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GST Registration In Patna Bihar

gst registration in Patna Bihar

Bihar Tax Consultant – Simplifying GST Registration in Patna: Your Trusted Partner

Are you looking for professional assistance with GST registration in Patna? Bihar Tax Consultant is here to simplify the process for you. With our expertise and in-depth knowledge of GST regulations, we offer comprehensive support to businesses and individuals in registering for Goods and Services Tax (GST).GST registration can be a complex and time-consuming procedure, but with our experienced team of GST consultants in Patna, you can rest assured that your registration will be handled efficiently and accurately. We guide you through the entire process, ensuring compliance with all necessary requirements and documentation.

At Bihar Tax Consultant, we understand that every business is unique, and our approach to GST registration reflects that. Our consultants take the time to understand your specific needs, providing personalized guidance tailored to your business structure and industry.

Whether you are a sole proprietor, partnership, or corporation, our GST registration services in Patna are designed to meet your requirements. We help you determine the appropriate GST registration category, assist in completing the application, and ensure timely submission to the relevant authorities.Choose Bihar Tax Consultant as your trusted partner for GST registration in Patna. Let us handle the complexities while you focus on your business growth and success.

Any business involved in the supply of services whose turnover in a financial year exceeds Rs.20 lakhs for Normal Category states (Rs.10 lakhs for Special Category states)
Every person who is registered under an earlier law (i.e., Excise, VAT, Service Tax etc.) needs to register under GST, too.
When a business which is registered has been transferred to someone/demerged, the transferee shall take registration with effect from the date of transfer.
A person making inter-state supplies
Casual taxable person
Non-Resident taxable person
Agents of a supplier
Those paying tax under the reverse charge mechanism
Input service distributor (see below)
e-Commerce operatoror aggregator*
Person who supplies via e-commerce aggregator
Person supplying online information and database access or retrieval (OIDAR) services from a place outside India to a person in India, other than a registered taxable person

Bihar Tax Consultant – Your Reliable GST Consultants in Patna

When it comes to GST compliance and advisory services, Bihar Tax Consultant stands out as a trusted and reliable partner for businesses and individuals in Patna. Our team of experienced GST consultants possesses in-depth knowledge of GST regulations and keeps up-to-date with the latest changes in the taxation landscape.

As GST consultants in Patna, we provide comprehensive services that go beyond just compliance. We offer strategic guidance and insights to help businesses optimize their GST structures, streamline processes, and maximize tax benefits. Our consultants assist in GST return filing, input tax credit reconciliation, GST audits, and handling any issues or disputes that may arise.

At Bihar Tax Consultant, we pride ourselves on delivering personalized solutions tailored to your specific needs. We take the time to understand your business operations, industry dynamics, and long-term goals, enabling us to provide customized advice that aligns with your objectives.With our GST consultants in Patna by your side, you can navigate the complexities of GST with ease, ensuring compliance while minimizing the tax burden. Trust Bihar Tax Consultant to be your dedicated partner in GST advisory services, providing you with the expertise and support you need for success.

Advantages of GST Registration

Bihar Tax Consultant – Your One-Stop Solution for GST Consulting in Patna

Looking for comprehensive GST consulting services in Patna? Bihar Tax Consultant offers a complete range of services to assist businesses and individuals in effectively managing their GST obligations.Our GST consultants in Patna possess deep expertise in GST regulations and understand the complexities and challenges associated with compliance. We provide end-to-end solutions, including GST registration, filing of GST returns, GST audits, compliance reviews, and resolving any GST-related issues or disputes.

With a client-centric approach, we work closely with you to analyze your business operations, identify potential risks, and develop tailored strategies to ensure GST compliance while optimizing tax benefits. Our consultants stay up-to-date with the latest GST developments, ensuring that you receive accurate and timely advice.At Bihar Tax Consultant, we believe in building long-term relationships with our clients. Our team is dedicated to delivering exceptional service, proactive communication, and transparent reporting. We strive to exceed your expectations and provide practical solutions that drive your business forward.

Choose Bihar Tax Consultant as your trusted partner for GST consulting in Patna, and experience the peace of mind that comes from having reliable experts on your side. Let us handle your GST matters while you focus on what you do best – running a successful business.

Nature of GST registration online

The registration in GST is PAN based and State specific.

Supplier has to register in each of such State or Union territory from where he effects supply. In GST registration, the supplier is allotted a 15-digit GST identification number called “GSTIN” and a certificate of registration incorporating therein this GSTIN is made available to the applicant on the GSTN common portal. The first 2 digits of the GSTIN is the State code, next 10 digits are the PAN of the legal entity, the next two digits are for entity code, and the last digit is check sum number. Registration under GST is not tax specific which means that there is single registration for all the taxes i.e. CGST, SGST/UTGST, IGST and cesses.

A given PAN based legal entity would have one GSTIN per State, that means a business entity having its branches in multiple States will have to take separate State wise registration for the branches in different States. But within a State an entity with different branches would have single registration wherein it can declare one place as principal place of business and other branches as additional place of business

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Documents Required For GST Registration

GST registration documents are requirements are different for different class of business.

