Mistakes to Avoid During GST Registration Online

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Mistakes to Avoid During GST Registration Online

• Get Online GST Registration with Experts of Legal
  Pillers

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GST Registration Online

• GST Registration Online India is very crucial for
  the businesses. With new GST Registration,
  businesses can make sure about the smooth
  operations and compliance with tax laws. But it
  can be complex specifically for the new
  businesses. They may make mistakes in GST
  Registration Process that will lead to delays,
  penalties, or operational issues. Here, we will
  tell you about such mistakes that you should
  avoid during online GST Registration.

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Benefits of GST Registration

• Simple least compliances
• Reduce the burden of tax
• Beneficial for e-commerce business
• Heightening the economy

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Who is Eligible for GST Registration?

• Individuals enrolled under Pre-GST law i.e.
  Excise, VAT, Service Tax, etc.
• Businesses with an annual turnover of more than
  40 Lakhs while the limit is 20 Lakhs or 10 Lakhs
  for some state special category.
• Casual taxable person and Non-Resident Taxable
  person (NRIs)
• Agents of suppliers or Input Service Distributor
  (ISD)
• Vegetable Oil Processing Units as well as
  Production Units
• People paying taxes under the Reverse Charge
  Mechanism
• People who supply via e-commerce aggregator
• Person supplying online date database access
  from a place outside India to a person in India.
• All the e-commerce portals sellers 
• Inter-state supplier of goods i.e. if you are a
  supplier of goods services in more than one
  state.

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Common Mistakes to Avoid During GST Registration
Online India

• Incorrect Business Details One of the most
  common mistakes is to provide the wrong business
  details during GST Registration online including
  name, address, or PAN of the business. Make sure
  details will match with that on official
  documents.
• Wrong Business Structure One of the most common
  mistakes is to provide the wrong business details
  during GST Registration online including name,
  address, or PAN of the business. Make sure
  details will match with that on official
  documents.
• Invalid or Incomplete Documentation Most of the
  time people will not read the documents need
  carefully and may submit the invalid or
  incomplete documents during GST Registration
  online India. It will lead to the delays or
  penalties. You need to submit all the latest
  documents.

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• Incorrect PAN Details It is crucial to fill the
  precise PAN details during new GST Registration.
  Incorrect PAN details or any mismatch may result
  in the hefty penalties.
• Ignoring Additional Places of Business If your
  business has several branches, you need to fill
  the information about all the branches precisely
  during Online GST Registration.
• Errors in Bank Details Sometimes there can be a
  mismatch in the bank details. So, you need to
  make sure that you should mention all the details
  including bank account number, IFSC Code and
  other related details accurately.
• Incorrect Principal Place of Business The
  principal place of the business is the primary
  location where business activities are conducted
  and all the books records of the company have
  kept. You should make sure that its details
  should be mentioned accurately. GST Authorities
  may visit the place for verification.

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• Incorrect Details of Partners or Directors The
  most common mistake is incorrect personal details
  including name address of partners or
  directors. You need to verify them properly
  before submission.
• Ignoring State-specific Rules Although GST is a
  national tax but you need to follow the
  state-specific regulations. You need to choose
  the correct state jurisdiction which will be on
  the basis of location of primary place of your
  business.
• Fail to Update Information In case if there is a
  change in business address, addition or removal
  of directors, or change in business structure,
  businesses usually fail to update the
  information. It may result in penalties.

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Final Words

• GST Registration Online India is a crucial step
  for businesses. To make the GST Registration
  Process smoother, you should avoid the common
  mistakes mentioned above. If you will be careful
  about these pitfalls you can make sure about
  compliance ad focus on growing your business. You
  can also seek the assistance of professionals
  like Legal Pillers.