GST Registration in Himachal Pradesh :- Process, Feature,benefits etc

If your company is located in Himachal Pradesh Understanding the GST registration process is essential. India has developed the Goods and Services Tax (GST), a value-added tax, to replace many indirect levies. Businesses must register for GST if their yearly revenue exceeds Rs. 40 lakh.

You can learn all the necessary details about GST Registration in Himachal Pradesh from this page. GST registration will not only assist in tax return filing, tax collection, and tax submission to the government, but it will also boost corporate credibility and government revenue, both of which contribute to the development of the nation.

Professional Utilities can help you get GST Registration in Assam at just ₹1499/- only.

There are many types of GST Registration in Himachal Pradesh as mentioned below -

• Registration under Composition Scheme - This strategy is introduced to have an easy process and few returns. This programme is voluntary and optional. Businesses can register under this programme if their annual revenue is between 40 lakhs and 1.5 crores.
• Non Resident Taxable Person - Under the GST Act, everyone who provides goods or services in India from outside of India must register. This holds true for 90 days. They must first register before they are allowed to supply items.
• Voluntary Registration - Companies that are not yet eligible for GST registration can register under this form of registration. They freely enrol themselves in the GST programme.
• Compulsory Registration - There are some businesses that, regardless of turnover, must register for GST.
• Turnover Registration - Businesses must register under GST if their annual revenue exceeds Rs. 40 lakh.

GST Registration required certain step those need to be followed are mentioned below-

• Step 1 - Under GST registration after login Part - A form GST REG 01 needs to be filled. In that form Name,Mobile No., Email No. are entered which are verified and TRN No. is issued.
• Step 2 - Under GST Registration Part - B of Form GST REG 01 is filled. In that Bank detail, business detail and authorised signatory detail.
• Step 3 - Upload the required documents in the given format and size. Documents like Bank statements, Aadhar Card, PAN Card etc. then ARN No. is issued.
• Step 4 - After the filling of the forms along with documents. Those documents are verified by the officer accordingly, form is rejected and accepted and the applicant is given 3 to 4 days to give any kind of explanation.
• Step 5 -After verification and clarification officier under GST REG 06 issue GST Certificate and GSTIN.

Various features of GST Registration in Himachal Pradesh as mentioned below-

• Business Detail - All information about the business activities should be provided by the applicants like Goods and Services Supplied, Nature of the business and Service Accounting Code for the goods and services.
• Compliance Requirement - There are certain compliance requirements specified by the GST laws required to file regular GST Return such as maintaining proper books of accounts, GST returns and other compliance requirements.
• Documentation - Under GST There are various documents should be submitted specific to the nature of the business such as identity and address proof, Bank account detail, Proof business registration and many others.
• Input Tax Credit - Business registered under the GST regime has the right to claim input tax credit on taxes paid purchase under certain conditions.

To get yourself registered under GST registration comes with many benefits as mentioned below -

• Input Tax Credit - When Goods and Services being rendered or purchased at that time Input Tax Credit can be availed. This helps in reducing the overall tax burden.
• Credibility of Business increase - GST Registration indicated that business is legitimate business and complaints with law tax. It increases the credibility of the business by building trust of customers and suppliers.
• Doing business becomes easy - Under this tax regime multiple indirect taxes are replaced by single tax. This helps in reducing compliance cost and it is easy to operate the businesses.
• Efficiency increase - GST Registration promoted the simplification of the tax system which resulted in reduction of compliance cost. Efficiency of the business increases and productivity also.
• Tax Benefit - Various tax benefits are available by the business with GST registration like exemption on certain supplies, reduced compliance cost and tax rate on certain goods and services are reduced.

GST Registration in Himachal Pradesh requires many documents. It is beneficial both to the government as well as taxpayers. Just by paying the fee of 1499/- gets the benefit of the GST Registration in Himachal Pradesh. Any further information related to the registration is given in the article mentioned above.