GST Registration
₹ 500/- (inclusive all)
- Consultancy for requirement of GST Registration
- Collection of basic Information & documents
- Preparation of required documents
- Share documents for Applicant’s Signature, if required
- Preparation of online application
- Filing of registration application
- GST Registration Certificate
₹ 2,000/- (inclusive all)
- Consultancy for requirement of GST Registration
- Collection of basic Information & documents
- Preparation of required documents
- Share documents for Applicant’s Signature, if required
- Preparation of online application
- Filing of registration application
- GST Registration Certificate
- 3 Months GST Return
What is GST ?
The Goods and Service Tax is the biggest indirect tax reform which blends in all the other taxes into one single tax structure. Under GST Regime, the goods and services are now taxed under a single law being Goods and Service Tax Laws. The taxes are levied at a single rate. The collection is then bifurcated between both Central and State Government in name of CGST and SGST or IGST.
Threshold Limit for Registration
The registration under GST is mandatory for the business entities based on the criteria of turnover or activities. The business dealing in goods and those providing service have to mandatorily apply for GST Registration if their aggregate turnover for a financial year exceeds Rs.40 Lakhs and Rs.20 Lakhs respectively. However, for business making supplies and providing services in the North Eastern States, the same is Rs. 20 lakhs and Rs. 10 lakhs respectively. Owing to its benefits, many dealers also obtain voluntary registration under GST.
The GST registration in India is completely an online process. GST Registration affirms seamless flow of Input Tax Credit in addition to providing recognition as a registered supplier.
Advantages of GST Registration
Documents Requirements
Entity’s PAN Card
A copy of PAN Card of business entity
PAN & Aadhar Card
A copy of Aadhar Card of Proprietor/ Partners/ Directors
Certificate of Registration
Entity should provide registration certificate with MoA- AoA / LLP Agreement or Partnership Deed as applicable
Photograph
Copy of passport size photograph of the Proprietor/ Partners /Directors
Business Address Proof
Latest Electricity bill/ Any Tax paid bill/ Municipal Khata Copy
Rent Agreement
If place is rented, rent agreement is mandatory, else consent letter is sufficient
Digital Signature
DSC of Partners or Directors, in case of LLP and Company only
Bank details
Latest Bank Statement/ Copy of cancelled cheque/ copy of first page of passbook.
Procedure
Frequently Asked Questions
GST is one indirect tax for the whole nation, which will make India one unified common market.
GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage. The final consumer will thus bear only the GST charged by the last dealer in the supply chain, with set-off benefits at all the previous stages.
At the Central level, the following taxes are being subsumed:
a. Central Excise Duty,
b. Additional Excise Duty,
c. Service Tax,
d. Additional Customs Duty commonly known as Countervailing Duty, and
e. Special Additional Duty of Customs.At the State level, the following taxes are being subsumed: a. Subsuming of State Value Added Tax/Sales Tax,
b. Entertainment Tax (other than the tax levied by the local bodies), Central Sales Tax (levied by the Centre and collected by the States),
c. Octroi and Entry tax,
d. Purchase Tax,
e. Luxury tax, and
f. Taxes on lottery, betting and gambling.
Alcohol for human consumption, Petroleum Products viz. petroleum crude, motor spirit (petrol), high speed diesel, natural gas and aviation turbine fuel& Electricity.
Tobacco and tobacco products would be subject to GST. In addition, the Centre would have the power to levy Central Excise duty on these products.
India is a federal country where both the Centre and the States have been assigned the powers to levy and collect taxes through appropriate legislation. Both the levels of Government have distinct responsibilities to perform according to the division of powers prescribed in the Constitution for which they need to raise resources. A dual GST will, therefore, be in keeping with the Constitutional requirement of fiscal federalism.
Centre will levy and administer CGST & IGST while respective states will levy and administer SGST.
Under the GST regime, an Integrated GST (IGST) would be levied and collected by the Centre on inter-State supply of goods and services. Under Article 269A of the Constitution, the GST on supplies in the course of interstate trade or commerce shall be levied and collected by the Government of India and such tax shall be apportioned between the Union and the States in the manner as may be provided by Parliament by law on the recommendations of the Goods and Services Tax Council.
The CGST and SGST would be levied at rates to be jointly decided by the Centre and States. The rates would be notified on the recommendations of the GST Council.
Imports of Goods and Services will be treated as inter-state supplies and IGST will be levied on import of goods and services into the country. The incidence of tax will follow the destination principle and the tax revenue in case of SGST will accrue to the State where the imported goods and services are consumed. Full and complete set-off 14 15 will be available on the GST paid on import on goods and services.
GSTN stands for Goods and Service Tax Network (GSTN). A Special Purpose Vehicle called the GSTN has been set up to cater to the needs of GST. The GSTN shall provide a shared IT infrastructure and services to Central 14 15 and State Governments, tax payers and other stakeholders for implementation of GST. The functions of the GSTN would, inter alia, include: (i) Facilitating registration; (ii) Forwarding the returns to Central and State authorities; (iii) Computation and settlement of IGST; (iv) Matching of tax payment details with banking network; (v) Providing various MIS reports to the Central and the State Governments based on the tax payer return information; (vi) Providing analysis of tax payers’ profile; and (vii) Running the matching engine for matching, reversal and reclaim of input tax credit. The GSTN is developing a common GST portal and applications for registration, payment, return and MIS/ reports. The GSTN would also be integrating the common GST portal with the existing tax administration IT systems and would be building interfaces for tax payers. Further, the GSTN is developing back-end modules like assessment, audit, refund, appeal etc. for 19 States and UTs (Model II States). The CBEC and Model I States (15 States) are themselves developing their GST back-end systems. Integration of GST front-end system with back-end systems will have to be completed and tested well in advance for making the transition smooth.
The Supply of goods and/or services is a taxable event. CGST & SGST will be levied on intra-state supplies while IGST will be levied on inter-state supplies. The charging section is section 7 (1) of CGST/SGST Act and Section 4(1) of the IGST Act.
No, reverse charge applies to supplies of both goods and services.
The receiver of goods will not be able to get ITC. Further, the recipients who are registered under composition schemes would be liable to pay tax under reverse charge.
No, composition scheme is applicable subject to the condition that the taxable person does not affect interstate supplies.
No, taxable person under composition scheme is not eligible to claim input tax credit.
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