GST-Registration

GST Registration

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Our Package includes the followings:

GST Registration

Any Government fee, if applicable shall be paid by you directly for which we will share the challan.
Rs.1000/-
Rs.900/-

About GST-Registration

The Goods and Service Tax is the biggest indirect tax reorganization which balances in all the other taxes into one single tax structure. Under GST Rule, the goods and services are now taxed under a single law being Goods and Service Tax Laws.

The new GST rule mandates that all entities involved in buying or selling goods or providing services or both are required to register and obtain GSTIN. Registration is mandatory once the entity crosses a minimum threshold turnover or when an individual starts a new business that is expected to cross the prescribed turnover.

If any service provider crosses the annual service value of more than Rs. 20 Lakhs aggregate in a year then it is required to obtain GST registration. However, In the special category states, this limit is Rs. 10 lakhs. Further, if any entity is supplying goods and crosses aggregate turnover of Rs. 40 lakhs then it is required to obtain GST registration. However, In the special category states, this limit is Rs. 10 lakhs

(Special States includes- (a) Arunachal Pradesh, (b) Assam, (c) Sikkim, (d) Meghalaya, (e) Tripura, (f) Mizoram, (g) Manipur, (h) Nagaland, and (i) Himachal Pradesh.)

Those entities who supply Goods and services online have to register themselves under Goods & Service Tax irrespective of Turnover. Any individual undertaking supply of goods, services seasonally through a temporary stall or shop have to register themselves under Goods & Service Tax irrespective of Turnover. Any entity/Individual can obtain GST registration voluntarily

The GST registration in India is completely an online process and can be obtained through GST portal www.gst.gov.in. There are no charges levied by the government for GST Registration.

The registration in GST is PAN based and State specific. Supplier has to register in each of such State or Union territory from where he affects supply. In GST registration, the supplier is allotted a 15-digit GST identification number called GSTIN and a certificate of registration. The first 2 digits of the GSTIN is the State code, next 10 digits are the PAN of the legal entity, the next two digits are for entity code, and the last digit is the check sum number. Registration under GST is not tax specific which means that there is single registration for all the taxes i.e., CGST, SGST/UTGST, IGST and cesses.

Documents Required

  Latest Photographs
  Self-attested scanned copy of PAN Card & Aadhaar Card.
  For Bank account details- a Copy of Cancelled Cheque/Copy of Bank Statement/Copy of Passbook.
  Copy of electricity bill/landline bill/water bill.
  Copy of Rent agreement and No objection certificate (NOC) from the owner (if rented)
  Copy of Partnership Deed/ Certificate of incorporation/ Registration Certificate of the Society/ Copy of the Trust Deed

Benefits of GST-Registration

Input tax credit:

Once the supplier of goods or services has obtained the GST Registration, he can take credit of the GST paid to the previous supplier.

Simplified and permanent registration:

The GST registration in India is completely an online process and can be obtained through GST portal www.gst.gov.in. There are no charges levied by the government for GST Registration. The registration granted is permanent registration without any renewal requirement.

Legally recognized as Supplier:

With compulsory or voluntary registration under GST, the supplier is legally eligible to collect the taxes. The voluntary registrant also gets equal status and responsibilities of the taxpayer registered under the mandatory criteria. With the said registration, the registrant can also issue pakka invoice to the consumers.

Easy compliance requirements:

Upon registration, every registrant is liable to fulfil compliance in the form of return filing in a periodical manner. These compliance requirements are simplified under the GST regime. It is also proposed to simplify the compliance through single return filing from multiple filings. A regular taxpayer would be awarded a higher GST Compliance rating as compared to others.

Frequently Asked Questions (FAQs)

 

Yes. PAN is mandatory for obtaining GST registration. In the case of proprietorship, the PAN of the proprietor can be used. In case of LLP/Company/Trust, PAN must first be obtained for the entity.
GST registration does not have an expiry date. Hence, it will be valid until its cancelled, surrendered or suspended.
Inter-state supply of goods or service is when the supply location is a different state from the delivery location. In addition, the inter-state supply applies to the supply of goods or services by an SEZ unit or the export of goods or services.
An intra-state supply of goods or service applies when the place of supply is in the same state as the location of the supplier. Intra-state supply does not include the supply of goods/service to SEZ units or developers, imports or exports.
The supplier of Goods and Services is required to apply for GST registration in the state from where the taxable goods or services are supplied, mentioning the place(s) of business. When the places of Business are situated in more than one state, application of GST shall be made from more than one place.
No, a person cannot apply for a single GST Registration. A person has to apply for separate GST Registration for every state from which he/she is carrying out the operations, whether under the same name or different. The same applies to a person having the same PAN and operating business from different states.
Once the application is made for registration under Goods & Service Tax Act, the competent officer shall verify the application submitted and to his/her satisfaction, the officer issues the Certificate of Registration in soft copy mentioning the GSTIN allotted.
There are no government fees for GST registration.
Every person registered under GST, whether mandatorily or voluntarily, shall file the requisite GST Returns in the manner prescribed and within the time limit prescribed for the same.
Payment for the tax or any penalty, fees, etc. shall be made via any of these payment modes: Internet Banking NEFT or RTGS This amount shall be credited to the electronic cash ledger of the registered dealer.
Every e-commerce operator engaged in facilitating the supply of taxable goods/services shall collect the tax at source at the time of credit or at the time of payment, whichever is earlier.