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Mistakes to Avoid During GST Registration Online

For GST Registration online, every business or company must have an annual turnover of more than Rs.40 lakh. In the GST registration online you just have to give details to our expert team. They will ask for documents wherein differs on the basis of LLP, OPC & partnership, etc. The online submission of all the documents and after that in 5-6 days 9subject to governments approval) you will get a GST number. One can get an input tax credit and collect GST from recipients of goods & services.

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Mistakes to Avoid During GST Registration Online

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  1. Mistakes to Avoid During GST Registration Online Get Online GST Registration with Experts of Legal Pillers

  2. GST Registration Online • GST Registration Online India is very crucial for the businesses. With new GST Registration, businesses can make sure about the smooth operations and compliance with tax laws. But it can be complex specifically for the new businesses. They may make mistakes in GST Registration Process that will lead to delays, penalties, or operational issues. Here, we will tell you about such mistakes that you should avoid during online GST Registration.

  3. Benefits of GST Registration • Simple & least compliances • Reduce the burden of tax • Beneficial for e-commerce business • Heightening the economy

  4. Who is Eligible for GST Registration? • Individuals enrolled under Pre-GST law i.e. Excise, VAT, Service Tax, etc. • Businesses with an annual turnover of more than 40 Lakhs while the limit is 20 Lakhs or 10 Lakhs for some state special category. • Casual taxable person and Non-Resident Taxable person (NRIs) • Agents of suppliers or Input Service Distributor (ISD) • Vegetable Oil Processing Units as well as Production Units • People paying taxes under the Reverse Charge Mechanism • People who supply via e-commerce aggregator • Person supplying online date & database access from a place outside India to a person in India. • All the e-commerce portals & sellers  • Inter-state supplier of goods i.e. if you are a supplier of goods & services in more than one state.

  5. Common Mistakes to Avoid During GST Registration Online India • Incorrect Business Details: One of the most common mistakes is to provide the wrong business details during GST Registration online including name, address, or PAN of the business. Make sure details will match with that on official documents. • Wrong Business Structure: One of the most common mistakes is to provide the wrong business details during GST Registration online including name, address, or PAN of the business. Make sure details will match with that on official documents. • Invalid or Incomplete Documentation: Most of the time people will not read the documents need carefully and may submit the invalid or incomplete documents during GST Registration online India. It will lead to the delays or penalties. You need to submit all the latest documents.

  6. Incorrect PAN Details: It is crucial to fill the precise PAN details during new GST Registration. Incorrect PAN details or any mismatch may result in the hefty penalties. • Ignoring Additional Places of Business: If your business has several branches, you need to fill the information about all the branches precisely during Online GST Registration. • Errors in Bank Details: Sometimes there can be a mismatch in the bank details. So, you need to make sure that you should mention all the details including bank account number, IFSC Code and other related details accurately. • Incorrect Principal Place of Business: The principal place of the business is the primary location where business activities are conducted and all the books & records of the company have kept. You should make sure that its details should be mentioned accurately. GST Authorities may visit the place for verification.

  7. Incorrect Details of Partners or Directors: The most common mistake is incorrect personal details including name & address of partners or directors. You need to verify them properly before submission. • Ignoring State-specific Rules: Although GST is a national tax but you need to follow the state-specific regulations. You need to choose the correct state jurisdiction which will be on the basis of location of primary place of your business. • Fail to Update Information: In case if there is a change in business address, addition or removal of directors, or change in business structure, businesses usually fail to update the information. It may result in penalties.

  8. Final Words • GST Registration Online India is a crucial step for businesses. To make the GST Registration Process smoother, you should avoid the common mistakes mentioned above. If you will be careful about these pitfalls you can make sure about compliance ad focus on growing your business. You can also seek the assistance of professionals like Legal Pillers.

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