GST Registration Application Checklist
What our entrepreneurs say...
“deAsra’s assistance in finance generation opened ways to take our dance classes and event management business to a level that helped generate profits over 2 lakhs in a short period of two months. As the name suggests ‘deAsra’, is truly a major support indeed.”
“I always had keen interest in automobiles and was skilled at washing cars. It was a dream to have a self owned car washing centre and deAsra not only helped in terms of fund raising but they also gave knowledge about running and managing a business.”
What is Goods and Services Tax?
GST is an indirect tax that is levied on goods as well as services. All the existing state and central indirect taxes are subsumed under the GST. It is applicable throughout the country (except Jammu and Kashmir). GST is also referred as “One Nation One Tax”.
Under this system, a single product is taxed at the same rate in every corner of the country(Except J&K).
Takeaways from this checklist
- Consolidated list of documents required for applying for this registration is given.
- Details of GST applicability criteria.
- Step by step procedure to apply for GST registration.
Benefits of GST Registration
The newly introduced Composite Scheme and its tax benefits can be availed by the entrepreneurs whose turnover is within the prescribed limit.
There is a common portal for various requirements such as registration, payment of tax and filing returns. Thus reducing the complexity involved.
Businesses prefer to choose GST registered entities over the ones that are not registered to avail the benefits of input tax credit.