GST Registration

1,999.00

All Inclusive Fees

(EMI: Rs.192.81 for 12 months)*

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GST Registration

Overview

GST or Goods and Services Tax was introduced by the Indian Government to regulate prices throughout the country and remove all state or central Government imposed indirect taxes on goods and services by initiating GST registration in India. As per the recently amended notification in 2019, businesses whose turnover exceeds Rs.40 lakhs (Rs. 20 lakhs for North East and hill states) is required to get their GST as a normal taxable person and hence needs to mandatorily apply for GST Registration. Apart from the above turnover bracket, there are certain instances where GST registration is mandatory for those individuals or entities who are engaged in the supply of goods or services across the state. You can apply for online GST Registration either as a normal taxpayer or under the GST composition scheme. Taxpayers with a turnover of less than Rs.1.5 crore can opt for composition scheme to get rid of monotonous GST formalities and pay GST at a fixed rate of turnover.The procedure for GST is entirely online and requires no manual interference.Once the registration is done under GST, you will get a unique GSTIN (Goods and Service Tax Identification Number). The Central Government issues a state-wise, 15-digit number to you once the registration is done. There are several advantages of GST registration including the fact that you will get a legal identity as a supplier. Furthermore, you can also getan input tax credit and collect GST from the final recipients of goods and services.

Who requires a GST Registration?

  • Individuals who were registered under laws like Excise, VAT, Service Tax etc.
  • Any Businesses whose annual turnover is more than Rs. 40 Lakh and Rs. 20 Lakh (In case of North Eastern States, Jammu and Kashmir, Himachal Pradesh and Uttarakhand).
  • Taxable person and Non-Resident Taxable person
  • Agents of Supplier and Input Service Distributor
  • Individuals who pay taxes under Reverse Charge Mechanism.
  • Individuals who supply through e-commerce aggregator
  • Any Person supplying any kind of online information or database access from a place outside India to a person in India.

 

Various GST Tax Rates

  • Exempt  – Basic Necesseties

     

  • 5% – Household Necessities and Life Saving Drugs etc.

     

  • 28% –  Luxury Items

     

  • 12% – Computers and Processed Food

     

  • 18% –  Hair Oil, Toothpastes, soaps, capital goods, industrial intermediaries and services

     

  • Application Preparation

    1 to 2 Days

  • Processing of Documents

    2 to 3 Days

  • Verification by GST Officer

    3 to 4 Days

  • Certificate Of Registration

    4 to 5 Days

Advantages

GST provides benefits to the citizens of India, the industry as well as the government. Some of the advantages of GST Registration are:

  • Elimination of Numerous Taxes and Uniformity in Taxation

    One of the major benefits of GST is the elimination of numerous indirect taxes that existed earlier. Now, many taxes have been replaced. Taxes including excise, octroi, sales tax, Service tax, CENVAT, turnover tax etc. are no more applicable and all those have come under common tax called GST.

  • Ease of doing business

    GST took the thought of “One Nation One Tax”. The unhealthy competition that existed earlier among the States has benefited businesses wishing to do interstate business.

  • Saving More Money

    Application of GST has resulted in the elimination of double charging in the system for a common man. Due to GST, the price of goods and services has reduced & ultimately helping the common man saving more money.

  • Cascading Effect Reduction

    GST is applicable at all stages, right from manufacturing to consumption, it is providing tax credit benefits at every stage in the chain. In the earlier scenario, at every stage, the margin used to get added and tax was paid on the whole amount. Under GST the businesses are taking benefit of Input Tax Credit and tax is being paid on the amount of value addition only. GST has reduced the cascading effect of tax thereby reducing the cost of the product.

  • More Employment

    Since GST has reduced the cost of products, the demand, for some – if not all, products have increased. With the increase in demand, to meet the increase in supply, the employment opportunitieshave started showing positive graph.

  • Increase in GDP

     

    Higher the demand, higher will be the production. This ultimately results in a higher Gross Domestic Product (GDP).

