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GST Registration in Bangalore – A Comprehensive Guide

This PowerPoint presentation 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><br>

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GST Registration in Bangalore – A Comprehensive Guide

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  1. GST REGISTRATION IN BANGALORE A COMPREHENSIVE GUIDE Get Started www.chhotacfo.com 01

  2. Introduction to GST • What is GST? 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: Learn More Mandatory for businesses exceeding the turnover threshold. www.chhotacfo.com 02

  3. Who Needs GST Registration? • Businesses with turnover exceeding ₹40 lakh (₹20 lakh for special category states). • E-commerce operators and aggregators. • Inter-state suppliers of goods and services. • Casual taxable persons and non-resident taxable persons. • Input service distributors and TDS deductors. www.chhotacfo.com 03

  4. Benefits of GST Registration • Legal recognition as a supplier of goods/services. • Eligibility to collect GST from customers. • Input Tax Credit (ITC) availability. • Compliance with the law, avoiding penalties. • Enhanced business credibility. www.chhotacfo.com 04

  5. Documents Required for GST Registration • PAN card of the business/individual. • Aadhaar card of the applicant. • Proof of business registration (Incorporation Certificate, Partnership Deed, etc.). • Address proof of the business place. • Bank account details (cancelled cheque or statement). • Digital signature (for companies and LLPs). www.chhotacfo.com 05

  6. Steps for GST Registration in Bangalore • Visit the GST portal (www.gst.gov.in). • Fill Part-A of the GST REG-01 form. • Verify details via OTP on email and mobile. • Fill Part-B of the form and upload required documents. • Submit the application and note the ARN (Application Reference Number). • Track the application status using ARN. • Receive GSTIN upon approval. First Month Second Month 35% 55% www.chhotacfo.com 06

  7. Penalties for Non-Compliance • Late fees: ₹100 per day (₹50 CGST + ₹50 SGST). • Maximum late fee: ₹5,000. • Penalty for non-registration: 10% of tax due or ₹10,000 (whichever is higher). www.chhotacfo.com 07

  8. Why Choose Professional Help? • Expert guidance for error-free registration. • Timely submission of documents and forms. • Assistance with compliance post-registration. • Saves time and effort. www.chhotacfo.com 08

  9. THANK YOU! For more information, visit Website: https://www.chhotacfo.com/blog/gst-registration-in-bangalore/ Email: mgmt@chhotacfo.com Phone: +91-97397 36999 www.chhotacfo.com 09

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