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It’s hard to believe that beauty salons are so popular right now. Personal grooming is now an important part of any stylish look. To open your own salon, all you need to do is take a short course in the beauty business and fill out a few forms, like GST registration and Company Registration. If you want to start a Beauty Parlour Business in India or already have one, you need to know about GST Registration for Beauty Parlours and how it can help your business.
Do you need GST Registration for Beauty Parlours ?
The Goods and Services Tax Act of 2017 says that any business that offers beauty services, hair services, or cosmetic services must register for GST. If a beauty salon’s annual sales are more than the minimum amount set by the government, which is now Rs 40 Lakhs (or Rs 20 Lakhs in some North Eastern States), they must get GST. Aside from that, you will also need to get GST Registration if you offer services or sell things through e-commerce. Also, you must apply for GST Registration if you pay taxes through the Reverse Charge Mechanism or if you are a sometimes taxable person. If you want your hair salon to be your main source of income, you should also read How to Set Up Beauty Salon Business in India. How much do Hair & Beauty Salon GST rates cost?
What will be the benefits of GST Registration for Beauty Parlours ?
Beauty salons in India can get a lot out of being registered for GST. In the next few paragraphs, we’ll talk about the most important ones.
GST Registration acts as a Legal Proof.
If you want to grow your business or need a loan from a bank to do so, GST Registration will help you build a solid image and legal proof. Banks prefer businesses that are legal, follow the law, and want to keep growing. So, GST proves all of this and helps you build a good reputation so you can borrow money.
It will make it easier for you to manage your business.
If you have both online and offline clients, it will not be easy to keep track of them all. But if you sign up for GST, it’s easy to make e-invoices, especially if you use Instabill. You will also be able to use online bookkeeping and accounting services, which will make it easy to keep track of your books and taxes.
Avail Input Tax Credit
One of the best things about GST for parlours is that they can get an Input Tax Credit. Parlours need to buy a lot of things and use a lot of services to run their businesses. When they buy these things and services, they have to pay taxes on them. But with the help of GST Registration and GST Return Filing, it’s easy to get tax refunds or lower the amount of tax you have to pay.
GST Registration for Parlour will help in opening of a current bank account
Having a current bank account is a must, especially if you own a parlour. If you have a GST in the name of your business, it will be easy to open a current bank account online.
Complete Process of GST Registration for Parlours
- Our expert team will determine which form of GST is best for your company based on your specific needs.
- Depending on the specifics of the client’s business, we will then go forward with assisting you with understanding necessary paperwork preparation for GST registration.
- After we have gathered all the necessary data and documentation, our team of experienced and professional GST Experts will submit an application for GST on the official webportal of the government on your behalf.
- Once the application gets verified by the appropriate authority official, we will deliver your GST Registration Certificate and GSTIN to your inbox.
Contact Us for GST Filing & GST Registration
Call us on +91-8943229346
See GST Filing Packages on https://www.gstsuvidhakendras.org/gstmonthlyfiling/
See GST Registration Packages on https://www.gstsuvidhakendras.org/gst-registration-service/
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Tag : GST Filing, GST Registration, TDS Filing