Q1: What is GST registration?
A: GST registration is the process of registering your business under the Goods and Services Tax system to legally collect and pay GST.
Q2: Who needs to register for GST in Telangana?
A: Any business with an annual turnover exceeding ₹20 lakhs must register for GST. Also, businesses involved in interstate supply, e-commerce, or special categories need registration regardless of turnover.
Q3: How do I apply for GST registration in Telangana?
A: You apply online on the GST portal by filling the application form, submitting documents, and verifying via OTP or digital signature.
Q4: What documents are required for GST registration in Telangana?
A: Important documents include PAN card, Aadhaar card, proof of business address, bank details, photographs, and business proof like partnership deed or incorporation certificate.
Q5: Is there any fee for GST registration?
A: No, the government does not charge any fee for GST registration. However, if you hire a consultant, they may charge a professional fee.
Q6: How long does GST registration take in Telangana?
A: Usually, it takes about 7 to 10 working days after application submission and verification.
Q7: What is GSTIN?
A: GSTIN (Goods and Services Tax Identification Number) is a unique 15-digit number issued after GST registration, used to identify your business.
Q8: Can a sole proprietor apply for GST registration?
A: Yes, sole proprietors can apply using their PAN and Aadhaar cards with required documents.
Q9: What happens if I don’t register for GST but I am required to?
A: You may face penalties, interest on unpaid taxes, and legal action by the government.
Q10: Can I apply for GST registration voluntarily if my turnover is below ₹20 lakhs?
A: Yes, voluntary registration is allowed and can help build business credibility and claim input tax credit.
Q11: Can GST registration be done offline in Telangana?
A: No, GST registration is only done online through the official GST portal.
Q12: How do I check the status of my GST registration application?
A: You can check the status on the GST portal by entering your ARN (Application Reference Number).
Q13: What is the Composition Scheme?
A: It is a simplified GST scheme for small businesses with turnover up to ₹1.5 crores, allowing them to pay tax at a fixed lower rate without detailed returns.
Q14: Can I cancel my GST registration in Telangana?
A: Yes, if you stop your business or your turnover falls below the threshold, you can apply for cancellation online.
Q15: What is Input Tax Credit (ITC)?
A: ITC allows you to reduce your GST liability by claiming credit on tax paid on business purchases and expenses.