GST (Goods & services tax), value-added tax imposed on most of the goods and services which is sold for the domestic consumption. GST is the tax paid by the consumers which is ultimately revenue collection for the government. It is mandatory tax to be paid by all the entities over a prescribed threshold. Registration ensures safe taxation and lets you enjoy various benefits. Multiple input taxes paid at every stage build up and cause cumbersome interaction with tax authorities. This can be sidestepped by adding value for each stage and a final tax being paid by the customer to the last dealer from whom the product is being bought or services were taken. GST (Goods and Services Tax) simple words, means instead of paying taxes at every level, people can pay at a single go.
In order to supply goods and products in India, it is mandatory to do GST registration. GST would be applicable on “supply” of goods or services as against the present concept of tax on the manufacture of goods or on sale of goods or on provision of services. Failure to register under GST can lead to penalty of 10% of the total amount due minimum 10,0000/-. Registering GST online is easy and quick process without any hassles to visit government offices. Just submit few required documents, furnish details of the business and you are registered. We offer GST registration services in noida