GST Registration
Prices Starting from INR 1499/- only.
Timeline – 4 Working days
(No Hidden Cost)
If you incorporate a company in India, You will need to register for Goods and Service Tax (GST) if your business turnover is above 20 Lakhs for Service Industry and 40 Lakhs for Trade Industry. Goods and Service Tax (GST) is a wide-ranging tax on the supply of goods and services across the country, starting from the company/manufacturer to the customer/end-user.
Goods and Service Tax (GST) is applicable across India excluding the state of Jammu & Kashmir. Goods and Service Tax (GST) would be collected on Supply of goods and services or both and therefore the current established concepts of tax of Excise Duty on manufacture, Central sales tax on sales, VAT on sales, Service tax on services, Entry tax on entry of goods in local area will be no longer in existence.
Goods and Services Tax (GST) was launched on 01 July 2017; it is applicable to all Indian service providers which also includes freelancers, merchants and manufacturers. The Goods and Services Tax (GST) is an all-in-one tax that includes a range of state (Luxury Tax, Value Added Tax & Entertainment Tax) and central taxes (CST, Excise Duty, Service Tax). Goods and Service Tax (GST) are to be included in every phase of the supply chain. The process for Goods and Services Tax (GST) is exclusively online and involves no manual interference.
Each product drives through multiple phases along the supply chain, which consists of the procuring of raw materials, manufacturing, sale to the trader, selling to the retailer and before the final sale to the customer. Goods and Services Tax (GST) will be collected on each of these phases which includes value addition and at the time of consumption, relatively the source of the product. For instance, if the product is manufactured in Karnataka but consumed in Tamil Nadu, then the complete tax income will go to Tamil Nadu instead of Karnataka.
The journey of goods and Services (GST) started in the year 2000, once a specially formed committee created the law. Then it acquired 17 years for the law to form and grow. The goods and services tax (GST) bill was approved in 2017 in Rajya Sabha and Lok Sabha and on 1 July 2017, the Goods and Services Tax (GST) law was executed.
The below suppliers are mandatory to get Goods and Services Tax (GST) Registration regardless of the size of their business are:
- Inter-state suppliers
- An individual receiving supplies on which tax is payable by the receiver on the inverse charge base
- The Casual taxable individual who is not having a permanent place of business in the State or Union Territory from where he needs to supply his products/services
- Non-resident taxable individuals who are not having a permanent place of business in India
- An individual who supplies on behalf of some other taxable individual
- E-commerce business, who offer a platform to the suppliers to supply over it
- Sellers who supply over an e-commerce platform
- Those e-commerce businesses who are informed as liable for Goods and Services Tax (GST) payment under Section 9 (5)
- TDS Dedicator
One of the key reasons to announce Goods and Services Tax (GST) in India is to incorporate almost all taxes into one. Before the VAT tariffs and rules are different from state to state. And it has been noted that states frequently drop back to reducing these tariffs to attract investors. These decrease results in revenue loss for both the State and Central government. But then, Goods and Services Tax (GST) brings in single tax laws across the country across various industries. Goods and Services Tax (GST) facilitated the government in receiving the revenue without any disputes and delays. Now Central and State would share the taxes created on their pre-approved method.
In addition, there is no additional state-imposed tax and it became easier to sell goods and provide services evenly all over the country. Essentially, Goods and Services Tax (GST) is easy to forecast the way by both the government and company owners. Introduction of Good and Services Tax (GST) assisted in palliation of double taxation, multiplicity of taxes, cascading, classification issues, taxable event and more.
There are different types of Goods and Service Tax (GST) registration and specific types of entities like casual taxable individuals, non-resident taxable individuals or individuals supplying over e-Commerce platforms are required to mandatorily get GST registration regardless of the turnover limit. The Goods and Service Tax (GST) turnover limit for regular GST registration for goods suppliers and service providers is below.
- Service Providers: Any individual or company who offers service of more than INR 20 lakhs in total turnover in a year is mandatory to get GST registration. In exceptional category states, the GST turnover limit for service providers is fixed as INR 10 lakhs.
