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GST in India: An Overview
The Goods and Service Tax (GST) is a major tax reform that was announced by the Indian Government on July 1, 2017. GST is an indirect tax that affects almost all aspects of our lives. As a result, it has become one of the most popular taxes in India. For any business to operate in India, they need to register with the GST Council and obtain a Tax Identification Number (GSTIN).
The Goods and Services Tax Identification Number (also referred to as ‘GSTIN’) shall be assigned in the following format:
- two characters for the State code;
- ten characters for the PAN or the Tax Deduction and Collection Account Number;
- two characters for the entity code; and
- one checksum character.
Once you have your GSTIN registered with the GST Council, you can begin to issue invoices and purchase goods and services within the system. However, it can be challenging to navigate the maze that is the online GST registration portal for businesses in India. This post will help you get started with logging into an account on the GST portal in India so that you can start selling goods and services in the country. Once you have done that, you can explore other useful details about becoming a GST taxpayer.
How to login to the GST portal: An Overview
GST Portal is the official website of the Indian government, which can be found at https://www.gst.gov.in/. You can access your consent GST details after registering and completing the login process. Users can use this portal to register their taxes, file returns, make payments, and apply for a refund. The user can also cancel his or her registration and gain access to various GST-related analyses.
How to login to the GST portal: The Registration Process
- Go to the GST official website and then select ‘GST Practitioners.’ Then click the ‘Register Now’ button.
- Choose ‘New Registration.’ Fill in the blanks and upload any required documents.
- After you enter all of your information, you will be given a One-Time Password (OTP). Enter the OTP, then enter the characters shown in the image into the box and click on continue.
- Following the submission of application forms, you will be assigned an acknowledgement number.
When you receive a GST number, User ID, and password, the application process is complete. You can use this information to access the GST gov portal.
How to login to the GST portal: Step by Step Guide
Step 1: Go to www.gst.gov.in and click Login in the upper right corner of the GST website’s homepage.
Step 2: After logging in, enter your user name, password, and captcha code and click Login.
Step 3: You can now see your dashboard. You can view options such as Notices, GST Payable, and Return Filing.
Step 4: But if you’re a new user, click the ‘Here’ button next to ‘First Time Login.’ Then enter your Provisional ID, User ID, GSTIN, UIN, or GSTP ID, followed by your password, and click ‘Login.’
Benefits of the GST portal
Now that you have a better understanding of how to use the GST portal in India, let’s have a look at some of the benefits that will come with it.
- Improved transparency – One of the main benefits of the GST is that it will bring transparency to the marketplace. With the sales tax being made uniform across all levels of government, it will allow for more accurate pricing and increased competition in the marketplace.
- Standardised system – The second benefit of the GST is that it will bring uniformity to the tax system. Now, while the national sales tax is pretty standardized, the structures, rules and regulations of individual states/UTs remain intact. With the unified tax system, each state/UT will have its own sales tax and will no longer be able to charge a discriminatory tax system.
- Effective & balanced – The third advantage of the GST is that it is expected to be an effective, balanced and inclusive tax system. It will neither increase nor decrease the population of people who are taxed under it. The overall effect will be a more effective and just tax system.
Final Words from Zolvit
The GST is an enormous and complex tax reform that will make life easier for both businesses and taxpayers. The only thing you have to do is get in touch with the experts at Zolvit who will handle the registration process for you. From there on, all the hassle will be taken care of for you. There will be no more documents to fill out, and you can start exploring all the wonderful benefits of being a GST taxpayer today!
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