GST Registration in Chennai , GST Registration Online in Chennai , GST Online Registration in Chennai , GST Consultants in Chennai ,Tax Consultants in Chennai
  • Central GST (CGST)
  • State GST (SGST)
  • Integrated GST(IGST)

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GST – Goods and Service Tax

GST is a single tax on the supply of goods and services (as opposed to the previous regime, where goods & services were separately taxed by state government and the center government), right from the manufacturer to the consumer.

A 'taxable person' under GST, is a person who carries on any business at any place in India and who is registered or required to be registered under the GST Act(s). Any person who engages in economic activity including trade and commerce is treated as taxable person.

'Person' included here are individuals, HUFs, companies, firms, LLPs, AOPs/BOIs, any corporation or Government company, body corporate incorporated under laws of foreign country, co-operative societies, local authorities, government, trusts, artificial juridical persons.

Central GST (CGST)

it will be Levied by Centre Government on Intrastate supply of Good and Services

STATE GST (SGST)

State GST (SGST)

It will be levied by State Government on Intrastate supply of Good and Services

INTEGRATED GST(IGST)

Integrated GST(IGST)

It will be levied by Central Government on Interstate supply of Good and Services

GST Registration Process

Business Structure

Proprietor

Partnership Firm

HUF

Private Company

LLP and others

Documentation

PAN (Permanent Account Number)

Registration documents any

Bank Account details

Registered office proof

Authorized signatory details and others

GST Enrolment

TRN Generation(Temporary Reference Number)

Valid Email-id and Mobile Number

Fill-in the necessary details

Upload the required documents

Submission

Enroll Authorized Signatory DSC

Sign & Submit with Digital Signature Certificate

Approval

Application approval from Registration Authority

Confirmation from the GST Dept.

Registration

Approved certificate

Who are liable to get registered under GST regime?

The following are to get registered under GST Registration Online in Chennai

Any business whose turnover in a financial year exceeds Rs.20 lakhs (For North Eastern and hill states if the limit exceeds Rs.10 lakhs). [If the turnover is supply of exempted goods/services only, which are exempt under GST, this clause is not applicable.]

Every person who is registered under an earlier regime (i.e. to say, Excise, VAT, Service Tax etc.) needs to get registered under GST.

When a business which is registered has been transferred to someone/demerged, the transferee (the person to whom the business is transferred) shall take registration with effect from the date of transfer to him.

Anyone who does inter-state supply of goods.

Casual taxable person – A person who occasionally supplies goods and/or services in a territory where GST is applicable but he does not have a fixed place of business.

Agents of a supplier.

Those paying tax under the reverse charge mechanism (RCM).

Input service distributor - an office of the supplier of goods/services which receives tax invoices on receipt of input services and issues tax invoices for the purpose of distributing the credit of CGST/SGST/IGST paid on the said services to your branch with same PAN.

Aggregator or E-commerce operator.

Person who does supplies via an e-commerce aggregator

Person supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered taxable person FOR MORE DETAILS ABOUT GST Registration in Chennai Contact us (Contact us)

GST Returns

A normal taxpayer will be required to file three returns monthly and one annual return. There are separate returns for a taxpayer registered under the composition scheme, Input Service Distributor, a person liable to deduct or collect the tax (TDS/TCS) under GST (not under Income Tax Act).

GST returns are required to be filed digitally i.e. online, through a common portal to be provided by GSTN, a non-government, private limited company promoted by the central and state governments with the specific mandate that to build the IT infrastructure and the services required for implementing Goods and Services Tax (GST) regime.

To know more about GST Returns

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F.A.Q

What is GST? How GST works?

GST (Goods and Service Tax) is implemented for one nation one tax structure in indirect tax for the entire nation, which will make India a unified common market.

GST is a single tax on supply of goods and services (as opposed to the previous regime, where goods & services were separately taxed by state government and the central government), right from manufacture to consumer. All credits of input taxes paid at each phase will be available in the subsequent phase of value addition, which makes GST a tax only on value addition at each stage with seamless flow of input tax credit (tax paid at previous stage). The end customer thus bear only the GST charged by the last dealer in the supply chain, with set-off benefits at all the prior stages.

What is the position of Import of goods under GST?

The Additional Duty for Excise or CVD and the Special Additional Duty (SAD) presently being levied on imports will be subsumed under GST. As per explanation to clause (1) of article 269A of the Constitution, IGST (Integrated Goods and Service Tax) will be levied on all imports into the territories in India. Unlike in the present rule, the States where imported goods are consumed will gain their share from IGST paid on the same.

What are the Components of GST? Whether Cross utilization allowed under the current regime?

While considering the federal structure of India, dual tax system of GST has been formulated in which there are two components of GST for a transaction made within a state (Intra State transaction) – Central GST (CGST) and State GST (SGST). Both Centre (CGST) and States(SGST) will concurrently levy GST across the value chain. Tax will be levied on every supply of goods and services. Centre would levy and collect Central Goods and Services Tax (CGST), and States would levy and collect the State Goods and Services Tax (SGST) on all transactions within a State

The input tax credit of CGST would be available for discharging the CGST liability on the output at each stage. Similarly, the credit of SGST paid on inputs would be allowed for paying the SGST on output.

No cross utilization of credit would be permitted between CGST and SGST.

For a transaction made outside a state (Inter-State transaction) IGST will be levied. SGST and CGST inputs are available to set off against IGST output tax liability. IGST paid on Inter-state purchase are available to set off first against IGST, then towards CGST and thereafter for SGST output tax payable.

What is the IT infrastructure used for the implementation of GST?

For the implementation of GST in the country, the Central and State Governments together registered Goods and Services Tax Network (GSTN) as a not-for-profit, non-Government Company to provide shared IT infrastructure and services to Central and State Governments, tax payers and other stakeholders. The key objectives of GSTN are to provide a standard and uniform interface to the taxpayers, and shared infrastructure and services to Central and State/Union territories.

GSTN is working on developing a IT infrastructure including the common GST portal providing frontend services of registration, returns and payments to all taxpayers, as well as the backend IT modules for certain States that include processing of returns, registrations, audits, assessments, appeals, etc. All States, accounting authorities, RBI and banks, are also preparing their IT infrastructure for the administration of GST.

GST has brought to paperless return mechanism. There is no manual filing of returns and all taxes can also be paid online. All mis-matched returns would be auto-generated, and there would be no need for manual interventions and the returns would be self-assessed.

What is the value on which GST will be levied?

The Central GST and State GST would be levied concurrently on every transaction of supply of goods and services except on exempted list, goods which are outside the purview of GST and the transactions which are below the prescribed threshold limits. Further, both would be levied on the same price or value unlike State VAT which is levied on the value of the goods inclusive of Central Excise.

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