The goods and services tax (GST) GST is an indirect tax that has changed many Central and State taxes like excise duty, VAT and carrier tax and is a value-introduced tax levied on maximum items and offerings offered for home consumption. The GST is paid via way of means of consumers, however it’s miles remitted to the authorities via way of means of the agencies promoting the products and offerings. In effect, GST gives sales for the authorities.
This tax got here into implemented in India July 1, 2017 thru the implementation of One Hundred and First Amendment of the Constitution of India via way of means of the Indian Government. The tax changed current a couple of Central and State Government taxes.
Aggregate turnover: A carrier provider, who gives offerings greater than Rs. 20 lakh in a yr is needed to get GST registration in Punjab. Whereas an entity this is engaged withinside the deliver of products is needed to crosses Rs. 40 lakh is needed to get the GST registration in Punjab mandatorily.
1. If you’re providing items or offerings out of doors your nation which can be taxable in GST, then you need to check in your self for GST if the quantity of deliver is even one rupee.
2 .So, in case you are renting your computer systems to a customer out of doors your nation for his or her non-public use or providing offerings out of doors your nation, then sure you need to check in your self in GST and entire GST Act might be relevant to you therefore i.e. you need to document GST returns and comply with all of the policies prescribed in GST Act.
DOCUMENTS REQUIRED FOR GST REGISTRATION IN PUNJAB
If you’re the proprietor of Proprietorship Company, Arrange those documents
1 )PAN Card of the Business or Applicant
2 )Aadhaar Card Of Proprietor
3) Applicant Bank Details
four Applicant Address Proof
If you’re the proprietor of Partnership/ LLP, Arrange those documents
i .PAN Card of the Business or Applicant
ii. Aadhaar of All Directors
iii. Bank Details
iv. Address Proof
v. MOA, AOA and Incorporation
vi. Partnership Deed/ LLP Certificate
If you’re the proprietor of Private Limited, Arrange those documents
1 PAN Card of the Business or Applicant
2 Aadhaar of All Directors
three Bank Details
four Address Proof
five MOA, AOA and Incorporation .