One can apply for online GST registration, for that it is compulsory for a taxpayer to provide...
With the advancement of technology, various states have leveraged the use of technology to make themselves business friendly. Now multiple registrations can be completed without the need to visit any physical locations. Online GST Registration can be done in your state. In this article, we shall discuss GST Registration in Uttar Pradesh.
GST refers to the Indirect Tax, which is a combination of many Indirect Taxes in India. The Goods and Service Tax (GST) Act was enacted in Parliament on March 29th 2017.
The Act was enforced from 1st July 2017. Goods & Services Tax is a large, multi-stage, destination-based tax that is levied on each value addition. In simple words, it is an indirect tax levied on the number of goods and services. It replaced many indirect tax laws that were previously in India.
The documents may differ depending on the type of business.
Pvt. Ltd. Company-
The following process must be followed for GST Registration in Uttar Pradesh:
Before you do GST Registration in Uttar Pradesh, you must be aware of the following components of GST:
Central GST (CGST)-
CGST is the tax imposed on Intra State supply of goods & services by the Central Government. When the location of the supplier & the buyer are in the same state it is called as an Intra-state supply of goods/services. In this, a seller must collect both CGST as well as SGST in which CGST remains with the Central government, but the SGST is deposited with the State government.
State GST (SGST)-
State Goods & Service Tax (SGST) is a tax imposed on Intra State supplies of goods and services by the State Government. Here, the tax levied goes to the state government.
Integrated GST (IGST)-
Integrated Goods & Service Tax is the tax levied on inter-state supply of goods and services. Integrated GST is governed by IGST Act. In IGST, seller has to collect IGST from the buyer, and the tax collected shall be divided between the Central & the State Governments.
Union Territory GST (UGST)-
Union Territory GST applies when any services and/or goods are consumed in Union territories (UTs) of India. Under the Union Territory GST, the revenue is collected by government of the union territory.
The online registration process enables seamless method of GST registration in Uttar Pradesh. Ensure that you do have the required documents ready, and you will be able to register easily. In case of any query, consult a professional.