GST Registration
Simplifying taxation, boosting business efficiency, and fostering economic growth with seamless, transparent transactions
Home GST Registration
Simplifying taxation, boosting business efficiency, and fostering economic growth with seamless, transparent transactions
GST, the pinnacle of tax reforms in India, has replaced numerous indirect taxes. Effective since July 1, 2017, it’s a transformative, multi-stage, destination-based tax system. This levy targets value addition contributed by various intermediaries across production and selling stages. It’s a unifying force, erasing geographical barriers, simplifying the tax structure, and propelling India toward unity.
1. Cascading Effect Elimination: GST ensures seamless input tax credit flow, preventing cost escalation due to multiple taxes.
2. Simplified Returns: GST streamlines the complex tax return process, enhancing compliance for businesses.
3. Stimulating Growth: The reform encourages investments, manufacturing, and innovation, bolstering India’s economic landscape.
4. Efficient Logistics: The tax system optimizes logistics and supply chains, benefiting industries and consumers.
5. Make in India Boost: Aligned with the government's 'Make in India' initiative, GST fosters domestic production.
6. Regulating the Unorganized Sector: GST contributes to formalizing the unorganized sector, promoting transparency and accountability.
As GST reshapes India’s tax framework, it's poised to unlock growth potentials and steer the nation toward a more unified and prosperous future.
A valid mobile number and email id
Pan card , aadhaar card and a copy of latest photo of the sole proprietor
Bank statement not older than 3 months or a copy of cancelled cheque.
Copy of latest electricity bill/ water bill/ telephone bill/ property tax receipt/ copy of municipal khata
Rent agreement and no objection certificate ( NOC) from the owner.
Copy of latest electricity bill/ water bill/ telephone bill/ property tax receipt/ copy of municipal khata in the name of the owner.
A valid mobile number and email id
Partnership firms/ LLP pan card
Pan card, aadhaar card and a copy of latest photo of all the partners. A valid mobile number and email for each partners
Bank statement not older than 3 months or a copy of cancelled cheque.
Copy of partnership deed/ certificate of incorporation of LLP
Letter of authorization
Copy of latest electricity bill/ water bill/ telephone bill/ property tax receipt/ copy of municipal khata
Rent agreement and no objection certificate ( NOC) from the owner
Copy of latest electricity bill/ water bill/ telephone bill/ property tax receipt/ copy of municipal khata in the name of the owner
Mobile number and email id
Pan card of huf
Pan card, aadhaar card and a copy of latest photo of the karta of huf
Bank statement not older than 3 months or a copy of cancelled cheque.
Copy of latest electricity bill/ water bill/ telephone bill/ property tax receipt/ copy of municipal khata
Rent agreement and no objection certificate ( NOC) from the owner
Copy of latest electricity bill/ water bill/ telephone bill/ property tax receipt/ copy of municipal khata in the name of the owner
For those engaged in buying, selling goods, providing services, or both, GST registration is essential if their gross turnover (including exports and exempted services) exceeds the designated threshold.
Previous Law Converters: Entities registered under pre-GST laws like service tax, excise, and VAT.
Turnover Criterion: Businesses with turnover surpassing the threshold of 40 lakhs (20 lakhs for specific regions) are mandated to register. For service providers, the threshold is 20 lakhs (10 lakhs for specific regions).
Casual Taxpayers: Individuals conducting transactions in regions where they lack a fixed business place.
Agent of Suppliers or ISD: Agents and Input Service Distributors aiming to avail input tax credit benefits.
Non-Resident Taxable Person: NRIs or those handling NRI businesses in India.
Reverse Charge Mechanism (RCM): Businesses subject to tax payment under reverse charge mechanism.
E-Commerce Platforms and Sellers: E-commerce operators like Amazon, Snapdeal, and sellers on such platforms.
Foreign Online Portals: Suppliers of online information and database access services from outside India to Indian recipients.
Inter-State Suppliers: Businesses involved in inter-state supplies, irrespective of turnover.
TDS Deductors: Individuals deducting TDS at 1% on payments exceeding Rs. 2.5 lakhs under a contract.
Embracing GST registration brings these varied entities under its umbrella, streamlining taxation and fostering compliance.
Zero rated
0.25%
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18%
28%
A business which comes under the preview of GST and fails to get registered, the penalty is 100% of tax amount or Rs. 10,000 whichever is higher.
