Cost of gst registration

Most of the products and services that are subject to the new tax regime have been categorized under four tax slabs - , , and. Big firms can charge from anywhere 10to 5000. Are you getting a bit confused? What it is exactly means? How do I register for GST?

Government is not charging a single penny for allotting GSTIN. The only fee that you end up paying could be the professional fees, that a professional may charge for carrying out the registration on your behalf. This fees ranges from Rs. GST Registration Fees In case you complete the GST Registration procedure online , no fee will be levied. For certain businesses, registration under GST is mandatory.

If the organization carries on business without registering under GST , it will be an offence under GST and heavy penalties will apply. The most important thing is to ensure you have the capability to file for the GST Returns on time every quarter (or six months). GST helps to build a transparent and will increase efficiency in tax administration. Goods and services are bifurcated into five different heads of tax slabs for collection of tax – , , , and. GST registration usually takes between 2-working days.

Basically, GST promotes the one tax format. It consists of several central taxes and state taxes which will enable you to give one tax rather than giving about taxes. The companies that are doing interstate business will get the maximum benefits.

Therefore, your logistics and inventory costs will fall. Laura runs an accountancy firm and has just bought a new computer for the office. Because GST is one-eleventh of the sale price, Laura paid $1GST. Laura is registered for GST because her business’s GST turnover is more than $7000.

Choosing how you will report on your GST when you register for GST. Registering for GST voluntarily You can choose to register for GST if your turnover from a taxable activity is. Yes, her car is used of the time for a business purpose. Given car registration is necessary in order to use her car, this test is satisfied.

Did the expense amount include GST ? Only the TAC Fee has GST associated with it - given by the (incl. GST ) label. You may check online if a business is GST - registered via the Register of GST - registered Businesses. Search can be done using the name or tax reference number of the business.

However, the GST Practitioner or the Chartered Accountant may charge their professional fees. If a business is liable to get a registration but does not register , then a penalty is levied. No contracts and no hidden charges.

GST Advisory, GST Return filing, TDS Returns filing, Trademark Registration and a host of other services easily. GST has been one of the most significant tax reforms this country has seen. It is a single tax that replaced all the multiple taxes that were applicable previously, such as Central Excise, Octroi, VAT, Entry Tax, Service Tax, etc. You have to fulfill the conditions below to register for GST.

Short-term registration. Learn about registration fees in Victoria. You may be eligible for a concession on your vehicle registration. Motorcycle fees for metropolitan and rural areas.