By registering your business for GST, you will ensure that tax compliance is followed and a lot of tax money will be collected by the government. This money will help the government implement necessary schemes in order to benefit the people as much as possible.
A major objective of GST is to cut down on the number of indirect taxes that are levied on businesses. The legal experts will assist you in registering for GST in Haryana. Please see the following details for a brief explanation on how to register for GST in Haryana.
Benefits of GST Registration in Haryana
A GST registration can have many benefits for both the entrepreneur and the government. Here are some of the benefits you could receive as a result of registering for GST.
- India’s logistics costs have been significantly reduced by GST
- A single national market is facilitated by GST, since it assesses the cost of final consumption at the time of final consumption, which eliminates economic distortions.
- Businesses are able to reduce hidden costs thanks to GST
- Indian industries that are unorganized and unregulated are regulated by it
- Increased Make in India initiatives are a result of it
- It is possible to administer taxes in a corrupt-free manner through GST
- Small businesses benefit from the composition scheme since GST is calculated according to a fixed turnover.
Procedure for Gst Registration in Haryana
Step 1: Click ‘New Registration’ on the GST portal
Step 2: Enter the needed information such as business name, state, and PAN card information
Step 3: Click Proceed after entering the OTP
Step 4: Write down the Temporary Reference Number.
Step 5: Select “Register” from the Taxpayers menu on the GST portal
Step 6: Fill out the TRN and continue
Step 7: Access your account by entering the OTP you received on your mobile phone or in your email
Step 8: On the next page, you’ll find your application’s status
Step 9: Prepare the documents and fill out the required details
Step 10: If all three methods are used to verify your application, submit it
Step 11: Your mobile number and email address will be contacted once the application is complete with an Application Reference Number (ARN).
Step 12: Visit the GST portal to see the ARN’s status.
GST Registration Limit in Haryana
Generally, it is necessary to register with the GST in Haryana if your company has a turnover of over 40 lakhs. However, some states in the Northeast have certain exceptions. For states like Assam, Arunachal Pradesh, Himachal Pradesh, Uttarakhand, Manipur, Mizoram, Sikkim, Meghalaya, Nagaland, or Tripura, the turnover of the business must be over 20 lakhs in order to be registered with the GST.
Those providers of services whose turnover exceeds 20 lakhs in a year, or those who are an entity which has a turnover exceeding 40 lakhs in a year, are required to register for GST in Haryana.
Getting GST Registered in Haryana: Documents You Need
For the purpose of GST registration in Haryana, you are required to provide the following documents. However, the documents that are required for GST registration in Haryana differ depending on the type of business. To find out which category you fall under, please refer to the details provided below.
People and sole proprietors GST Registration Documents
- The PAN card of the owner
- Aadhaar card of the owner
- Photograph of the owner
- Address proof
- Details of your bank account.
Partnerships and Limited Liability Partnerships GST Registration Documents
- Incorporation documents for partnerships
- Partners’ PAN cards
- Partners’ photographs
- Identify the partners involved and provide proof
- All authorized signatories must have an Aadhaar card
- A copy of the appointment proof of the signatory
- Registration proof for an LLP
- Details of your bank account
- Proof of the primary address of the business.
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