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GST Registration India Packages

STANDARD

₹ 4499/- (All Inclusive)
  •  
  • GST Registration for Proprietorship or Partnership or LLP or Private Limited Company

ENHANCED

₹ 9999/- (All Inclusive)
  •  
Popular
  • GST Registration for Proprietorship or Partnership or LLP or Private Limited Company
  • GST Returns for first three months (upto 10 entries)

PREMIUM

₹ 14999/- (All Inclusive)
  •  
  • GST Registration for Proprietorship or Partnership or LLP or Private Limited Company
  • GST Returns for one year (upto 100 entries)

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GST Registration in India

Unveiling Goods and Services Tax (GST) Registration

Goods and Services Tax (GST) Registration introduces a comprehensive approach to indirect taxation, merging tax policies like VAT, CST, Service Tax, Central Excise duty, and Entertainment Tax into a single framework. This integrated tax system began in India on July 1, 2017, signifying a revolutionary change in the nation's tax structure.

Eligibility and Responsibility for GST Registration

Compulsory GST Registration arises when a business's annual turnover exceeds INR 40/20 lakh or when it engages in inter-state supply of goods and services or E-commerce transactions. This ensures businesses reaching a certain scale and those functioning across state boundaries contribute adequately to the taxation system.

Decoding GST Tax Rates

The GST tax landscape encompasses an array of goods and services, each assigned a distinct tax rate ranging from 0% to 28%, based on their attributes. This multi-tiered approach ensures equitable taxation resonating with economic value tied to different products and services.

Harnessing Input Tax Credit within GST

Entities that have undergone GST Registration can leverage the advantages of input tax credit when filing GST returns. This mechanism empowers businesses to offset tax paid during the procurement of goods or services against their tax liability. This streamlines the taxation process and fosters commitment to the formal economy.

Procedural Facets: Return Filing and Tax Payment

Integral to GST Registration is adhering to the timeline for filing returns and making tax payments. GST registrants must file three returns monthly/quarterly, plus an annual return. Alongside return filing, entities need to fulfill monthly tax responsibilities, ensuring steady revenue inflow for developmental endeavors.

Who can apply for Registration?

In India, various individuals, businesses, and entities are eligible to apply for GST registration. The criteria for GST registration in India are as follows:

Businesses in the merchandise sector are obligated to register under GST when their aggregate annual turnover exceeds Rs. 40 lakhs.

Service providers, both within and outside their respective states, must obtain GST registration once their aggregate annual turnover reaches Rs. 20 lakhs.

In North Eastern and Hilly states, all businesses are subject to mandatory GST registration when their aggregate annual turnover crosses Rs. 10 lakhs.

E-commerce aggregators and businesses operating on e-commerce platforms fall under this mandatory registration requirement.

Casual taxpayers, Non-Resident Indians (NRI), Importers, and Exporters are also among those who must register for GST, regardless of their turnover.

Taxpayers operating under the GST Reverse Charge Mechanism are mandated to obtain GST registration.

Input service distributors, essential for distributing input tax credit in complex business structures, also fall within the ambit of mandatory GST registration.

Even taxpayers registered under the older tax regime must transition into GST when their turnover exceeds the specified threshold.

Businesses engaged in Inter-state supplies of merchandise are obligated to register under GST to ensure accurate taxation of cross-border transactions.

Service providers engaged in offering information and databases online are also required to register for GST, contributing to the digital economy's growth.

Voluntary Registration Even if you don’t meet the turnover threshold or the mandatory registration requirements, you can choose to register for GST on a voluntary basis. This means that you can benefit from GST, claim GST input tax credits and meet the tax requirements on a voluntary basis.

Detailed Procedure

The procedure for GST registration in India involves several steps. Here is a detailed overview of the process.

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Visit the GST Portal
Go to the official GST portal at www.gst.gov.in.
Click on "Register Now"
On the GST portal's homepage, click on "Register Now" under the "Taxpayers" section.
Fill the Registration Application Form
Choose the appropriate option for the taxpayer type (e.g., Normal taxpayer, Composition taxpayer, etc.). - Provide your personal details, including name, PAN, email address, and mobile number. - Verify your email address and mobile number through OTP (One-Time Password).
Submit the Application Form
Fill out the registration application form with accurate details. - Enter the necessary business information, such as the legal name, principal place of business, additional places of business, and details of partners, directors, or proprietors. - Select the appropriate business constitution and upload supporting documents, such as PAN card, proof of address, photographs, and bank account details.
Verification and Clarifications
Once the application is submitted, it undergoes verification by the GST officer. - If any additional information or documents are required, you may receive a notice or query from the officer. - Respond to the notice or query within the stipulated time, providing the necessary information and documents.
GSTIN Allocation
After successful verification, you will be assigned a unique Goods and Services Tax Identification Number (GSTIN). - The GSTIN is a 15-digit alphanumeric number that serves as a unique identifier for your business under the GST regime.
Additional Registrations
In certain cases, you may need to apply for additional registrations, such as Registration as a Tax Deductor or Tax Collector at Source (TDS/TCS), Non-Resident Taxable Person, Input Service Distributor, etc.
Download the GST Registration Certificate
Once the GSTIN is allocated, you can download the GST registration certificate from the GST portal. - The registration certificate contains important details, such as the legal name of the business, GSTIN, effective date of registration, and the type of registration.
Compliance and Filing:
After obtaining GST registration, ensure compliance with various GST rules and regulations. - Maintain proper records of invoices, purchase records, and other relevant documents. - File regular GST returns within the specified due dates. - Pay taxes on time and adhere to other compliance requirements.

