Online gst registration in maharashtra

¬† ¬† ¬† Maharashtra is the most industrialized state in India and has kept its leading position in the industrial sector in the country having creative industries, service sectors, and the Education and training sectors. The tax rates, rules and regulations are governed by the GST Council which consists of the finance ministers of the Central Government and all the states. The GST is meant to replace a slew of indirect taxes with a federated tax and is therefore expected to reshape the country’s 2.4 trillion dollar economy, but its implementation has received criticism.¬†Positive outcomes of the GST includes the travel time in interstate movement, which dropped by 20%, because of disbanding of interstate check posts.

What is Gst License?

     Goods and Services Tax (GST) is an indirect tax used in India on the supply of goods and services. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes. Multi-staged as it is, the GST is imposed at every step in the production process, but is meant to be refunded to all parties in the various stages of production other than the final consumer and as a destination-based tax, it is collected from point of consumption and not point of origin like previous taxes.

     Goods and services are divided into five different tax slabs for collection of tax Р0%, 5%, 12%, 18% and 28%. However, petroleum products ,alcoholic drinks and electricity are not taxed under GST and instead are taxed separately by the individual state maharashtra, as per the previous tax system.There is a special rate of 0.25% on rough precious and semi-precious stones and 3% on Gold ,In addition a cess of 22% or other rates on top of 28% GST applies on few items like aerated drinks, luxury cars and tobacco products. Pre-GST, the statutory tax rate for most goods was about 26.5%, Post-GST, most goods are expected to be in the 18% tax range.

Overview on GST registration in maharashtra

     We strongly believe that you have to believe it before you do it! Do you feel the same? Then what are you waiting for? Just Scroll down and get our exclusive offers to get your GST Registration in Maharashtra done! Maharashtra is in the western region of the country. It is the most industrialized state in India and has kept its leading position in the industrial sector in the country.

¬† ¬† ¬†Maharashtra is a pioneer in small scale industries. Maharashtra has had a long history in textiles with Mumbai being the original home of India’s textile mills. The state is also the leading state for many creative industries, service sectors, and the Education and training sectors.

     For every business, whether it is IT and ITes, electronics, engineering, pharmaceuticals, food and Agro-processing, service sectors, and the education and training sector, it is necessary to obtain a GST registration. If you are confused with the process of GST registration, simply rely on us, and get your business registered under GST in Maharashtra from one of the leading GST Registration Consultants in India. We provide comprehensive assistance on GST Registration and GST related services.

threshold limit for GST Registration

     The GST was launched on 1st July 2017, with certain rules and regulations, and a lot many changes have taken place since then. Due to a large number of amendments in the Act, there is still confusion in the mind of people as regards to threshold limit for registration under the Act.Maintaining the high compliances in the business will have a positive impression in the GST ecosystem that results in speedy credit of refund claims. In this article, an effort has been made to explain the requirement for registration under GST. GST is imposed at every step of the supply network, to set off all the available benefits. The procedure for GST is online and requires no physical medaling.

     Every product goes through multiple stages along with the supply network, which includes the purchase of raw materials, manufacturing, selling to the wholesaler and the retailer, and then the final sale to the consumer. Interestingly, Goods and Service Tax will be levied on all of these 3 stages-

1)purchase and manufacturing of raw materials.

2)selling the goods to the wholeseller and retailers.

3)FInal sale to the consumer for the consumption.

Who all are the people required to get registered under GST in Maharashtra?

     The following persons are required to get registered under GST in Maharashtra:-

    • Any business whose aggregate turnover in a financial year exceeds¬†Rs 20 lakhs (Rs 10 lakhs for¬†special category states in GST).

Note- This clause does not apply if the entity is only dealing in supply of goods/services which are exempt under GST

  • Every person who is registered under an earlier law of taxation (i.e., Excise, VAT, Service Tax, etc.)
  • Needs to¬†get register under Goods and Service Tax.
  • Any entity or supplier dealing in inter-state supply of goods.
  • Casual taxable person
  • Non-Resident taxable person
  • Agents of a supplier
  • Person paying tax under the reverse charge ¬†mechanism
  • Input service distributor and its agent
  • E-Commerce operator or aggregator*
  • A Person who supplies through E-commerce aggregator.
  • Entities who are providing online information, acquiring database, or retrieval services from a place located outside India to a person in India, other than a registered taxable person
  • ¬†mechanism
  • Input service distributor and its agent
  • E-Commerce operator or aggregator*
  • A Person who supplies through E-commerce aggregator.
  • Entities who are providing online information, acquiring database, or retrieval services from a place located outside India to a person in India, other than a registered taxable person.

Process of getting the GST Registration Certificate Online

  • Once the ARN is generated, you need to visit the GST common portal.
  • Consequently, you need to Login into your GST account, by entering the username and password created by you. Along with that, you need to enter the captcha correctly and select the login button subsequently.
  • Click on the ‚ÄúServices‚ÄĚ option and select ‚ÄúUser services‚ÄĚ from the drop-box, where you need to choose the ‚ÄúView/Download Certificates‚ÄĚ in the options displayed in the image.
  • The registration certificate will automatically start downloading when you will select the download option.
  • GST certificate shall be downloaded to the device and you can access the certificate.

Benefits of GST Registration in Maharashtra

      Registering GST, in Maharashtra offers many advantages, those are as follows:-

1)a  single uniform tax on goods and services across the country.

2)eliminates the  cascading effects on taxes.

3)small traders benefits from the composition scheme.

4)manages unorganised businesses.

5)entire registration on GST is online.