GST Registration
GST registration is mandatory for all entities involved in the buying or selling or providing services in India.
Introduction
GST is the biggest tax reform in India, tremendously improving ease of doing business and increasing the taxpayer base in India by bringing in millions of small businesses in India. By abolishing and subsuming multiple taxes into a single system, tax complexities would be reduced while the tax base is increased substantially. Under the new GST regime, all entities involved in buying or selling goods or providing services or both are required to register for GST. Entities without GST registration would not be allowed to collect GST from a customer or claim the input tax credit of GST paid or could be penalized. Further, registration under GST is mandatory once an entity crosses the minimum threshold turnover of starts a new business that is expected to cross the prescribed turnover.
As per the GST Council, entities in special category states with an annual turnover of Rs.10 lakhs and above would be required to register under GST. All other entities in rest of India would be required to register for GST if annual turnover exceeds Rs.20 lakhs. There are also various other criteria’s, that could make an entity liable for obtaining GST registration – irrespective of annual sales turnover. Entities required to register for GST as per regulations must file for GST application within 30 days from the date on which the entity became liable for registration under GST.
Documents Required
PAN Card of the Business or Applicant
GSTIN is linked to the PAN of the business.
Hence, PAN is required to obtain GST certificate.
Identity and Address Proof of Promoters
Identity proof and address proof documents like PAN, passport, driving license, aadhaar card or voters identity card must be submitted for all the promoters.
Business Registration Document
Proof of business registration like incorporation certificate or partnership deed or registration certificate must be submitted for all types of registered entities.
Address proof For Place of Business
Documents like rental agreement or sale deed along with copies of electricity bill or latest property tax receipt or municipal khata copy must be submitted for the address mentioned in the GST application.
Bank Account
Proof
Scanned copy of the first page of bank passbook showing a few transaction and address of the business must be submitted for the bank account mentioned in the registration application.
Digital
Signature
Class 2 or class 3 digital signature is required for the authorized signatory to sign and submit the GST application. In case of a proprietorship, there is no requirement for a digital signature.
Eligibility Criteria
Turnover Criteria
Entities involved in supplying goods or services with an annual aggregate turnover of more than Rs.20 lakhs in most States are required to register for GST mandatorily. In special category states, the aggregate turnover criteria have been reduced to Rs.10 lakhs.
Inter-State Supply
Registration under GST is mandatory for entities undertaking inter-state supply of goods and/or services, irrespective of aggregate annual turnover. For example, if a business in Maharashtra supplies goods to a business in Tamil Nadu, then GST registration is required.
Existing Taxpayer
All entities having service tax or VAT or central excise registration must be registered under GST mandatorily. Existing taxpayers have been provided with Provisional ID and password for completion of GST migration formalities and generation of GSTIN by the respective tax departments.
E-Commerce Sellers
Entities involved in the supply of goods or services through e-commerce platforms are mandatorily required to be registered under GST, irrespective of aggregate annual turnover. Hence, sellers on e-commerce platforms like Amazon, Flipkart and Snapdeal would have to register under GST mandatorily.
Casual Taxable Persons
A casual taxable person is someone who occasionally undertakes supply of goods or services having no fixed place of business. An example of a casual taxable person can be a fireworks shops setup during Diwali festival time, selling fireworks or a temporary food stall.
GST Registration Process
GST Application Preparation
Him Consultant’s GST Expert will prepare your GST application and collect the documents necessary through the iCFO platform.
GST Application Filing
Once the application is prepared and documents are collected, we will file your application online and provide you ARN number immediately.
GST Registration Certificate
Once the GST application and the attached supporting documents are verified by the Officer, GSTIN and GST Certificate is provided.
Get your GST Number
Fill up the form below and our executive will get in touch with you very shortly.
