GST Registration in Chennai
Apply for GST registration in Chennai through Smart auditor. Our service wings are expanded in Velachery, Adayar, Guindy, Mylapore, Anna nagar, Saidapet and T-Nagar. Smart auditor is the best service provider with 100% dedication and on time service. We are a trustable firm having 10+ years of experience in this sector.
Goods and services tax is an indirect tax in India on the supply of the goods and services. The GST tax was launched by the central government that includes all types of taxes in it. Before the invention of GST, there are many taxes like service tax, luxury tax, entertainment tax and central sales tax etc. GST is the combination of all taxes and it came into law force on July 2017. Goods and service is divided into 5 different percentages for collecting tax – 0%, 5%, 12%, 18% and 28%. GST is divided into three components IGST, SGST and CGST.
Every company, organization, firm, cooperative societies, federation, etc that supplies products and commodities have to register under the Goods and Services tax. GST depends on the annual turnover of the company and it varies from state to state. The registration of GST is an online process, GST is a 15 digit unique number and the process requires 4-7 working days to complete the GST registration.
What Are the Important Documents For GST Registration
- PAN card proof of the applicant
- Aadhar card / pass port
- Proof of business registration certificate / incorporation certificate
- Digital signature
- Address proof of place of business
- Account statement / cancelled cheque
- Identity and address proof of director / promoters with photographs
- Board resolution /Letter of authorization -Authorized signatory
Benefits of GST Registration
- Removal of cascading effect of GST
- Uniform tax structure
- There is increase in the revenue
- Regulation of unorganized sector under GST
- Reduction of litigation
- Can charge the recipients of their good and service
- Increase in GST (gross domestic product)
- Online registration to save the time
- Limited compliance