GST Registration
₹999
What is GST Registration
In the GST Regime, businesses whose turnover exceeds Rs. 40 lakhs* (Rs 10 lakhs for NE and hill states) is required to register as a normal taxable person. This process of registration is called GST registration.
For certain businesses, registration under GST is mandatory. If the organization carries on business without registering under GST, it will be an offence under GST and heavy penalties will apply.
GST registration usually takes between 4-7 working days. We’ll help you to register for GST in 3 easy steps.
Who Should Register for GST?
Individuals registered under the Pre-GST law (i.e., Excise, VAT, Service Tax etc.)
Businesses with turnover above the threshold limit of Rs. 40 Lakhs* (Rs. 10 Lakhs for North-Eastern States, J&K, Himachal Pradesh and Uttarakhand)
Casual taxable person / Non-Resident taxable person
Agents of a supplier & Input service distributor
Those paying tax under the reverse charge mechanism
Person who supplies via e-commerce aggregator
Every e-commerce aggregator
Person supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered taxable person
Documents Required for GST Registration
PAN of the Applicant
Aadhaar card
Proof of business registration or Incorporation certificate
Identity and Address proof of Promoters/Director with Photographs
Address proof of the place of business
Bank Account statement/Cancelled cheque
Letter of Authorization/Board Resolution for Authorized Signatory
LET'S CLEAR ALL THE DOUBTS!
Is GST registration mandatory?
Yes, you are required to obtain GST registration once your turnover exceeds the specified threshold limits. But when selling online it is mandatory to get GST registered to complete seller registration process.
Can I apply for multiple GST registrations?
If a business operates from more than one state, the taxpayer should obtain a separate GST registration for each state. For instance, If an Electronic company sells in Delhi and Tamil Nadu, he has to apply for separate GST registration in Delhi and Tamilnadu respectively.
Can I apply for multiple registrations within a state?
Yes, a business can apply for any number of GST registrations within a state. The procedure of allocating multiple GST registrations only for different business verticals within a state has been removed for ease of business.
Who can Register for the Composition scheme under GST?
Small taxpayers who wish to have lesser compliances to deal with and lower rates of taxes under GST, can opt for the Composition scheme,
A trader whose aggregate turnover is below Rs 1.5 crore can opt for the Composition scheme. In the case of North-Eastern states and Himachal Pradesh, the present limit is Rs.75 lakh.
Also, the government extended the Composition scheme to service providers having an aggregate turnover of up to Rs.50 lakhs.
What turnover should be considered for GST registration threshold limit?
Aggregate turnover should be taken into consideration to calculate turnover. Aggregate turnover means the aggregate value of all taxable supplies excluding inward supplies liable to reverse charge, but including exempt supplies, exports of goods or services or both and inter-state supplies of persons having the same PAN, to be computed on an all-India basis. It is to be noted that CGST, SGST, UTGST, IGST and cess should be excluded while calculating aggregate turnover.
What are the benefits of registering under GST?
A. For normal registered businesses:
Take input tax credit
Conduct interstate business without restrictions
B. For Composition dealers:
Limited compliance
Lesser tax liability
Less impact on working capital
C. For businesses that voluntarily opt-in for GST registration (Below Rs.40 lakhs*)
Avail input tax credit
Conduct interstate business without restrictions
Easily register on online & e-commerce websites
Get a competitive advantage compared to other businesses