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GOODS & SERVICES TAX- GST REGISTRATION
@1180/-
Now is the opportune moment to operate your business with ease and compliance. Obtain hassle-free GST Registration and establish yourself as a certified provider of goods and services.
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ONLINE GST REGISTRATION
APPLY FOR GST REGISTRATION IN INDIA AT JUST RS. 1180/- (ALL INCLUSIVE)
Every business or corporation engaged in the trade of goods and services must obtain GST Registration, also known as Goods & Services Tax Registration. This registration is compulsory for businesses, companies, and firms with an annual turnover exceeding Rs. 20 lakhs (for service providers) or Rs. 40 lakhs (for goods suppliers).
For businesses involved in inter-state outward supply of goods, an Online GST Registration is mandatory. Additionally, businesses that provide taxable supplies through agents or brokers of taxable services must acquire a new GST registration.
GST Registration is an essential requirement to ensure compliance with the tax regulations and to effectively participate in the buying and selling activities while adhering to the legal obligations.
What is Goods and Services Tax?
Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. It is a value-added tax system that has replaced multiple indirect taxes such as central excise duty, service tax, VAT (Value Added Tax), etc. GST is governed by the Goods and Services Tax Act, which was implemented in India on July 1, 2017.
Under the GST system, businesses and individuals involved in the supply of goods or services are required to register and comply with the tax regulations. The tax is levied at each stage of the supply chain, with credit for taxes paid at the previous stage. This eliminates the cascading effect of taxes and aims to provide a more streamlined and transparent taxation system.
GST is categorized into Central GST (CGST) and State GST (SGST), which are levied by the central and state governments, respectively. In the case of inter-state supplies, Integrated GST (IGST) is levied by the central government.
Overall, the implementation of GST aims to simplify the taxation structure, promote ease of doing business, reduce tax evasion, and create a unified national market for goods and services.
ADVANTAGES OF GST REGISTRATION
BENEFITS OF GST REGISTRATION OVER ITS COST
LESS RESTRICTIONS ON INTER-STATE SALES
Registered suppliers can supply goods from one state to another without any hindrances by the officers or government officials
MORE COMPLIANT
Now its easy to manage invoices and pay taxes online. All the monthly or yearly returns and payment of taxes can be filed and paid online via Government portal which is developed by GSTN.
GOOD RATING BY GST DEPT.
The GST Department rates the suppliers who complies with all the provisions & file returns on a timely basis. This helps in improving credibility in the eyes of suppliers & customers
FCRA FUNDINGS
Only 12AB and 80G registered NGOs are allowed to accept International funding, with exceptions available under the Foreign Regulation Act, 2010 (FCRA).
BETTER CREDITIBLITY
It is easier for a GST registered business to get funds. Now a days, bank & other financial institutions require GST Registration for granting loans or credit to the businesses
GROWTH & STABILITY
With the help of online GST registration, more funds are available with the business, hence the growth and stability of a GST registered business is automatically ensured
TAKE INPUT TAX CREDIT
GST registered suppliers can claim ITC on purchases made from another GST registered person/entity. Thus, the purchase cost is less which leads to more profit
SINGLE REGISTRATION
GST subsumed many taxes such as excise duty, VAT, CST, Service tax, etc. Now, Suppliers need to take just a single registration under GST for manufacturing/ trading of Goods & Services
SIMPLE TAX RATES
SIMPLE TAX RATES There are only 7 rates under GST in which 4 rates (5%, 12%, 18%, 28%) are mostly used. GST eliminates the need to learn dozens of tax rates under various subsumed taxes.
Documents required for GST Registration
THIS IS ALL WE NEED FROM YOU
1. Proprietorship
- Aadhar card of Owner
- PAN card of Owner
- Passport Size Photograph of Owner
- Bank Account Details
- Address Proof of principal place of business
2. Private Limited Company/OPC/Section 8 Company
- PAN card of Company
- Certificate of incorporation given by Ministry of Corporate Affairs
- Memorandum of Association / Articles of Association
- PAN card and Aadhar card of authorized signatory. The authorized signatory must be an Indian even in case of foreign companies/branch registration
- PAN card and address proof of all directors of the Company
- Photograph of all directors and authorized signatory
- Board resolution appointing authorized signatory / Any other proof of appointment of authorized signatory
- Address proof of principal place of business- Property tax receipt/Electricity bill copy/Ownership deed (in the case of owned property)/Lease / rent agreement (in case of leased / rented property)/ NOC from the owner
3. LLP/ Partnership
- PAN card of all partners (including managing partner and authorized signatory)
- Copy of partnership deed
- Photograph of all partners and authorized signatories
- Address proof of partners (Passport, driving license, Voters identity card, Aadhar card etc.)
