date_range 27 Jan, 2020

GST Impact on Technology Startups by MyOnlineCA

Goods and Service tax was introduced in India by the Government in 2017 which replaces the previous indirect taxes like VAT, Excise, and Service Tax. Before GST it was tough to filing indirect taxes and registration under VAT and service tax, but now the rules have been changed under GST, and it makes a significant impact on technology startups as it gives a boost to the MSMEs businesses and GST also sets exemption limit for filing of GST return which provides benefit to the startups.

This article talks about the GST impact on Technology startups and online gst return filing so you will get an idea about these things.

GST Registration Online

If you want to register your business under GST, then it is straightforward to register your business under GST. First, you have to visit the official website of GST and then you to generate a temporary reference number (TRN) for which you have to fill all the required details like business name, state name, PAN number, email. Mobile number, etc. Then you have to generate OTP number, and after getting OTP, you have mentioned it.

After generation of TRN, you have to log in on the official website of GST and then have to fill required personal and professional details. Then you have to attach the necessary documents, and then you can submit your form. Then an ARN number will be generated, and you can check the status of your form through ARN.

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