Goods & Service Tax (GST)
Goods and Services Tax (GST) is an indirect tax which was introduced in India on 1 July 2017 and was applicable throughout India which replaced multiple cascading taxes levied by the central and state governments.
Goods and Services Tax is divided into three categories – Central GST

  • (CGST), State GST (SGST) and Integrated GST (IGST)
  • Central GST (CGST) which will be levied by Centre
  • State GST (SGST) Which will be levied by State

Integrated GST (IGST) – which will be levied by Central Government on inter-State supply of goods and services.
GST Applicability
GST is applicable and mandatory for all persons whose aggregate turnover in a Financial Year exeeds Rs 20 Lacks ( for both inter state and intra state supply of goods and services)

For Discussion Call +91 9884 181816

How we can help with registration process?
Busimann.com can help your business obtain GST Certificate in 2 to 7 working days, subject to Government processing time.

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GST

Do you want to register your company under? Or You prepare your GST return, GST3B, GST R1, GSTR 2 etc

Income Tax

Do you want file your income tax return for your company. Or you want personal support to consolidate your all taxable income and file return.?

Compliance service

Complete all filling requirements in time, from ROC, FEMA, Fssai, Income tax, TDS. We can support at your door step

GST Application Preparation
An Busimann GST Expert will prepare your GST application and collect the documents necessary through the GST Portal.
GST Application Filing
Once the application is prepared and documents are collected, we will file your application online and provide you ARN number immediately.
GST Registration Certificate
Once the GST application and the attached supporting documents are verified by the Officer, GSTIN and GST Certificate is provided.

Documents required for GST Registration?

For Proprietorship 

  • One Photograph
  • Copy of PAN Card
  • Copy of Address proof – Aadhaar Card/Driving License/Passport/Voter ID
  • Copy of Bank Statement/Mobile Phone/Landline Telephone Bill
  • Copy of Aadhaar Card
  • Rental Agreement

For Partnership

  • One Photograph of partners
  • Copy of PAN Card partners and firm
  • Copy of Address proof – Aadhaar Card/Driving License/Passport/Voter ID
  • Copy of Bank Statement/Mobile Phone/Landline Telephone Bill
  • Copy of Aadhaar Card of partners
  • Rental Agreement
  • Partnership Deed

For Company

Company Documents

  • PAN card of the company
  • Registration Certificate of the company
  • Memorandum of Association (MOA) /Articles of Association (AOA)
  • Copy of Bank Statement
  • Copy of Board Resolution
  • PAN and ID (Identity Proof) of Directors
  • Copy of electricity bill/landline bill, water bill of registered office
  • Rent Agreement (for rented premises)
  • NOC (No Objection Certificate) from the owner
  • DSC of director in case of company

GST Return Filing In Regular Tax payer

After obtaining GST registration, the entity will be required to file GST returns periodically. Failure to file GST returns will attract penalty.

  • Entities with an annual turnover of more than Rs.1.5 crores (INR 15 Million) will have to file monthly GST returns.
  • The three returns to be filed by normal taxpayers are GSTR-1 (details of outward supplies) on the 10th of each month,
  • GSTR-2 (details of inward supplies) on the 15th of each month
  • GSTR-3 (monthly return) on the 25th of each month.

The reduce the compliance burden of small businesses with a turnover of less than Rs.1.5 crores, the Government has announced quarterly returns commencing from the quarter starting in October.

GST Return Filing In Composition  Tax payer

  • GSTR-4 –GSTR-4 is a GST Return that has to be filed by a Composition Dealer. Unlike a normal taxpayer who needs to furnish 3 monthly returns, a dealer opting for the composition scheme is required to furnish only 1 return which is GSTR-4. GSTR-4 cannot be revised after filing on the GSTN Portal. Any mistake in the return can be revised in the next month’s return only.
  • GSTR-4A –Similar to the GSTR-2A above, GSTR-4A is generated quarterly for composition scheme taxpayers. It has the details of the inward supplies as reported by suppliers in GSTR-1.
  • GSTR-9A – This is the annual return for all composition tax payers. It has to filed by 31st December of the coming financial year and includes all the quarterly returns filed by the composition tax payer.

Returns to be filed by Foreign Non-Resident Taxpayer

GSTR-5 – This is a detailed form containing the particulars of outward supplies, imports, tax paid, input tax availed and remaining stock

Returns to be filed by an Input Service Distributor

GSTR-6A – It will be auto-populated with the details of inward supplier made to them. It has to be filed on a monthly basis by the ISD.

GSTR-6 – Once the details are confirmed or corrected by the ISD, then GSTR-6 will be generated. This is also a monthly filing.

Returns to be filed by a Tax Deductor

GSTR-7 – Details of the tax deductions made during the month has to be furnished here.

GSTR-7A – This is a TDS certificate, which is auto-generated upon filing the GSTR-7 by the tax Deductor. It will contain details of the tax deducted and the total amount of payment made.

Return to be filed by an E-Commerce Portal

  • GSTR-8 – This return shall contain all the supplies made by the E-Commerce seller and the amount of tax collected as well.
  • GSTR-9B – It has to be filed annually and is basically an audited annual accounts, duly certified by competent authority.
  • Form GSTR-11 – These bodies have a UIN (Unique Identification Number) and hence will be required to furnish the details of inward supplies.
  • GSTR-10 – Where a taxable person’s registration has been surrendered or cancelled, then a final return in Form GSTR-10 has to be filed within 3 months of such cancellation or registration.

How we can help with registration process?
Busimann.com can incorporate a Private Limited Company in 14-20 days, subject to ROC processing time.