Goods and Service Tax is a tax levied on the user's supply of goods and services from manufacturing to final consumption. GST is a simplified indirect tax structure. The tax paid on goods and services procured by one person can be availed as credit while passing on the goods and services to the next stage until they reach the final consumer who bears tax incidence
In the GST Regime, businesses if a turnover from the sale of goods exceeds Rs. Forty lakhs (Rs 20 lakhs for NE and hill states) or service turnover exceeds Rs 20 lakhs; it is required to register as an average taxable person. For other businesses, registration under GST is mandatory irrespective of turnover, like those paying tax under the reverse charge mechanism, supply to SEZ, Exports, etc.
We at MKDA assist you in getting GST Registration in Bangalore in 3-6 working days.
After receipt of all necessary documents, It takes 2/3 working days to process GST Registration in Bangalore. The timeline may vary depending on replies from the GST department/portal & the availability of documents from the client side.
In regards to your business’ returns, you should have GST return compliance for legal safety. We at MKDA have speedy and updated GST compliance services with highly experienced GST consultants in Bangalore.
Various services provided by MKDA are as follows:
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GST is calculated by multiplying the Taxable amount by GST rate. If CGST & SGST/UTGST is to be applied, then CGST and SGST both amounts are half of the total GST amount.
GST = Taxable Amount x GST Rate
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