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GST Registration – Overview
Businesses must register as regular taxable persons under the Goods and Services Tax (GST) if their annual revenue exceeds the threshold limit of Rs. 40 lakhs (in case of goods), Rs. 20 lakhs (in case of services), or Rs. 10 lakhs, as applicable. GST registration is the term for it.
It is mandatory to generate the GSTIN if annual turnover exceeds the above prescribed limit. If the company conducts business without registering for GST, it is an offence and faces severe penalties.
It typically takes 4 to 6 working days to register for GST. In 3 simple steps, Team Online Legal India can assist you in obtaining GST registration more quickly.
Types of GST Registration
Regular, Sporadic, non-resident and e-Commerce operators are Some of the different GST registration categories. Casual taxpayers, non-resident taxpayers, and e-Commerce enterprises must register for GST regardless of the turnover criteria.
CASUAL TAXABLE PERSONS
According to the GST Act, a casual taxable person is a person who sporadically offers goods or services in a state or a Union territory where the firm doesn’t have a fixed location. Individuals running roaming businesses at shows or seasonal operation would so be regarded as casual taxable people under the GST.
NoN-RESIDENT TAXABLE PERSONS
A non-resident taxable person is any person, corporation, or organisation that offers goods or services subject to the GST but dose not have a permanent place of business or habitation in India (NRI). Because of this , any foreign person, business, or organisation that provides goods or services India would be regarded as a non-resident taxable person and would have to follow all applicable GST legislation in India.
E-COMMERCE OPERATORS
An “electronic commerce operator” is somebody who owns, operates, or platform for electronic commerce. Anyone who sells online can be categorised as an e-Commerce Operator and is consequently needed to register for GST, regardless of the amount of business earnings.
Required Documents for GST Registration
What is a GST Return?
A GST return is a record of income that must be submitted to the tax authorities in accordance with the legislation. A taxpayer is required by the GST law to submit two GST returns, either monthly/quarterly and one return each year (if applicable). All tax returns must be submitted electronically. Please be aware that there is no option to avoid return filing. All unreported invoices for the prior tax period must be included in the current month. A registered dealer is required under the GST to submit returns for purchases, sales, output, GST (On Sales), and input tax credit (GST paid on purchases).
What is GSTIN?
Each GST taxpayer receives a different identification number or GSTIN. Anyone with a GST number can access the GST portal to validate a GSTIN number.
What is the GSTN?
The Goods and Service Tax Network (GSTN) is a section 8 (non-profit) private limited business that operates outside of government. GSTN serves as a one-stop shop for all of your indirect tax needs. To assist you in preparing, filing, amending returns and paying your indirect tax bills, GSTN is in charge of managing the Indirect Taxation platform for GST.
Benefits of GST Registration
GST Registration Fees
The lengthy 11-step procedure of registering for GST necessitates the submission of numerous business details and scanned documents. Although there are no fees specified by the GST law for self-register on the GST system, purchasing the GST registration plan with Online Legal India can save you a tonne of time and hassle. You can choose Online Legal India’s GST Registration services, where a GST Expert will help you with GST Registration from beginning to end.
Penalty for not obtaining GST registration
A penalty of 10% of the tax amount owed, subject to a minimum of Rs. 10,000, must be paid by the violator who fails to pay taxes or makes short payments (sincere errors).
When the offender has purposefully avoided paying taxes, the penalty is 100% of the amount owed.
Benefits of GST Registration
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Why Us?
- Recognized by Govt. of India
- Data Security & Trust
Super Fast Service
- 1 Lakh+ Happy Clients Across India
- Trained & Professional Experts
- Quick Response Team
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- On Time Service
- Affordable Than Other Professionals
How We Work?
- Fill the Form & Make the Payment
- Call From The GST Expert
- Send The Required Documents to Online Legal India
- Experts of Online Legal India will upload your documents on Govt portal > ARN & TRN number will be generated
- Congratulations! Your GSTIN Successfully Registered
- GST Certificate Send To You
GST Registration FAQs
What is GST?
GST or Goods and Service Tax is a kind of indirect tax for India and applicable on the supply of products and providing of services. It is a comprehensive and multi-staged assessing; comprehensive because it has subsumed all the indirect taxes except a few and multistage because it is implicated at every step within the generation prepare. It is supposed to be discounted to all the parties within various stages of generation except the ultimate consumer.
Will I be eligible to file the GST Returns?
Yes! With the free GST Registration services, Online Legal India™ also provides three different packages to file the GST Returns on-time for the GST registered business individuals in India.
What is the need of GST?
It is a mandate issued by Govt. of India who basically try to save tax and keep oneself from the cascading effect of tax.
Is it necessary to pay GST?
Yes, it is mandatory to pay GST for all the tax payers who is registered under GST regime.
What is the full form of CGST, SGST, IGST?
The full form of CGST– Central Goods and Service Tax | SGST– State Goods and Service Tax | IGST– Integrated Goods and Service Tax
What is the difference between CGST, SGST and IGST?
CGST and IGST are levied by Central Govt. and SGST is levied by State Govt.
CGST and SGST are paid for Intra-State Supply and IGST is paid for inter-State supply.
What is the limit to be considered under the GST law?
The limit to be considered under GST law differs on the basis of different categories.
Manufacturing Sector – 40 lakhs
Service sector – 20 lakhs
In North Eastern states – 10 lakhs
Do I need to visit the GST Department with papers for any purpose?
