Overview
GST Registration was introduced in India in July 2017. As per the act, it's a mixture of indirect taxes like VAT & Service tax. It is required when your turnover or sales cross more than 40 lakh rupees in a year ( 10 lakh for NE * Hill States) as per the latest amendment from 1st April 2019.
For some specific businesses, it is mandatory registration without crossing the turnover limit. for eg: E-commerce.
Application for GST Registration
Apply for it in just 4 simple steps.
Step 1: Fill out the simple application form on our website.
After filling out the application form our experts will guide you through the required documents for the process.
Step 2: Send us the documents according to your requirements.
Our experts will verify them and will guide you accordingly if any corrections will be needed.
Step 3: We will file all your forms on your behalf along with your declaration.
After verifying all the documents we will fill out your form on the GST portal provided by the government on your behalf.
Step 4: We will provide you with the GSTIN Via email
After successfully filing your form, a certificate of registration will be given to you by the department after confirmation and approval in Form GST REG-06.
Documents required for GST Registrations
For Sole Proprietorship / Individual
- Aadhaar card, PAN card, and a photograph of the sole proprietor
- Details of Bank account- Bank statement or a canceled cheque
- Own office – Copy of electricity bill/water bill/landline bill/ property tax receipt/a copy of municipal khata
- Rented office – Rent agreement and NOC (No objection certificate) from the owner.
For Partnership deed/LLP Agreement
- Aadhaar card, PAN card, and Photographs of all partners.
- Details of the Bank such as a copy of the canceled cheque or bank statement
- Own office – Copy of electricity bill/water bill/landline bill/ a copy of municipal Khata/property tax receipt
- Rented office – Rent agreement and NOC (No objection certificate) from the owner
- In the case of LLP- Registration Certificate of the LLP, a copy of the board resolution
- Appointment Proof of authorized signatory- letter of authorization
For Private Limited/Public Limited/One Person Company
- Company’s PAN card
- Certificate of Registration
- MOA (Memorandum of Association) /AOA (Articles of Association)
- Aadhar card, PAN card, a photograph of all Directors
- Details of Bank- bank statement or a canceled cheque
- Own office – Copy of electricity bill/water bill/landline bill/ a copy of municipal khata/ property tax receipt
- Rented office – Rent agreement and NOC (No objection certificate) from the owner.
- Appointment Proof of authorized signatory- letter of authorization
For HUF
- A copy of the PAN card of HUF
- Aadhar card of Karta
- Photograph
- Own office – Copy of electricity bill/water bill/landline bill/ a copy of municipal khata/ property tax receipt
- Rented office – Rent agreement and NOC (No objection certificate) from the owner.
- Details of Bank- bank statement or a copy of a canceled cheque
For Society or Trust or Club
- Pan Card of society/Club/Trust
- Certificate of Registration
- PAN Card and Photo of Promotor/ Partners
- Details of Bank- a copy of the canceled cheque or bank statement
- Own office – Copy of electricity bill/water bill/landline bill/ a copy of municipal khata/ property tax receipt
- Rented office – Rent agreement and NOC (No objection certificate) from the owner
- Appointment Proof of authorized signatory- letter of authorization
Requirement of new GST Registration
- Registered by previous law
If any individual or company is registered under the previous tax law like service tax or VAT or CST etc then they need new GST Registration.
- According to turnovers
If your business sales or turnover crosses more than 40 lakh rupees in a year. Then it requires GST Registration. For some states like North-Eastern States, J&K, Himachal Pradesh, and Uttarakhand the limit is only 10 lakh rupees in a year.
- Event or Exhibition
In the GST Act, it's called the casual taxpayer. If one doesn’t have any permanent place of business then one can apply for the casual taxpayer under the GST Registration. It’s valid for a maximum of 90 days
- Non-Resident Indian (NRI)
If you are a non-resident person of India or handling the business of NRI in India, then it’s required to apply for GST Registration Online.
- Input Service Distributor (ISD)
is a type of taxpayer under GST who needs to distribute the GST input tax credits that pertain to its GSTIN to its units or branches having different GSTINs but registered under the same PAN. This category also needs GST Registration.
- Reverse Charge Mechanism
Reverse Charge means the liability to pay tax is on the recipient of the supply of goods or services instead of the supplier of such goods or services in respect of notified categories of supply.
- E-commerce Sellers
An E-commerce seller of a leading aggregator portal like Flipkart or Amazon also needs GST Registration. An entity that provides the platform for E-commerce sellers also needs to register for GST.
- Outside India Online Portal
A software service company providing information & database access from outside India to Indian visitors then it requires to register under the GST.
Benefits
One of the advantages of GST is the end of different circuitous duties that existed before. Such a significant number of duties have been supplanted. Taxes like excise, CENVAT, sales tax, Service tax, octroi, turnover tax, and so forth are not relevant anymore and all those have come under a common tax called GST
GST applicability has brought about the elimination of double charging in the system for a typical man. Through this, the cost of goods and services has decreased & helped the basic man save more money.
GST brought the idea of “One Nation One Tax”. That undesirable rivalry that existed before among the States has profited organizations wishing to do interstate business.
From assembling to utilization, GST is pertinent at all stages. It is giving tax credit advantages at each stage in the chain. In the prior situation, at each stage, the margin used to get added and tax was paid on the entire sum. Under GST the organizations are taking advantage of Input Tax Credit and tax is being paid on the measure of value addition only. GST has diminished the cascading effect of tax thereby reducing the cost of the product.
Because GST has diminished the cost of products, the demand, for few – if not all, products has extended. With the expansion in demand, to meet the expansion in supply, the work diagram has started going up.
The higher the demand, the higher will be the production. This concludes in a higher Gross Domestic Product (GDP).
Goods and services tax is a single tax that contains multiple earlier taxes and that incorporates the system efficiently with some chances of corruption and Tax Evasion.
Manufacturing has become more aggressive with GST eliminating the descend effect of the tax, high logistics cost, and inter-state tax. Delivering competitive GST will address the descending effect of the tax, high log benefits, and inter-state tax to the businessman and consumer.
Under the GST system, 17 indirect taxes have been supplanted into a solitary tax. The expansion in product requests means higher tax revenue for the state and central government.
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