SERVICES

CA in Bangalore

GST Services

Goods & Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that will be levied on every value addition. In simple words, GST is the indirect tax levied on the supply of goods and services. The GST law has replaced many indirect tax laws that previously existed in India.

Components of GST:

There are 3 applicable taxes under GST: CGST, SGST & IGST:

CGST: Collected by the Central Government on an intra-state sale (Eg: Within Karnataka)

SGST: Collected by the State Government on an intra-state sale (Eg: Within Karnataka)

IGST: Collected by the Central Government for inter-state sale (Eg: Karnataka to Kerala)

Advantages of GST:

  • • Removing cascading tax effect
  • • Higher threshold for registration
  • • Composition scheme for small business
  • • Online simpler procedure under GST
  • • Lesser compliances
  • • Defined treatment for e-commerce
  • • Increased efficiency in logistics
  • • Regulating the unorganized sector

• Every person who is registered under an earlier law (i.e., Excise, VAT, Service Tax etc.) needs to register under GST.

• When a business which is registered has been transferred to someone/demerged, the transferee shall take registration with effect from the date of transfer..

• Anyone who drives inter-state supply of goods.

• A person who occasionally supplies goods and/or services in a territory where GST is applicable but he does not have a fixed place of business. Such a person will be treated as a casual taxable person or as a non-resident taxable person as per GST.

• Agents of a supplier.

• Those paying tax under the reverse charge mechanism.

• Input service distributor i.e an office of the supplier of goods/services which receives tax invoices on receipt of input services and issues tax invoices for the purpose of distributing the credit of CGST/SGST/IGST paid on the said services to your branch with same PAN.

• E-commerce operator or aggregator.

• Person who supplies via e-commerce aggregator

• Person supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered taxable person

Following documents are required for registration under GST:

Company documents

  • • PAN card of the company
  • • Registration Certificate of the company
  • • Memorandum of Association (MOA) /Articles of Association (AOA)
  • • Copy of Bank Statement
  • • Copy of Board resolution authorising director.

Director related documents

  • • PAN and Adress proof of directors

Registered Office documents

  • • Copy of electricity bill/landline bill, water Bill, property tax paid receipts.
  • • No objection certificate of the owner
  • • Rent agreement (in case premises are rented)

LLP documents

  • • PAN card of the LLP
  • • Registration Certificate of the LLP
  • • LLP Partnership agreement
  • • Copy of Bank Statement of the LLP
  • • Declaration to comply with the provisions
  • • Copy of Board resolution

Designated Partner related documents

  • • PAN and Address proof of designated partners

Registered Office documents

  • • Copy of electricity bill/landline bill, water Bill
  • • No objection certificate of the owner
  • • Rent agreement (in case premises are rented)

Partnership documents

  • • PAN card of the Partnership
  • • Partnership Deed
  • • Copy of Bank Statement
  • • Declaration to comply with the provisions

Partner related documents

  • • PAN and Adress proof of designated partners

Registered Office documents

  • • Copy of electricity bill/landline bill, water Bill
  • • No objection certificate of the owner
  • • Rent agreement (in case premises are rented)

Individual documents

  • • PAN card and ID proof of the individual.
  • • Copy of Cancelled cheque or bank statement.
  • • Declaration to comply with the provisions.

Registered Office documents

  • • Copy of electricity bill/landline bill, water Bill
  • • No objection certificate of the owner
  • • Rent agreement (in case premises are rented)

Factory License :

Wherever a business entity is engaged in manufacturing process with aid of power and employing ten or more workers or is engaged in manufacturing process without aid of power and is employing twenty or more workers such entity is required to obtain registration under factories Act. Factories Act provides for safeguard of workers to protect health, provides for safety at the workplace when dealing with machinery, improves the physical conditions of the workplace, and provides welfare amenities.

Trade License :

Schedule X of the Karnataka Muncipal Corporations Act, 1976 lists the trades and Industries that require a trade license from concerned Municipal Authorities. In Bangalore, BBMP is the civic agency that issues trade licenses to various shops and industries within its jurisdiction. The Health Department of BBMP is in charge of these matters.

The license issued expires on 31st March every year, The Application for renewal need to be done before last day of February each year.

Following are the documents required for trade license:

  • 1. Property Owner's consent letter
  • 2. Property Tax Paid Receipt
  • 3. NOC from neighbours
  • 4. Building plan of the trade premises
  • 5. Occupancy Certificate
  • 6.Khata Certificate.

FSSAI License :

FSSAI License is essential for all the operators of Food Business whether wholesalers, manufacturers,suppliers, traders, Re-packers etc. There are different types of FSSAI Registration & the type of FSSAI registration depends upon the annual turnover of the Food Business. No person shall commence or carry on any food business except under a license with exception of a tiny food business operator, abut they shall register themselves with food authority.

Based on Annual Turnover a Food Business Operator has to either apply for a simple FSSAI Registration in form A with FSSAI or apply for a FSSAI Licensing in Form B.

Annual Turnover Registration/ License
Below 12 lakhs Registration Form A
12 - 20 Lakhs State License From B
Above 20 Lakhs Central License Form B