No, you don’t. Online Legal India looks after each and every procedure. You don’t need to visit any Govt. office. You just have to simply register on our official website and get your GST registration done at ease
What is the concept of an origin based tax on consumption?
Origin Based Tax or production tax is levied where services or products are produced.
What is the concept of a destination based tax?
Destination based tax or consumption tax are levied where the services or the products are being consumed. In this kind of taxation, exports are considered together with nil tax amounts whereas imports are taxed on par with the production done in the domestic sphere.
What is the GST tax rate?
Goods and Services are categorized into five categories of tax slabs for collection of tax- 0%, 5%, 12%, 18% and 28%.
What are the penalties for not registering under GST?
IN case of delay in GST filing, the penalty of Rs. 200/- is charged per day. There is no late fee charged in IGST.
When GST Return is not filed, then 10% of the due tax will be the penalty amount or Rs. 10000, whichever is earlier.
When someone commits fraud, then there will be a penalty which is 100% of the due tax or Rs. 10000 – whichever is earlier.
What is Composition Scheme?
Composition Scheme is a easy process under the GST law for all the taxpayers who can avoid difficult formalities pay the GST at a fixed rate based on the turnover. The taxpayers, whose revenue is less than Rs. 1 crore, can opt for this scheme. But recently the CBIC announced the increase the threshold limit from Rs. 1 crore to Rs. 1.5 crores. In case of North eastern states and Himachal Pradesh, the limit is now Rs. 75 lakhs. The GST rate under the composition scheme is only 1 % of the annual turnover in case of the manufacturer or traders of products.
What is the GST Turnover Limit?
In case of sale of goods, if the business exceeds 40 lakhs, in case of service provider if it exceeds 20 lakhs, and in case of Special category states if it exceeds 10 lakhs, then one has to register for GST.
What is the time limit to register for GST?
A person liable for GST registration must apply for the GST within 30 days from the date he becomes liable for GST.
Is PAN mandatory for the registration of GST?
PAN is mandatory for general taxpayers and also the casual taxpayers entitled under GST.
Can a business operate across India with one GST number?
An entity operating in multiple states will have to register separately for each state from where supplies of goods or services take place.
What is the validity of GST certificate?
Once the GST Certificate is issued, the registration is valid until it is surrendered, cancelled or suspended. Only GST certificate issued to non-resident taxable person and casual taxable person have a limited validity period.
Who is a Casual Taxable Person?
Casual taxable person is one who occasionally undertakes transaction within a taxable territory where he does not have a fixed place of business.
Who is a Non-resident Taxable Person?
When a taxable person resides outside India to undertake the transaction occasionally in the country and does not have a fixed place of business in India, he/she is a non-resident taxable person.
How long does it take to obtain GSTIN?
GSTIN is allotted within 24 hours after submitting GST application with all necessary documents on Govt. portal.
How to get GST certificate?
GST certificate is provided in soft copy format by Govt. of India. After the allotment of GSTIN, GST certificate can be downloaded from the GST portal at anytime by the applicant.
When do you need to register under the GST Act?
You need to register within 30 days since your liability arises. In case of Casual Taxpayers and Non-residential taxable person, the person needs to register under GST 5 days prior to the commencement of the business.
What is ARN & TRN in GST registration?
ARN stands for Application Reference Number. It is a proof of successful submission of the application to GST servers. It is generated after TRN or Temporary Reference Number and uploading of required documents.
How to Choose HSN or SAC Code during GST Registration?
HSN or SAC code refers to Goods and Services code. At Online Legal India, the GST expert helps you to choose the suitable HSN or SAC Code after getting the details about the business.
Do I need to be physically present during the GST registration?
Online Legal India offers the entire GST Registration service online. You don’t need to be physically present during the registration. You only need a device (phone/computer), internet and required documents. We will get the job done for you, even if you are at the remotest location of the country.
When to apply for multiple GST registrations?
Under the GST regime, only one registration is allowed against one PAN. But when a business is operated in more than one state must have separate GST numbers for each state. Businesses with multiple verticals within a state need to register for each of the verticals.
Is the GST threshold limit the same for all Indian states?
The exemption limit is a supply turnover of Rs. 20 lac for businesses in all except for the Indian states in the northeast region. Businesses in Arunachal Pradesh, Assam, Meghalaya, Manipur, Mizoram, Nagaland, and Tripura must get a GST registration if their supply turnover exceeds Rs. 10 lac. As mentioned above, this threshold limit applies only to businesses that operate within their home state. A business that conducts trade with another state must seek registration regardless of turnover.
Do I need a commercial address for the registration?
If you are handling your business from your home, then you can register the residential address with the GST. It requires only the address proof such as electricity bill, NOC, sale deed or link agreement.
When Digital Signature is required for the GST Registration?
DSC is required in case of private limited company, LLP etc. In case of proprietorship firm or partnership firm, DSC is not required.
Do I need a bank account for the GST registration?
Yes you do need a personal saving account or current account. If you are starting a new business and have a personal saving account, then it can be provided and after the registration is done, you can apply for the new current account depending on the GST certificate.
What action required after the GST Registration?
After applying for the GST registration, each month you have to raise GST invoice for your customers or clients and charge proper GST amount to them. At the end of the month you have to pay the taxes online.
Is there any chance of rejection during GST registration?
If you don’t submit correct required documents during submission of registration, then the jurisdiction officer shall reject the application. You have to apply again along with proper documents.
What documents are required as a Place of Business proof?
We require the copy of electricity bill or NOC from the landlord in case of rented place. NOC format will be share by our company during registration process.
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