PSD FILINGS

Easy GST with PSD Filings

Easy Application Process: Apply for GST Registration Online in India effortlessly with PSD Filings.
Mandatory for Eligible Entities: As per GST legal requirements, businesses or entities with an annual turnover exceeding Rs 40 lakhs must undergo the GST registration process.
Establish as a Taxable Entity: The GST registration establishes the business as a separate taxable provision within India, aligning it with legal obligations.
Ensuring Compliance: GST registration is crucial within the GST jurisdiction to ensure compliance with the legal framework.
Streamlined Registration with PSD Filings: PSD Filings simplifies the GST registration process, providing a smooth online experience typically completed in 2-6 working days.
Significance of the Procedure: The procedure holds significance as it aligns businesses with the legal framework, enabling them to operate within the GST system and fulfill tax obligations.
Effortless and Quick Experience: Embrace the ease and convenience of GST registration with PSD Filings, paving the way for a compliant journey in the Indian tax landscape.

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GST Online Registration Overview

GST, a comprehensive tax in India, applies to all products and services. Enacted on March 29, 2017, it replaced previous taxes. PSD Filings simplifies GST registration, ensuring compliance and legal benefits for businesses

What is GSTIN :
Entities receive a 15-letter alphanumeric GSTIN, incorporating the State Code and PAN. The first two digits represent the State Code, and the subsequent 10 digits signify PAN

Eligibility :
Individuals under Pre-GST laws and businesses exceeding Rs. 40 Lakh (varies for region). Non-resident taxable persons, Input Service Distributors, Agents, and Reverse Charge payers qualify

Why GST ?
GST streamlines taxation, unifying various levies into a single system. It promotes transparency, eliminates cascading taxes, and fosters a robust economy by simplifying compliance for businesses and taxpayers

Penalty :
Failure to register under GST due to genuine errors may result in a penalty, minimum Rs. 10,000 or 10% of tax amount. Intentional non-compliance incurs a 100% penalty

Types of GST Tax Payers

India offers diverse GST registrations for specific business scenarios, including regular, casual, non-resident, and eCommerce operators. Beyond turnover, certain taxpayers like casual, non-resident, and eCommerce owners must register, ensuring inclusivity.

Casual Taxable Person

According to GST this person, sporadically offers products or services in a State or Union territory without a permanent place of business, encompassing individuals in transient businesses.

Non-Resident Taxable Persons

A non-resident taxable person (NRI) in GST includes individuals or entities delivering goods or services to India without a permanent establishment. They must comply with Indian GST regulations.

E-Commerce Operators

E-commerce operators, managing digital platforms for online trade, must register for GST regardless of revenue. This ensures compliance with India's applicable regulations for online sales.

Regular Taxpayers

Businesses with a turnover exceeding the prescribed limit are required to register for GST. They deal with intra-state or inter-state transactions and are subject to both CGST and SGST/UTGST or IGST.