Documents required for Sole Proprietorship / Individual

PAN card,
Aadhaar Card,
Passport size photo of the sole proprietor.
Registered Office Address proof:-
–Self-owned property – Copy of electricity bill, landline bill, water bill, municipal khata copy, property tax receipt
–Rented property – Rent agreement and No objection certificate (NOC) from the owner of the rented property.
Bank account details- a copy of the cancelled cheque, the front
page of passbook or bank statement

Documents required for Partnership deed/LLP Agreement

Documents of Partners:- PAN Card, Passport size photograph and Address Proof of Partners,
Partnership Deed,
PAN card of Firm,
Registered Office Address proof:-
–Self-owned property – Copy of electricity bill, landline bill, water bill, municipal khata copy, property tax receipt
–Rented property – Rent agreement and No objection certificate (NOC) from the owner of the rented property.
Bank account details- a copy of the cancelled cheque, the front page of passbook or bank statement
Additional documents in case of LLP– Copy of Board Resolution, Registration Certificate of the LLP
Proof of appointment of authorized signatory (Digital Signature Certificate of any one of the designated partner)

Documents required for Private Limited / Public Limited / One Person Company (Indian or Foreign)

PAN Card of the company
Registration Certificate of the Company (Certification of incorporation) given by MCA
Memorandum of Association (MOA) /Articles of Association (AOA)
PAN card, Passport size Photograph and Aadhaar card of all Directors,
PAN card and Aadhaar card of the authorized signatory.
Board Resolution or any other proof of appointing authorized signatory
Registered Office Address proof:-
–Self-owned property – Copy of electricity bill, landline bill, water bill, municipal khata copy, property tax receipt
–Rented property – Rent agreement and No objection certificate (NOC) from the owner of the rented property.
Bank account details- a copy of the cancelled cheque, the front page of passbook or bank statement

Five Benefits of GST Registration

He is legally recognized as supplier of goods or services.

He is legally authorized to collect tax from his customers and pass on the credit of the taxes paid on the goods or services supplied to the purchasers/ recipients.

He can claim input tax credit of taxes paid and can utilize the same for payment of taxes due on supply of goods or services.

Seamless flow of Input Tax Credit from suppliers to recipients at the national level.

Bank loan on the basis GST Transaction by leading bank

Why Bihar Tax Consultant For GST Registration

Bihar Tax Consultant is one of the best rated Tax Consultant in Bihar offering GST registration, GST fillings, GST Appeals and GST Compliance Management. Our team of experts are ready to assist you with all your tax related issues. We have an excellent track record of success in helping our customers overcome their tax problems, which is why we have been able to maintain a high batting average over the years.

We are a team of highly qualified and experienced professionals who understand the intricacies of GST. We have been helping our customers to get their GST registration done and file returns on time. In case you are facing any problem, we can help you solve it. We are one of the most reputed and reliable firms in India that offers all kinds of services related to GST. Our team is well-versed with the latest tax laws and regulations, which helps us provide our clients with customized solutions. We have helped many businesses get their registrations done quickly so that they can start trading as soon as possible.

If you are looking for a firm that can help you file GST returns on time, then we are here to help to file on gst portal. Our team of professionals has years of experience in dealing with GST-related issues and can provide you with the best solutions. We understand that every business is unique, and so we offer customized services to meet each one’s requirements.

Whether you want to register for GST or file your returns, we can help you with all the processes. We have a team of experts who are well-versed with all aspects of GST, including laws, regulations and compliance requirements. Our professionals will guide you through every step of the process so that there are no delays in filing your returns or getting registrations done. Our team will also help you with any queries that you may have regarding gst registration details. We can provide information on how to calculate taxes and file returns, as well as explain any changes in the laws that might affect your business. Our experts are always at hand to help you through any challenges that you may face during the implementation of this new tax system.

GST Consultant in Patna

A GST consultant in Patna helps businesses understand the requirements of the new tax system and helps them prepare for it by determining their filing obligations under the new legislation. They also offer advice on how best to meet these requirements so as to minimize your exposure to penalties and fines. GST Consultant in Patna helps businesses understand the requirements of the new tax system and helps them prepare for it by determining their filing obligations under the new legislation. They also offer advice on how best to meet these requirements so as to minimize your exposure to penalties and fines and also inform about gst registration status. The main objective of hiring a GST consultant in Patna is to ensure that you are compliant with all aspects of the law and do not end up paying more than what is required by law.

What is Goods and Services Tax (GST)?

It is a destination based tax on consumption of goods and services. It is proposed to be levied at all stages right from manufacture up to final consumption with credit of taxes paid at previous stages available as setoff. In a nutshell, only value addition will be taxed and burden of tax is to be borne by the final consumer.

WHAT EXACTLY IS THE CONCEPT OF DESTINATION BASED TAX ON CONSUMPTION?

The tax would accrue to the taxing authority which has jurisdiction over the place of consumption which is also termed as place of supply. For Example . Mr. A is a supplier of goods registered in the State of Jharkhand supplies goods to Mr.B who is the recipient of goods who is registered in the State of Bihar. Place of Supply – Jharkhand Place of Consumption – Bihar Jurisdiction – Bihar in all Tax matters

WHICH OF THE EXISTING TAXES ARE PROPOSED TO BE SUBSUMED UNDER GST?

