WHAT ARE THE BENEFITS THAT ARE GAINED BY THE START-UPS FROM THE GST REGISTRATION IN JAIPUR?

 

When we are talking about GST Registration in Jaipur it is unified that it could replace all the other indirect taxes such as excise duty, VAT, and service tax. All these duties are imposed by both the State and Central Governments. The introduction of GST Registration is expected to simplify the indirect tax structures at all levels. So, that One Nation & One Tax service in India comes out in a better way. Starting from choosing the business entity to payment of taxes, there are lots of places where you can mess up without a trusted legal and compliance companion Alonika- the affordable Business solutions. 

 

Now, have a look at the benefits related to the GST for the start-ups in India. When you will contact the GST Registration Service in Jaipur will only improve the Ease of Starting a Business in India. Unlike the multiple VAT registration procedures and fees that had to be followed in various parts of India. GST imposes proper centralized and standard procedures in all states of India. Thus, entrepreneurs that operate across states are relieved from the heterogeneous tax systems. A standard GST Registration Service in Jaipur leads to an easier business kick-up. Moreover, compliances have also been simplified to save both time and money. 

 

The incorporation of Multiple Taxes in GST leads to growth in business. 

In the olden days, goods and services were under the State Government while services were levied taxes under the Central Government's service tax regimen. Earlier businesses like restaurants or computer sales and services that could sell goods and provide services as a package that had to comply with both VAT and Service Tax Regulations. With the GST registration, the unwieldy process of tax calculation is based on various rates for all different items that are driven away. GST Exemption for Start-ups and Small Businesses along with a 3year Tax Holiday. 

Since the GST Registration Consultant in Jaipur has come into consideration the business with turnovers of less than Rs.10 lakhs per annum would not have to register for the GST or collect GST. 

Further, businesses with an annual sales turnover of Rs.10 lakhs to Rs.50 lakhs may have to pay GST only at a lower rate. As the start-ups will be exempted from income tax for 3 long years as provided they get a certification from the Inter-Ministerial Board (IMB). All the more reason to celebrate for the budding companies.