  • Reduction in Tax Evasion

    Goods and services tax is a single tax that includes various earlier taxes and has made the system efficient with fewer chances of corruption and Tax Evasion.

  • Investment Boost

    For many capital goods, input tax credit is not available. Full input tax credit under GST will mean a 12-14% drop in the cost of capital goods.

Documents

Following is the list of documents which are required for registration of GST for various business:

 

  • In case of Proprietorship

PAN Card and address proof of proprietor

  • In case of LLP
  1. PAN Card of LLP
  2. LLP Agreement
  3. Partners’ names and address proof

 

  • In case of Private Limited Company
  1. Certificate of Incorporation
  2. PAN Card of Company
  3. Articles of Association, AOA
  4. Memorandum of Association, MOA
  5. Resolution signed by board members
  6. Identity and address proof of directors
  7. Digital Signature

The following can be shown as proof of a director: –

  1. Passport
  2. PAN Card
  3. Voter Identity Card
  4. Aadhar Card
  5. Ration Card
  6. Telephone or Electricity Bill
  7. Driving License
  8. Bank Account Statement

Registration Process

 The step-by-step procedure that individuals must follow to complete GST Registration is mentioned below:

  1. Visit the GST portal (https://www.gst.gov.in/).
  2. Click on the ‘Register Now’ link which can be found under the ‘Taxpayers’ tab and Select ‘New Registration’.
  3. Fill the below-mentioned details:
  •   Under the ‘I am a’ drop-down menu, select ‘Taxpayer’.
  •    Select the respective state and district.
  •   Enter the name of the business.
  •   Enter the PAN of the business.
  •   Enter the email ID and mobile number in the respective boxes. The entered email ID and mobile number must be active as OTPs will be sent to them.
  • Enter the image that is shown on the screen and click on ‘Proceed’.
  1. On the next page, enter the OTP that was sent to the email ID and mobile number in the respective boxes.Once the details have been entered, click on ‘Proceed’.
  2. You will be shown the Temporary Reference Number (TRN) on the screen. Make a note of the TRN.
  3. Visit the GST portal again and click on ‘Register’ under the ‘Taxpayers’ menu.
  4. Select ‘Temporary Reference Number (TRN)’.Enter the TRN and the captcha details. After this, Click on ‘Proceed’.
  5. You will receive an OTP on your email ID and registered mobile number. Enter the OTP on the next page and click on ‘Proceed’.
  6. The status of your application will be available on the next page. On the right side, there will be an Edit icon, click on it.
  7. There will be 10 sections on the next page. All the relevant details must be filled, and the necessary documents must be submitted. The list of documents that must be uploaded are mentioned below:
  • Photographs
  • Business address proof
  • Bank details such as account number, bank name, bank branch, and IFSC code.
  • Authorisation form
  • The constitution of the taxpayer.
  1. Visit the ‘Verification’ page and check the declaration, then submit the application by using one of the below mentioned methods:
  • By Electronic Verification Code (EVC). The code will be sent to the registered mobile number.
  • By e-Sign method. An OTP will be sent to the mobile number linked to the Aadhaar card.
  • In case companies are registering, the application must be submitted by using the Digital Signature Certificate (DSC).
  1. Once completed, a success message will be shown on the screen. The Application Reference Number (ARN) will be sent to the registered mobile number and email ID.
  2. You can check the status of the ARN on the GST portal.

Penalty for not completing GST Registration

If you do not pay tax or pay a lesser amount than what is due, the penalty that is levied is 10% of the due amount (in case of genuine errors). However, the minimum penalty is Rs. 10,000.

If you have not registered for GST and are deliberately trying to evade tax, the penalty levied is 100% of the due tax amount.

 

How can we help in getting registration?

Some of the greatest reasons to pick us are:

  • GST Registration in Minimum fees
  • Easy to get GST registration and GST Identification Number online.
  • No troubleof compliances as we completely take control of them.
  • All your returns will be filed duly
  • Our Expert will submit documents after in-depth scrutiny of documents
  • Our legal representatives are available 24*7 to explain the whole process and clear any queries you may have.

