GST Registration

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Hassle Free GST Compliance

GST (Goods and Services Tax) is essentially an Indirect tax which has been implemented to replace numerous taxes in India. With the GST bill approved, all existing businesses registered under central excise, service tax or VAT need to register under GST using an online registration process.

It is mandatory for companies whose turnover is more than Rs.20 lakhs (for service business) and Rs. 40 lakhs (for goods business) yearly to register for a GST. The tax rates range from 0 to 28% depending on the nature of goods/services being sold.

The procedure for GST is entirely online and requires no manual intervention. However, it can sometimes be complex. At CONTABILL, our experts guide you on the procedure, applicability and compliances under GST registration.

Why Register for GST:

  • Higher exemptions to new businesses
  • Reduced Tax Compliances
  • Lower tax rates for small business owners
  • Elimination of Cascading Effect of Taxes

Documents Required :

  • PAN Card
  • Identity Proof
  • Address Proof
  • Bank Account Proof

Process :

  • File and Upload Documents
  • Verification and Submission
  • ARN Generation with OTP
  • Get GST Number on Email

ABOUT SOLE PROPRIETORSHIP

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Easy incorporation

Sole Proprietorship is the easiest form of business entity in the terms of procedure of establishment.
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Minimal cost

The cost involved in the formation of a sole proprietary firm is very less as compared to other forms of business.
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Lesser compliances

As compared to other business forms, there are fewer legal compliances with respect to incorporation, operation and taxation.
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Independent control

As Sole Proprietor is the single owner of his business, he surely has independent control over his operations.
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Single Promoter

This is the only form of business entity that can be promoted by a single individual.
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No corporate tax liability

As per the direct tax laws of India, the sole proprietary entities are not liable to pay flat corporate profit tax, unlike other business forms.