GST Registration online

In order to comply with the provisions of Goods and service tax law and avail eligible benefits, businesses need to undertake registration with the GST Act 2017 and take GST Number. In order to register for GST, taxpayers need to submit certain documents, fill in requisite business related information and file the online application on GST Portal. Upon filing the necessary details, Temporary reference number allotted and the application is sent to the GST authorities for review and approval. In case the GST authorities have any questions, the application is sent back to the taxpayer seeking additional clarifications. In such case, the taxpayers need to provide appropriate responses to clarifications sought by GST authorities. If the GST authorities are satisfied with the responses/ business details provided, the application would get approved and the certificate of GST registration containing the Goods and Services Tax Identification Number (GSTIN) or GST number would be made available to the taxpayer. This entire process of filing the online application to the receipt of GST Registration certificate is covered under our GST Registration Service offering. Our GST Registration consultants will help in each step.

GST Registration based on aggregate turnover. Aggregate Turnover Threshold Limit from 1st April 2019

• The annual turnover exceeds INR 20,00,000 (20 Lakhs) for Special Category States; and
• The annual aggregate turnover exceeds INR 40,00,000 (40 Lakhs) in all other cases

Aggregate Turnover Threshold Limit till 31st March 2019

• The annual aggregate turnover exceeds INR 10,00,000 (10 Lakhs) for Special Category States; and
• The annual aggregate turnover exceeds INR 20,00,000 (20 Lakhs) in all other cases

Read more about Threshold Aggregate Turnoveru Limit for GST Registration

Person listed below required to register under GST irrespective of there aggregate Turnover

1. Inter-state supplies
2. Casual taxable persons
3. Non-Resident taxable person
4. Agents of supplier & Input service distributor
5. Persons liable to pay tax under reverse charge mechanism
6. e-commerce aggregators
7. Persons supplying via e-commerce aggregators
8. Persons liable to comply with TDS/ TCS provisions
9. Person supplying online information and database access or retrieval services (u2018OIDAR’) from a place outside India to a person in India
10. Persons having Service Tax/ VAT/ Central Excise registration
11. Transferee in case of a business transfer
12. Successor in case of a business succession

Read more about Who should register under GST supplying goods or services.

Documents required for GST Registration by Private Limited Company or Limited Liability Partnership:-

1. Copy of Company/LLP PAN Card.
2. Copy of Address Proof (If property is owned -Electricity Bill, Water Bill, house tax receipt, Telephone Bill otherwise rent agreement)
3. Directors/Partners Details- PAN card, Adhaar card, Photo, Mobile number, Mail Id
4. Copy of Cancelled Cheque.
5. Copy of Board Resolution for Authorized signatory.
6. Nature of business for identifying HSN Code (Goods/ services).
7. Digital Signature of Authorized Signatory.
8. Proof of additional place of business, if any.
9. Certificate of Incorporation/ Partnership deed of LLP

Documents required for GST Registration by Partnership Firm:

1. Copy of Partnership PAN Card.
2. Copy of Address Proof (If property is owned -Electricity Bill, Water Bill, house tax receipt, Telephone Bill otherwise provide rent agreement).
3. Partners Details- PAN card, Adhaar card, Photo, Mobile number, Mail Id.
4. Copy of Cancelled Cheque.
5. Authorization letter to authorize one of the partner to sign under GST.
6. Nature of business for identifying HSN Code (Goods/ services).
7. Proof of additional place of business, if any.

Documents required for GST Registration by Proprietor:

1. Proprietor Details- PAN card, Adhaar card, Photo, Mobile number, Mail Id.
2. Copy of Address Proof (If property is owned -Electricity Bill, Water Bill, house tax receipt, Telephone Bill otherwise provide rent agreement)
3. Copy of Cancelled Cheque.
4. Nature of business for identifying HSN Code (Goods/ services).
5. Proof of additional place of business, if any.
6. Trade name of business

Benefits of GST Registration:

GST Registration is an obligation imposed by law and heanc a mandatory compliance. However, GST Registration numberhas several benefits in place for Registered taxpayers. Some of the benefits are summarised below:

Availability of Input Tax Credit:

Input Tax Credit (ITC’) on purchases would be available only for Registered taxpayers. By availing GST Registration, taxpayers would be able to offset the ITC against the output GST liability, thereby reducing the cascading effect of GST and optimising the value of goods/ services offered to customers.

Eligibility to pass on ITC to buyers

A Registered taxpayer would be able to pass on the benefit of ITC to the Buyer, thereby facilitating a seamless flow of tax credits. Hence, the turnover of the business would have a great potential to multiply as Buyers would be willing to purchase only from registered taxpayers.

Undertake Inter-state and export sales

A Registered taxpayer would be able to undertake inter-state an export sales without any restrictions, thereby increasing the extent and volume of business.

Contribute to nation building

GST indirectly enforces buyers and sellers to undertake business transactions in a transparent manner by reporting transactions and comply with law at various stages. This process facilitates continuance of the tax chain across economic life cycle of the business. By being a Registered Taxpayer, paying taxes on time and complying with various reporting requirements, you can be proud that you are one of the contributor to nation building.

Stringent penalties have been prescribed for non-registration under GST, wherever applicable.

• In case of a genuine error or short payment of GST with bonafide reasons, there would be a penalty of 10% of the GST amount, subject to a minimum of INR 10,000.
• However, in case of a deliberate attempt to evade GST, the penalty would be 100% of the GST amount. In addition, the owners of the business may also be liable to imprisonment as under:

As per Rule 18 of CGST Act 2018, following needs to be displayed by every registered person at principal place of business and at every additional place of business. 1. Copy of registration 2. GSTIN on the name board exhibited at the entry Below is the reference of relevant rule: Rule 18 : Display of registration certificate and Goods and Services Tax Identification Number on the name board (1) Every registered person shall display his certificate of registration in a prominent location at his principal place of business and at every additional place or places of business. (2) Every registered person shall display his Goods and Services Tax Identification Number on the name board exhibited at the entry of his principal place of business and at every additional place or places of business.