Digital Signature for GST Registration at lowest price in Thebizsolution

Digital Signature for GST Registration at lowest price in Thebizsolution

Digital Signature for GST Registration at lowest price in Thebizsolution

 

A valid class 2 digital signature is required for GST registration and GST filing in India.Under GST, all documents submitted to the Government including GST registration applications or documents uploaded to the GST common portal must be digitally signed. There are three types.

Registration and Updation of Digital Signature Certificate on the GST PortalElectronic SignatureVerification Code Digital Signature Certificate.

The Biz Solution Buy / Apply Online Digital Signature For Goods And Service TaxDigital Signature For GSTGST Digital Signature Registration Online India.

Class 2 Individual User Digital Signature is now mandatory for GST Registration in India. GST Registrations are open now and you need to buy Class 2 /3 Digital Signature Certificate. Cost of Buying Class 2 Digital Signature is less in compare to Class 3 Digital Signature.

Under GST, all documents submitted to the Government including applications or documents uploaded to the GST common portal must be digitally signed. In this article, we look at the procedure for signing GST documents and the requirement for Digital Signature.

GST documents can be signed using a Class 2 DSC or digital signature certificate or with an aadhaar based electronic verification code. The list of person authorised to sign or verify a GST document is as below:

By the individual himself or where he is absent from India by some other person duly authorised by him in this behalf, and where the individual is mentally incapacitated from attending to his affairs, by his guardian or by any other person competent to act on his behalf.

By the chief executive officer or Designated Partner or authorised signatory.

In case of Partnership Firm, a Partner or authorised signatory nominated by the Partnership Firm, who is not a minor.

In the case of any other association, by any member of the association or persons or authorised signatory.

In the case of a trust, by the trustee or any trustee or authorised signatory.

GST is the biggest tax reform in India, tremendously improving ease of doing business and increasing the taxpayer base in India by bringing in millions of small businesses in India. By abolishing and subsuming multiple taxes into a single system, tax complexities would be reduced while tax base is increased substantially.

Under the new GST regime, all entities involved in buying or selling goods or providing services or both are required to register for GST. Entities without GST registration would not be allowed to collect GST from a customer or claim input tax credit of GST paid or could be penalised.

Further, registration under GST is mandatory once an entity crosses the minimum threshold turnover of starts a new business that is expected to cross the prescribed turnover.

As per the GST Council, entities in special category states with an annual turnover of Rs.10 lakhs and above would be required to register under GST. All other entities in rest of India would be required to register for GST if annual turnover exceeds Rs.20 lakhs.

There are also various other criteria’s, that could make an entity liable for obtaining GST registration – irrespective of annual sales turnover. Entities required to register for GST as per regulations must file for GST application within 30 days from the date on which the entity became liable for registration under GST.

The Biz Solution  is the leading business services platform in India, offering a variety of services like income tax filing, GST return filing, private limited company registration, trademark filing and more. The Biz Solution can help you obtain GST registration in India and maintain GST compliance through a proprietary GST accounting software.

The average time taken to obtain GST Certificate is about 5 – 10 working days, subject to government processing time and client document submission. Get a free consultation on GST and GST return filing by scheduling an appointment with an The Biz Solution Advisor.

With the implementation of GST in India, the indirect taxes would be streamlined and standardized. Under GST regime, businesses would no longer have to obtain multiple VAT registration in different States or obtain a separate VAT and Service Tax registration. A single GST registration would be sufficient across India for selling or purchasing goods or providing services.

subsumes various other taxes like Central Sales Tax, Additional Customs Duty, Purchase Tax, Luxury Tax, etc., www.thebizsolution.in, under GST, many of the taxes in existence today would be subsumed and made into one tax. This would make tax collection and compliance easy for businesses across the country.

Currently, many businesses like restaurants, computer sales and services businesses have to comply with both VAT and Service Tax regulations. This creates a compliance burden on the business, as they have to calculate taxes for the transaction based on different rates for different items. Under GST, the distinction between goods and services will be gone-making doing business easy.
Currently in some states under the VAT regime, businesses are required to comply with VAT regulations once they cross an annual turnover of Rs.5 lakhs. Under GST regime, GST liability accrues only if an entity crosses an annual turnover of Rs.10 lakhs in northeast or hill states, whereas for rest of India, the threshold is set at Rs.20 lakhs.
GST is expected to increase the tax base in India significantly. Hence, the overall tax liability for businesses is expected to reduce overtime, as more and more businesses become compliant. Further, GST will use the latest in technology, including data from Aadhaar database, PAN database, etc., to make GST registration and GST return filing process, as seamless as possible.

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