GST Registration in Nungambakkam - Filingpoint

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Filingpoint an GST is a new taxation system introduced in India to replace multiple indirect taxes. It is a single tax which applies to all goods and services in the country at every stage of supply, right from the manufacturer to the consumer. Credits of input taxes paid are available for set-off at each subsequent stage of value addition, making it a destination based tax. It also simplifies the accounting process as it requires only one return per quarter, rather than multiple returns for each state or product. It is a much simpler and effective taxation system than previous regimes, and it encourages business efficiency.

Any person or entity who is involved in any supply of goods and services is required to get registered under GST if their turnover is above the minimum tax limit. This includes a taxable person who supplies goods or services through an E-commerce platform, a casual taxable person who offers seasonal supplies from a booth or shop, and any other person who makes supply of goods or services.

A PAN card is a must for any individual or legal entity applying for registration. For partnerships, proprietorships, trusts and LLPs it is the PAN of the principal owner. For foreigners, a valid passport is needed.

Once a person is approved, they will be given a unique ID called GSTIN. They will then be able to file monthly GST returns through the online portal, with information on their sales and purchases. This will help in calculating their tax liability. They must ensure that they file these returns on time to avoid interest and late fees.

Contact Filingpoint GST Registration Expert +91 72999 72500