GST REGISTRATION SEVA

GSTRegistrationAndCertificate

GST Registration

Market Price – Rs: 5,899 

OnlineTaxSeva Price- Rs: 2,599 (All Inslusive)

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Documents required For GST Registration

Electricity Bill
Latest electricity bill for the premises where GST registration is applied for
Telephone Bill

Latest telephone bill for the premises where GST registration is applied for in some states
Property Tax Receipt

Latest property tax receipt for the premises where GST registration is applied for

GST Registration

WHAT IS GST Registration?

GST registration is a process that enables a business to register itself under the Goods and Services Tax (GST) regime. GST is a unified tax system that has replaced multiple indirect taxes levied by the central and state governments in India. GST registration is mandatory for businesses with an annual turnover of more than Rs. 20 lakh.

Once a business is registered under the GST regime, it is assigned a unique Goods and Services Tax Identification Number (GSTIN). The GSTIN is a 15-digit number that identifies the business and is used for all GST-related transactions.

The process of GST registration can be done online through the GST portal. The applicant is required to provide basic information about the business, such as its name, address, PAN number, bank details, and business type. Once the application is submitted, it is verified by the GST authorities, and if everything is in order, the applicant will receive the GSTIN and can start doing business under the GST regime.

GST registration is a necessary process for businesses operating in India, and it provides businesses with a unique GSTIN that is required for all GST-related transactions. Failure to register can lead to penalties and legal consequences, and businesses with GST registration are eligible to claim input tax credits, which can be used to reduce their tax liability.

Types of GST Registration:
 
There are different types of GST registration available in India, and they are as follows:

  1. Regular GST Registration: Regular GST registration is for businesses with an annual turnover of more than Rs. 20 lakh. It is mandatory for such businesses to register under GST.

  2. Composition Scheme GST Registration: The Composition Scheme is a simplified tax scheme for small businesses with an annual turnover of up to Rs. 1.5 crore. Under this scheme, businesses have to pay tax at a lower rate, and compliance requirements are simplified.

  3. Non-Resident GST Registration: Non-resident GST registration is for businesses that do not have a physical presence in India but are supplying goods or services to customers in India.

  4. Casual Taxable Person GST Registration: Casual taxable person GST registration is for businesses that supply goods or services on a temporary or occasional basis in a taxable territory.

  5. GST Registration for Input Service Distributor: An Input Service Distributor (ISD) is a business that receives invoices for services used by its branches or offices and distributes the input tax credit to them. Such businesses are required to register under GST as an ISD.

  6. GST Registration for TDS Deductor: GST registration for TDS deductor is for businesses that are required to deduct tax at source (TDS) on payments made to suppliers.

  7. GST Registration for E-commerce Operators: E-commerce operators are required to register under GST if they facilitate the supply of goods or services through their platform.

In summary, GST registration is mandatory for businesses with an annual turnover of more than Rs. 20 lakh, and there are different types of GST registration available, depending on the business’s nature and turnover. The types of GST registration include regular GST registration, composition scheme GST registration, non-resident GST registration, casual taxable person GST registration, GST registration for input service distributor, GST registration for TDS deductor, and GST registration for e-commerce operators.

ELIGIBILITY CRITERIA OF GST REGISTRATION:

The following are the eligibility criteria for GST registration in India:

  1. Annual Turnover: Businesses with an annual turnover of more than Rs. 20 lakh are required to register under GST. For businesses in certain states, the threshold limit is Rs. 10 lakh.

  2. Inter-State Supply: Businesses engaged in inter-state supply of goods or services are required to register under GST, irrespective of their turnover.

  3. E-commerce Operators: E-commerce operators are required to register under GST if they facilitate the supply of goods or services through their platform.

  4. Casual Taxable Persons: Casual taxable persons are required to register under GST if they supply goods or services on a temporary or occasional basis in a taxable territory.

  5. Non-Resident Taxable Persons: Non-resident taxable persons who supply goods or services in India are required to register under GST.

  6. Input Service Distributors: Input Service Distributors (ISDs) are required to register under GST to distribute the input tax credit to their branches or offices.

  7. TDS Deductors: Businesses that are required to deduct tax at source (TDS) on payments made to suppliers are required to register under GST.

In summary, the eligibility criteria for GST registration include businesses with an annual turnover of more than Rs. 20 lakh, businesses engaged in inter-state supply, e-commerce operators, casual taxable persons, non-resident taxable persons, Input Service Distributors (ISDs), and TDS deductors.

GSTIN
 
GSTIN stands for Goods and Services Tax Identification Number. It is a unique 15-digit identification number assigned to every registered dealer or taxpayer under the Goods and Services Tax (GST) system in India. GSTIN is used for filing GST returns, claiming input tax credit, and other GST-related purposes. The first two digits of the GSTIN represent the state code, the next ten digits represent the PAN of the taxpayer, the thirteenth digit indicates the number of registrations an entity has within a state, the fourteenth digit is “Z” by default, and the fifteenth digit is a check code.

