GST

About GST Registration

Goods and Services Tax (GST) is a value-added tax (VAT) regime that was introduced in India on July 1, 2017. It is a single tax that is levied on the supply of goods and services across the country.

What is GST?

The Goods and Services Tax, which became effective in India on July 1st, 2017, is a combined indirect tax policy that includes VAT, CST, Service Tax, Central Excise Duty, Entertainment Tax, etc.

When to register for GST ?

TGST registration is required once a business's annual revenue exceeds INR 40/20/10 lakh, when it supplies goods and services across state lines, or when it uses an e-commerce platform.

What are the GST tax rates?

GST tax rates typically vary depending on the type of product or service, and they are categorized into different slabs. Here's a general overview of GST tax rates varying on the kind of products & services you are selling, ranging from 0% to 28%.

Input Tax Credit Availability

Only GST-registered business (excluding composition scheme) units are eligible to claim credit for taxes paid at the time of purchase when submitting GST returns.

Return Filing & Payment

Every GST registrant is required to submit three monthly/quarterly returns and one annual return. requires monthly tax payment.

Composition Scheme of GST

Business Units may choose this option if their annual turnover is less than INR 1.5 crore. requires filing a quarterly return and paying subsidised taxes, which range from 1% to 5%.

What is GSTIN?

Goods and Service Tax Identification Number is referred to as GSTIN. It has 15 digits that are alphanumeric. This is produced by the government following your successful completion of the GST registration process.

What is GST Composition Scheme?

The GST Composition Scheme is designed to make tax compliance easier for small taxpayers. Small taxpayers are only required to pay little GST at a set rate of turnover and are not required to file monthly GST returns. Any company with a yearly revenue of up to 1.5 Crore/75 lakh/50lakh might choose to register for GST under the composition scheme.

What is GST Registration Process ?

Step 1 : Give our web page the necessary company information and details.
Step 2 : Select a package and pay online using one of the offered payment methods.
Step 3 : Upon placing an order, one of our devoted professionals will be given responsibility for your application.
Step 4 : Our expert will thoroughly check the completeness and correctness of the documents before filing the GST application.
Step 5 : In order to process the online GST application, our professional will follow up with the government department on a regular basis.
Step 6 : Following the receipt of a GSTIN, we will send you a GST certificate.

Why I need GST Registration?

GST registration not only aids in establishing your company as a legitimate registrant but also presents a variety of economic options. The following are the advantages for GST-registered businesses at a glance:-

  • Become more competitive: Since you will have a proper tax registration, you will be more competitive than your rivals who aren't registered.
  • Expand your business online: Without a GST registration, you are unable to sell goods or services on e-commerce platforms. You require a GSTIN if you intend to make a purchase through an e-commerce platform like Flipkart, Amazon, Paytm, Shopify, or your own website.
  • Can receive input tax credit: Only those who have registered for GST are eligible to take advantage of this savings opportunity.
  • Can sell without any limits across all of India: You are unable to conduct interstate commerce without a GSTIN. Only having your business registered for GST makes this possible.
  • Apply Government Tenders: A GSTIN is required to apply for various government tenders. You risk missing the business opportunity if you don't have.
  • Open Current Bank Account: Banks & Financial Institutions will not open a current bank account in the name of your business trade name unless you have government identification in that name. This is true particularly for sole owner businesses. You can open a current bank account with the use of your GST registration certificate.
  • Working with MNCs: In general, MNCs won't feel at ease working with small business organisations until they can show documentation of a current tax registration.

Documents Required for GST Registration

The business's or applicant's PAN card: - The business's PAN and GSTIN are connected. So, in order to obtain a GST certificate, you need a PAN.

Promoters must provide identification and address proof, including PAN, passport, driver's licence, aadhaar card, and voter identification card.

Address Proof for Place of Business: For the address listed in the GST application, documentation such as a rental/lease agreement, NOC, affidavit or sale deed, copies of the most recent property tax receipt, an electricity bill, or a municipal khata copy must be submitted.

