Corpstore provides you greater services for GST registration in Madurai and Karur. The registration process usually takes between 10-15 working days. We will help you to register for GST in 3 easy steps. GST stands for Goods and services tax and it is a destination based tax on consumption of goods and services. By abolishing multiple taxes into a single system, tax complexities would be reduced while tax base increases substantially. Under the new GST regime, all business entities who are involved in buying or selling goods or providing services or both are required to obtain for GST.
This tax system came into effect from July 1, 2017 through the implementation of One Hundred and First Amendment of Constitution of India by the India Government. The taxes are replaced with existing multiple central and state government taxes. Entities without GST registration will not be allowed to collect GST from a customer or claim an input tax credit of GST paid and it could be punishable one. Further, registration under GST is mandatory once an entity crosses the minimum turnover of starting a new business that is expected to cross the prescribed turnover.
Corpstore offers hassle-free Income tax e-filing for our clients in Madurai and Karur. Income e-Filing is filed by all types of taxpayers in India to file their income tax returns. Salaried individuals can easily file ITR-1 returns, ITR-2 return and ITR-4 return through the income tax e-filing website itself.
Any person having a taxable income of more than Rs.2.5 lakhs must be aware of the procedures for using the income tax e-filing website and have an account. There are two tax divisions namely direct tax and indirect tax. Indirect tax is charged mainly from trade relating goods and services. From proprietorship to limited companies or liability companies and Society/Trust registration all are enclosed with various income tax rates. Timely registration process will save your reputation and avoid penalties punishments from law suits.
Just share your bank statement and all cash transaction details and we will create the financial statements. In two working days, you will get your ITR filed.
As per the changes made in the 32nd council meeting, the threshold limit for GST registration is 40 lakhs for the supplier of goods and 20 lakhs for the supplier of services. Along with that, the North-Eastern States have an option to choose between 20 lakhs and 40 lakhs. The initial stage GST registration should be done with the help of experts and here at Solubilis, you will be able to get done with your GST registration with a simple and quick process.
GSTIN is a unique identification number given to each GST taxpayer. To verify a GSTIN number a person who has a GST number can log onto the GST portal.
The advantages of filing for IT returns are:
Loans: Bank loans like education loans, vehicle loans, personal loans, can be availed easily as they require last three year’s IT returns.
Visa: As Immigration centres examines many documents and IT returns proofs is a mandatory document for visa applicants.
Avoid penalties: Bulk amounts would be charged for non-filing of income tax returns and hence it is always better to file it to avoid legal consequences.