A Person Needs To Apply For GST Registration Within 30 Days Of Becoming Liable To Rrgistration.
A Casual Taxable Person And A Non Resident Taxable Person Must Get GST Registration At Least 5 Days Before The Commencment Of Business.
Casual Taxable Person” Means A Person Who Occasionally Undertakes Transactions Involving Supply Of Goods Or Services Or Both In The Course Or Furtherance Of Business, Whether As Principal, Agent Or In Any Other Capacity, In A State Or A Union Territory Where He Has No Fixed Place Of Business. A Casual Taxable Person Cannot Exercise The Option To Pay Tax Under Composition Levy
Availment Of Composition Scheme Is Optional
Traders, Manufacturers And Restaurant Service Providers Having An Aggregate Annual Turnover Ypto Rs 1.5 Crore In The Preceeding Financial Yearcan Register Under Composition Scheme.
Other Service Providers Can Avail Composition Scehme If Their Aagregate Annual Turnover Is Upto Rs 50 Lakhs In The Preceeding Financial Year.
No, A Taxable Person Under Composition Scheme Is Not Eligible To Claim Input Tax Credit.
In General Parlance The Supplier Needs To Charge And Pay GST. However In Certain Cases The Receiver Of Good Or Service Needs To Discharge The Tax Liability And Deposit The GST To The Exchequer Account. This Is Called Reverse Charge.
The Government Of India Has Notified A List On Which GST Is To Be Paid By Recipient Of Service. Generally Whn A Registered Person Receives Supplies As Notified By The Government From A Non Registered Person, The Registered Person Has To Dischrge GST Under Reverse Charge.
Hsn Stands For Harmonized System Nomenclature. It Is Internationlly Accepted Goods Classification System And It Consists Of 6 Digits.
Under GST Entities Having Turnover Of Less Than Rs 1.5 Crore Are Not Required To Mention Any Hsn Code. Entities Having Turnover Between 1.5- 5 Crore Are Rquired To Mention First 2 Digit Of Hsn And Entities Having Turnover Of More Than Rs 5 Crore Required To Give 5 Digit Hsn Code.
Similarly In Case Of Services Entities Are Required To Mention Service Accounting Code (Sac)
Hsn Or Sac Will Be Selected As Per The Product Or Service Dealt In By The Taxpayer. Our Experts Will Guide On Chosing The Crrect Hsn Or Sac Code Based On The Taxpayers Business.
No,Under GST Centralized Registration Cannot Be Taken. If An Entity Operates From More Than One State Then In Each State Separate Registration Is Required.
GST Registration Is Not Required If The Turnover Criteria Is Not Met, Except For In The Following Situations:-
No, An Unregistered Person Cannot Collect Gs
“Aggregate Turnover” Means The Aggregate Value Of All Taxable Supplies (Excluding The Value Of Inward Supplies On Which Tax Is Payable By A Person On Reverse Charge Basis), Exempt Supplies, Exports Of Goods Or Services Or Both And Inter-State Supplies Of Persons Having The Same Permanent Account Number, To Be Computed On All India Basis But Excludes Central Tax, State Tax, Union Territory Tax, Integrated Tax And Cess.
Primary Authorized Signatory Is Person Who Is Primarily Repsonsible To Act On Behalf Of The Taxpayer. For Example In Case Of A Company A Director Or Any Person Nominated By The Company Can Be A Primary Authorzed Signatory.
Yes, A Nil GST Return Needs To Be Filed.
Yes, In Certain Cases GST Registration Can Be Cancelled.
Voluntary Cancelation: When The Tax-Payer Voluntarily Cancels His Or Her GST Registration.
When He/She Has Reasons To Believe That In The Current Financial Year, The Annual Turnover Will Be Less Than Rs. 40/20 Lakh, The Business Operations Have Ceased To Exist Or Have Done Amalgamation Or Any Other Arrangement.
When The GST Officer Uses His Power And Cancels The Certificate Of The Tax-Payer. It May Be Because Of The Below Reasons –
If The Tax-Payer Is Not Doing Business From His/Her Notified Registered Place,
If The Tax-Payer Issues A Tax Invoice Without Making The Supply Of Goods Or Services.
By Legal Heirs In Case Of Death Of Taxpayer
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