With the greatest tax reform taking place in India, there is lot of anxiety and confusion among everyone. Goods & Service Tax (GST) is a mammoth change in the Indian Economy and due to lack of clarity and proper information there is lots of false information doing rounds. To provide you accurate, precise and relevant information we at BassBiz bridge the gap between legal procedures and entrepreneurship.
GST registration is obligatory for all businesses having annual turnover of Rs. 20 Lakhs or more. Every businessman will have to furnish 3 monthly returns viz. GSTR 1, 2 and 3 relating to sale, purchase and payment of tax respectively. A small scale dealer, having annual turnover of less than Rs. 75 Lakhs can opt for composition scheme where he will have to furnish only 1 quarterly return (GSTR 4) and the GST levied shall be 1% or 2.5%, but he will not be able to use input tax credit to pay GST.
The GST regime will oust all the prevailing taxes like CST, VAT, Excise etc. Consequently, it will solve all the problems relating to cascading of taxes, availing input tax credit, soaring prices, increasing tax rates and many more. We facilitate to implement this change in a smooth and effective manner & bring a positive outcome for your business.
We offer seamless & quick services to our valuable patrons for registration under GST. The last date of registration under the Act has been extended till 25 September 2017. Our skilled and updated professionals offer a-to-z assistance for registration under the new act. We require few basic documents mandated by the law for attaining GST Identification Number (GSTIN), viz. PAN Card, Certificate of Business, Photographs, copy of Bank Pass Book, Bank Account Number etc. We also provide hassle free timely monthly tax payments for our customers.
For any GST related consultation, we are just a call away. Our experts would enlighten you with the implications that the new tax regime can have on your business. We enable smooth transition into the one of the biggest tax reforms of India since Independence. We are well equipped to resolve all your ambiguities pertaining to the procedural requirements of GST leaving no room for litigation. A smooth road for GST rollout awaits you with BassBiz.