All about GST Registration in Jammu & Kashmir

GST Registration in Jammu & Kashmir was introduced to promote unparalleled economic integration with the rest of India. GST Registration has many benefits just like any other state such as increase in profit of business , credibility also increase and government has also benefited due to increase in its income.

Get effortless and smooth GST Registration in Jammu and Kashmir with Professional Utilities by filling the contact form.

In Jammu and Kashmir, the Goods and Services Tax (GST) regime is aligned with the rest of India.

• Composition Scheme - Taxpayers whose turnover less than 1.5crores opt for this scheme. This scheme is easy and simple. Composition taxpayers have to pay GST at the fixed rate.
• Non-Resident Taxable Person - Non-Resident Taxable Person- Any person who is making taxable supply in India but has no fixed place or is not a resident has to take GST Registration. Any Non -Resident taxable person involved in taxable supply no limit for registration is applicable has to take this registration.
• E-Commerce - Any person or his agent who operates, owns or manages electronic facilities or digital or platform for e-Commerce activities need to get GST Registration in Jammu and Kashmir regardless of turnover.
• Regular GST Registration - Any Taxpayer who has turnover of more than 40 lakh engaged in supply of the goods and 20 lakhs in supply of services should take GST Registration in Jammu and Kashmir.
• Casual Taxable - Any dealer whether agent or principle has seasonally or occasionally involve whether for cash for deferred payment

To get GST Registration in Jammu & Kashmir below mention steps:

• Step 1 - First Part - A of GST REG 01 needs to be filled in which E-Mail, Mobile No. is filled after OTP is received and after verification TRN No. is issued.
• Step 2 - After that Part - B of GST REG 01 in which partner name, bank detail and digital signature are verified.
• Step 3 - Document is uploaded in the prescribed format along with the form.
• Step 4 - Documents and forms are verified by the officer, if there is any discrepancy then that form is rejected and the taxpayer is given 3-4 days to solve any discrepancy.
• Step 5 -After the approval of the form. In Form GST REG 06 GST Certificate is issued to the taxpayer.

It has many features which make it suitable for the growth of the economy and taxpayer.

• State wise Registration - Businesses must register according to their presence in various states. For example, if a manufacturer has branches in Delhi, Ghaziabad, and Gurugram, he must register for GST in each of those cities.
• Transaction is Paperless - Due to the fact that GST Registration in Noida is an online process, all forms and papers must be submitted to the GST Department online.
• PAN Card based Registration - PAN Card is required for GST registration in Jammu and Kashmir.
• Convenient - There are no time, location, or cost restrictions to follow because the application for GST Registration in Noida may be completed at any time and from any location at the taxpayer's leisure.

There are many benefits for getting registration in Jammu And Kashmir as mentioned below -

• Logistics efficiency improves - Restriction on interstate movement of the goods is reduced, logistics operators set their warehouse at the strategist's location and the resulting reduction in the cost of the logistics operator increases the profit of the logistics company.
• Eliminates cascading Effect - Implementation of the GST Registration stops tax cascading that is tax on tax. By creating a comprehensive input tax credit process which ranges the whole supply chain.
• Increase Government Income - With the implementation of the GST Registration in Jammu and Kashmir business index in India is going to improve.it will widen tax base and taxpayers cooperation. GDP is going to increase.
• Reduce Tax Evasion - Tax evasion is reduced by implementing uniform GST Rates and reducing rates arbitrage.
• Promotion of the Export - Taxes paid on exporting goods and services must be reimbursed, as well as taxes paid on the materials and support services required to provide such exports. A system would be in place to simply export the cost of the products or services, not taxes.

GST registration in Jammu & Kashmir requires forms and many documents to be filled which are verified by the GST officer. It is very important to get GST registration to avoid many penalties and legal complexities. GST Registration in Jammu and Kashmir is basic identification granted to the business under the GST regime.To get the benefits and avoid the penalties choose Professional Utilities services at 1499/-.