Get GST Ready Now! #GSTRegistration #gstupdate #setupfilings #setupfilings.com #gstdocuments
Are you ready to register for GST? Don't wait any longer! With GST Registration, you can quickly and easily get your business registered and compliant. Get GST ready today and take the next step towards success!
What are the Benefits of GST Registration?
The advantages of GST Registration are given bellow:-
Simplifies Taxation Services
GST has combined a number of indirect taxes under one umbrella and integrated the Indian market.
Reduction in Costs of Products & Services
With the introduction of GST, the cascading effect of a series of VATs and taxes has been erased which has resulted in the reduction of cost of goods and services.
Helps in Avoiding Lengthy Taxation Services
GST Registration helps the small businesses in avoiding the lengthy taxation services. As the service providers with a turnover of less than 20 lakhs and goods provider with a turnover of less than 40 lakhs are exempt from paying the GST.
Aimed at Reducing Corruption and Sales Without Receipts
GST was introduced with an aim of reducing corruption and sales without receipts. Also, it helps in reducing the need for small companies to comply with various indirect taxes.
Uniformity in Taxation Process
GST Registration brings uniformity in the taxation procedure and allows centralized registration. This helps the businesses to file the tax returns every quarter through an online process.
Minimizing Tax Evasion
With the introduction of GST, tax evasion is minimized to a great extent.
Higher Threshold for Registration
Earlier, in the VAT system, any business with a turnover of more than Rs 5 lakh was liable to pay VAT in India. In addition, service tax was exempted for service providers with a turnover of less than Rs 10 lakh. Under GST regime, on the other hand, this threshold has been increased to Rs 20 lakh, which exempts lot of small traders and service providers.
What are the Benefits of GST Registration?
The advantages of GST Registration are given bellow:-
Simplifies Taxation Services
GST has combined a number of indirect taxes under one umbrella and integrated the Indian market.
Reduction in Costs of Products & Services
With the introduction of GST, the cascading effect of a series of VATs and taxes has been erased which has resulted in the reduction of cost of goods and services.
Helps in Avoiding Lengthy Taxation Services
GST Registration helps the small businesses in avoiding the lengthy taxation services. As the service providers with a turnover of less than 20 lakhs and goods provider with a turnover of less than 40 lakhs are exempt from paying the GST.
Aimed at Reducing Corruption and Sales Without Receipts
GST was introduced with an aim of reducing corruption and sales without receipts. Also, it helps in reducing the need for small companies to comply with various indirect taxes.
Uniformity in Taxation Process
GST Registration brings uniformity in the taxation procedure and allows centralized registration. This helps the businesses to file the tax returns every quarter through an online process.
Minimizing Tax Evasion
With the introduction of GST, tax evasion is minimized to a great extent.
Higher Threshold for Registration
Earlier, in the VAT system, any business with a turnover of more than Rs 5 lakh was liable to pay VAT in India. In addition, service tax was exempted for service providers with a turnover of less than Rs 10 lakh. Under GST regime, on the other hand, this threshold has been increased to Rs 20 lakh, which exempts lot of small traders and service providers.
همه توضیحات ...