The Goods and Services Tax (GST) is an indirect tax regime implemented by the Government of India in 2017 to replace the existing system of multiple taxes. The GST applies to all states in India, including Arunachal Pradesh.
In Arunachal Pradesh, companies with a turnover of more than 20 lakhs are required to register for GST. Companies with a turnover between 10-20 lakh are eligible to opt for GST registration.
In order to register for GST Registration in Arunachal Pradesh, the company must first obtain a GST Identification Number (GSTIN). The company can then apply for GST registration online on the GST portal. The company must provide all the necessary documents such as PAN card, Aadhaar card, bank details, etc.
Gst registration limit in arunachal pradesh
The Goods and Services Tax (GST) registration limit in Arunachal Pradesh is Rs. 40 Lakhs. Any business entity with an annual turnover of more than Rs. 40 Lakhs must register for GST. This limit is applicable for all states and union territories in India. It means that any business entity doing business in Arunachal Pradesh with an annual turnover of more than Rs. 40 Lakhs needs to apply for GST registration.
It is important for businesses to register for GST to ensure that they are compliant with the laws and regulations of the Indian government. The GST registration process is quite easy and hassle-free. All you need to do is submit the necessary documents and information for verification. Once the verification is done, a GST registration number will be issued to you. With the GST registration number, you can avail various benefits such as input tax credit, tax exemption, and lower tax rates.
It is important for business entities in Arunachal Pradesh to apply for GST registration to ensure that they remain compliant with the laws and regulations. This will enable them to avail various benefits and tax exemptions.