- Aadhar card of authorised signatory
- Proof of appointment of authorized signatory
- In the case of LLP, registration certificate / Board resolution of LLP
- Address proof of principal place of business- Property tax receipt/Electricity bill copy/Ownership deed (in the case of owned property)/Lease / rent agreement (in case of leased / rented property)/ NOC from the owner.
Mandatory Registration under GST
- Individuals/ Entities registered under the Pre-GST law like Service tax or VAT or Excise Etc.
- Entities involved in the supply of goods whose turnover in a financial year exceeds Rs 40 lakhs for Normal Category states (Rs 20 lakhs for Special Category states)
- Entities involved in the supply of services whose turnover in a financial year exceeds Rs 20 lakhs for Normal Category states (Rs 10 lakhs for Special Category states)
- Casual Taxable Person & Non-Resident Taxable person ( No fixed place of business, supplies goods & services occasionally)
- Agents of a supplier & Input service distributor
- Those paying tax under reverse charge mechanism
- E-commerce aggregator or operator
- Person who supplies via E-commerce aggregator
- Person making inter-state taxable supply of Goods
FREQUENTLY ASKED QUESTIONS
RELATED TO GST REGISTRATION PROCESS
Yes, GST is applicable to all manufacturers, traders and service providers. It extends to all dealers, bloggers, youtubers and writers, earnings from Google Ad-sense through PayPal/ Wire transfer or any other mode of payment, all kinds of startups and companies, whether they are LLPs, proprietorship firms, partnership firms or private limited companies. It also applies, regardless of the threshold limit,
1. Businesses operating outside their home state
2. Aggregators selling services under own brand name.
3. Online sellers
4. Businesses paying a reverse charge
5. A business not registered to the state
6. E-commerce operators
7. Input service distributor
8. Suppliers or agents
No. We can apply for GST registration online. So, we do not need your physical presence during the registration process. All we need is your required documents.
Yes, you can apply for GST Registration online all by yourself. GST Registration process is quite simple. Register your business on the official GST portal, fill-in all the details, attach the required documents. Then you will receive an acknowledgement. After due verification of your application by the GST Department, you will receive a login-id and password.
The exemption limit under GST is Rs. 40 lakhs for businesses in all states except for the Indian states in the north-east region. Businesses in Arunachal Pradesh, Assam, Meghalaya, Manipur, Mizoram, Nagaland, and Tripura must get a GST registration if their supply turnover exceeds Rs. 10 lakh. This threshold limit is applicable only to businesses that operates within their home state (intra-state sale/purchase). A business that conducts trade with another state (inter-state sales/purchase) have to mandatorily take registration regardless of their turnover.
An entity liable to be registered should apply for GST registration within 30 days. It is mandatory for Casual taxable persons and non-resident taxable persons to take registration under GST prior to commencing their business in India.
Small businesses having an annual turnover upto Rs. 1.5 crore (Rs.75 Lakhs for Special Category States) can opt for Composition scheme.
Composition dealers have to pay tax @ nominal rates based on the type of their business:
- Composition dealers are required to file only one return quarterly.
- They cannot issue taxable invoices, i.e., they cannot collect taxes from customers. Thus, required to pay the tax out of their own pocket.
- Composition Scheme dealers cannot claim any Input Tax Credit on their purchases.
Businesses not eligible for Composition scheme :
- Service providers
- Supplier of non-taxable goods
- Inter-state suppliers
- Manufacturer of Notified Goods
- E-commerce sellers
Only single registration is allowed against one PAN. However, businesses, which operate in more than one state must have separate registration state-wise. If the business has multiple verticals within a state, then the registration has to be required for each business vertical.
ARN stands for Application Reference Number. It is the conclusive proof, received on your mail for successful submission of the application to the GST Department. It is generated automatically after the TRN (Temporary Reference Number).
No annual charges or renewal charges are required under GST. GST Registration is only one time process, however GST return to be file every month even if no sale is conducted.
After successful submission of GST application with all the required documents to GST Department, GSTIN is allotted within 7 working days from the date of application.
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