GST Registration

GST Registration

One Country, One Tax - GST

India has implemented the products and Services Tax (GST) under the principle of “One Nation One Tax.” In 2017, India implemented the GST structure, which was the foremost significant change to the country’s tax structure in decades. With a unified GST platform, India has merged central taxes (sales tax and excise duty tax excluding petroleum and alcoholic products and repair tax) and state-level taxes (VAT excluding petroleum and alcoholic products, entry tax, tax, and luxury tax) into one tax.

The primary objective of implementing the GST was to eliminate tax on tax, or double taxation, which cascades from the extent of production to the level of consumption. the products and services tax (GST) is a value-added tax imposed on the majority of domestically sold goods and services. Consumers pay the products and Services Tax, but businesses remit it to the govt.

Who is required to register under GST:

Every supplier whose annual turnover exceeds twenty lakh rupees is required to register under this Act within the State or Union territory, aside from special category States, from which he makes taxable supplies of products or services or both:

If an individual makes taxable supplies of goods or services or both from one of the special category states, he must register if his annual turnover exceeds ten lakh rupees.

Mandatory GST Registration for the following persons:

* As of 1st April 2019, this limit has been increased to Rs. 40 Lakhs for all states except Telangana. Special category states, including Jammu and Kashmir, Ladakh, and Assam, opted for a limit of Rs. 40 lakhs.

** Effective 1st April 2019, this limit has been increased to Rs. 20 Lakhs for the Special Category States.

*** an individual engaged in the interstate supply of services, supply of handicraft goods, and paperwork, except a jeweler, goldsmith, or silversmith, whose aggregate turnover is below the edge (i.e. Rs40/Rs.20 lakhs) is exempt from GST registration.

Arunachal Pradesh, Assam, Jammu & Kashmir, Meghalaya, Manipur, Mizoram, Nagaland, Puducherry, Sikkim, Tripura, Himachal Pradesh, and Uttarakhand are the Special Category States. whether or not a person’s annual turnover is below the threshold limits, he or she may voluntarily register under.

“aggregate turnover” refers to the mixture value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on a reverse charge basis), exempt supplies, exports of products or services or both, and interState supplies of persons having the same Permanent Account Number, to be computed on an all India basis but excluding the central tax, State tax, Union territory tax, integrated tax, and cess.

Who is exempt from GST registration requirements:

The subsequent individuals are exempt from GST registration requirements.

How to Obtain GST Registration

Documents Required

For a Sole Proprietorship Business
  1. Valid email address Office Lease Agreement, if rented
  2. If the property is owned, the office NOC cum Affidavit must be submitted.
  3. latest office electricity bill
For Other BusiFor Partnership and indebtedness Partnershipnesses
  1. NUMBER OF PARTNERS AND DESIGNATED PARTNERS
  2. Partners'/Designated Partners' Aadhar
  3. Photograph of Partners/Designated Partners in passport format
  4. Aadhar enabled mobile number of Partners/Designated Partners
  5. Email address of Partners/Designated Partners that's valid
  6. If the office is rented, there'll be a rental agreement.
  7. If the property is owned, the office NOC cum Affidavit must be submitted.
  8. latest office electricity bill
  9. Firm/LLP PAN
  10. Digital Signature Certificate of Registration Partnership Deed/LLP Agreement Authorization Letter Certificate of Authorized Designated Partner C For Company PAN of Directors
  11. Aadhar of Directors
  12. Passport-sized photographs of Directors
  13. Aadhar-enabled mobile numbers of Directors
  14. Email address that's valid for Directors
  15. If the office is rented, there'll be a rental agreement.
  16. Office NOC cum Affidavit if the property is owned Office most up-to-date utility bill
  17. Company PAN
  18. Certificate of Incorporation Memorandum of Understanding Authorization Letter or Board Resolution
  19. Certificate of Digital Signature of Authorized Director Registration Procedure

Three-Step Registration Procedure

Online Document Submission

Ten Minutes Job

You may provide PAN of Directors, Aadhar of Directors, Passport size photo of Directors, Aadhar enabled mobile number of Directors, Valid email id of Directors, Office Rental Agreement if it's rented, Office NOC cum Affidavit if it's owned, Office latest power bill, Company PAN, Certificate of Incorporation, Memorandum of Association, Articles of Association, and Authorisation Letter or Board Resolution.

Generation 2 of the TRN

Five minutes via the GST web portal Job

We will complete the TRN details on the GST portal. you'll receive Mobile and Email One-Time Passwords, which, once shared, we'll submit online for TRN Generation.

Online Uploads

Through the GST Web Portal - a 30-Minute Task

Once the TRN has been generated, we'll complete the remaining application dashboard fields and upload the signed documents and file, if necessary.

4 ARN Generation and Aadhar Authentication

Using the GST Web Portal Job - 30 Minutes job

Once the appliance has been successfully submitted online, the GST system will compare the PANs of Directors with the tax Database, and if they match, an ARN are going to be generated. The Gst department will send you an email containing an Aadhaar authentication link; once you authenticate it, it'll indicate that your Aadhaar authentication was successful.

GST Approval

Through the GST web portal - four to 5 business days

The GST officer will then examine the file online, and if everything is so as , he or she is going to approve it and send you an email containing your GSTIN, User ID, and Password. Then, you'll download the certificate by logging into your account and updating your Bank Details by uploading Bank Statement or voided check. The registration process concludes here.

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Let's Deal With Your Confusions

GST Stands for Goods and Services Tax in India.

The following parties are required to register for GST:

  • Companies with a turnover exceeding Rs. 40 lakhs (Rs. 20 lakhs for North-Eastern States, J&K, Himachal Pradesh, and Uttarakhand)
  • Persons who make taxable interstate sales
  • Casual taxpayers who make taxable supplies
  • A persons required to pay tax under the reverse charge system
  • e-Commerce Operator
  • non-resident taxpayers who make taxable supplies
  • persons required to deduct tax pursuant to section 51, no matter whether they are separately registered under this Act
  • persons who make taxable supplies of products , services, or both for the advantage of other taxable persons, whether as agents or otherwise
  • Distributor of Input Services, whether or not separately registered under this law
  • Suppliers of products or services through an e-Commerce operator
  • every person, aside from a registered person, who provides online information and database access or retrieval services from outside India to an individual in India
  • such other persons or class of persons because the Government may notify on the Council's recommendation.

Yes. If your business operates in multiple states, you'll apply for GST Registration in each state, and if your business operates in multiple verticals, you'll apply for multiple GST Registrations within the same state.

A trader with a complete annual turnover of less than Rs 1.5 crore is eligible for the Composition scheme. this limit for Special Category States is Rs. 75,00,000.

For service providers with annual turnover of but Rs. 50 Lakhs, the Composition Scheme is out there .

If you employ Aadhaar authentication, it's going to take four to five business days; otherwise, it's going to take between twenty and thirty days. Again, this is often subject to the approval of the GST officer.

It can function as the company's identification number.

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