GST Registration in India
We assist in GST registration by providing advice, document drafting, online application filing, query response, and tracking the application process. To start the process, consult with our professionals.
We assist in GST registration by providing advice, document drafting, online application filing, query response, and tracking the application process. To start the process, consult with our professionals.
GST registration is mandatory for individuals and businesses involved in the supply of goods and services in India. It is an indirect tax levied on the consumption of goods and services at each stage of the supply chain. GST has replaced a multitude of indirect taxes, such as VAT, service tax, and excise duty, making the taxation system more streamlined and efficient.
GST registration is mandatory for businesses engaged in the supply of goods or services in India. It is a unique identification number allotted by the government to track the collection and payment of taxes. GST registration enables businesses to avail of input tax credit, collect taxes from customers, and file GST returns.
In India, there are several types of GST registration, each catering to different business scenarios. The main types of GST registration include:
Criteria | State |
State with Threshold Limit of 10 Lac for Supplier of Goods and/or Services: | Manipur, Mizoram, Nagaland and Tripura |
State/UTs with threshold limit of Rs.20 Lac for supplier of goods and/or services: | Arunachal Pradesh, Meghalaya Sikkim, Uttarakhand, Punducherry and Telangana. |
State/UTs with threshold limit of Rs.20 Lac for supplier of Services/ both goods and services and Rs.40 lac for supplier of Goods (Intra-State): | Jammu and Kashmir, Assam, Himachal Pradesh , All other States |
GST Registration procedure in India is entirely online and can be completed quickly in a series of simple steps. Our team has been trained in assisting clients throughout the GST Registration process. Our services begin with preparing and drafting all the documents required for GST registration and extend to filing the complete application. The steps below explain how we secure GST registration for our clients in a convenient and hassle-free manner.
The documents for GST Registration depend on the entity type and business activity, and preparation beforehand is crucial to avoid application delays.
GST registration for new businesses requires basic entity details like type, name, PAN number, and state/UT for successful registration on the GST Portal.
Enter your mobile number and complete the OTP validation process. After successful OTP validation, you will receive a Temporary Reference Number (TRN).
To apply for GST, use the TRN on the GST portal and fill out the GST REG-01 application form. Include business details, promoters/partners, location, products/services, and authorized individuals. Verify the form using the DSC or EVC of the authorised signatory.
Upon submission of all the details and documents, the application is processed in approximately 10 to 15 days. After successful verification of the form, the department allots a unique GSTIN to the applicant business. This GSTIN can further be used to check GST registration status and fulfil all GST-related compliances.
Registered businesses can claim a credit for the GST paid on Purchase of goods & services, which helps in decreasing their tax liability.
After Getting GST registration Certificate, businesses can easily sell goods and services across states, broadening their market reach.
Businesses registered under GST are often perceived as more reputable and reliable, providing them with a competitive advantage
GST registration provides legal protection to businesses, and operating without it can lead to legal implications.
GST registration can improve a business’s credibility with customers and suppliers.
Businesses with GST registration could gain eligibility for participation in government contracts, unlocking growth opportunities.
Penalties for not obtaining GSTIN registration in India can be significant and are imposed on businesses that fail to comply with the registration requirements. According to Section 122 of the CGST Act, a penalty of 100% of the tax due or ₹10,000, whichever is higher, is levied on businesses that fail to obtain GST registration when required to do so.
Some of the key penalties for not obtaining GST registration or committing other offenses under GST include:
Penalty for not registering under GST:
These penalties are applicable to businesses that commit offenses under the GST Act, such as failing to register, providing false information, or not collecting Tax Collected at Source (TCS) when required. . It is essential for businesses to understand and comply with their GST registration and filing obligations to avoid these penalties and maintain compliance with the tax laws.
GST registration refers to the process of obtaining a unique Goods and Services Tax Identification Number (GSTIN) for a business or individual. GSTIN is a 15-digit alphanumeric code issued by the government, and it serves as a unique identification for taxpayers under the Goods and Services Tax (GST) regime in India.
GST registration is mandatory for businesses with an annual aggregate turnover above the prescribed threshold, which is currently Rs. 40 lakhs (Rs. 10 lakhs for special category states and Uttarakhand). However, certain businesses may be required to register for GST even if their turnover is below the threshold, such as e-commerce operators, inter-state suppliers, casual taxable persons, and non-resident taxable persons.
Any business that supplies goods or services in India and has an annual turnover of more than Rs. 40 lakhs (Rs. 10 lakhs for Northeastern states) is required to register for GST. This includes both individuals and entities, such as proprietorships, partnerships, LLPs, and companies.
Yes, you can apply for GST on Voluntary Basis also.
There are several benefits of GST registration, including:
The threshold limit for GST registration is Rs. 40 lakhs (Rs. 10 lakhs for Northeastern states). Businesses with an annual turnover below this limit are not required to register for GST. However, businesses that supply goods or services through e-commerce platforms are required to register for GST, regardless of their turnover.
No, there is no Govt fee for GST Registration in India. However there is professional fee for GST Registration. Our fee for GST Registration is Rs1499/-
Yes, GST registration is free in India. There is no Govt fee required to be paid for GST registration.
The documents required for GST registration depend on the type of business. Generally, the following documents are required:
The process for GST registration in India is as follows:
The limit of GST (Goods and Services Tax) in India is the annual turnover threshold that businesses must meet in order to be required to register for GST. The limit varies depending on the type of business entity and the state in which the business is located.
For businesses that supply goods, the annual turnover threshold is as follows:
Special category states include the following:
Businesses that are engaged in both the supply of goods and services must meet the higher of the two turnover thresholds in order to be required to register for GST.
If you want to cancel your GST registration, you can do so through the GST portal. The process involves submitting an application for cancellation and completing the verification process.
Yes, GST registration is mandatory for e-commerce sellers. If you sell goods or services through an e-commerce platform, such as Amazon, Flipkart, or Paytm, you are required to register for GST, regardless of your turnover.
If you are required to register for GST but fail to do so, you may be liable to pay a penalty. The penalty for not registering under GST is 10% of the tax amount or Rs. 10,000, whichever is higher.
GST registration is the process of obtaining a unique Goods and Services Tax Identification Number (GSTIN) from the government of India. On the other hand, GSTIN is a unique 15-digit alphanumeric code that is assigned to every GST registered business. It is used to file GST returns, claim input tax credit, and collect GST from customers.
You can check your GST registration status online through the GST portal. Simply log in to your account and go to the ‘Services’ tab. From there, click on ‘Registration’ and then ‘Track Application Status’. You will be able to see the status of your application.
Non-compliance with GST regulations can lead to various penalties and consequences. It is crucial for businesses and taxpayers to adhere to GST rules to avoid legal repercussions. Here are the penalties that can be imposed for non-compliance:
It is essential for businesses and taxpayers to be aware of the GST compliance requirements and ensure timely and accurate filing of returns. Maintaining proper records, issuing correct invoices, and complying with GST provisions can help businesses avoid penalties and maintain a good reputation in the market.
Remember, the penalties mentioned above can vary depending on the severity of the non-compliance and the discretion of the tax authorities. Therefore, it is advisable to seek professional advice and ensure full compliance with GST laws to avoid penalties and legal hassles.