GST Registration for Non-Resident Taxpayer
Goods and Services Tax, also known as GST has come into effect in India from 1st July 2017 and non-resident taxpayers also need to obtain GST registration and file GST returns. According to the GST Act, “non-resident taxable person” refers to any person who seldom undertakes transactions that involve the supply of goods or services or even both, either as a chief or agent or in any other position but who has no set place of business or residence in India. Every non-resident taxable persons need to select an authorized person in India for complying with GST regulations.
Non-resident taxpayers also need to get GST registration as a Non-Resident Foreign Taxpayer around 5 days before beginning any business in India. An application for GST registration for a foreign taxable non-taxable person needs to be made with the help of an authorized agent in India. After an application for GST registration is filed, a transaction number is generated. Using the transaction number, GST deposit should be done by the taxpayer to get GST registration in India.
Unfolding tax is the pioneer in business services platform in India, that offers a great range of services such as GST registration, GST return filing, privately limited company registration, GST migration, trademark filing and much more. Unfolding tax greatly assist you in foreign companies and NRIs with various GST compliance services that begins with GST registration to GST return filing via a proprietary GST accounting software. The normal time consumed for obtaining GST registration is around 10 – 15 working days, that are subject to the processing time of the government and document submission by the client. Obtain a free consultation on GST registration, GST returns filing and GST accounting by making an appointment with an unfolding tax Advisor.
Advantages of GST
- United platforms
- Lower Tax Base
- Subsuming of taxes
- Ease of doing business
- Lowering of Taxes