Scenarios, where a service provider needs to register in multiple states? - PowerPoint PPT Presentation

About This Presentation
Title:

Scenarios, where a service provider needs to register in multiple states?

Description:

If you are a business owner, having ventures, restricted to just one state, then GST India might prove to be a beneficial upshot for you! This is because, sans much of a compliance burden, you can avail more input-tax credits. However, if you are a service provider, with roots in multiple states, which we believe the majority would be boasting; in that case, GST India might present some hindrances in operations! – PowerPoint PPT presentation

Number of Views:10
Slides: 9
Provided by: Username withheld or not provided

less

Transcript and Presenter's Notes

Title: Scenarios, where a service provider needs to register in multiple states?


1
GST India What are the scenarios, where a
service provider needs to register in multiple
states?
2
If you are a business owner, having ventures,
restricted to just one state, then GST India is
going to be a beneficial affair for you! This is
because, sans much of a compliance burden, you
can avail more input tax credit. However, if you
are a service provider, with roots in multiple
states, which we believe the majority would be
boasting in that case, GST India might present
some hindrances in operations!
3
Much has been said, regarding the complexities in
registration, in multiple states. However, to
make things very clear, merely because you
provide services in a particular state, you are
not required to register in the same! This is not
required at all. You are required to register
only, if you have operations in a particular
state, for instance, if you have an office or a
space registered in that state!
4
When you have that kind of setup, with operations
in multiple states, you are hampered with a
sizeable burden of compliance, as it is mandatory
to obtain registrations in every state, you have
ventured in! In addition, the invoicing has to be
organized according to that state and. Therefore,
the input tax credit also becomes state-centric.
This is the reason that for multiple state
service providers, GST India is a mixed bag of
ebbs and flows!
5
In the past, even if you are operating in 20
states, you could have obtained just one
registration, which is for the place where you
are headquartered. The theory was that, as long
as you are paying the right amount of tax, how
does it matter? Now you have to fragment that tax
and, pay that to the relevant state. 
6
GST India is going to entail significantly high
compliances and, chances are you will have to
deal with problems that you have never, dealt
with before.
7
GreenGST, a product by Moglix, a B2B e-commerce
giant, is an innovative SAAS based GST filing
software. We extend our expertise of addressing,
perplex challenges faced by manufacturing and,
supply chain sector, owing to the baffled up tax
scenario in India.At GreenGST, we know supply
chain like no other, therefore, while other claim
to make you GST compliant, we guarantee and
entire GST compliant supply chain!
8
Thank You!
Write a Comment
User Comments (0)
About PowerShow.com