Unsure about the nuances of GST registration in the garden city of Bangalore? Look no further than this quick read.
Most goods and services supplied for domestic consumption are subject to the GST, which is a value-added tax. It’s a consumption tax on goods and services that varies depending on the state you are set up in. It is taxed at every stage of production, from raw materials to final consumption, with a set-off for taxes paid earlier. In any case, the final tax burden will fall on the customer. All people involved in the supply of goods or services are obliged to register for GST under the new tax framework of the GST Registration Process.
GST Threshold in Bangalore
An annual turnover of ₹20 lakhs was initially set as the threshold for taxpayers in Bangalore to register for GST at the time of its commencement. However, states were given the option of opting for new restrictions or continuing with the old ones on the back of the 32nd GST Council Meeting held in January 2019.
Furthermore, this new restriction becomes effective on 1 April 2019. For the sale of goods, Karnataka decided to raise the threshold limit to ₹ 40 lakhs. The threshold restrictions for service providers in the state of Karnataka, on the other hand, have remained unchanged at ₹ 20 lakhs.
How Vakilsearch Can Assist in Bangalore GST Registration
Don’t think you can undergo the rigmarole of GST’s indirect taxation formalities? Apply for GST in Bangalore without any hassle with the help of experts at Vakilsearch.
- As a first and foremost step, you must get in touch with Vakilsearch ‘s GST specialists to assess your GST needs and requirements
- Our team of professional GST specialists will then ensure that all your paperwork and documentation is in order, so as to facilitate hassle-free GST enrollment.
- Our skilled legal team will then guide you through the GST registration process: https://reg.gst.gov.in/registration/ and complete the entire process on your behalf so that you can acquire your ARN and GSTIN as soon as possible.
- The Vakilsearch team will also help manage any difficulties in terms of compliance and physical verification that may occur during the registration process.
- Additionally, our professionals can even help you out post-registration by handling all of your return filings to keep you GST compliant.
GST Registration in Bangalore – FAQs
1. Is it necessary for me to have an Indian mobile number in order to register as a ‘Non-Resident Taxable Person’ in Bangalore on a temporary basis?
No, an Indian mobile number is not required to get a temporary registration as a Non-Resident Taxable Person in Bangalore, but you must have an approved signature who is an Indian citizen with a valid Indian mobile number.
2. Is it necessary for me to have a company located in Karnataka to obtain GST registration in Bangalore?
Yes, having a place of business in the state where you plan to get the registration is required before applying for GST registration.
