Apply at photonjournal@yahoo.com for Online VAT/ CST Registration. It costs INR 50, 000
Value-added Tax (VAT) Registration-
VAT is a multi-point destination based system of taxation, where the tax is levied on value addition at each stage of the production / distribution chain and the ultimate VAT tax is borne by the consumer. VAT is collected by the state government and it is essential to know what the VAT rate is for the type of good or service you provide in each state you provide it in.
Documents Required for VAT Registration-
Value-added Tax (VAT) Registration-
VAT is a multi-point destination based system of taxation, where the tax is levied on value addition at each stage of the production / distribution chain and the ultimate VAT tax is borne by the consumer. VAT is collected by the state government and it is essential to know what the VAT rate is for the type of good or service you provide in each state you provide it in.
Documents Required for VAT Registration-
- Scanned PAN Card of Partners/Directors/Proprietor
- Scanned copy of Voter's ID/Passport/Driver's License
- Scanned passport-sized photograph
- Scanned passport-sized photograph
- Rental agreement/Sale deed of commercial space
- PAN Card of Company or Partnership
- Board Resolution, in case of company
- Incorporation Certificate or Partnership Agreement
- Memorandum & Articles of Association
CST Registration
In most states, a single Tax Payers Identification Number (TIN Number) is used as registration for both local VAT and CST. In a few states however, there still exists dual registration for VAT and CST. Every person or entity undertaking inter-state sale is liable to be registered for CST or is subject to a penalty of imprisonment of upto six months or fine or both. Even in case an entity or person does not undertake inter-state sales, voluntary CST registration is recommended as an unregistered entity has to pay a CST of 10% on goods purchased, whereas an entity or person registered for CST would pay only 4% taxes on goods purchased. As the VAT & CST tax regime is complex and unique for each state, it is recommended that you talk to a tax expert or an IndiaFilings Business Expert to know more about the taxes applicable for your business.
FOR THE ENTITY (IF ANY)
Goods and Services Tax (GST)-
GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. GST Law has replaced many indirect tax laws that previously existed in India. Goods and Services Tax (GST) is an indirect tax reform which aims to remove tax barriers between states and create a single market. Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage.
Documents required for GST registration:
- PAN card of the Company
- Proof of constitution like partnership deed, Memorandum of Association (MOA) /Articles of Association (AOA), certificate of incorporation.
- Details and proof of place of business like rent agreement or electricity bill
- Cancelled cheque of your bank account showing name of account holder, MICR code, IFSC code and bank branch details
- Authorized signatory like List of partners with their identity and address proof in case of partnership firm or List of directors with their identity and address proof in case of company.
GST will apply when turnover of the business exceeds Rs 20 lakhs (Limit is Rs 10 lakhs for the North Eastern States).
A person without GST registration can neither collect GST from his customers nor claim any input tax credit of GST paid by him.
- PAN card of the Company
- Proof of constitution like partnership deed, Memorandum of Association (MOA) /Articles of Association (AOA), certificate of incorporation.
- Details and proof of place of business like rent agreement or electricity bill
- Cancelled cheque of your bank account showing name of account holder, MICR code, IFSC code and bank branch details
- Authorized signatory like List of partners with their identity and address proof in case of partnership firm or List of directors with their identity and address proof in case of company.
GST will apply when turnover of the business exceeds Rs 20 lakhs (Limit is Rs 10 lakhs for the North Eastern States).
A person without GST registration can neither collect GST from his customers nor claim any input tax credit of GST paid by him.
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