GST
GST has been implemented all over India with effect from 1st July, 2017. Under the new GST regime, nearly 2 crores businesses in India have obtained GST registration. All businesses having GST registration are required to file GST returns.
GST Registration?
- Turnover of goods and services crossing Rs.20/40 Lakhs
- E-commerce operators – Such as Flipkart, Snapdeal Etc
- Non Resident entities - Any Non-resident person or company supplying goods or services irrespective of turnover.
- Inter-state supplies - Anyone supplying goods or services to another state, need to apply for GST regardless of turnover. Even online service provider serving customers in another State will instantly attract GST registration.
- Vendors through Ecommerce portals – Persons who supplies goods through E-commerce sites
- Services from outside India – Any person providing services out of India need to register GST with irrespective of turnover.
Process for GST Registration:
Collection of information
Drafting application
GST allotment
GST Returns:
GST return filing is mandatory for all businesses having GST registration, irrespective of business activity or sales or profitability. Hence, even a dormant business must file GST return
Why RCCO for GST?
One Point of Contact
RCCO assigns one point of contact manager for assisting and filing GSTR
Periodic Reminder
Reminders to avoid last minute rush and assessee can make arrangements for GST tax payment
Expertise
RCCO team equipped with expertise GST knowledge specifically for small and medium based establishments