Step-by-step guide on GST Registration

GST marked as the biggest tax reforms in India since 1947. It’s a unified tax implemented by current BJP Government with an aim to erase all state or central government indirect taxes. GST subsumes 11 Indirect taxes that were levied on the sale of goods and services by central or state Government. GST made indirect taxation process simpler for small and medium scale enterprises. It will also boost economic growth in a long run. New small businesses will be benefited from this new tax law as they have to pay less tax under composition scheme (SMEs with Rs.20 – Rs.50Lakh turnover).

As we are saying that GST made taxation easier. So, let’s have a look at its registration process. In this article we will cover all details regarding GST registration with below-mentioned points:

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Don’t shy away asking for a favour

Asking a favor/help is not a bad thing at all if it doesn’t cost them more time and money. You will so so many people love you and share a helping hand. 

During building our Accounting Software, for promotion, for advice, for understanding the foreign markets and small businesses there and for making things possible we asked all possible help we could ask for to everyone (even to a complete stranger sitting in USA or UK whom we never knew few hours back) and really can see the amount of help and love it is creating for us.

Be it to Rackspace, Twitter, several small businesses, lots of investors, market experts, accounting firms, local Bank officials; we got help-love form nearly everyone.

It really helped us getting insights, minimize our costs, being on our budget and grow. Thanks you all.

And my friends “Don’t shy away from asking a favour if and only if it’s not taking a lot of their time and money”.

Preparing your to-do-list for work. The late night vs the morning prior to office

For the first time I did a to do work list in the morning before coming to office; as quite a few successful entrepreneurs I know does. I used to do it after coming to office or else at night before sleeping.

The difference I feel is quite drastic. 

Night is best for creative thinking, long term strategies and so milestones. But morning ones before office is best for very short-term planning. Just Today.

Wow! It feels like you’ll get more work done during the day and rapidly move forward.

What’s your experience and how do you make yourself check the boxes out?