Instructions to spare Tax under GST for Exporters (Must Read)

The GST Council has chosen to expand the assessment exceptions that are accessible for the foreign made products for the following 6months after 31st March 2018. Consequently, the exporters who are at present using the different elevating plans identified with fares can keep on guaranteeing the exceptions on their imports till first October 2018. The GST Council likewise reported the e-wallet plot on tenth March 2018, this was done to guarantee that the exporters appreciate all the duty exceptions.

Assessment sparing under GST for Exporters

Prior, the exporters were confronting sure liquidity issues, since GST appeared and there was consistent postponement in the discounts that the fares should pay at the season of delivery. GST gathering trusts that the duty exceptions for citizens will make the focused and assessment productive in the International Market. In any case, this exclusion isn’t accessible to the who has been arraigned for any offense under GST registration and filing, the tax avoidance for it is Rs. 2.5 Cr.

The arrangement

The transitory arrangement is to re-present pre-GST Exemptions on imports, where the citizen isn’t required to make good on government obligations at the season of imports, this appeared after the 22nd Council meeting that was hung on first October 2017. The board saw that exporters were enduring a direct result of the blockage of money, as they needed to pay GST and IGST on crude materials, inputs, imported completed products and so on. In addition, the exporters who hold AA, EPCG and EOUs, won’t pay any sort of IGST or Cess on the imports. Adding to this, there was another plan that was presented for the trader exporters, wherein they will simply have pay 0.1% as GST for their Procured Goods. Additionally, household obtainments those which were framed under AA or Advance Authorization, EPCG, EOU plans were considered as regarded sends out with the adaptability permitted either to the providers or exporters under which they can guarantee the discount of IGST or GST Payment. All the previously mentioned advantages were accessible to the exporters till 31st March 2018.

Expense sparing under GST for Exporters

Besides, some Financial Institutions and banks are given the alleviation to import Gold without paying IGST, which should be provided to the exporters according to Advance Authentication Scheme.

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How to Register for GST – Certicom

Fast-forward enrollment on GST for Small & Medium Business.

GST Registration – Procedure, Rules, Forms, Documents Required, Online Registration Steps. All you have to think about GST New Registration Procedure 2017, Find Complete Technique for Online GST Registration in India. Outline of Procedures and Documents required for enrollment on GST Portal by the State VAT Dealers. Check Registration Procedure Under GST. Enlistment of Existing Tax Payers at New GST Portal with Screenshots. GST Registration at New Portal. GSTN Portal India. GST India enrollment. Check All GST Updates and GST Latest News from beneath. Presently Scroll down beneath n Check all points of interest for “GST Registration – Procedure, Rules, Forms, Documents Required”

Documents for GST REGISTRATION

  1. Pan card – Proprietor/ Partners
  2. Aadhar Card – Proprietor/ Partners
  3. Rental Agreement/ Property Tax Receipt – Business premises
  4. Electricity bill 
  5. PP. Photo
  6. Bank Statement- 6 months
  7. Business Details – Product or Service with Description
  8. Mobile No- Proprietor/ Partners
  9. Email id – Proprietor/ Partners

GST Registration Process

GST Registration Open Now

 

Final Step after GST Registration or GST Migration

1. If you are a Taxpayer having received Acknowledgement Reference Number (ARN Number):

  • You should be able to download the Provisional Registration Certificate from “Download Certificates” at GST website from 27th June 2017.

2. If you are a Taxpayer, who has saved the enrolment form with all details but has not submitted the same with DSC, E-Sign or EVC:

  • You will receive the ARN at your registered email ID, if the data given are successfully validated after 27th June 2017.
  • In the case of validation failure (data like PAN not matching), you should be able to log in to the same portal from 27th June 2017 onwards and correct the errors. You can refer the registered email for details of the errors.

3. If you are a Taxpayer, who has partially completed the enrolment form:

  • You can log in to the portal on the above-mentioned date and complete the rest of the form.

4. If you are not an existing Taxpayer and wish to register newly under GST

  • You would be able to apply for new registration at the GST portal from 25th June 2017.

Click here to download GST Registration Certificate (Link available from 27th June 2017)

 

Call : +91-98800 52923 / 98453 77948 or  Mail Us: [email protected]

Professionals & Small Business Compliance

Customized Financial Solutions for Professionals and Small Businesses in Bangalore

specifically tailored for doctors, lawyers, architects, photographers, trainers, and similar professionals

As a professional or small business owner in Bangalore, managing finances and ensuring compliance with regulatory requirements can be overwhelming. At Certicom, our experienced Chartered Accountants (CAs) provide customized financial solutions tailored to your specific needs.

DUAL BENEFITS for Professionals

Our expert CAs assist professionals such as doctors, lawyers, architects, photographers, and trainers in maximizing their financial benefits:

  1. Individual Benefits: Claim deductions under Section 80C, NSS, and other applicable benefits on salary income.
  2. Corporate Advantages: Avail depreciation, rent, miscellaneous expenses, and other business-related benefits on business income.

Business Expense Management

Ensure you’re claiming all eligible business expenses with the help of our experienced team:

  1. Office Rent
  2. Travel and Conveyance
  3. Depreciation on Assets
  4. Payroll and Salary Payments to Staff

TDS Compliance

Our experts handle TDS compliance, ensuring:

  1. TDS Deduction: Deduct TDS for payments above ₹30,000 to individuals and ₹75,000 to companies.
  2. Applicable TDS Rates: Ensure compliance with the appropriate TDS rates (1%, 2%, 10%).
  3. Avoid Penalties: Prevent expenses from being added back to income due to non-deduction of TDS.

Service Tax Registration and GST Migration

We help with comprehensive service tax and GST-related services:

  1. Service Tax Registration (mandatory for revenues > ₹10 lakhs)
  2. Quarterly or Half-Yearly Service Tax Returns Filing
  3. GST Migration and Readiness
  4. Registration + Return Filing (Starting from ₹10,000)

Presumptive Taxation

Take advantage of the simplified taxation scheme for small businesses and professionals:

  1. Small businesses with turnover up to ₹2 crores (6% taxable income)
  2. Professionals with receipts up to ₹50 lakhs (50% taxable income)

Registration and Compliance

Our team can help with all your registration and compliance needs:

  1. PAN, TAN, Shops, and Establishment Registration
  2. Service Tax Registration
  3. GST Migration and Compliance

No Books of Accounts Required

Our services include tax return filing, eliminating the need to maintain books of accounts.

Contact Certicom today to discover how our customized CA compliance solutions can support the growth of your profession or small business.

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