GST (Goods & services) is an indirect tax that will be levied on goods and services. This tax will be substitute for all indirect tax levied by state and central government. GST came into effect from 1 July 2017.
 

There are 3 Components of GST : Central Goods and Services Tax or CGST (levied on intrastate supplies by the central government), State Goods and Services Tax or SGST (levied on intrastate supplies by respective state governments) and Integrated Goods and Services Tax or IGST (levied on interstate supplies by the Centre (equal to CGST + SGST combined on supplies made within the state).

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@ Rs. 8,99/-

Eligibility of GST Registration

  • Businesses whose turnover exceeds Rs. 40 lakhs* ( Rs.10 lakh for businesses that are present in hill states and North-Eastern states)

  • If you are a service provider & sales or turnover is crossing Rs. 20 lakh in a year

  • If you are having an e-commerce business.

  • If you are doing business in an inter-state.

  • If you are required to pay tax under reverse charge

  • Non- resident person (If you live outside India, but supply goods to individuals who stay in India)

  • Individuals who pay tax under the reverse charge mechanism

  • Input service distributors and agents of a supplier

  • If you supply goods or services, and not having a permanent place of doing business, GST Registration will be compulsory because its charged on the basis of an estimated turnover of 90 days.(validity of the Registration is 90 days)

  • Outside India Online Portal
     

Our Packages

Basic Package

Rs. 899/-

Package includes 

  • GST Registration

  • Different GST invoice formats

Advanced Package

Rs. 1899/-

Package includes 

  • GST Registration

  • Accounting Software

  • Different GST invoice formats 

  • GST Return Filing for 3 Months

  • An Accountant to solve all your query regarding the GST

Premium Package

Rs. 4499/-

Package includes 

  • GST Registration

  • Accounting Software

  • Different GST invoice formats 

  • GST Return Filing for 12 Months

  • An Accountant to solve all your query regarding the GST

Advantages of having GSTIN

GST Rates

  • Benefit of availing seamless input tax credit

  • Removes cascading effect of taxes

  • Increase in GDP

  • More competitive and secured business

  • GST provides credits for the taxes paid by producers earlier in the goods/services chain

  • Removes the custom duties applicable on exports

  • Elimination of multiple indirect taxes

  • Increase in Revenue

The GST is imposed at variable rates on variable items. Goods and services are divided into five different tax slabs for collection of tax - 0%, 5%, 12%, 18% and 28%. Petroleum productsalcoholic drinks, and electricity are not taxed under GST and instead are taxed separately by the individual state governments, as per the previous tax system.

Goods & Services Forms & Filings :
 

Registered entities are required to file various GST returns, mandatory Returns for total of 26 returns in a year are :

GSTR 1GSTR-1 is a monthly Statement of Outward Supplies to be furnished by all registered taxpayers making outward supplies of goods and services or both and contains details of outward supplies of goods and services every month by those whose turnover more than INR 1.5 Crore and to be filed quarterly by those whose turnover upto INR 1.5 Crore.
Due date for filing of GSTR 1 is 10th of the next Month.

GSTR 3BFiling GSTR 3B form is mandatory for all those who have registered for the Goods and Services Tax (GST). Every business have to file GSTR-3B even when there has been no business activity (nil return).

Due date for filing GSTR-3B return form is 20th of the next Month.

GSTR-4 : GSTR-4 has to filed by every Composition dealer (those who opt for this scheme are known as compounding vendors). They would be required to pay taxes at fixed rate without any input tax credit facilities.

Due date of GSTR-4 is 30th of April of following the relevant financial year.

GSTR-5 : GSTR 5 return to be filed by Non resident taxpayers. It furnished all the details of inward and outward supplies and the tax liabilities.

Due date of GSTR-3B is 20th of next month.

GSTR 6 : GSTR-6 is a monthly return and it is filed by Input Service Distribution (ISD). It contains the details of ITC received by an Input Service Distributor and distribution of ITC.

Due date of GSTR-6 is 13th of every month.

GSTR 8 : GSTR-8 is a monthly return form to be filed by all e-commerce operators who are required to deduct TCS (Tax Collected at Source) under GST. It furnished all the details of supplies effected through the e-commerce platform and the amount of TCS collected on such supplies.

Due date of GSTR-8 is 10th of the next Month.

GSTR 9 : It is filed annually and carries all the details of income tax and GST paid by the registered taxpayer. It is calculated according to the total turnover and the taxable amount payable by the merchant.

Due date of GSTR 9 is 31st September of the financial year.

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Our Services

Business Registration

Trademark / Patent Registration

Labor Law & Compliance

Business Consultation

Legal Documents

GST / PT Registration

TDS Returns

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Our Location

BENGALURU OFFICE
 

No. 50, 1st, JP Nagar 2nd Phase,

12th A Cross, 23rd Ma, Bengaluru, Karnataka.

J P nagar - 560078.

 

+91 952 221 0342
 

Marketing@cognezic.com

MUMBAI OFFICE

625, Ijima, Mind Space

Goregaon West, Mumbai, Maharashtra

 

Malad – 401101.
 

+91 952 221 0344
 

 Info@cognezic.com

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