- Goods Suppliers: As per notification No.10 / 2019 any individual who is involved in the supply of goods whose total turnover marks INR 40 lakhs in a year is mandatory to get GST registration. To be qualified for the INR 40 lakhs turnover limit, the supplier is essential to fulfil the following conditions:
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- The first and foremost condition is not to offer any services.
- The trader must not be involved in making intra-state (delivering goods within the same state) supplies in the states of Arunachal Pradesh, Manipur, Mizoram, Nagaland, Meghalaya, Puducherry, Telangana, Sikkim, Tripura and Uttarakhand.
- Should not be involved in the supply of pan masala, tobacco or ice cream.
If the above conditions are not met, the dealer of goods would be necessary to get GST registration when the turnover crosses INR 20 lakhs and INR 10 lakhs in exceptional category states.
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- Exceptional Category States: Under Goods and Services Tax (GST), following are scheduled as exceptional category states – Arunachal Pradesh, Assam, Manipur, Jammu and Kashmir, Nagaland, Meghalaya, Tripura, Mizoram, Sikkim, Himachal Pradesh and Uttarakhand.
Proprietorship
- Pan card of proprietor
- Aadhar card of proprietor
- Photo
- Rent agreement along with property tax receipt
- Passbook or cancelled cheque leaf
- Phone number and email id
- If its own building property tax receipt is only enough
Partnership
- Partnership deed
- Pan card of partners
- Aadhar card of parners
- Partners photo
- Firm pan card
- Authorization letter of the partner
- Rent agreement along with property tax receipt
- Cancelled cheque leaf or passbook of the partner
- Cell number and email id
- If its own building property tax receipt is only enough
Private Limited
- Certificate of incorporation
- Private limited company pan card
- Pan card of the directors
- Aadhar card of the directors
- Directors photo
- Authorization letter of the directors
- Rent agreement along with property tax receipt
- Cancelled cheque leaf or passbook the of director
- Cell number and email id
- Digital signature for the submission of the GST
LLP
- Certificate of incorporation
- LLP pan card
- Pan card of the designated partners
- Aadhar card of the designated partners
- Partners photo
- Authorization letter of the partners
- Rent agreement along with cancelled cheque leaf
- Cancelled cheque leaf or passbook of the designated directors
- Cell number and email id
- Digital signature
SILVER
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– 2 CLASS 2 DIGITAL SIGNATURE
– 2 Director Identification Number
– Incorporation Fee
– Incorporation Certificate
– PAN & TAN Certificate
– GST Registration
– Commencement of Business Certificate
– Stamp Duty
.
₹ 9999/-
(All Inclusive)
GOLD
.
– 2 CLASS 2 DIGITAL SIGNATURE
– 2 Director Identification Number
– Free Stamp Duty
– Incorporation Certificate
– PAN & TAN
– GST Registration
– One Month GST Returns
– One Month Accounting
– Commencement of Business Certificate
– MSME Registration
– First Year Income Tax Return Filling
.
₹ 19999/-
(All Inclusive)
PLATINUM
.
– 2 CLASS 2 DIGITAL SIGNATURE
– 2 Director Identification Number
– Free Stamp Duty
– Incorporation Certificate
– PAN & TAN
– GST Registration
– One Year GST Returns
– One Year Accounting
– Commencement of Business Certificate
– MSME Registration
– First Year Income Tax Return Filling
– Company Annual Return Filling
– Free Website Designing
.
₹ 24999/-
(All Inclusive)
1Obtain DSC
2Reserve Your Company Name
3Submission of MOA & AOA
4Get Company’s Incorporation Certificate
5Get Company’s PAN & TAN
6Bank Account Opening
It’s an indirect tax, GST stand for Goods and Service Tax. It is a single and complete tax on the supply of goods and services across India, starting from the company to the Customer.
Below are exceptional from the GST Registration:
- An agriculturist – for the purpose of agriculture
- Person wholly supplying goods/ services not liable to tax or entirely exempted from Tax
- Services by any Court or board established under the law
- Services of burial, funeral, crematorium or mortuary, which includes transport of the deceased
- Services by an employee
- Sale of property subject to Schedule 5 (ii) (b), sale of a building
- Unlawful claims, other than lottery, gambling and betting
Payment for the tax or fine, dues, etc. shall be through any of the below payment methods:
- Internet Banking
- NEFT or RTGS
This amount will be credited to the electronic cash ledger of the registered merchant.
