, Voters identity card, Aadhar card etc.)
- Aadhar card of authorised signatory
- Proof of appointment of authorized signatory
- In the case of LLP, registration certificate / Board resolution of LLP
- Bank account details*
- Address proof of principal place of business**
For A HUF
- PAN Card of HUF and the Passport size Photograph of the Karta.
- Id and Address Proof of Karta and Address proof of the place of business.
- Bank Account Details
For A Public Or Private Limited Company
- Pan card of the Company
- Certificate of incorporation of Company
- MOA and AOA of the company.
- Identity Proof and address proof of all directors and Authorised signatory of the Company.
- Passport size photograph of the directors and authorized signatory.
- Copy of Board resolution passed for appointing authorized signatory.
- Details of Bank account opening.
- Address proof of the place of business.
What is the Procedure for GST Registration Process in India?
To successfully finish the GST registration, process every taxpayer must follow the requisite process. The procedure for GST Registration is mentioned below.
- Step – 1 The very first step for GST Registration is to fill the online application, and for the same, the taxpayer shall visit the GST portal Www.Gst.Gov.In. Also, the taxpayer (Applicant) needs to create a username and password in the portal.
- Step-2 The Applicant need to click the link on the GST portal, and click on to the ‘New User Login’. By clicking on ‘New User Login’ accept the window on the displayed declaration form and press ‘Continue’ to register yourself for GST Registration.
- Step – 3 The applicant is required to Select ‘New Registration’ and Login to start the GST registration procedure.
- Step – 4 The applicant shall fill the required details asked on the GST portal:-
• Select ‘Taxpayer’ under the drop-down menu.
• Select the respective state and district.
• Enter the details of the business (Name and PAN card).
• Provide the email ID and mobile number (that must be active as OTPs will be sent on the details) in the respective boxes.
• Enter the Captcha shown on the screen and click on ‘Proceed’.
- Step – 5 The next step after filing the required details is to enter the OTP sent to your email ID and mobile number in the respective boxes.
- Step – 6 Click on the ‘Proceed’ button once the details have been entered.
- Step – 7 An applicant will receive the Temporary Reference Number (TRN) on the screen. Save the TRN for further process.
Note-TRN is used to open PART-B in GST registration and to log in to the GST registration application.
- Step – 8 After receiving the TRN, an applicant is required to open the GST portal again and click on ‘Register’ under the ‘Taxpayers’ menu.
- Step – 9 Select the ‘Temporary Reference Number (TRN)’.
- Step – 10 Enter the TRN selected and the captcha details.
- Step – 11 Once the Captcha details are entered, click on the ‘Proceed’ button.
- Step – 12 An applicant will receive an OTP on the email ID and registered mobile number. Click on ‘Proceed’ Button by entering the OTP received.
- Step – 13 The status of your application will be displayed on the next page. Click on the Edit icon, mentioned on the right side of the page.
- Step – 14 On the next page there will be various sections, where all relevant details are required to be filed along with the necessary documents.
- Step – 15 Before submitting the application, click on the ‘Verification’ page and check the declaration. The below-mentioned methods can be used for submitting the application:
• Electronic Verification Code (EVC).
• By e-Sign method.
• In case the applicant is a company, the application must be submitted by using the Digital Signature Certificate (DSC).
- Step – 16 Once the process is completed, a successful completion message will be shown on the screen. The ARN will be sent on the mobile number and email ID registered by the GST Applicant.
- Step – 17 Check the status of the ARN on the GST portal.
Expert guidance at Prakasha & Co. , you’ll feel a breeze in Registering your GST. Get Started Today
How long does it take to register GST in India
If everything is in order, it may take anywhere between 4 to 5 business days for registering GST. This timeline is further subject to Government processing, approval time, public holidays, etc.
Here’s how we at Prakasha & Co. can assist with GST Registration
- Help you to get the Commercial place for GST registration
- Advise you for the proper Documents for GST registration
- Help in managing & preparing documents.
- Help with filling out forms with GST office
- All the way through Guidance – end to end Support.
- Post GST registration servicees on the GST filing and Returns.
Getting registered with GST is a must for businesses that have a turnover of over INR 20 lakhs or for those who engage in inter-state transactions.
This is because GST is charged on the goods and services sold in India. If you do not register, you can’t collect GST from your customers. This can be frustrating for start-up owners. However, the process is simple if you use Prakasha & Co Legal experts to help you complete it. Get in touch with Today for your GST related services.
A company consultant can be important for a business during the GST registration process in Bangalore, or any other location in India, because they can provide expert guidance and assistance with the process.
GST registration can be complex and time-consuming, and a company consultant can help a business navigate the process and ensure that it is completed correctly. They can provide information and advice on the various requirements and procedures involved in GST registration, and help the business complete and file the necessary forms and documents.
In addition to assisting with the GST registration process, a company consultant can also provide ongoing support and guidance on GST compliance matters. This can be especially useful for businesses that are new to GST or have limited experience with the tax.
Overall, a company consultant can be a valuable resource for businesses in Bangalore or any other location in India during the GST registration process. They can provide expert guidance and assistance, helping businesses understand and comply with GST laws and regulations and operate more efficiently and effectively.
Not looking for GST registration? Click below to find other forms of entity registration
- Setting up of Proprietary Concern in Bangalore
- One Person Company or OPC Registration in Bangalore
- Partnership Firms Registration in Bangalore
- Limited Liability Partnerships Registration or LLP Registration in Bangalore
- Subsidiary Company Registration in Bangalore
- Setup Branch / Liaison Office in India
Other registration required after GST registration depending on business :
- GST Registration
- Registration under Karnataka Shops and Establishment Act
- Profession Tax Registration
- MSME | Udyog Aadhaar Registration
- Employee Provident Fund Registration (PF Registration)
- Employee State Insurance Registration (ESI Registration)
- STPI Registration or Non-STPI Registration
- Import Export Code (IEC)
- Trade License from BBMP
