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Introduction

On 1st July 2017, the Government of India introduced the concept of Goods and Services Tax (GST). It is implemented in all business activities performed in India. GST is the largest indirect tax reform in India since its independence. GST is a PAN-India single unified tax imposed on goods and as well as services, levied only on ‘value-added’ to goods and services at each stage in the economic supply chain.GST has not only changed the tax pattern in India but is expected to impact hugely on each facet of business operations conducted in the country such as supply chain optimization, pricing of products and services, IT, accounting, and tax compliance systems. GST will have its effect on tax structure, tax incidence, tax computation, tax payment, compliance, credit utilization, and reporting, moving towards a complete overhaul of the current indirect tax system.

Our Startup India has been intimately involved in providing GST Advisory Services. We work with business units and help them out in drafting policies that will have a positive impact on their operations. We provide a host of GST advisory services such as covering the impact of GST on the business of clients, examining different market scenarios of business models, legislative business level implementation assistance, transition management, and undertaking key compliance. 

Advantages of GST

Exemption to New Traders

GST increases the exemption limit for small traders or service providers. Earlier if a new business/traders have crossed the turnover limit of 5 lakhs, then they were required to get the registration under the VAT Act. However, under GST, the said limit was extended to Rs. 10lakhs which is very beneficial for start-ups or small business traders.

Legally recognized as Supplier

With compulsory or voluntary registration under GST, the supplier can now collect the taxes legally. With the said registration, the registrant or the supplier can also issue the original invoice to the consumers. 

Lesser Tax Compliance

The introduction of GST has reduced tax compliances as the number of tax returns filed under GST is lower than the previous indirect tax regime.

Simple Tax Payment Process

A private limited company’s limited liability structure enables shareholders to walk away with their assets unscathed should an unfortunate event occur. This is perhaps one of the foremost reasons people choose to register a private limited company in India.

Other Services

Trademark Registration

Rs.5,999/-

Brand Copyright

Rs.3,999/-

FSSAI Registration

Rs.3,999/-

FSSAI License

Rs.6,999/-

Business Plan

Rs.39,999/-

Financial Projection

Rs.29,999/-

GST Registration

Rs.1,999/-

ISO Registration

Rs.7,999/-

Terms and Conditions

Rs.8,999/-

GST Consultancy Process flow

1-2 HOURS
2-3 WORKING DAYS
3-4 WORKING DAYS
7-8 WORKING DAYS

Select Package

At Ourstartup India, we offer a range of packages to suit your needs. Start by selecting the appropriate one, fill out the required forms, or simply speak to our experts online for assistance.

Select Service

We provide different services related to GST such as GST Registration, etc. Select the service based on your interest. 

Acquire Process Initiation Information

Ourstartup India will collect all the documents and information required for the initiation of GST registration and start the process. 

Share the Acknowledgment

We will share the acknowledgment once the process is successfully completed.

Pre-Requisites for GST Registration

Pre-requisites
  • Rent Agreement
  • Property Tax Receipt
  • Electricity Bill
  • NOC
  • Director’s PAN Card
  • Director’s AADHAAR Card
  • Passport size photographs
  • Blank Cancelled Cheque
  • Bank Statement

Simple & Transparent Pricing

Basic Package

Save upto-10% cost on this package

7,999

(inclusive All)
  • Name Search Report
  • Name approval in RUN (Reserve Your Unique Name)
  • DSC(2no) (Extra Dsc Per Director – Rs-1000)
  • Filing Spice Form
  • Issue of Incorporation certificate along with PAN & TAN
  • Include Government Fees & Stamp Duty for Authorized Capital Upto -1 Lakh except for the state of Punjab, MP and Kerala.
  • Msme Registration
  • Share Certificate (Soft Copy)

Growth Package

Save upto-20% cost on this package

9,999

(inclusive All)
  • Name Search Report
  • Name approval in RUN (Reserve Your Unique Name)
  • DSC(2no) (Extra Dsc Per Director – Rs-1000)
  • Filing Spice Form
  • Issue of Incorporation certificate along with PAN & TAN
  • Include Government Fees & Stamp Duty for Authorized Capital Upto -1 Lakh except for the state of Punjab, MP and Kerala.
  • Msme Registration
  • Share Certificate (Soft Copy)
  • GST Registration
  • Stamp and Company Seal
  • Bank – Current Account Opening
  • 10% Discount on Future Service

