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This document provides a detailed overview of the Goods and Services Tax (GST) registration process in Bangalore, India. It is designed to help businesses, entrepreneurs, and professionals understand the requirements, benefits, and steps involved in obtaining GST registration.<br>https://www.chhotacfo.com/blog/gst-registration-in-bangalore/
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GST Registration in Bangalore A Complete Guide for Businesses WWW.CHHOTACFO.COM
Table of contents What is GST? 01 Who Needs GST Registration? 02 03 Benefits of GST Registration Documents Required 04 05 Step-by-Step Registration Process 06 Penalties for Non-Compliance 07 Why Choose Professional Help? 08 Contact Us WWW.CHHOTACFO.COM
What is GST? DEFINITION: Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India. OBJECTIVE: To create a unified tax system across India. GST REGISTRATION: Mandatory for businesses exceeding ₹40 lakh turnover (₹20 lakh for special category states). WWW.CHHOTACFO.COM PAGE 01
Who Needs GST Registration? Businesses with turnover exceeding ₹40 lakh (₹20 lakh in special states). E-commerce operators and aggregators. Inter-state suppliers. Casual/non-resident taxable persons. Input service distributors and TDS deductors. WWW.CHHOTACFO.COM PAGE 02
Benefits ofGST Registration Legal recognition as a supplier Collect GST from customers Input Tax Credit (ITC): Reduce tax liability Avoid penalties and enhance credibility WWW.CHHOTACFO.COM PAGE 03
Documents Required PAN card of business/individual. Aadhaar card of applicant. Proof of business registration (e.g., Incorporation Certificate). Address proof of business premises. Bank account details (cancelled cheque/statement). Digital signature (for companies/LLPs). WWW.CHHOTACFO.COM PAGE 04
Step-by-Step Registration Process Visit GST Portal: www.gst.gov.in Fill Form GST REG-01 (Part A): Provide basic details Verify via OTP: Email and mobile verification Complete Part B: Upload required documents Submit Application: Note ARN (Application Reference Number) Track Status: Use ARN on the GST portal Receive GSTIN: Issued upon approval WWW.CHHOTACFO.COM PAGE 05
Penalties for Non-Compliance Late Fees: ₹100/day (₹50 CGST + ₹50 SGST). Maximum Late Fee: ₹5,000. Non-Registration Penalty: 10% of tax due or ₹10,000 (whichever is higher). Always store your property taxes, maintenance bills, insurance, permits. WWW.CHHOTACFO.COM PAGE 06
Why Choose Professional Help? Error-free registration Timely document submission Saves time and effort Post-registration compliance support WWW.CHHOTACFO.COM PAGE 07
Contact Us Website: www.chhotacfo.com Email: mgmt@chhotacfo.com Phone: +91-97397 36999 Blog Link: GST Registration in Bangalore WWW.CHHOTACFO.COM PAGE 08