The occurrence of supply of goods and/or services i.e. dealings such as the sale, transfer, barter, exchange, license, rental, lease or disposal made, or fixed to be made for a consideration of taxable goods or services, is to be reflected as taxable transactions under the GST Act.
Every person needs to get registered under GST in the state from where he makes taxable supply of goods and/or services, if his aggregate turnover in a financial year exceeds Rs.20 Lakhs.
You need to fill and submit the online application on the GST Portal with the necessary details and provide the supporting documents. Goods and Service Tax (GST) department will evaluate the GST application. Once the online application is approved, you can download the GST Certificate from the portal.
The below are the documents required for GST registration
- Directors / Promotes
- Company / LLP Incorporation Certificate
- Company / LLP PAN
- Bank Statement or Company Cancelled Cheque
- Address Proof and PAN of all the Directors / Promotes
- Photograph of all the Directors / Promoters (.jpg format)
- Authorisation letter to the Primary Signatory
- Digital Signature Certificate (DSC) Authorised Signatory / Signatories
- Company Address Proof – Electricity Bill or Tax Paid Receipt with the address
- No Object Certificate (NOC) from the owner of premises / Rental Agreement in Company Name
Goods and Services Tax Identification Number (GSTIN) is a 15 digits state-wise and PAN-based unique alphanumeric code allotted by the Goods and Service Tax (GST) Portal to each registration. The format of 15 digits GSTIN is as below:
- First 2 Digits – State Code.
- 3 – 12 Digits – PAN number of a company.
- 13th Digit – Number of incorporation of a company inside a state. It will be an alphanumeric (1-9 and A-Z) depends on the total number of incorporation.
- 14th Digit – By default it will be Z.
- 15th Digit – A check code that is used for finding errors.
The primary authorised signatory is the individual who is mainly liable to perform the act on the GST Portal on behalf of the company/taxpayer. He / She can be the promoter of the company or any individual chosen by the promoters of the company.
No, only individuals who have registered under GST are permitted to collect GST from the consumers. An individual who has not registered under GST cannot collect GST or claim the input tax credit on GST paid.
No. A company functioning in multiple states must get registered individually for each of the states from wherever the taxable supply of goods/services is done.
When the application is submitted for registration under Goods and Service Tax Act, the officer will validate the application and on his/her fulfilment, the officer issues the Certificate of Registration under GST in a soft copy.
There are no government fees for Goods and Services Tax (GST) registration in India.
All e-commerce businesses involved in assisting the supply of taxable goods/services shall collect the tax at source during credit or during the time of payment, whichever is earlier.
All individual is essential to get registered under Goods and Services Tax (GST) in the state from where he transacts taxable supply of goods and/or services if his overall turnover in a financial year is more than Rs.20 Lakhs (Rs.10 Lakhs in the North Eastern States).
After submitting the online application with the requisite documents, normally it takes 4-5 working days for approval from GST Department. If the submitted documents are defective, the procedure may be delayed.
Many Indirect taxes like VAT, Service Tax, Excise Duty, CST, Import & Export Tax, Entertainment Tax and Luxury Tax currently only need a GST registration. This will result in minimal compliances and help companies to focus additional on their business.
The Goods and Service Tax (GST) rate will depend upon the category of goods and services. Presently, the slab rates are 5%, 12%, 18% and 28%. Gold and jagged diamonds currently do not come under GST and will be taxed at 3% and 0.25%.
Goods and Services Tax (GST) registration does not have an expiration date. Therefore, a GST registration will be effective until it’s cancelled or suspended.
Only Goods and Services Tax (GST) registration for non-resident taxable individuals and casual taxable individuals have a validity timeframe which is fixed by the GST Authorities when allotting the GST registration certificate.
Soon after the Goods and Services Tax (GST) registration is approved, the applicants can download a copy of the GST Registration Certificate from the GST portal.