IndusInd Bank : Link Your GST Number with Your Account

Organisation : IndusInd Bank
Service Name : Link Your GST Number with Your Account
Applicable States/ UTs : All Over India
Applicable For : IndusInd Bank Account Holders
Home Page : http://www.indusind.com/
Link Here : https://indusnet.indusind.com/corp/BANKAWAY?Action.IIB.GST.Init=Y&AppSignonBankId=234&USER_LANG_ID=001&PRINCIPAL_LANG_ID=001&AppType=corporate&CorporateSignonLangId=001&CorporateSignonAccessChannel=I&UserType=1&LANGUAGE_ID=001&MULTILIN_REQD=N&utm_source=GSTHPbanner&utm_medium=banner&utm_campaign=GST_linking_oct2017

Link Your GST :

Please Enter the following details to Link Your GST Number with Your Account,
1. Enter Legal Entity Name

Related : IndusInd Bank Link Your Aadhaar & Check Status : www.statusin.in/35034.html

2. Enter PAN (Permanent Account Number)
3. Enter Contact Person Name
4. Enter Contact Person Email
5. Enter Contact Person Mobile
6. Enter GSTIN (GST Regiatration Number)

7. Select State
8. Enter IBL Account Number (if customer wishes to attach this GST Regn Number to a Specific Account with the bank)
9. Enter Captcha – Write the Characters in the above image.
10. Click on the Add Button

Registration Under GST :
** Registration needs to be obtained in every state from where a taxable supply of goods and or services is being made.

The Government has initiated the process of migration of the existing tax payers to GST and is issuing provisional ids and passwords to every tax payer registered under current Indirect Tax legislations.

** Accordingly, if you are an existing tax payer (Excise Duty, VAT or Service Tax), we would request you to obtain the necessary registrations in a timely manner and make them available to IndusInd Bank Limited (‘IBL’) as soon as possible to enable us to update your records.

** In case of multiple GST registrations (state-wise / business verticals), we request you to kindly update IBL of the same along with the relevant place of business for the purpose of invoicing / billing.

** To enable us to issue GST compliant invoices on a timely basis, we request you to share with us the details of your GST Registration Numbers. You may please visit GST portal available on our website for updation of your GSTIN or you may also visit nearest branch to furnish your GSTIN.

We are pleased to have you as a valued customer and we sincerely look forward to continuing our business relationship in the future, refer below FAQs for any queries.

FAQs :
1. What is Goods and Service Tax?
‘GST’ stands for “Goods and Services Tax”, and is a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level.

It replaces all the indirect taxes, hitherto, levied on goods and services by the Central Government through central legislations and by various State Governments through their respective State legislations.

2. What is the nature of GST?
It is a destination based tax on consumption of goods and services. It is levied at all stages right from manufacture up to final consumption with credit of taxes paid at previous stages available as setoff.

In a nutshell, only value addition will be taxed and burden of tax is to be borne by the final consum

3. Which of the existing taxes are be subsumed under GST?
The GST replaces the following taxes :
** Service Tax
** Excise duty
** State VAT
** Central Sales Tax
** Luxury Tax
** Entry Tax (all forms)

** Entertainment and Amusement Tax (except when levied by the local bodies)
** Taxes on advertisements
** Purchase Tax
** Taxes on lotteries, betting and gambling

** State Surcharges and Cesses so far as they relate to supply of goods and services
** Excise duty levied under the Medicinal & Toiletries Preparation Act
** Countervailing duty in lieu of excise duty
** Special additional duty of customs
** Surcharge and Cesses (relating to supply of goods and services).

The GST Council shall make recommendations to the Union and States on the taxes, cesses and surcharges levied by the Centre, the States and the local bodies which may be subsumed in the GST.

4. How are the goods and services classified under GST regime?
HSN (Harmonised System of Nomenclature) code shall be used for classifying the goods under the GST regime. Services will be classified as per the Services Accounting Code (SAC).