All Need to know about the :- GST Registration in Arunachal Pradesh

GST Registration in Arunachal Pradesh is established in India for development of the economy. By registering under the GST Act a person can get the benefit of the increase in the profit, simplification of the procedure, less compliances and many other. Other benefits of the GST Registration are elimination of cascading effect, increase in efficiency of the logistics. By going through this page will give full insight about the GST Registration in Arunachal Pradesh.

Contact Professional Utilities to get GST Registration in a smooth and hassle -free manner .

There are various methods of registration for various entities as mentioned below -

• E- Commerce - Any person engaged in supply of goods and services through E- Commerce. They manage, own and maintain the platform needed to get GST Registration. It is needed to get GST Registration regardless of the turnover.
• Inter State - Entity needs to get GST Registration that is engaged in supply of goods from one state to another state.
• Casual Taxable Person - Person who provides goods and services occasionally in union territory or state. They do not have fixed places like seasonal enterprises or transient businesses at exhibitions or fairs. They need to get the GST Registration.
• Non-Resident Taxable Person - Anybody residing outside India supplying commodities in India. This GST Registration is valid for three months even though they can be extended or renewed.
• Aggregate Turnover - Any business which has turnover more than 40 lakhs engaged in supply of goods and 20 lakhs engaged in supply of services. Those businesses should get GST Registration.
• No Registration - There are certain businesses who are exempted to get registration regardless of the turnover.
• Compulsory Registration - Regardless of turnover, certain businesses are required to register under this.

If you become eligible to get GST Registration then you need to get the GST Registration by following the below mentioned process.

• Step 1 - After login in, Form GST REG 01 Part A is filled out for GST Registration. The firm or applicant name, mobile number, and email address is filled in that form. A TRN number is generated after verification through OTP.
• Step 2 - Part B of Form GST REG 01 is filled in which company’s approved signatories, and banks are all mentioned. Then after verification ARN No. is generated .
• Step 3 - Required documents, in the required size and format, are uploaded. Documents like bank statements, Aadhar cards, PAN cards, etc.
• Step 4 - After submission of the documents and form. Officer has to examine the form and documents. After verification decision is made regarding the application's approval or denial.The applicant has three to four days to offer any kind of justification.
• Step 5 - After explanation, verification and approval , in GST REG 06 GST Certificate and GSTIN is issued to the applicant.

• InputTax Credit - After getting registration under GST business can get input tax credit on taxes paid on their purchases. This will helps in reducing overall tax liability.
• Compliance - After getting GST Registration, the taxpayer has to comply with various GST regulations such as maintaining proper record of transaction,filing of GST Return and invoicing.
• Increased Tax base - GST Registration is increasing the tax base by applying consolidated tax on both goods and services.
• PAN Based registration - GST Registration is done according to the PAN. a legal entity that has businesses in a state will get separate registration for each location.
• State-Specific registration - Businesses need to register themselves in each union territory or state in which they provide services.

The following benefits of Arunachal Pradesh GST registration are mentioned below.

• Lesser Compliance - Arunachal Pradesh GST Registration has fewer compliances and fewer returns.
• Input Tax Credit - A GST-registered firm has the right to deduct taxes from the cost of the goods and services they are supplying.Taxes are decreased as a result, and profit margins rise.
• More Transparency - Transparent taxation is provided via GST registration. Without incurring more costs, business expenses decline.
• Improvement in logistics - Logistics are improved by the implementation of the GST. In the past, they built warehouses all over, but now they only have them at certain locations.
• Increase in Income of the Government - The government's chances of generating income are improved with the implementation of the GST.
• Creditworthiness Increase - Businesses gain credibility by registering for GST so they can open bank accounts. When small enterprises declare their income, they are recognised.
• Cascading Tax is eliminated - Cascading tax has been eliminated in Arunachal Pradesh once GST registration was instituted. Service tax, VAT, and excise duty have all been replaced by this tax. Each of these charges is subject to the same tax.

GST Registration in Arunachal Pradesh is a unified tax system to support economic development in the country. It has the benefit of reduction in the cost of the product, simple and easy tax procedure, improvement in logistics and increase in the income of the government.

To get registration under GST, taxpayers are required to submit required documents as per types of the assess, filling of form and verification by officer.