GST Registration
GST registration is a process by which a taxpayer gets themselves registered under GST. Once a business is successfully registered, a unique registration number is assigned to them known as the Goods and Services Tax Identification Number (GSTIN). This is a 15-digit number assigned by the central government after the taxpayers obtain registration.
Please note – If you are operating from more than one state, then you will have to take separate GST registrations for each state you are operating from.
Who is liable to get GST registration ?
All the businesses supplying goods, whose turnover exceeds INR 40 lakh in a financial year are required to register as a normal taxable person. However, the threshold limit is INR 10 lakh if you have a business in the north-eastern states, J&K, Himachal Pradesh, and Uttarakhand.
The turnover limit is INR 20 lakh, and in the case of special category states, INR 10 lakh, for the service providers.
Below, is the list of certain businesses for which GST registration is mandatory irrespective of their turnover:
- Casual taxable person / Input Service Distributor (ISD)
- Non-resident taxable person
- Inter-state supplier of goods and services
- Supplier of goods through an e-commerce portal
- Any service provider
- Liable to pay tax under the reverse charge mechanism
- TDS/TCS deductor
- Online data access or retrieval service provider
Goods and Service Tax is a tax levied on supply of goods and services right from the point of manufacture to the point of final consumption by the user. GST is a simplified indirect tax structure, wherein tax paid on goods/services procured by one person at one stage can be availed as credit while passing on the goods/services to the next stage, until they reach the final consumer who bears incidence of tax.
In the GST regime, businesses whose turnover from sale of goods exceeds Rs. 40 lakhs (Rs 20 lakhs for NE and hill states) or turnover from providing services exceeds Rs 20 lakhs , are required to register as a normal taxable person. For certain other businesses, registration under GST is mandatory irrespective of turnover, like those paying tax under the reverse charge mechanism, supply to SEZ, Exports etc.
GST Registration Process Are As Follows:
- Information / Documents Collection
We undertake to collect the requisite information and documents for preparation of the GST Application for your business.
- Prepare an online Application for submission
We undertake to prepare your GST Application based on documents and information given to us and file the same with GSTIN.
The acknowledgement of Registration will reach you with 3-6 working days.
General Documents to be furnished
- Pan card copy of all directors/partners/proprietor
- Company pan card copy of pvt ltd / llp / partnership firm
- Rental agreement and electricity bill
- Company bank statement or cancelled cheque
- Address proof copy of all directors/partners/proprietor
- Photo copy of all directors/partners/proprietor
Additional Documents Required
GST Registration for Private Limited Company
- MoA and AoA
- Certificate of incorporation
- DSC
For LLP
- LLP agreement
- Certificate of incorporation
- DSC
For Partnership
- Partnership registration certificate
- Partnership deed
- DSC
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