Benefits of GST Registration in India
GST Registration is not only a mandatory compliance for eligible businesses but also provides innumerable practical benefits to taxpayers. It serves as a pivotal step towards simplifying India’s indirect taxation system, unifying various levies into a single, comprehensive tax structure. Let’s delve deeper into the manifold benefits of GST Registration which can be a game-changer for your business!
Prevent Cascading Effect
The tax on tax phenomena that existed across the supply chain has been removed under the new GST regime.
Uniformity in Taxation
GST rates are decided by the GST Council with members from the Central and State governments.
Low tax rates & compliances
GST is charged at a tax rate of 18% or less for most goods and services. GST returns can either be filed monthly or quarterly.
Entitled to avail ITC
Sellers across the supply chain, except the end consumer, can avail ITC for excess input tax paid by them.
Zero-rated Exports
No tax is charged on exports of goods and services under the GST regime. This includes supplies to an SEZ unit also.
Formalisation of the economy
With GST registration, the huge share of the informal sector in the economy has drastically reduced to less than 50%.
Register for GST Today with Our Expert Assistance!
Are you looking for professional assistance with GST registration? As India’s best GST registration consultant, Setindiabiz is here for you! We understand that the GST registration process can be overwhelming and time-consuming for businesses. So, we offer end-to-end GST registration services, from preparation of all GST registration documents to filing complete GST application.
We make sure that your business meets all GST registration eligibility criterias before we apply. We also consistently check GST registration status after filing your application until a GSTIN is allotted. Choosing us as your GST registration consultant will assure that all your GST registration requirements are met with ease.