Downloading GST Registration Certificate and Information on GST Registration:

GST Certificate A document issued to those registered under GST, which must be displayed prominently at their place of business.
Downloading GST Certificate Can be easily downloaded via the GST Portal by logging in to the account and accessing User Services, followed by clicking on View/Download Certificate.
Registering for GST through IndiaFilings The process takes less than 7 working days and begins with providing your name, phone number, and email.
Obtaining GST Registration through IndiaFilings An expert will reach out to you to understand your business activity, the state of operation, and collect/verify necessary documents. After payment initiation, IndiaFilings will upload the application into the GST Portal, and GST registration is typically obtained within 3-7 working days.
Voluntary GST Registration Any person or entity that wants to supply goods or services can voluntarily register for GST, regardless of business turnover. It can provide benefits such as Input Tax Credit and GST bill issuance to customers.
Penalty for Non-Compliance Anyone who crosses the aggregate turnover limit must obtain GST registration within 30 days or face a penalty of Rs. 10,000 and loss of input tax credit during the delay period.
Documents Required for GST Registration:

The following are the documents required for GST registration in India:

  1. PAN card of the business entity

  2. Aadhaar card of the authorized signatory

  3. Proof of business registration such as partnership deed, certificate of incorporation, etc.

  4. Address proof of the place of business such as rent agreement, electricity bill, property tax receipt, etc.

  5. Bank account statement or canceled cheque of the business entity

  6. Digital signature certificate (DSC) of the authorized signatory

  7. Photographs of the authorized signatory

  8. For proprietorship, the proprietor’s PAN card and Aadhaar card

  9. For partnership, the partnership deed and PAN card and Aadhaar card of all partners

  10. For companies, the memorandum of association, articles of association, and board resolution authorizing the authorized signatory to apply for GST registration.

 Benefits of GST Registration
 There are several benefits of GST registration for businesses in India:

  1. Legitimacy: GST registration provides legitimacy to a business, making it recognized as a legal entity and allowing it to conduct business activities in a transparent manner.

  2. Input Tax Credit: Businesses that are registered under GST can claim input tax credit on purchases made for business purposes. This means that the tax paid on goods and services used for business activities can be deducted from the tax liability.

  3. Access to Larger Market: GST registration enables businesses to access a larger market and sell their goods and services across India without any restrictions.

  4. Compliance: GST registration makes businesses comply with the legal requirements of the tax regime, reducing the risk of penalties and fines for non-compliance.

  5. Competitive Advantage: GST registration can provide a competitive advantage to businesses over their unregistered counterparts, as it can make them more attractive to potential customers, partners, and investors.

  6. Ease of Doing Business: GST registration simplifies the tax structure and eliminates the cascading effect of taxes, making it easier for businesses to comply with the tax laws and file returns.

  7. Government Contracts: GST registration is a pre-requisite for businesses to participate in government tenders and contracts.

 
 
 
 
 
 

GST Registration FAQ’s

What is an E-way bill? 

An E-way bill is an electronic document that serves as evidence of the movement of goods having a value of more than Rs. 50,000. It is available to a supplier or an individual transporting goods. It has two components: Part A with details such as the GSTIN of the supplier and recipient, place of delivery, value of goods, HSN code, reason for transportation, and Part B with details of the vehicle and transport documents.

What are the benefits of an Eway bill?

It is a wholly digital interface that eliminates the need for state boundary checks. It will facilitate faster movement of goods and improve the turnaround time of trucks, thus reducing costs for the supplier.

When should an e-way bill be generated? 

As per rule 138 of the CGST Rules, 2017, an e-way bill has to be generated prior to the commencement of the transport of goods.

Is it mandatory to generate an e-way bill? 

It is mandatory to generate an E-way bill in all cases wherein the value of consignment is more than Rs. 50,000. However, it is not necessary to generate one wherein the goods are being transported by a non- motorized conveyance or if they are being transported from the port, airport, air cargo complex, and land customs station for clearance by customs.

What is the penalty for not generating an E-way bill? 

Any taxable person who transports any goods without the cover of specified documents (e-way bill is one of the specified documents) shall be liable to pay a penalty of Rs. 10,000 or the amount of tax sought to be evaded (whichever is higher).

What is a GST certificate in India? 

A Goods and Services Tax (GST) certificate is a document issued by the Indian government that certifies that a business is registered with the Goods and Services Tax (GST) system. It is a unique identification number that is used to identify a business for taxation purposes in India.

Who needs GST certificate? 

Any business that is registered for GST with the Indian government must have a GST certificate. This applies to both online and offline businesses.

Is GST certificate compulsory? 

Yes, in India, businesses must obtain a GST certificate in order to be registered for GST. Without a GST certificate, businesses will not be able to charge GST on the goods and services they sell.

What is the minimum limit for GST registration? 

Businesses with an annual turnover of more than Rs. 40 lakhs are required to register for GST. However, this limit is lower for businesses in certain special category states, such as Arunachal Pradesh, Manipur, and Nagaland. Also, there are different rules for businesses involved in e-commerce, which may have to register for GST regardless of their turnover.

Can a person with no GST registration collect GST? 

No, only persons registered under GST are allowed to collect GST from the customers. A person not registered under GST cannot even claim the input tax credit on the GST paid.

What is a Composition scheme? 

Small businesses registered under the GST composition scheme can pay GST at a fixed rate of turnover every quarter and file quarterly GST returns. The composition levy would generally be related to small taxpayers who are supplying goods and services or both to the end consumer with a lower turnover.

What are the eligibility criteria for the Composition scheme? 

Any existing taxpayer whose annual turnover did not cross the Rs.1.5 crore threshold in the preceding financial year can opt for the Composition scheme. However, service providers with the exception of restaurants and caterers are not eligible, neither are casual taxable persons nor non-resident Indians.