Gst Registration consultant chennai

GST Tax consultant in chennai, GST consultants in chennai

GST Tax Consultant Chennai, Income tax(IT) Return filing, GST Registration Chennai, GST Return Filing, Companies Annual Report Forms e filing, Tax return filing, Company formation in Chennai, Company Incorporation in Chennai, GST Registration, Project Report

GST Business licenses are permits issued by government agencies that allow individuals or companies to conduct business within the government's geographical jurisdiction. It is the authorization to start a business issued by the local government. The business activity determines most license requirements. Other determining factors may include the number of employees, location of business and the form of business ownership, such as sole proprietor or corporation.

Business licenses are not limited to new business owners. Companies already established need to file renewal applications after a certain period of time. Many businesses often require more than one license and permit to legally operate, a process that can be expensive, time-consuming, and frustrating to deal with. Although it may seem like a tedious process, it is important a business owner abide by the law and obtain the necessary certification to operate their business. Going forth with operations without the security of legal documentation is considered illegal, and it puts the business owner at risk for permanent closure, heavy penalties and interest, etc., if they are found in non-compliance. For detailed description of each license click on the name of the License below.

GST New Registration

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What is GST?

GST is a multi-point tax on value addition which is collected at different stages of sale with a provision for set-off for tax paid at the previous stage/tax paid on inputs. This is applicable to intra-state sales.

A Brief Introduction: What is GST?

Goods and Service Tax Law or GST in India is one indirect tax levied on the goods and services right from manufacturer to the final stage in the cycle – consumer. It has replaced various taxes with different rates at multiple points, which include: service, luxury, Gst, sales and entertainment tax to name a few, in order to make compliance easy.

Types of GST

It is a consumption oriented tax wherein the goods are consumed and not oriented towards manufacturing in which goods are manufactured. This nation wide reform cannot function efficiently without implementing strict rules to it. The council has made a fool proof road map for the citizens to abide by the law by dividing it into three different categories.


The GST levied by the state is called the State GST (SGST). It is levied on the intra-state movement of goods and services. As it is a state tax, the revenue processed is collected by the respective State Government.

SGST is levied on:

• State Gst
• Luxury
• Octroi
• Central Sales Tax
• Entry
• Entertainment/ Amusement/ Advertisements
• Taxes on Betting/Gambling/ Lotteries


CGST stands for Central GST, wherein the revenue on the movement of goods and services is collected by the Center.

CGST includes:

• Service Tax
• Central Excise Duty
• Additional Duties of Customs or CVD
• Special Additional Duties on Customs or SAD


Integrated GST or IGST is a reform levied on inter-state movement of goods and services. The revenue is collected by the Center. The main purpose of introducing IGST is to ensure continuous flow of input tax credit (ITC) from one state to another.

GST Registration Online

Registration is crucial to be GST compliant. Though the reform has been actively initiated already since July 1, 2017 throughout the country, you can still register if undone. The application of registration has to be submitted within 30 days from the date on which the person becomes accountable to registration.


• Credibility – Vendors will be more likely to deal with registered entities
• Input Tax Credit – Eligibility to avail credit
• Inter-State Freedom – Make inter-state sales without many restrictions, opening up the market for SME’s
• Improve your GST rating – The rating is based on your compliance standing. Vendors and Clients can check GST rating

Not getting registered/Non-compliance shall lead to loss of Input tax credit, increasing the cost of your commodity or service. Your business associates and customers can withdraw their accounts in order to maintain clean invoicing/billing. Government audits may surface. With an online system, the government can seamlessly monitor data.

Goods and Services Taxes (GST), is an Indirect tax, applicable on sale of Goods and Services. Multiple taxes like Gst, Service Tax, etc are subsumed into GST. Every entity whose taxable supply of Goods or Services or both exceeds the threshold limit has to be registered for GSTIN.

GST Registration in chennai

1. Send an email to info@mkaudit.com or call @ +91 75500 85215 to get started your GST Registration.
2. Steps in Final GSTIN

• TRN: Once the new user has registered in gst.gov.in , the entity will get a TRN (Temporary Reference Number) .
• ARN: the entity will get the ARN (Application Reference Number), after successful submission of GST Registration Application.
• GSTIN: After submitting the form, government will issue GSTIN number after due verification of the information with the respective state, Gst authorities.
3. After payment with EZGST.in, you will be receiving TRN, and ARN, generally with in 48 hours.

Documents required for GST Registration

1. PAN Card.
2. Aadhaar card where ever possible.
3. Digital Signature in case of companies and LLP.
4. Valid mobile number and Email ID.
5. Photograph of Proprietor, partners, authorized signatories.
6. Registration Certificate obtained under earlier Tax laws.
7. Proof of appointment of authorized signatory and their personal details.
8. Proof of principal place of business.
9. Opening page of Bank statement held in name of Business or Proprietor.

