GST Registration

by Raj startup Online Business Solutions

Review on GST Registration

The Goods and Service Tax is certainly a notable policy amongst the most disentangling and ergonomic changes in the domain of indirect taxation in India that has facilitated the weight of captivating taxes from the common man's shoulders. By and by, the framework has always seen slight stoppages because of the applied naivety of the taxpayers who have experienced New GST registration.
The GST Council in such manner has tried to limit all the problems by making a significant change in the CGST Act-2017.
In reality the fact can never be nullified that the no stone has been left unturned by the GST authority up to this point, in encouraging issue free and streamlined tax compliances to all organizations crosswise over India. Till date, the GST council has over and over patched-up various arrangements under the Goods and Service Tax administration to moderate the perplexities and to make the framework more favorable for the normal taxpayers.
As a stage forward to avert every one of the inconsistencies and confusions from the framework, the central government has now looked to resolve the GST Purview by proposing a progression of corrections in the CGST Act 2017.
You may also voluntarily apply for GST registration even if your annual turnover does not exceed 20 Lakhs and enjoy several benefits.
Here are the benefits of voluntarily GST registration-
Government Tenders compulsory requires a valid tax registration proof
Banks & Financial Institution requires to tax registration certificate as a business proof to open a current bank account in the name of the business trade name.
MNCs do not deal with small business entities until they have tax registration proof with them.

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Created on Oct 22nd 2018 06:15. Viewed 458 times.

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