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)
Apply NowFrequently Asked Questions
1. Attach a GST certificate to your business location.
2. Produce invoices that comply with GST.
3. Submit your GST Return on time.
Select Your Package
Basic
- GST Registration for Sole Proprietor/HUF
- Dedicated GST Pro Support
- Guidance on HSN/SAC Code
- GST Tax Rate List
Standard
- GST Registration other than Sole Proprietor/HUF
- Dedicated GST Pro Support
- Guidance on HSN/SAC Code
- GST Tax Rate List
Premium
- Basic/Standard Package
- 12 Months GST Return Filing*