GST REGISTRATION CHARGES RS. 1999

GST  Registration is  mandatory for all businesses in India meeting any of these conditions:

  1.  Annual Sales greater than Rs. 20 Lakh (Other than some Exceptions)
  2. Making sales outside your own state
  3. Causal Taxable persons
  4. Non Resident Taxable Person
  5.  Input Service Distributor
  6. Person Who selling throug E-commerce Operator 
Video on GST Registration

What is GST Registration?

GST registration is required primarily if your annual sales are more than Rs. 20 Lakh. Even if your sales are less than Rs. 20 Lakh, we suggest that you voluntarily opt for GST registration because:

1. You will not get any tax refunds on purchases (e.g. if you buy goods worth Rs 1 lakh in a month, and tax rate is 18% – you will lose tax refund of Rs. 18,000).
2. You cannot sell outside your state

GST registration typically takes with 3-4 working days provided you have provided all documents. You need to file your application with the department and sign it with your Digital Signature/Sign with EVC. GST Registration can be done through Legal sahayak in all cities of India without visit anywhere.

Who all need GST Registration?

The registration in GST is PAN based and State specific. Supplier has to register in each such State or Union territory from where he effects supply if he fulfills any of the following conditions:

1.Having an annual aggregate turnover from all-India operations which is above the threshold limit of Rs. 20 Lakhs (Rs. 10 Lakhs for North-Eastern States).
2. Currently registered under any of the earlier indirect tax regimes (VAT, Excise Laws, Service Tax Laws) irrespective of the threshold limit.
3. Having branches in multiple states or multiple business verticals in one state.
4. Making any supply to other states.
5. Required to pay tax under Reverse Charge (In case your supplier is not registered under GST).
6. Required to deduct tax at source or an Input Service Distributor.
7. Agents of a supplier.
8. E-Commerce Seller i.e. Supplying goods or services through E-commerce Operator .
9. E-commerce Operator / Aggregator who supplies goods or services under his brand name (e.g. Flipkart, Amazon, Ola).
10. Supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered taxable person.

Benefits of Registration under GST

GST Registration will give the following advantages to a taxpayer.

1. He is authorized to collect taxes from his customers and pass on the credit of the taxes paid to them.
2. He can claim Input Tax Credit of taxes paid to his suppliers and can utilize the same for payment of taxes due
3. Seamless flow of Input Tax Credit from suppliers to recipients at the national level.

Procedure for GST registration

You can use Legal sahayak online GST registration services for which you just need to make online payment and we will take care of the rest.

Our Package include following services :

  1. GST Registration
  2. HSN/SAC Code
  3.  GST Invoice Format

 

 

Documents for Registration

1. PAN Card of owner/ directors/ partners.
2. Bill of Electricity/ Telephone, Rent Agreement or Letter of Consent (NOC).
3. MOA/ AOA or Partnership Deed.
4. Letter of Authorisation for signatory.
5. Bank statement/ Cancelled Cheque.
6. Aadhaar Card of owners/ directors/ partners

 

 

 

 

 

Frequently Asked Questions - GST Registration

Yes, a person can get registered voluntarily under GST but GST Registration is not mandatory for persons who :

1. Supply agricultural produce from cultivation.

2. Make only exempt supplies (Nil Rated or Non-Taxable supplies) of goods or services.

3. Make supplies which are entirely covered under reverse charge.

4. If an annual aggregate turnover from all-India operations which is less than threshold limit of Rs. 20 Lakhs (Rs. 10 Lakhs for North-Eastern States).
A taxable person can on his own, at the common portal, make amendments in some information without prior approval like e-mail IDs, mobile numbers etc. But in the case of following changes he will have to apply for amendment within 15 days:
1. Legal name of the business.
2. State of place of business or additional place of business.
Registration can be cancelled in 2 scenarios:
1. When the taxable person wishes to voluntarily cancel his GST registration.
2. When the proper officer, on default by the taxable person, moves to cancel the GST registration on his own motion. This may be when the person is not doing business from his declared registered place of business or if he issues tax invoice without making the supply of goods or services.
The taxable person has to apply on the common portal within 30 days. He will declare in the application, the stock held on that date, amount of dues and credit reversal and particulars of payments made towards discharge of such liabilities. If satisfied, the proper officer will cancel the registration within 30 days
There are two cases :
 
1. More than one branches in same state – I have to take a single registration in each state for each PAN. In that case,  One place is registered as principal place of business and all the other branches shown as additional places of business in that state. However, an entity can obtain separate registrations if in case it has separate business verticals within the state.
 
2. More than one branches in different states – I have to take a single registration in each state for each PAN. 
A Casual taxable person is one who has a registered business in one or more states in India, but wants to effect supplies from some other State in which he is not having any fixed place of business. Such person needs to register in the State from where he seeks to supply as a Casual taxable person.
A Non-Resident taxable person is one who is a foreigner and occasionally wants to effect taxable supplies from any State in India, and for that he needs GST registration.
They have to apply for registration at least 5 days in advance before making any supply.The Registration Certificate issued is valid for a period of 90 days which can be extended. Further, they are granted registration or extension of period only after they deposit estimated tax liability.
Composition scheme is introduced for small tax payers to reduce the compliance burden on them.
1. File summarized returns on a quarterly basis instead of multiple monthly returns.
2. Pay tax only to a maximum of 2% for manufacturers, 5% for restaurant service sector and 1% for other suppliers.
3. Cannot collect any tax from or issue tax invoice to customers.
4. Cannot avail input tax credit
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