GST Tax Registration in India | SRIJEY Consulting Co.,

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What is GST Registration?

In the GST Regime, businesses whose turnover exceeds Rs. 20 lakhs (Rs 10 lakhs for NE and hill states) is required to register as a normal taxable person. This process of registration is called GST registration.

For certain businesses, registration under GST is mandatory. If the organization carries on business without registering under GST, it will be an offence under GST and heavy penalties will apply.

GST registration usually takes between 2-6 working days. We’ll help you to register for GST in 3 easy steps.

Who Should Register for GST?

Individuals registered under the Pre-GST law (i.e., Excise, VAT, Service Tax etc.)
Businesses with turnover above the threshold limit of Rs. 20 Lakhs (Rs. 10 Lakhs for North-Eastern States, J&K, Himachal Pradesh and Uttarakhand)
Casual taxable person / Non-Resident taxable person
Agents of a supplier & Input service distributor

Those paying tax under the reverse charge mechanism
Person 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
Person who supplies via e-commerce aggregator
Every e-commerce aggregator

Legal guidance on applicability of VAT for your products and state
VAT Registration Number and Certificate for your applicable State
Voluntary VAT Registration support and service
Online support and service for VAT Registration in India

What is GST Registration Process?

Purchase of Plan

Expert Assigned

Upload Documents

Submission on Portal

ARN Number Gen

GSTIN Received

Documents Required for GST Registration

PAN of the Applicant
Proof of business registration or Incorporation certificate
Address proof of the place of business
Bank Account statement/Cancelled cheque

Identity and Address proof of Promoters/Director with Photographs
Aadhaar card
Digital Signature
Letter of Authorization/Board Resolution for Authorized Signatory

Helps in creating authenticity of the company’s identity
Many government tenders require you to possess these certifications
Helps in passing on the tax to the client by including it in the invoice
Has no validity clause. Once registered, remains for the life of the company

Penalty for not registering under GST

An offender not paying tax or making short payments (genuine errors) has to pay a penalty of 10% of the tax amount due subject to a minimum of Rs.10,000. The penalty will at 100% of the tax amount due when the offender has deliberately evaded paying taxes

Frequently Asked Questions

What is GSTIN?

All businesses that successfully register under GST are assigned a unique Goods and Services Tax Identification Number also know as GSTIN.

When should a business apply for multiple GST registrations?

If a business operates from more than one state, then a separate GST registration is required for each state. For instance, If a sweet vendor sells in Karnataka and Tamil Nadu, he has to apply for separate GST registration in Karnataka and TN respectively. A business with multiple business verticals in a state may obtain a separate registration for each business vertical.

What is Composition scheme and when should a business opt for it?

Small businesses having an annual turnover less than Rs. 1 crore* ( Rs. 75 Lakhs for NE States) can opt for Composition scheme.

*GST Council decided to increase the limit to Rs. 1.5 crores but notification is awaited.
Composition dealers will pay nominal tax rates based on the type of business:

Composition dealers are required to file only one quarterly return (instead of three monthly returns filed by normal taxpayers).
They cannot issue taxable invoices, i.e., collect tax from customers and are required to pay the tax out of their own pocket.
Businesses that have opted for Composition Scheme cannot claim any input tax credit.

Composition scheme is not applicable to :

Service providers
Inter-state sellers
E-commerce sellers
Supplier of non-taxable goods
Manufacturer of Notified Goods

Who can Register for Composition scheme under GST?

This scheme is a lucrative option for all SMEs who want lower compliance and lower rates of taxes under GST. A GST taxpayer whose turnover is below Rs 1 crore* can opt for Composition Scheme. In case of North-Eastern states and Himachal Pradesh, the present limit is Rs 75* lakh. Turnover of all businesses registered with the same PAN should be taken into consideration to calculate turnover.
* Limit is raised to Rs. 1.5 crores after decision taken by the GST Council. However notification is awaited. Learn the Rules about Composition scheme & Know the pros & cons of being a composition dealer. Obtain GST registration and file CMP-02 to opt in for the scheme.