Registration requirement under GST

Section 22 of the CGST/ SGST Act 2017, every supplier (including his agent) who makes a taxable supply i.e. supply of goods and/or services which are liable to tax under GST, and his aggregate turnover* in a financial year exceeds the threshold limit of twenty lakh rupees, shall be liable to register himself within 30 days in the State or the Union territory from where he makes the taxable supply.

In case of eleven special category states {as mentioned in Art. 279A (4) (g) of the Constitution of India}, this threshold limit for registration liability is ten lakh rupees.

Besides, Section 24 of the Act mentions certain categories of suppliers, who shall be liable to take registration even if their aggregate turnover is below the said threshold limit of 20 lakh rupees.On the other hand, as per Section 23 of the Act, an agriculturist in respect of supply of his agricultural produce; as also any person exclusively making supply of non-taxable or wholly exempted goods and/or services under GST law will not be liable for registration.

* Aggregate Turnover:

Aggregate turnover shall include the aggregate value of all taxable supplies, exempt supplies and exports of goods and/or services and exclude taxes viz. GST.] Aggregate turnover shall be computed on all India basis. For NE States and special category states, {Arunachal Pradesh, Assam, Jammu & Kashmir, Meghalaya, Manipur, Uttarakhand, Himachal Pradesh, Sikkim, Tripura, Mizoram, and Nagaland} the exemption threshold shall be [Rs. 10 lakhs]. All taxpayers eligible for threshold exemption will have the option of paying tax with input tax credit (ITC) benefits. Tax payers making inter-State supplies or paying tax on reverse charge basis shall not be eligible for threshold exemption.

Cases where Registration is mandatory

• Every person who is registered under any of the laws that are subsumed into GST, on the day immediately preceding the appointed day - Shall be liable to register w.e.f the appointed day.
• Persons making any inter-State taxable supply.
• Casual taxable persons * making taxable supplies; They should register themselves at least 5 days prior to commencement of business.
• Persons who are required to pay tax under reverse charge.
• Non-resident taxable persons** making taxable supply; They should register themselves at least 5 days prior to commencement of business.
• An electronic commerce operator for whom the provision of section 9(5) of GST Act apply.
• Persons who are required to deduct tax under section 51.
• Every electronic commerce operator.
• Persons who supply goods or services or both on behalf of other taxable persons whether as an agent or otherwise.
• Input service distributor.
• Persons who supply goods or services or both, other than supplies specified under sub-section (5) of section 9, through such electronic commerce operator who is required to collect tax at source under section 52.
• Every person supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered person.
• Such other person or class of persons as may be notified by the Government on the recommendations of the Council.

* Casual Taxable Person: Casual Taxable Person has been defined in Section 2 (20) of GST Law. It means a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance of business, whether as principal, agent or in any other capacity, in a State or a Union territory where he has no fixed place of business.

** Non-resident Taxable Person :means any person who occasionally undertakes transactions involving supply of goods or services or both, whether as principal or agent or in any other capacity, but who has no fixed place of business or residence in India in terms of Section 2 (77).

GST Composition Scheme

• Small tax payers with an aggregate turnover in a financial year up to Rs.100 lakhs shall be eligible for composition scheme.
• The Composition scheme is optional but if opted will be applicable for all business verticals.
• The taxpayer shall pay tax as a percentage of his turnover during the year without availing the benefit of input tax credit & he cannot pass the benefit of Input tax credit to the buyer while making sale.
• Any person opting for composition levy shall not issue any tax invoices and shall not collect any tax from his customers.
• Tax payers making interstate supplies for paying tax on reverse charge basis shall not be eligible for composition scheme.

Registration Procedure of GST:

1. GST REG-01 (Part A): Applicant requires to submit his PAN number, Mobile number, Email Id for verification at GST portal. Pan will be verified in GST portal, mobile and email id will be verified by OTP. After successful validation application reference number (ARN) number will be generated.
2. GST REG-01 (Part B): Applicant needs to fill the form B & mention the ARN number generated earlier here and attach the relevant documents and can submit it.
3. GST REG-02: Will be issued as acknowledgement after successful submission of part B form GST REG-01.
4. GST REG-03: With in the 3 days of submission of form REG-01 Part B if the details are found incomplete or if any additional information is required by the officer then a Notice seeking the information will be issued in form GST REG-03.
5. GST REG-04: Within 7 days of receipt of notice in form GST REG-03 the person needs to reply stating all the details asked in form GST REG-04.
6. GST REG-05: If the additional details mentioned in form GST REG-04 are not found satisfactory then rejection of registration application will be issued in form GST REG-05.
7. GST REG-06: If all the details provided via forms GST REG-01 Part B & form GST REG-04 are found satisfactory then certificate of Registration will be issued in form GST REG-06.
8. GST REG-09: For registration of non-resident taxable person. (Registration will be valid for a maximum period of 90 days). GST Registration in Chennai, GST Return Filing in chennai

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