Company Secretary In Tambaram
Secretary In Tambaram GST is the biggest tax reform in India which has tremendously improved business and increasing the taxpayer base in India by including millions of small businesses.GST has been implemented in India from 1st July, 2017. Under the new GST regime, over 1.3 crore business in India have been registered and issued GST registration Tax complexities would be reduced due to the abolishing and subsuming of multiple taxes into a single, simple system.
The new GST regime mandates that all organization involved in buying or selling goods or providing services or both are required to register and obtain GSTIN. Registration is mandatory once the organization crosses a minimum threshold turnover or when an individual starts a new business that is expected to cross the prescribed turnover.GST annual return filing is mandatory for all organization having GST registration, irrespective of business activity or sales or profitability during the return filing period.
Hence, even a dormant business that obtained GST registration must file Nil GST return.Before filing GST annual return the taxpayer must have filed all GSTR-1 or GSTR-3B or GSTR-4 return for the period of April to March. In case there are overdue GST returns for the above-mentioned period, the GST registration holder will not be allowed to file GST annual return. GSTR-9: All GST registered organization are required to file GST annual return in form GSTR-9.
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