GST Registration
Our Price
Market Price : INR 1,500
Our Price : 99 Only
Savings : INR 1,401
Govt Fees : Inclusive in the price above
Time Required : 7 to 10 Working Days
Click on Below Tabs for relevant matters
Goods and Service Tax
GST (Goods and Service Tax) is tax applicable on manufacture, sales and transfer of goods and provisioning of services in India. GST is applicable on whole of India. It is the product of the biggest tax reform in India which has tremendously improved ease of doing business and increasing the taxpayer base in India by including millions of small businesses. GST has subsumed multiple applicable taxs in India e.g. Central Excise Duty, Countervailing Duty, Sales Tax, Entertainment Tax, Luxury Tax, Entry Tax, Service Tax etc.
The new GST regime mandates that all entities involved in buying or selling goods or providing services or both are required to register and obtain GSTIN if crossed prescribed turnover limit i.e. Service Provider-20 Lac, Manufacturer of Trader – 40 Lac. Registration is mandatory without any threshold limit if trader wants to associate with E-Commerce Operator.
Elegibility
1. Voluntary Registration:
GST department has allowed every person having valid proof of documents to get them registered with GST Department even without starting their business. Such type of registrations are called voluntary registration.
2. E-Commerce Platform:
Any person wants to use the services of e-commerce operators e.g. flipkart, snapdeal, ola, uber etc. is mandatorily required to get them registered under GST Laws. There is no limit of turnover for such kind of business.
3. Turnover Base Registration:
Any person or business whose turnover exceeds the prescribed thrasold limit is mandatorily required to get him registered under GST. The priscribed Limit is as follow:
The Central Government has decided to provide two threshold limit for GST registration for suppliers of goods, Rs.20 lakhs and Rs.40 lakhs. However, each of the individual State Governments must decide on the threshold limit within a week as the State’s revenue is also tied to GST. This decision will now lead to various States having different GST threshold limits overtime.
Documents for GST Registration
1. Proprietorship Firm/ Sole Proprietor/ Individual
Documents required for GST Registration of Proprietorship Firm
1. Copy of PAN
2. Copy of Adhar
3. Passport Size Photo
4. Name of firm
5. Copy of latest electricity bill (For Office Address)
6. Copy of Rent Agreement (if office is rented)
7. Consent Letter (For use of office)
8. Work List
9. Manner of Work e.g Retail, Whole sale, Import, Export etc.
2. For other type of businesses please click here…..
Procedure of GST Registration
Step- by- step Guide explaining GST Registration Process Online
The applicant can process the GST registration procedure through the GST Portal. After submission of the application, the portal generates GST ARN immediately. Using the GST ARN, the applicant can check the application status and post queries if necessary. After approval by GST Department, the taxpayer shall receive a GST registration certificate and GSTIN.
Following are the step wise guidance for GST Registration
Step 1: Go to the GST Portal
Step 2: Generate a TRN by Completing OTP Validation
Step 3: OTP Verification & TRN Generation
Step 4: TRN Generated
Step 5: Log in with TRN
Step 6: Submit Business Information
Step 7: Submit Promoter Information
Step 8: Submit Authorised Signatory Information
Step 9: Principal Place of Business
Step 10: Additional Place of Business
Step 11: Details of Goods and Services
Step 12: Details of Bank Account
Step 13: Verification of Application
Step 14: ARN Generated
Benefits of GST Registration
The year 2017 was revolutionary in terms of the structure of Indirect Taxes that was followed until then in India. It was in this year that the Goods & Services Tax or GST was introduced in the Indian economy after the Goods and Service Tax Act was passed in the Parliament in March. This moment marked the replacement of any other indirect taxes that were being levied by one uniform law across the nation.
Initially, it did cause some confusion, and since it was something very new, people could not adapt to it quickly. But, as time went by, people realised its convenience and how it stopped the imposition of different taxes on consecutive stages of the chain of supply. It’s been three years since, and people are now quite used to paying GST online.
Frequently Asked Question
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.
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 for payment 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 purchasers or recipients.
- Authorization to a taxpayer to collect tax on behalf of the Government.
Registration under the GST Act is mandatory if your aggregate annual PAN-based turnover exceeds INR 20,00,000 (Rupees Twenty Lakhs) however the threshold for registration is INR 10,00,000 (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/an
- Service 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