GST Registration In Chennai
Intellecto Filings GST registration services in Chennai offer expert guidance and assistance throughout the entire registration process. These services have the necessary knowledge and experience to help businesses understand the requirements, complete the required documentation, and submit the application accurately. We also provide valuable insights on selecting the appropriate GST registration category and the applicable tax rates for specific goods or services.
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Overview of GST Registration In Chennai
The Goods and Services Tax (GST) was introduced in India on 1st July 2017, with the aim of replacing numerous taxes and creating a uniform tax system. The 32nd council meeting saw the threshold limit for GST registration In Chennai set at 40 lakhs for suppliers of goods and 20 lakhs for suppliers of services, with the North-Eastern States having the option to choose between 20 lakhs and 40 lakhs. Upon registration, businesses will receive a unique Goods and Service Tax Identification Number (GSTIN). There are numerous advantages to registering for GST, such as being able to avail input tax credit and collect GST from recipients of goods and services.
GST is divided into four categories:
- Integrated Goods and Services Tax (IGST)
- Union Territory Goods and Services Tax (UTGST)
- Central Goods and Services Tax (CGST)
- State Goods and Services Tax (SGST)
Benefits of GST Registration in chennai
- Customers’ taxes can be legally withheld, and tax benefits can be distributed to suppliers.
- Business achieves complete tax compliance
- You can increase profits by claiming the input tax credit you paid on your purchases.
- One of the documents needed to create a current account or business account is a GST certificate.
- If you have GSTN, you can quickly apply for different state and federal government contracts.
- Expand your company via a variety of methods, including the internet and international trade
- GST numbers are used to launch payment gateways and mobile wallets.
Documents Required for GST Registration
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
Partnership Firm:
- PAN card of all partners (including managing partner and authorized signatory)
- Copy of partnership deed
- Photographs 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 (Hindu Undivided Family)
- PAN Card of HUF
- Passport size Photograph of the Karta
- ID and Address Proof of Karta
- Address proof of the place of business
- Bank Account Details
Public or Private Limited Company
- Pan card of the Company
- Certificate of incorporation of Company
- Memorandum of Association (MOA) and Articles of Association (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.
- Address proof of the place of business.
Procedure for GST Registration in Chennai
Process
- Visit the GST portal and select ‘New Registration’.
- Fill in the necessary details like name of business, state, pan card details, etc.
- Enter the OTP and click proceed.
- Make a note of the Temporary Reference Number (TRN).
- Check the GST portal and select ‘Register’ in the ‘Taxpayers’ menu.
- Enter the TRN and proceed.
- Enter the OTP received on your registered mobile number or your email and then proceed.
- You can check the status of your application on the next page.
- Fill in the necessary details and upload the necessary documents.
- Submit your application after verifying by one of the three methods given.
Validity of GST Registration Certificate
Our Support
At Intellecto Filings, we make the GST Registration in Chennai process easy and hassle-free. Our clients can track the progress of their application on our platform at all times. If you have any queries regarding the GST Registration process, our experienced representatives are just a phone call away. We ensure that your communication with our professionals is smooth and pleasant.
- To get started, purchase a plan for expert assistance.
- Then, add your queries regarding GST Registration in Chennai and provide the necessary documents to our experts.
- We will then prepare your application for GST Registration and complete all admissibility criteria for preliminary screening.
- After that, we will take care of all the procedural actions and deliver your GST Registration right to your doorstep!
FAQ
Any company must obtain multiple GST Registration numbers if:
The business entity is required by law to obtain GST Registration in each State where it is providing goods and services from multiple States.
To minimise accounting issues between different firms, any business entity can obtain several GST Registration numbers even if they operate from one State across many sectors.
The GST Registration in India’s composition scheme does not apply to:
- Supplier of products exempt from taxes
- creator of the notified goods
- service companies
- online retailers
- cross-state buyers
- Benefits relating to the GST Composition Scheme
- less tax liability; little need to keep meticulous records;
- A single quarterly return must be filed. Four tax returns every year; Fewer compliances;
- A modest amount of turnover tax (1% for merchants & 5% for restaurants) may be paid;
- can offer an auxiliary service under the composition system for up to 5 lakh Rupees per year.
cannot claim any purchases as an input tax credit;
cannot apply any composition tax on a customer invoice as would typically be done under a standard GST arrangement. Can’t generate a tax invoice.
The Application Reference Number is abbreviated as ARN. The ARN number is generated upon the successful submission of the GST Registration application. After the required documents have been uploaded, the ARN number is generated.