Valuation in GST

Goods and Services tax or GST is one tax to include all taxes. It will bring in "One Nation One Tax" rule.Being a completely new form of indirect taxation there are many questions in the minds of the organizations. One of the important question is what is the value of supply under GST?
GST Centre will give you the answer to all the questions about valuation in GST. We are the best Online Training providers on GST Courses. We have included valuation of GST in our Course.

The valuation in GST is mainly indicate that the value of supply of goods and/or services shall be the transaction value. It is the price actually paid( or payable) for the supply of goods / Services between unrelated parties i.e, the supplier and the recipient of the supply are not related with each other and the price will be the sole consideration for the supply.

The value of supply under GST shall include:

• Any amount that the supplier is responsible to pay which has been incurred by the recipient and is not included in the price.  
• The value will include all incidental prices in relation to sale such as packing, commission etc.  
•  Interest/ late fee / penalty for late payment of consideration will be included.    

To Learn more about Valuation under GST Visit: www.gstcentre.in

GST Enrollment in India

Enrollment in GST is being essential as the tax system in India has changed to the new GST System. All existing taxpayers registered under the Central Excise, Service Tax, State Sales Tax or Value added Tax (VAT), Entry Tax, Luxury Tax and Entertainment Tax are required to migrate themselves to the GST System. Enrolment under GST means validating the data of existing taxpayers and filling up the remaining key fields. GST Centre helps you to know more about GST Enrollment.

GST Registration Procedure:

• Submission of PAN, Mobile number and Email address.
• Verification of PAN, Mobile number and Email address. Applicant will receive an Application Reference Number.
• Fill the form with other required information along with the application reference number. Submit the form with the required documents.
• Registration Certificate is issued to the applicant. If the details provided are not sufficient, the registration application may be rejected. 

Required documents

• PAN Card of the company
• Proof of constitution like partnership deed, Memorandum of Association (MOA) / Articles of Association (AOA), Certificate of incorporation.
• Details and proof of place of business.
• Cancelled cheque of your bank account showing name of account holder, MICR code, IFSC code and bank branch details. 
• Authorized signatory like List of partners with their identity and address proof in case of partnership firm or List of directors with their identity and address proof in case of company. 

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