Bank Account Proof: For the bank account specified in the registration application, a scanned copy of the first page of the bank passbook displaying a few transactions and the business address must be given. (after getting GST)

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Frequently Asked Questions

GST, or goods and services tax, is a tax. When you offer your goods or services to clients, you must collect an indirect tax from them and report it to the government.

If you want to issue a tax invoice/bill of supply to your clients, you must have an annual turnover of more than INR 40/20/10 Lakh, be engaged in interstate business, offer products online through an e-commerce site, or be engaged in the import or export of goods. If a company is a casual tax payer and attends an expo or event outside the state, the threshold limit is INR 20 lakhs for North Eastern States.

Yes, even if your annual turnover does not surpass the threshold level (40/20/10 Lakh), you can voluntarily register under GST. In addition to assisting in the legal recognition of your company as a registrant, GST registration also enables you to take advantage of a number of benefits, including the ability to issue GST invoices and claim input tax credits.

A company must obtain more than one GST number if, When a company supplies products and services from different States, it is mandatory for the company to register for GST in each of those states. To prevent accounting complication across different firms, any business entity can obtain numerous GSTINs, even if they operate from a single state and across multiple sectors. As an illustration, consider XYZ Private Limited, which operates solely out of Bangalore and engages in both the retail and software sales of goods. A business can still apply for several GST numbers for each of its distinct business domains. if you are distributing goods and services across all of India from a single state. No further GST Certificates are required.

If a business entity that is legally obligated to register for GST does not do so or willfully ignores it, they will be subject to a penalty of either 100% of the unpaid tax or INR 10,000, whichever is higher.

Depending on the type of business you are doing, different paperwork are needed. The following paperwork is necessary for GST registration: - Size of a passport A photograph of an Aadhar card, passport, or licence Pan card for the company Address evidence of a company location a bank statement, a voided check, or a passport DOCUMENTS ADDITIONAL TO PRIVATE LIMITED COMPANY, LLP, OPC, OR PARTNERSHIP FIRM Incorporation Certificate for a Company, OPC, or LLP Partnership Document for a partnership firm

The Goods and Service Tax Identification Number, or GSTIN, has fifteen digits. This will be generated by the government once your GST registration application has been approved. The first two digits indicate the state in which the business is GST-registered. The next 10 digits are the business entity's PAN. The 13th digit indicates the number of companies in the same state. The final two digits are chosen at random.

If you want to issue a tax invoice/bill of supply to your clients, you must have an annual turnover of more than INR 40/20/10 Lakh, be engaged in interstate business, offer products online through an e-commerce site, or be engaged in the import or export of goods. If a company is a casual tax payer and attends an expo or event outside the state, the threshold limit is INR 20 lakhs for North Eastern States.

The GST rate might range from 0% to 28% depending on the type of products or services you are selling.

Yes, as long as you mentioned those goods and services when you registered for GST, you can sell both goods and services with a single GST number.

Yes, you are permitted to register for GST registration under your firm name if you are a person or sole owner. Additionally, you are permitted to apply under your own name.

No, both current and savings accounts can be used to register for GST.

Of course, you can launch a business from your house. Simply show documentation of your residential address to register for GST.

What are the compliances after obtaining a GST certificate? is the most frequent query these days among business owners. After getting your GSTIN number, you must take the following actions:
1. Attach a GST certificate to your business location.
2. Produce invoices that comply with GST.
3. Submit your GST Return on time.

Yes, you must collect GST tax from your clients on every purchase as soon as you receive your GST registration certificate.

No, if you are supplying goods from one state to all of India, you only need one GST registration. If you are supplying products from two or more states, you must register for GST in each of those states.

Select Your Package

Basic

₹1499 plus taxes
  • GST Registration for Sole Proprietor/HUF
  • Dedicated GST Pro Support
  • Guidance on HSN/SAC Code
  • GST Tax Rate List

Standard

₹1999 plus taxes
  • GST Registration other than Sole Proprietor/HUF
  • Dedicated GST Pro Support
  • Guidance on HSN/SAC Code
  • GST Tax Rate List

Premium

₹5999 plus taxes
  • Basic/Standard Package
  • 12 Months GST Return Filing*

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