GST refers to Goods and Services Tax which subsumes all taxes such as Sales tax, Service tax, Excise duty etc. into GST.
GST registration is required primarily if your annual sales are more than Rs. 20 Lakh. Even if your sales are less than Rs. 20 Lakh, we suggest that you voluntarily opt for GST registration because:
The 42nd GST Council Meeting, chaired by the Union Finance Minister Nirmala Sitharaman, was held on 5 October 2020, and important announcements on GSTR 1 and 3B quarterly filing on account of the COVID-19 crisis were announced. It was attended by the Minister of State (MoS) for Finance Anurag Thakur along with the finance ministers of all the states.
Vakilsearch is using the internet to simplify time-consuming paperwork. Over the past five years, we have helped tens of thousands of start-ups register themselves, protect their intellectual property, secure funding from Venture Capitalists & comply with the many regulations of the MCA.
Vakilsearch is India’s largest professional platform of lawyers, chartered accountants, and company secretaries-with years of experience behind. We execute legal work for over 1000 companies and LLPs every month, by leveraging our tech capabilities, and the expertise of our team of legal professionals.
We make your interaction with the government as smooth as possible by doing all the paperwork for you. We will also give you absolute clarity on the process to set realistic expectations.
With a team of over 300 experienced business advisors and legal professionals, you are just a phone call away from the best in legal services.
We provide access to reliable professionals and coordinate with them to fulfil all your legal requirements. You can also track the progress on our online platform, at all times.
By handling all the paperwork, we ensure a seamless interactive process with the government. We provide clarity on the incorporation process to set realistic expectations.