GST Registration in Chennai
Secure GST Registration in Chennai affordably with Smartcorp. Our services now cover Pallavaram, OMR, Madhavaram, Kilpauk, Gopalapuram, Red Hills, and Perambur. As registered consultants, we excel in enhancing business outcomes, prioritizing customer satisfaction. With over 10 years of industry experience and a team of adept professionals, we ensure a seamless and swift registration process.
Online GST registration in Chennai is an indirect tax system governing the supply of goods and services in India. Introduced by the central government, GST replaces various prior taxes such as service tax, luxury tax, entertainment tax, and central sales tax. Businesses with an annual turnover exceeding Rs. 40 lakhs (Rs. 10 lakhs for North East and hill states) must mandatorily register for GST.
GST divides tax collection into 0%, 5%, 12%, 18%, and 28% categories. This 15-digit unique number includes IGST, SGST, and CGST components. Entities like companies, organizations, firms, cooperative societies, and federations engaged in product supply fall under GST purview. The online filing and GST registration process typically require 4-7 working days.
Documents needed for GST registration in Chennai
To complete your application online GST registration, ensure you have:
- PAN card details of the applicant
- Aadhar card or passport
- Proof of business registration or incorporation certificate
- Digital signature
- Address proof of the business location for new GST registration
- Account statement or a cancelled cheque
- Identity and address proof of directors or promoters along with their photographs
- Board resolution or Letter of Authorization for the authorized signatory
- Rent agreement if the business location is a rented property.
Benefits of GST registration in Chennai
- Reduces legal disputes
- Allows charging recipients for goods and services
- Boosts the GDP (gross domestic product)
- Simplified compliance requirements
- Quick online registration process
- Removes tax cascading effects
- Offers a composition scheme for small businesses
- Implements a consistent tax structure
- Boosts revenue generation