Don’t worry. We team AlgoBiz is here to help you to get a GST Number. Goods and services are now taxed under the single taxation called GST. According to Goods and service act 2017, any business that having a turnover of 40 Lakhs and above must register for GST. For north eastern and hill states, the turn over limit for GST registration is 10 Lakh. Registration procedure for GST is completely online and you have to submit some documents, fill some business-related information and file the application on the GST portal. After the filing of application, you will get a temporary reference number and the application will head to the authorities for verification. Once the authority verified the business details you are submitted you will be allotted and GST number/ GSTIN.
Launched on July 1 2017, the Goods & Services Tax (GST) applies to all Indian service providers (including freelancers), traders and manufacturers. A variety of Central taxes like Service Tax, Excise Duty, CST and state taxes like Entertainment Tax, Luxury Tax, Octroi, VAT are absorbed in one tax – GST, implemented on 01.07.2017. GST is to be charged at every step of the supply chain, with full set-off benefits available. The procedure for GST is entirely online and requires no manual intervention.