GST is a type of tax system which is levied on goods and services in India. This system of tax can replace various indirect taxes like VAT, service tax, etc. GST registration in Bangalore is mandatory for all those businesses and organisations that have an annual turnover which exceeds a particular limit.
Here’s everything you need to know:
According to the Goods and Services Tax Act, 2017, any business with a turnover of Rs. 40 lakhs and above must register for GST. For north-eastern and hill states, the turnover threshold for GST registration is Rs. 10 lakhs. Voluntary registration is possible
If you are a Private Limited Company
If you are a LLP
If you are a Individual/Proprietor
Bizpole has a team of experts who are knowledgeable about the GST registration process and can provide guidance to individuals and businesses. We will make sure that all GST registration requirements are met and that individuals and businesses are compliant with GST regulations. We are also a one-stop shop for all your taxation needs.
Registration for GST (Goods and Services Tax) in Bangalore is free of cost.
As per the GST Act, any business with an annual turnover of more than Rs. 40 lakhs (Rs. 10 lakhs for some special category states) must obtain GST registration.
No, it is unnecessary to have a company located in Karnataka to obtain GST registration in Bangalore.
Once registered, a GST registration is valid until it is surrendered, canceled, or suspended. However, businesses are required to renew their GST registration every 5 years by filing the GST Renewal Application.
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