GST registration in Bangalore
GST is a transparent Tax and also reduce numbers of indirect taxes. With GST implemented a business premises can show the tax applied in the sales invoice. Customer will know exactly how much tax they are paying on the product they bought or services they consumed.
GST council sets exemption threshold for tax at Rs.20 lakh.The Goods & Services Tax (GST) Council has decided that businesses in the Northeastern and hill states with annual turnover below Rs.10 lakh would be out of the GST net, while the threshold for the exemption in the rest of India
Purchase from Unregistered Persons:-In cases of supply by an unregistered supplier to a registered person, GST shall be paid by the recipient under Reverse Charge Mechanism . A registered taxable person who is liable to pay tax on reverse charge should issue a Tax Invoice on making any inward supply of goods or services from unregistered person.
Looking for GST registration or looking for GST return filing help ? Call us @09902977233 or email firstname.lastname@example.org or visit www.gstinbangalore.com