GST Registration for Small Business in India



GST Registration for Small Business in India

"Call Our Business Plan Experts at +91-72999-72500"


If you're planning to start a small business, then you must know about GST registration. It's mandatory for all the businesses with a turnover exceeding Rs 20 lakh, whether you're based in India or abroad. 

It's best to take a GST registration voluntarily, as it will help you get legal recognition and can also be beneficial for the consumers.

You can easily register your business under the GST Act through the GST portal. You will need to have certain documents with you like the PAN card, Aadhaar, and proof of address along with the photograph of your place of business. You'll also need to keep a record of all invoices. This will come in handy if you ever have to file a return.

After submitting these documents, you'll need to wait for some time before you receive an OTP on your mobile phone and email id, which will validate the information that you entered on the website. Once you've received this OTP, you can now proceed with the next step of completing your application. Then you'll be given a Temporary Reference Number (TRN) on the screen, which you should save and make note of.

After the TRN is generated, you'll be able to fill out Part A of the application on the GST portal. It includes details like the date of opening of your business, the name and address of the place of your business, and the type of tax you're registering for.

 

Tel:+917299972500

info@filingpoint.com

Comments

Post a Comment

Popular posts from this blog

Company Registration in Nungambakkam - Filingpoint

Image
Call our Filingpoint Online Company Registration Expert +91 72999 72500 Filingpoint   Company Registration in Nungambakkam is a critical step for entrepreneurs who want to start a business in one of India's most thriving cities. However, it's crucial to have full knowledge of the benefits, types of companies, and registration process to ensure smooth and error-free execution. Benefits of Company Registration in Nungambakkam The most important reason for registering a business is to have a distinct legal entity which is separate from its promoters, shareholders or members. This protects the personal assets of the members in case of any financial liabilities. Another benefit of a registered company is the ability to raise funds through public offering and also provides tax advantages. Besides, a private limited company provides higher credibility for businesses and helps in attracting better manpower. Additionally, it is easy to expand the operation...
Read more

IE Code Registration in Kodambakkam - Filingpoint

Image
Welcome to Filingpoint Online IE Code Registration Expert +91 72999 72500 Filingpoint   IE Code is an inevitable 10-digit code for anyone involved in the import and export of goods or services in India. It is issued by DGFT and comes with a lifetime validity. Importers and exporters cannot continue business without this code and they can't avail benefits from DGFT or Customs for their import/export business. It is also required by the banks for money transfer abroad. The IE Code registration can be done online and the documents needed are: Getting an IE code opens up international markets and allows you to take your business to the next level. It also helps you in making your business more credible and trustworthy. You can register for an IE code as a sole proprietorship, partnership firm, limited liability company (LLC), trust, HUF, or society. The process is entirely online and the documents required are simple to submit. The advantage of an IE Code...
Read more

LLP Formation: Common Pitfalls to Avoid for First-Time Entrepreneurs

Image
Call our filingpoint experts at +91 72999 72500 or visit https://filingpoint.com Introduction: When venturing into the entrepreneurial realm, forming a Limited Liability Partnership (LLP) can be an appealing choice due to its flexibility and liability protection. However, for first-time entrepreneurs, the LLP formation process can be fraught with pitfalls. Filingpoint experts will provide consulting about LLP formation and startup. Let’s go to discuss about “LLP Formation: Common Pitfalls to Avoid for First-Time Entrepreneurs”.   Here are common missteps to avoid:   Incomplete Understanding of LLP Structure: §   Many first-timers dive into LLP formation without a comprehensive understanding of its structure and legal obligations. It's crucial to grasp the roles and responsibilities of partners, compliance requirements, and tax implications.   Choosing the Wrong Partners: §   Selecting the right partners is paramount. Rushing into partnership...
Read more