GST registration in Thodupuzha
The Goods and Services Tax (GST) in India has resulted in notable tax changes. Since its commencement in 2017, it has had the ability to eliminate the ‘tax on tax,’ or the lessening impact of taxes. GST is collected at each location as an item travels through its retail network. This article will go over who should be in charge of GST registration in Thodupuzha, as well as the documentation that is required.
What Is the Threshold Limit for GST Registration in Thodupuzha?
For taxpayers, the initial registration threshold was Rs 20 lakhs in annual revenue. During the 32nd GST Council Meeting in January 2019, states were given the option of adopting new thresholds or sticking with the current ones.
Who Should Register for GST in Thodupuzha?
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 Thodupuzha?
⦁ 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 Keep track of Your GST Registration After Applying Online?
You can track the progress of your GST registration from any place after you’ve finalized it online. Here’s how to see if your GST registration is active:
- After submitting the online application, a notification verifying successful submission will appear on the screen.
- An Application Reference Number (ARN) will be provided to your registered email address and mobile phone number.
- You can use this ARN to verify the GST registration status on the GST portal.
- After submitting essential paperwork, you will obtain your permanent GST number within 7 days.
- This number (also known as the GSTIN or GST Identification Number) must appear on all invoices you file or receive.
What Is the GST State Code Used in Thodupuzha?
The GST state code assigns a two-digit number to each state in India. This code is used to determine the location of a company or a taxpayer. The GST state code is represented by the first two digits of a GSTIN. Furthermore, the GST state code must be included on every GST invoice for Thodupuzha or Kerala-based businesses.
Thodupuzha’s GST state code is 32, according to the list of GST state codes. Kerala’s GST state code is represented by the GSTIN 32AGBCU4578R1DW’s first two digits (32). The GST state code for the firm’s Thodupuzha location. No business can operate in Thodupuzha without a state GST code.
The GST state code for Thodupuzha can be found in the purchaser’s GSTIN, which is included in the ‘Place of Supply’ section of a GST invoice. The GST state code aids the government in determining whether an IGST, SGST, or CGST should be applied to a taxpayer or a business element. IGST will be charged if the state codes of the buyer and the provider differ. Both the SGST and the CGST will be imposed if these two codes are substantially similar.
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