FAQ

01. What is a GST Registration?

GST Registration of a business with the tax authorities implies obtaining a unique, 15-digit Goods and Service Tax Identification Number (GSTIN) from the GST authorities so that all the operations of and the data relating to the business can be collected and correlated. In any tax system this is the most fundamental requirement for identification of the business for tax purposes or for having any compliance verification program.

02. Why should I obtain a GST Registration?

Registration under Goods and Services Tax (GST) regime will confer the following advantages to a business:

  • Legally recognised as supplier of goods or services.
  • Proper accounting of taxes paid on the input goods or services which can be utilised forpayment of GST due on supply of goods and/or services by the business.
  • Pass on the credit of the taxes paid on the goods and/or services supplied to purchasersor recipients.
  • Authorization to a taxpayer to collect tax on behalf of the Government.

03. Do I need to register under the GST Act?

Registration under the GST Act is mandatory if your aggregate annual PAN-based turnoverexceeds INR 20,00,000 (Rupees Twenty Lakhs) however the threshold for registration is INR10,00,000 (Rupees Ten Lakhs) if you have a place of business in Arunachal Pradesh, Assam,Himachal Pradesh, Jammu & Kashmir, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura,or Uttarakhand.Regardless of your turnover, registration is mandatory if

  • You make Inter-State Supplies
  • You supply goods through an E-commerce portal
  • You are a/anService Provider
  • Agent for Registered Principal
  • Liable to Pay Reverse Charge
  • Non-resident Taxable Person
  • Casual Taxable Person
  • Input Service Distributor
  • TDS/TCS Deductor
  • E-commerce Operator
  • An online data access and retrieval service provider

04. I don’t have a Permanent Account Number (PAN). What should I do?

Before you apply for a GST Registration as a normal taxpayer, it is mandatory to obtain a PAN except for TDS registration which is possible through TAN.

05. Do I need to submit hard copies of any documents?

No, you do not as the new registration is paperless.

06. If the entire registration process is paperless, how will I sign my application?

You will sign your application using a Digital Signature Certificate (DSC) or the Aadhaar-based ESign facility. Please note DSC is mandatory for (i) Public Limited Company, (ii) Private Limited Company, (iii) Unlimited Company; (iv) Foreign Company; (v) LLP; (vi) Foreign LLP; (vii) Public Sector Undertaking.

07. Can a person without GST registration claim ITC and collect tax?

No, a person without GST registration can neither collect GST from his customers nor can claim any input tax credit of GST paid by him.

08. If a person is operating in different states, with the same PAN number, whether he can operate with a single Registration?

No, every person who is liable to take a Registration will have to get registered separately for each of the States where he has a business operation and is liable to pay GST in terms of Section 22(1) of the CGST/SGST Act.

09. If a person is operating in different states, with the same PAN number, whether he can operate with a single Registration?

No, every person who is liable to take a Registration will have to get registered separately for each of the States where he has a business operation and is liable to pay GST in terms of Section 22(1) of the CGST/SGST Act.

10. What is the Composition Scheme?

Small businesses that have an annual turnover of less than Rs 1 crore (Rs 75lakhs for NE states) can opt for Composition scheme. In GST Registration the composition dealer is required to pay nominal taxes based on the nature of business-

  • Composition dealer is required to file only one quarterly return instead of three returns filed by normal taxpayers.
  • They cannot issue taxable invoices which means they collect tax from customers and are required to pay the tax from their own pocket.
  • Business who opted for the composition scheme cannot ask for Input Tax Credit.

11. Who is exempted under GST Online Registration?

The following are exempted under GST

  • Supply agriculture produce form cultivation
  • Exempt supplies or NIL rated supply or Non- Taxable Supplies of goods or services
  • Supplies come under the Reverse charge