Documents Checklist

The documents checklist for GST (Goods and Services Tax) filing may vary depending on the specific requirements and nature of your business. However, here is a general checklist of documents that are commonly required for GST filing:

 

  • PAN card of the applicant (Proprietor, Partners, Directors, or Authorized Signatories).
  • Aadhaar card, voter ID card, passport, or any other government-issued identity proof.
  • Proof of address, such as electricity bill, rent agreement, property tax receipt, or any other valid address proof.
  • Photographs: Passport-sized photographs of the applicant (Proprietor, Partners, Directors, or Authorized Signatories).
  • Proof of Business Address: Documents verifying the business address, such as ownership documents, rent agreement, lease agreement, or any other address proof.
  • Bank Account Details: Scanned copy of a canceled cheque or bank statement reflecting the name of the account holder, bank name, branch address, and account number.
  • Business Registration: For a proprietorship: Self-declaration or partnership deed (if applicable).
    - For a partnership firm: Partnership deed.
    - For a company: Certificate of incorporation, Memorandum of Association (MOA), and Articles of Association (AOA).
    - For a society or trust: Registration certificate and constitution documents.
  • Additional Documents: Digital Signature Certificate (DSC) of authorized signatories (if applicable). - Letter of Authorization or board resolution for authorized signatories. - Non-resident Indian (NRI) proof (if applicable). - Other specific documents related to the nature of the business, such as licenses, NOCs, or registrations required for particular industries or sectors.

Merits of GST Filing

There are several merits or advantages of GST registration for businesses. Here are some key benefits:

 

Legally Recognized Business

The Goods and Services Tax (GST) registration allows your business to be legally recognised as a seller of products or services. It strengthens your brand image and helps build trust with your clients and other stakeholders.

Increased Competitiveness

GST registration enables you to compete with registered businesses. An unregistered business is unable to collect GST from its customers, which puts it at a disadvantage on the market.

Seamless Input Tax Credit (ITC)

GST registration allows you to claim an input tax credit. An input tax credit allows you to deduct taxes on inputs or purchases from the taxes collected on output or sales. This eliminates the tax ‘catch-up’ effect and reduces your overall tax liability.

Expansion Opportunities

GST registration gives you the opportunity to grow your business. You will be able to participate in government tender processes, enter into business deals with registered entities and avail of various government benefits and incentives.

Access to Input Suppliers and Service Providers

Businesses that are registered can use services or buy products from other registered businesses, which helps with compliance and minimizes the risk of working with suppliers that are not registered or not compliant.

Cost Savings with GST

With the integration of GST, the cascading impact of multiple VATs and taxes has been eradicated, leading to lower costs for products and services.

FAQ's

Businesses whose annual turnover exceeds the prescribed threshold limit (Rs. 40 lakhs for suppliers of goods and Rs. 20 lakhs for service providers) are required to register for GST. Additionally, certain businesses are mandatorily required to register, irrespective of their turnover, such as inter-state suppliers, e-commerce operators, and input service distributors.

Yes, even if your turnover does not exceed the threshold limit, you can voluntarily register for GST to avail the benefits, claim input tax credits, and comply with the tax requirements.

 The common documents required for GST registration include PAN card, proof of identity and address, photographs, proof of business address, bank account details, and relevant business registration documents (such as partnership deed, incorporation certificate, etc.). However, the specific document requirements may vary based on the type of business.

 

The GST registration process usually takes around 7 to 10 working days, provided that all the required documents and information are submitted accurately. However, the actual time may vary depending on the workload of the authorities and the complexity of the application.

Yes, the GST registration process is done online through the GST portal (www.gst.gov.in). You need to create an account, fill out the application form, upload the required documents, and complete the verification process online.

 No, there is no fee for GST registration in India. The registration process is free of cost. However, certain ancillary services provided by GST practitioners or facilitation centers may have a fee associated with them.

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