Taxes currently levied and collected by the Centre: a. Central Excise duty b. Duties of Excise (Medicinal and Toilet Preparations) c. Additional Duties of Excise (Goods of Special Importance) d. Additional Duties of Excise (Textiles and Textile Products) e. Additional Duties of Customs (commonly known as CVD) f. Special Additional Duty of Customs (SAD) g. Service Tax h. Central Surcharges and Cesses so far as they relate to supply of goods and services State taxes that would be subsumed under the GST are: a. State VAT b. Central Sales Tax c. Luxury Tax d. Entry Tax (all forms) e. Entertainmentand Amusement Tax ( exceptwhen levied by the local bodies) f. Taxes on advertisements g. Purchase Tax h. Taxes on lotteries, betting and gambling i. State Surcharges and Cesses so far as they relate to supply of goods and services The GST Council shall make recommendations to the Union and States on the taxes, cesses and surcharges levied by the Centre, the States and the local bodies which may be subsumed in the GST.

WHAT PRINCIPLES WERE ADOPTED FOR SUBSUMING THE ABOVE TAXES UNDER GST?

The various Central, State and Local levies were examined to identify their possibility of being subsumed under GST. While identifying, the following principles were kept in mind: (i) Taxes or levies to be subsumed should be primarily in the nature of indirect taxes, either on the supply of goods or on the supply of services. (ii) Taxes or levies to be subsumed should be part of the transaction chain which commences with import/manufacture/ production of goods or provision of services at one end and the consumption of goods and services at the other. (iii) The subsumation should result in free flow of tax credit in intra and inter-State levels. The taxes, levies and fees that are not specifically related to supply of goods & services should not be subsumed under GST. (v) Revenue fairness for both the Union and the States individually would need to be attempted

What will be the status in respect of taxation of above commodities after introduction of GST

The existing taxation system (VAT & Central Excise) will continue in respect of the above commodities.

WHAT WILL BE STATUS OF TOBACCO AND TOBACCO PRODUCTS UNDER THE GST REGIME?

Tobacco and tobacco products would be subject to GST. In addition, the Centre would have the power to levy Central Excise duty on these products. The tobacco industry is shining , despite the serious warning that smoking and tobacco have ill and negative effect on the human body. Many reports have been released by WHO claiming that India is harbouring the world’s highest incidence of mouth cancer. We are the second largest consumer of tobacco as well as producer, next to china. The tobacco industry attracts Central Excise duty, National Calamity Contingent Duty (NCCD), GST, and compensation cess as it is a sin good. In fact, a lot of revenue is generated from the sale of tobacco for the Indian government. However, the tax burden levied on the Indian tobacco industry is not enough, as per the recommendation of the WHO for a minimum tax burden of 75% on all tobacco-related products. The tobacco industry attracts Central Excise duty, National Calamity Contingent Duty (NCCD), GST, and compensation cess as it is a sin good. In fact, a lot of revenue is generated from the sale of tobacco for the Indian government. However, the tax burden levied on the Indian tobacco industry is not enough, as per the recommendation of the WHO for a minimum tax burden of 75% on all tobacco-related products.

WHAT TYPE OF GST IS PROPOSED TO BE IMPLEMENTED?

It would be a dual GST with the Centre and States simultaneously levying it on a common tax base. The GST to be levied by the Centre on intra-State supply of goods and / or services would be called the Central GST (CGST) and that to be levied by the States/ Union territory would be called the State GST (SGST)/ UTGST. Similarly, Integrated GST (IGST) will be levied and administered by Centre on every inter-state supply of goods and services.

WHY IS DUAL GST REQUIRED?

ndia is a federal country where both the Centre and the States have been assigned the powers to levy and collect taxes through appropriate legislation. Both the levels of Government have distinct responsibilities to perform according to the division of powers prescribed in the Constitution for which they need to raise resources. A dual GST will, therefore, be in keeping with the Constitutional requirement of fiscal federalism.

WHICH AUTHORITY WILL LEVY AND ADMINISTER GST?

Centre will levy and administer CGST & IGST while respective states /UTs will levy and administer SGST/UTGST

WHY WAS THE CONSTITUTION OF INDIA AMENDED RECENTLY IN THE CONTEXT OF GST?

Currently, the fiscal powers between the Centre and the States are clearly demarcated in the Constitution with almost no overlap between the respective domains. The Centre has the powers to levy tax on the manufacture of goods (except alcoholic liquor for human consumption, opium, narcotics etc.) while the States have the powers to levy tax on the sale of goods. In the case of inter-State sales, the Centre has the power to levy a tax (the Central Sales Tax) but, the tax is collected and retained entirely by the States. As for services, it is the Centre alone that is empowered to levy service tax. Introduction of the GST required amendments in the Constitution so as to simultaneously empower the Centre and the States to levy and collect this tax. The Constitution of India has been amended by the Constitution (one hundred and first amendment) Act, 2016 for this purpose. Article 246A of the Constitution empowers the Centre and the States to levy and collect the GST