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

GST Registration in Uttar Pradesh is a basic identification process that was introduced to improve the income of the government and to reduce the tax compliances. Registration under the GST regime brings many other benefits like increasing credibility of business, availing input tax credit on purchase of the business , improving the transportation facilities also, cascading tax effect is reduced etc. This article will give you insight about the GST Registration from process , documents, fee.

We at Professional Utilities can help you to get GST Registration in Uttar Pradesh in a smooth and effortless manner.

Registration under GST will be determined by activities which are undertaken by the taxpayer:

• Composition Dealers - This scheme is availed by the taxpayer having maximum 1.5crores of turnover and tax is paid at the fixed rate. Under this scheme compliance is simple and fewer returns are filled.
• Compulsory Registration - Under this registration certain businesses should register regardless of turnover.
• No Registration - When GST Registration is not required because GST does not fall under the condition of compulsory registration.
• Voluntary registration - Businesses get GST registration even if they are not liable to do so. By getting GST Registration in Uttar Pradesh . They can take advantage of input tax credit.

• 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 authorized 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.

There are many feature of the GS registration in Utttar Pradesh as mentioned below-

• Input Tax Credit - With GST Registration in Uttar Pradesh businesses can claim input tax credit on their purchases. Which increases their profit inturn.
• Threshold limit - In Uttar Pradesh any business with annual turnover more than 40 lakhs and 20 lakhs for any business which are engaged in services is the limit when business needs to get registered.
• GSTIN - Under GST registration the basic purpose that gets solved is assigning of the 15 digit Goods and Services Tax Identification Number(GSTIN).
• Rating of GST Compliance - One of the features of the GST Registration is the GST Compliance rating system where businesses are rated on the basis of their GST compliance. Higher the rating, higher the business credibility and reputation.

Under GST several tax systems are bought under a single tax system. This tax reform has resulted in an increase of taxpayers in addition to increase in company efficiency. There are many benefits of getting GST Registration in Uttar Pradesh. as mentioned below -

• Registration has Higher threshold - Under GST limit for registration is higher as exemption has been increased to 40 lakhs.
• Cascading Tax is eliminated - With the introduction of GST registration in Uttar Pradesh cascading tax is eliminated. This tax has replaced many taxes such as service tax, VAT, excise duty etc. All these taxes are bought under one tax.
• Composition Scheme - Introduction of the composition Scheme has been provided to small traders as rate of tax remains regardless of the turnover.
• Less Compliance - Under GST Registration in UttarPradesh small business gets the benefit of the lower taxes. All this helps in reducing the Compliance burden and the tax rate remains the same.
• Online Registration process - Entire process of GST Registration is online. This makes getting registration easy and simple.
• Logistics efficiency increase - With the introduction of the GST Registration efficiency of logistics increases in India by simplifying taxation, removing state checkposts etc.
• Regulating unorganised sector - Introduction of GST Registration helps in regulation of the unorganised sector to promote economic growth, fair competition and protect worker rights.

To complete the registration different sets of documents are required for the different types of the taxpayers. GST Registration sometimes proves to be complicated and lengthy with professional help that can be made easy. With Professional Utilities with 1499/- fee get quick, hassle free registration.