GST registration in Ernakulam
The Goods and Service Tax (GST) has introduced enormous tax changes in India. It has had the option to remove the tax on tax’, or the falling impact of taxes, since its origin in the year 2017. GST is collected at each difference close by a thing that travels through its store network. In this blog, we will talk about who ought to do GST registration in Ernakulam and what the documentation standards are for GST registration in Ernakulam.
What Is the Threshold Limit for GST Registration in Ernakulam?
At the time of origin, a yearly turnover of Rs 20 lakhs was kept as the threshold limit for taxpayers to do GST registration. Be that as it may, in the 32nd GST Council Meeting in January 2019, states were offered choices to either pick new restrictions or to proceed with the current ones.
Who Should Register for GST in Ernakulam?
⦁ Individuals/businesses registered under tax services of the pre-GST regime (VAT, Excise, Service Tax, etc.)
⦁ Persons needed to deduct TDS and TCS under GST
⦁ Inter-state suppliers of goods & services
⦁ A person/business that supplies online information, database access, and/or retrieval services from outside the country to a person/business in India
⦁ Non-Resident taxable persons
⦁ All e-commerce aggregators who facilitate supply through their platform
⦁ A person/business that supplies items through an e-commerce aggregator
⦁ Persons selling on behalf of someone else, either as the principal or as an agent
⦁ Input service distributors
⦁ Any other person/business as notified by the Central/State Govt
⦁ Casual taxable persons
What Are the Documents Required for GST Registration in Ernakulam?
⦁ PAN card of the applicant
⦁ Proof of business address (anyone from electricity bill, owner NOC, rent/lease agreement, and so on)
⦁ Identity and address proof for each of the promoters/directors, along with photographs
⦁ Bank details (bank statement, the first page of bank passbook, a canceled cheque of the bank account bearing the name of the account holder)
⦁ Authorization details (anyone from letter of authorization, copy of the resolution passed by the managing committee/BoD specifying the authorized signatory)
⦁ Proof of business constitution (partnership deed, registration certificate, Memorandum of Association (MOA), certificate of incorporation, Articles of Association (AOA), and so on)
How to Check the GST Registration Status After Applying Online
After you present the GST registration online, you can check the GST registration status from wherever you are. Here is the method by which you can check the GST registration status-
After you submit the online application, a message confirming successful submission will show up on the screen.
An Application Reference Number (ARN) will be sent to your email ID and the registered mobile number.
With this ARN, you can check the GST registration status on the GST gateway.
On submission of substantial documents, you will get your permanent GST number within 7 days of application. This number (called the GSTIN or GST Identification Number) should be referenced on every one of the invoices submitted or received by you.
What Is the GST State Code Used in Ernakulam?
Each state in India assigns a two-digit number in the GST state code. This code assists with knowing where a business entity or taxpayer is from. The initial 2 digits of a GSTIN signify the GST state code. The GST state code should be available in any GST invoice for organizations working in Ernakulam or the province of Kerala, besides.
The GST state code for Ernakulam is 32 according to the GST state code list. For instance, in the GSTIN 32AABCU9603R1ZW, the initial 2 digits (32) indicate the GST state code for the province of Kerala. The GST state code determines that the business is situated in Ernakulam. No business can work in Ernakulam without having the state GST code.
The GST state code for Ernakulam can be from the GSTIN of the purchaser, which refers to the ‘Place of Supply’ segment of a GST invoice. The GST state code assists the public authority with evaluating whether to charge IGST, SGST, or CGST on a taxpayer or a business element. On the off chance that the state code for the purchaser and the provider is extraordinary, IGST will be charged. If these two codes are something very similar, both the SGST and CGST will be charged.