Starting a new business is an Exciting adventure which is marked with innovation, growth, and challenges. With the thrill of developing a business and going through legal and regulatory terms of government, the most important component here is the GST registration.
What is GST Registration?
The goods and service tax is an indirect tax on the supply of goods and services all over the country, GST registration is a mandatory process for businesses to process the turnover limit of some criteria. It varies from state to state depending upon the kind of goods and services.
Understandably, it is defined as a process that brings the business into a formal economy so that the government can collect taxes on the sales made by the manufacturer and get an input tax credit on the purchase.
Why is GST Registration Important?
Legal Compliance: Any business running without GST registration can get legal penalties and legal issues.
Business Credibility: GSTIN provides credibility to the business which raises confidence in the manufacturer from customers and suppliers to take it as a series entity.
Tax Credit: Improve the cash flow and text liabilities.
Smooth Interstate Trade: GST provides an easy route for interest rates as the country has only one tax system.
Government Schemes: In a few cases, registration under GST is a mandatory procedure to get benefits from the government schemes which can help in the business growth.
How to Register Under GST Online
The GST registration process is completely digitalized and accessed online through the GST Portal by the government of India. The process is really user-friendly.
Collect Documents: Aadhar card, PAN card, documents of registration, bank account details and proof of address of the business.
Visit the GST Portal: Go to the GST portal and click on services then registration and then new registration.
Fill in the Application: The business owner needs to register by providing and filling in all the details needed for the process.
Verification: After filling in all the information, an OTP will be received on the registered mobile number with an email to work for with the verifications.
Application Submission: File and upload all the documents and after that, the application will be submitted.
Application Reference Number: After the submission, an application reference number (ARN) will be generated which will help in tracking down the status of the application.
GSTIN Generation: A unique number GST account number or GST is generated after the application gets final approval.
StartupFlora: Your Ally in GST Registration and More
Having a good understanding of the no answers of Online GST registration process is a quite challenging task, especially for small startups with limited resources but now with StartupFlora we will provide you with complete support in ways like:
Process of GST Registration: We will help in preparing and filing all the documents for GST registration in a quick and correct manner.
Experience: Our firm has a team of expert consultants who will lead and guide you through every aspect of GST complaints without any difficulties.
Time and Cost Savings: We work to save your time & resources by helping you with the registration process which is streamlined and is covered with fewer errors.
Beyond GST: Unleash your startup's potential with StartupFlora
StartupFlora is not just working with startups for GST registration, but we also provide package of various services that are crafted for the best support to the startups as:
We help in coaching the startups with the tax exemption provisions that can be applied by the startups.
Seed funding support has also been provided to startups who need to get seat funding to give potential growth to their business.
We also give a helping hand to startups to get recognized under Startup India or DPIIT so that startups can avail the benefits of the government of India..
Leave the rest to us at StartupFlora, but dial us now to claim your FREE consultation and how we may help you go to that next level for your startup!.
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