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What Are The Benefits of New GST Registration

With new GST Registration you will get the numerous benefits that exceptionally impact the business's growth, efficiency, and market competitiveness. GST Registration is the crucial step for any business aiming for sustainable success in the modern marketplace. For a flawless registration under GST, you can seek the expert guidance of professionals like Legal Pillers. We will help you in the new GST Registration effortlessly.

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What Are The Benefits of New GST Registration

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  1. What Are The Benefits of New GST Registration? • GST i.e. Goods & Services Tax was announced as a significant shift in the taxation system of nation. It has been combined the various indirect taxes in one that results in the simplified tax structure. New GST Registration is not just important but also very beneficial for the new & growing businesses. In this article we will tell you about the various benefits of acquiring new GST registration. Let’s discuss about it.

  2. Who is Eligible for New GST Registration? • Individuals enrolled under Pre-GST law i.e. Excise, VAT, Service Tax, etc. • Businesses with an annual turnover of more than 40 Lakhs while the limit is 20 Lakhs or 10 Lakhs for some state special category. • Casual taxable person and Non-Resident Taxable person (NRIs) • Agents of suppliers or Input Service Distributor (ISD) • Vegetable Oil Processing Units as well as Production Units • People paying taxes under the Reverse Charge Mechanism • People who supply via e-commerce aggregator • Person supplying online date & database access from a place outside India to a person in India. • All the e-commerce portals & sellers • Inter-state supplier of goods i.e. if you are a supplier of goods & services in more than one state.

  3. Benefits of New GST Registration 4 1 3 2 • Simple & least compliances • E-Commerce Business • Reduce the burden of tax • Heightening Economy

  4. Benefits of New GST Registration The major benefits of new GST Registration are as given below- • Simple & Least Compliances • Reduce the Burden of Tax • E-Commerce Business • Heightening Economy New GST Registration cuts down all the indirect tax into one. GST Registration becomes user-friendly. After registration, taxpayers need to pay a single indirect tax which is GST i.e. Goods & Service Tax. There will be no need of any additional compliance and processing. You can complete and submit the form easily. With new GST Registration, taxpayers need to pay a single indirect tax all over India. New GST registration will decrease the tax burden on small scale industries and businesses. The process of new GST registration is very easy and its registration fee is also less. The decline of the tax burden will help in enhancing the consumption level. We all know that when the price decreases, the consumption level rises. This is the accurate situation where tax rates have declined and as a result the consumption level risen. It will result in increase in productivity and heighten the economy in the long run. As without a new GST Registration number no one can start the an online e-commerce business, so GST certification provided a major advantage for the e-commerce website like snap deals, Nykaa, Club factory Myntra, etc. it must have a GST registration before starting the business. So, here are the major benefits of the new GST Registration. It is very crucial to acquire registration under GST for a better financial future.

  5. Online Application Form 01 • After gathering all the documents, fill the application form for GST Registration Online. Submitting the Documents 02 • After completing the application form of GST Registration online, you have to submit all the essential documents. • Process of GST Registration Online ARN i.e. Application Reference Number Generation • When all the documents have been registered, you will get a 15 digits ARN i.e. Application Reference Number code as a proof of the confirmation of your GST Registration online. 03 GST Registration Certificate & GSTIN Number 04 • After the confirmation of GST Registration online, you will receive your GST Registration Certificate & GSTIN i.e. Goods & Services Tax Identification Number within 10 days subject to government approval.

  6. Conclusion • With new GST Registration you will get the numerous benefits that exceptionally impact the business's growth, efficiency, and market competitiveness. GST Registration is the crucial step for any business aiming for sustainable success in the modern marketplace. For a flawless registration under GST, you can seek the expert guidance of professionals like Legal Pillers. We will help you in the new GST Registration effortlessly. 10% 20% 70%

  7. Thank you Contact Us +91 9267941961 info@legalpillers.com www.legalpillers.com

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