Registration of Goods and Service Tax (GST)

BestSeller

Goods and Service Tax Registration

One Time Compliance

900* Basic Package

Buy Now Add to Cart

CONTACT US

Overview

What is GST?

Goods And Service tax is one of the biggest tax reforms in India. It has through, it's simplistic format, largely effect the way of doing business and also increased the taxpayer base in India by including small business in India. The GST is very convenient as it has abolished the complex multiple taxes into a single system.

GST registration is mandatory after a business crosses the minimum turnover or if an entrepreneur starts a business with an expectation of crossing the minimum amount of the turnover. The new GST, has made it essential to all the firms involved in selling, buying goods or providing service or both are compelled to have a GSTIN.

Who is required to Register under GST?

1. Total Aggregate Turnover

Any entiry doing supply of goods having aggregate total turnover Rs. 40 lakhs or any service provider having total turnover Rs. 20 Lakhs in a year required to get registered under GST law.

2. E-Commerce platform

Any person supplying goods or servies on online platform like Amazon, Flipkart or any other e-commerce platform must get registered in GST to start the business.

3. Casual business person

Any person supplying goods or servies seasonally or having temporary shop or stall in any fair must get GST registration without any limit of aggregate annual turnover.

4. Voluntary registration

Any person supplying goods or servies can take the GST registration even having the aggregate turnover is less than the threshold limit. However voluntary registration can be surrender at any time.

5. Inter-state supply of Goods

Any person supplying goods out side the state, then it has to take GST registration even the aggregate annual turnover is less than the prescribed turnover limit.

Advantages

1. Technological support to GST law

The new GST system has a strong technological support and we can expect, the more digitalisation in the service of GST, in the coming time.

2. Growth of MSME

The GST made MSME less dependent on tax expert, due to simplified return filing system in place. Introduction of quarterly filing option for tax payers having turnover below Rs. 1.5 crores was a wise decision.

GST Council playing principle diplomacy and the statement ship shown by the members is surely a benefit.

Disadvantages

1. Causing slow down for exporters

The delayed IGST refund has affected exporters and cause the slowdown although efforts are being made by the department but yet, over a few months we can expect a slowdown in exports sector in India.

Document Required

1. Sole Proprietorship :-

PAN and Aadhar card of the owner
Photograph of the owner (in JPEG format, maximum size – 100 KB)
Bank account details
Address proof (Passport, driving license, Voters identity card etc.)

2. Partnership Firm :-

PAN card of all partners (including managing partner and authorized signatory)
Copy of partnership deed
Photograph of all partners and authorized signatories (in JPEG format, maximum size – 100 KB)
Address proof of partners (Passport, driving license, Voters identity card, Aadhar card etc.)
Aadhar card of authorised signatory
Proof of appointment of authorized signatory
In the case of LLP, registration certificate / Board resolution of LLP
Bank account details
Address proof of principal place of business

3. HUF :-

PAN card of HUF
PAN card and Aadhar card of Karta
Photograph of the owner (in JPEG format, maximum size – 100 KB)
Bank account details
Address proof of principal place of business

4. Company :-

PAN card of Company
Certificate of incorporation given by Ministry of Corporate Affairs
Memorandum of Association / Articles of Association
DSC, PAN card and Aadhar card of authorized signatory. The authorised signatory must be an Indian even in case of foreign companies/branch registration
PAN card and address proof of all directors of the Company

Time Lines

(7 to 10 Days)
Purchase the Service
Upload / send the Documents
Discussion with expert
Filing of application with registrar authorities
Receipt of Registration Certificate
Confirmation to client

Service Covered

Pricing for what you want required service

Basic

900*

Expert Consultation
GST Registration

Business

2950*

Expert Consultation
GST Registration
3 months GST return upto 20 entries per month

Enterprise

5950*

Expert Consultation
GST Registration
6 months GST return upto 50 entries per month

Notes:
* This price is inclusive of all Govt filing fee and excluding GST amount.

FAQ's

Is PAN mandatory for obtaining GST registration.

In order to obtain a GST certification it is mandatory to have a PAN card. In case of proprietorship, the pan card of the proprietor can be used. However, PAN is not mandatory for GST registration of foreigners and foreign companies.

What is the deadline for getting registered under GST?

An entity liable to be registered under GST should apply for the registration within 30 days of meeting the criteria. Casual taxable persons and non-resident are required to register the GST before commencing the business.

Who is the primary authorised signatory?

Person who is undertaking task on the GST portal on the behalf of the taxpayer is known as primary authorised signatory.

What is the validity of GST certification/registration?

A GST registration is valid until it’s cancelled, it doesn’t have any for non-resident taxable person have a validity period that is fixed while issuing the GST registration certificate.

What is intra state supply?

An intrastate supply of goods and services means when the place of supply is in the same state as the location of the supplier. It doesn’t include the supply of goods and services to SEZ unit.

What is SGST?

The SGST is state GST which is applicable on intrastate supply of goods and services. SGST is administered by the respective state government.

What is CGST?

Central GST is applicable on the intrastate supply of goods and services and would be levied under the CGST act. Hence in case of intrastate supplies of goods and services both central and state government would combine their ladies with an appropriate revenue sharing agreement between them.

What is IGST?

Integrated GST is the tax levied on the supply of goods and services in case of inter State trade across India it comes under the act of IGST. IGST also include supply of goods and services in course of import into India and export of goods services from India.

What is a E way bill?

E-way billIs an electronic evidence that shows the movement of goods having a value more than 50,000. It has two components part one, with details such as GSTIN of the supplier and recipient, place of delivery value of goods and reason of transportation and part B, containing the details of vehicle and transport document.

Benefit of the E way bill and is it mandatory to generate an E way Bill?

E-way bill facilitate faster movement of goods and improve turnaround time of trucks because it is a wholly Digital interface and doesn’t require any state boundary checks.And generating a E-way Bill is mandatory in all cases where in the value of consignment is more than Rs.50,000. It is not required to generate one if the goods and services are being transported by non-motorized conveyance.

What is the composition scheme?

Small businesses register under the GST composition scheme pays fix rate of turnover every quarter and file the GST returns every quarter. It is generally related to small taxpayers who are supplying goods and services to the end customer with a lower turnover.

What is the eligibility criteria for composition scheme? And how long the scheme is valid for?

Composition scheme is valid for the existing tax pier with a turnover did not cross the Rs.1.5 crore threshold in the preceding financial year. The validity of a composition scheme depend upon the option exercised by the taxable person as long as all the conditions are fulfilled as specified in the law.