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Chennai is the capital of Tamil Nadu and is emerging as successful in automobile startups. Entrepreneurs are being attracted to this city and they are making it the best place for business startups. Before, starting a business, one must obtain a GST registration in Chennai.
The article talks about an overview of GST registration in Chennai.
Table of Contents
India has a Dual GST Model that regulates the imposition and collection of GST by central & state governments. Both the Central and State government have the power to levy & collect taxes by their legislations.
The basic components required for GST registration in Chennai are:
Central GST or CGST is imposed on the intrastate supplies of goods & services by the Central Government. Intrastate supply means the supply of goods & services is within the state itself. The seller has to collect both CGST and SGST.
State GST or SGST is imposed on the intrastate supplies of goods & services by the State Government.
Integrated GST or IGST is imposed on the interstate supplies of goods & services. Integrated GST is regulated by the IGST Act. Interstate supply means the supply of goods & services, where the location of supplier and buyer is different. The seller to collect IGST from the buyer and the tax collected will be divided between Central & State governments.
Union Territory GST is imposed when supply of goods & services are being made in the Union territory. The revenue collected under this, is by the UT Government.
The advantages of GST registration in Chennai are:
The persons that can obtain GST registration are:
The documents depend on the type of business, for the registration of GST. The documents are:
The steps for GST registration in Chennai are:
The steps to download GST registration certificate online are:
GST was launched in July 2017, and since then it is the only indirect tax applicable in India. In India, each & every product goes through a number of stages and the GST will be applicable on each and every state. GST registration in Chennai is mandatory for the businesses and even persons before starting a business.
Read our article:GST Registration in Delhi – Procedure and Documents
Completed BA LLB from JEMTEC, School of Law, Greater Noida (Affiliated to GGSIP University, New Delhi). I have an experience of about 2 years in various fields of corporate laws, but I have a keen interest in researching on legal issues and to gain knowledge. I always strive to bring the best to work on what I do.
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