GST Registration

GST Registration is a mandatory tax registration for all businesses who are involved in buying and selling with an annual sales exceeding Rs. 40 lakhs (Rs. 10 lakhs for North-Eastern and Hilly States). 

How Does GST Registration Work For You?

Any business offering sale of goods with annual turn over of 40 lacs or service with annual
turn over of 20 lacs would require the registration for GST and have a valid GST Number.

We help you get a Secure GST identification Number.
Step 1

We make it easy for you to get your GST from the comfort of your own home.
Step 2

We will file your returns and complete all other compliances as and when required.
Step 3

Benefits of GST Registration

Types of GST Registration

Compulsory Registration

This involves a type of registration where the dealer must register irrespective of the turnover. For eg. e- commerce operator, e-commerce seller etc.

Voluntary Registration

When a business that does not apply for compulsory registration, can apply for voluntary registration under GST.

Registration under Composition Scheme

This involves registration where the aggregate turnover exceeds the threshold limit of Rs. 40 lakhs for goods or Rs. 20 lakhs but it should not exceed Rs. 1.5 crore. Under this scheme the taxpayer has to pay on the fixed rate of interest of the turnover.

No Registration

  1. The following persons do not require GST Registration:
  2. The business having turnover not exceeding Rs. 40 lakhs for goods and Rs. 20 lakhs for services.
  3. The businesses that do not fall under the category of compulsory registration.
  4. The businesses offering goods or services that are exempted under the GST.
  5. Agriculturists for the supply of crops produced from the cultivation of land.

Components of GST

There are three components under the GST regime:

  1. CGST – CGST is Central Goods and Service Tax, it is collected by the Central Government on a sale within the state. For eg. a sale happening from Pune to Mumbai, CGST will be levied as the transaction happened within Maharashtra.
  1. SGST – SGST is State Goods and Service Tax, it is collected by the State Government on a sale within the state. For eg. a sale happening from Pune to Mumbai, SGST will be levied by the state as the transaction happened within Maharashtra.
  1. IGST – IGST is the Integrated Goods and Service Tax, it is the tax collected by the Central Government for an inter-state sale. For eg. a sale happening from Maharashtra to Karnataka will attract IGST.

Why do we need GST?

Goods and Service Tax is a regime of indirect taxation that has mitigated the double taxation rule in India. In this structure, central and state tax are mitigated into one so that the cascading and multiplicity of taxes could be prevented.

Procedure for GST Registration

  1. A form, GST REG-01 has to be filled, PAN, e-mail id and mobile number has to be submitted.
  2. The applicant will receive a one-time password (OTP), once the PAN is verified.
  3. Once the mobile number and e-mail id is verified, save the reference number (ARN) for further clarifications.
  4. After this, put in your ARN number and the documents required.
  5. If there is some additional information, fill it in the automatically generated GST REG-03 form.
  6. After the completion of the process, a GST registration certificate will be issued within 3 working days.

Checklist (Documents required) - Documents Required For GST Registration

Sole proprietor / Individual

  • PAN card of the owner
  • Aadhar card of the owner
  • Photograph of the owner (in JPEG format, maximum size – 100 KB)
  • Bank account details
  • Address proof

Partnership firm (including LLP)

  • PAN card of all partners (including managing partner and authorized signatory)
  • Copy of partnership deed
  • Photograph of all partners and authorized signatories (in JPEG format, maximum size – 100 KB)
  • 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
  • Bank account details*
  • Address proof of principal place of business**
  • HUF
  • PAN card of HUF
  • PAN card and Aadhar card of Karta
  • Photograph of the owner (in JPEG format, maximum size – 100 KB)
  • Bank account details*
  • Address proof of principal place of business**

Company (Public and Private) (Indian and foreign)

  • 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 authorised 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 authorised signatory (in JPEG format, maximum size – 100 KB)
  • Board resolution appointing authorised signatory / Any other proof of appointment of authorised signatory (in JPEG format / PDF format, maximum size – 100 KB)
  • Bank account details

Address proof of principal place of business

FAQs

GSTIN is the GST Identification Number, assigned to every registered person.

GSTIN registration is free of cost.

Aggregate turnover does not include value of inward supplies on which tax is payable on reverse charge basis.

Some commodities are kept outside the purview of GST like alcohol for human consumption, electricity and temporarily five products of petroleum i.e. petroleum crude, motor spirit, high speed diesel, natural gas and aviation turbine fuel. All these commodities will be counted in the VAT & Central Excise.

The CBIC vide a notification has announced that a person who wants to opt for Composition Scheme for the year 2020-21 can opt till 30th June, 2020 instead of 31st March, 2020.

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