Premium

Save upto-30% cost on this package

16,999

(inclusive All)
  • Name Search Report
  • Name approval in RUN (Reserve Your Unique Name)
  • DSC(2no) (Extra Dsc Per Director – Rs-1000)
  • Filing Spice Form
  • Issue of Incorporation certificate along with PAN & TAN
  • Include Government Fees & Stamp Duty for Authorized Capital Upto -1 Lakh except for the state of Punjab, MP and Kerala.
  • Msme Registration
  • Share Certificate (Soft Copy)
  • GST Registration
  • Trademark Registration
  • 1month free GST filing
  • NDA
  • Guideline for Startup India Registration.
  • Stamp and Company Seal
  • Bank – Current Account Opening
  • 10% Discount on Future Service

FAQ's

GST is one indirect tax for the whole nation, which will make India one unified common market.
GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage. The final consumer will thus bear only the GST charged by the last dealer in the supply chain, with set-off benefits at all the previous stages.
At the Central level, the following taxes are being subsumed: a. Central Excise Duty, b. Additional Excise Duty, c. Service Tax, d. Additional Customs Duty is commonly known as Countervailing Duty, and e. Special Additional Duty of Customs. At the State level, the following taxes are being subsumed: a. Subsuming of State Value Added Tax/Sales Tax, b. Entertainment Tax (other than the tax levied by the local bodies), Central Sales Tax (levied by the Centre and collected by the States), c. Octroi and Entry tax, d. Purchase Tax, e. Luxury tax, and f. Taxes on lottery, betting, and gambling.
Alcohol for human consumption, Petroleum Products viz. petroleum crude, motor spirit (petrol), high-speed diesel, natural gas and aviation turbine fuel& Electricity.
Tobacco and tobacco products would be subject to GST. In addition, the Centre would have the power to levy Central Excise duty on these products.
India is a federal country where both the Centre and the States have been assigned the powers to levy and collect taxes through appropriate legislation. Both the levels of Government have distinct responsibilities to perform according to the division of powers prescribed in the Constitution for which they need to raise resources. A dual GST will, therefore, be in keeping with the Constitutional requirement of fiscal federalism.
The Centre will levy and administer CGST & IGST while respective states will levy and administer SGST.
Under the GST regime, an Integrated GST (IGST) would be levied and collected by the Centre on inter-State supply of goods and services. Under Article 269A of the Constitution, the GST on supplies in the course of interstate trade or commerce shall be levied and collected by the Government of India and such tax shall be apportioned between the Union and the States in the manner as may be provided by Parliament by law on the recommendations of the Goods and Services Tax Council.
The CGST and SGST would be levied at rates to be jointly decided by the Centre and States. The rates would be notified of the recommendations of the GST Council.
Imports of Goods and Services will be treated as inter-state supplies and IGST will be levied on import of goods and services into the country. The incidence of tax will follow the destination principle and the tax revenue in the case of SGST will accrue to the State where the imported goods and services are consumed. Full and complete set-off 14 15 will be available on the GST paid on import on goods and services.
GSTN stands for Goods and Service Tax Network (GSTN). A Special Purpose Vehicle called the GSTN has been set up to cater to the needs of GST. The GSTN shall provide a shared IT infrastructure and services to Central 14 15 and State Governments, taxpayers, and other stakeholders for the implementation of GST. The functions of the GSTN would, inter alia, include: (i) Facilitating registration; (ii) Forwarding the returns to Central and State authorities; (iii) Computation and settlement of IGST; (iv) Matching of tax payment details with banking network; (v) Providing various MIS reports to the Central and the State Governments based on the taxpayer return information; (vi) Providing analysis of taxpayers’ profile; and (vii) Running the matching engine for matching, reversal and reclaim of an input tax credit. The GSTN is developing a common GST portal and applications for registration, payment, return, and MIS/ reports. The GSTN would also be integrating the common GST portal with the existing tax administration IT systems and would be building interfaces for taxpayers. Further, the GSTN is developing back-end modules like assessment, audit, refund, appeal, etc. for 19 States and UTs (Model II States). The CBEC and Model I States (15 States) are themselves developing their GST back-end systems. The integration of the GST front-end system with back-end systems will have to be completed and tested well in advance for making the transition smooth.
The Supply of goods and/or services is a taxable event. CGST & SGST will be levied on intra-state supplies while IGST will be levied on inter-state supplies. The charging section is section 7 (1) of the CGST/SGST Act and Section 4(1) of the IGST Act.
No, reverse charge applies to supplies of both goods and services.
The receiver of goods will not be able to get ITC. Further, the recipients who are registered under composition schemes would be liable to pay tax under reverse charge.
No, a taxable person under the composition scheme is not eligible to claim an input tax credit.
No, the composition scheme is applicable subject to the condition that the taxable person does not affect interstate supplies.
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