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A Comprehensive Guide to GST Registration and Filing in Odisha, Bhubaneswar

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GST (Goods and Services Tax) was introduced in India on July 1, 2017, with the aim of streamlining the taxation system for service providers, traders, and manufacturers.

This unified tax replaced various Central and State taxes, such as Service Tax, Excise Duty, CST, Entertainment Tax, Luxury Tax, and VAT. GST is levied at each stage of the supply chain, and businesses can enjoy full set-off benefits. The entire process of GST registration and filing is conducted online, eliminating the need for manual intervention.

At Regilances, we specialize in assisting businesses with GST registration in Bhubaneswar, Odisha, and ensure timely filing of GST returns. Our expert team takes care of all aspects of GST filing, providing you with peace of mind and ensuring compliance.

Mandatory GST Registration: If you are involved in buying or selling goods or providing services, it is mandatory to register for GST online. Businesses with an annual turnover of more than Rs. 20 lakhs (for service providers) and Rs. 40 lakhs (for goods suppliers) are required to register for GST. E-commerce sellers/aggregators do not need to register if their total sales are below Rs. 20 lakhs, as per the recent notification.

Documents Required for GST Registration: To complete the GST registration process, you will need the following documents:

  1. PAN Card of the business
  2. Aadhaar Card of the authorized signatory
  3. Proof of business registration or incorporation certificate
  4. Address proof of the place of business, such as a rent agreement or electricity bill
  5. Bank statement or cancelled cheque
  6. Digital signature
  7. Letter of Authorization or Board Resolution in the case of an authorized signatory
  8. Photograph of the authorized signatory

GST Tax Rates: GST tax rates vary based on the category of goods or services. Essential food items are exempt from GST, while household necessities and life-saving drugs are taxed at 5%. Products like computers and processed food fall under the 12% tax bracket. Items such as hair oil, toothpaste, soaps, capital goods, industrial intermediaries, and services are taxed at 18%, while luxury items attract a 28% tax rate.

Conclusion: Understanding GST Registration Services in Bhubaneswar and filing is crucial for businesses in Odisha, Bhubaneswar. By partnering with Regilances, you can ensure a seamless and hassle-free process. Our experienced team will guide you through the registration process, handle GST filing on your behalf, and keep you compliant with the ever-evolving GST regulations.

Remember, staying up-to-date with GST requirements and timely filing can help your business thrive in the competitive landscape. So, take the first step towards GST compliance and unlock the benefits it offers for your business's growth and success.

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