GST Registration

Businesses Whose Annual turnover exceeds 40 Lacs (20 Lacs in North Eastern States) shall have GST registration

 

Enjoy the benefits of Government Schemes, Ease in Loan approval, Business Expansion & be a part of Nation developments 

RS. 999/-

Get GST Registration Certificate in just 1 Working Day

GST Registration






What is GST Registration?

  • The full form of “GST” is Goods & Service Tax & It’s also known as “One Nation One Tax”.
  • This Tax comes Into force on 1st July 2017 by 101 amendment in the Constitution of India by the Central government.
  • GST replaced existing VAT, Service & other Tax of Central & State government.
  • It is Destination Based tax levied on goods & services or Tax levied based on place of Supply of Goods & Services.
  • In GST Act, The Cascading (Tax on Tax) effect of Tax paid by the different person (i.e. Manufacture, Wholesaler & Retailer etc.) involved in Transaction of the Goods & Service is removed and provide relief to the taxpayer at a different level.
  • All the E-commerce operator needs to collect TCS (Tax collected at source) upfront at the rated maximum 1% of the Taxable Value of Goods & Services.
  • The GST helps the Registered Taxpayer to do a self-assessment of Tax & pay according to that Assessment.
  • Now the person required to have a GST registration & no need to register their business in different Central & State tax act.
  • The GST rate levied by government are 0% to 28% Slabs based on the nature of goods & services.
  • The GST divided into parts are:-
  1. CGST (Central Goods & Services Tax).
  2. SGST (State Goods & Services Tax).
  3. IGST (Integrated Goods & Services Tax).
  4. UTGST (Union Territory Goods & Services Tax).
  • All the amendment, rate, notification, slab, rules & regulation are covered under the GST council (Include Central & State Finance Ministers).

Procedure of GST Registration

GST Registration Package

Expert Consultancy

HSN codes

GST Invoice format

Discounted GST Return

GST Registration

Certificate

Drafting of Documents

CGST (Central Goods & Service Tax)

  • The CGST (Central Goods & Service Tax) in the GST Act is applies in the case of Intra State (Eg. Gurgaon to Rohtak) supplies of Goods & Services.
  • The CGST is levied & Governed by the Central Government under the GST Act.
  • The maximum 14% tax rate is charged on Value of Taxable Supplies of Goods & Services by Central Government under CGST.
  • When Intra State supplies made both CGST (Central Goods & Service Tax) & SGST (State Goods & Service Tax) is Applicable.
  • The CGST & SGST tax is Collected, Levied & Governed by the both Central Government & State Government.
  • The CGST is deposited with Central Government & SGST with State Government.

Let’s take an Example. Product A Value Rs. 10000 supply from Mumbai to Navi Mumbai & GST (CGST-6% & SGST-6%).

  1. The Taxable Value of Supply or Total GST amount = Rs. 10000*12%= Rs.1200/-.
  2. Tax Collected by CGST = Rs.10000*6%= Rs.600/-.(Collected by Central Government).
  3. Tax Collected by SGST = Rs.10000*6%= Rs.600/-. (Collected by State Government).

SGST (State Goods & Service Tax)

  • As discussed above (i.e. CGST) on the Intra State supplies CGST & SGST is Levied.
  • The SGST (State Goods & Service Tax) in the GST Act applies in the case of Intra State (Eg. Jaipur to Ajmer) supplies of Goods & Services.
  • The SGST is levied & Governed by the State Government under the GST Act.
  • The maximum 14% tax rate is charged on Value of Taxable Supplies of Goods & Services by State Government under SGST.
  • When Intra State supplies made both CGST (Central Goods & Service Tax) & SGST (State Goods & Service Tax) is Applicable.
  • Any liability related to taxable goods & Service supplies is set off against the only SGST & IGST Input Tax credit only OR SGST tax Liability set off only for SGST & IGST Input Tax credit only.
  • SGST tax liability cannot set off against CGST Input Tax Credit.
  • The CGST & SGST tax is Collected, Levied & Governed by the both Central Government & State Government.
  • The CGST is deposited with Central Government & SGST with State Government.

Let’s take an example. Product A Value Rs. 10000 supply from Mumbai to Pune & GST (CGST-9% & SGST-9%).

  1. The Taxable Value of Supply or Total GST amount = Rs. 10000*18%= Rs.1800/-.
  2. Tax Collected by CGST = Rs.10000*9%= Rs.900/-.(Collected by Central Government).
  3. Tax Collected by SGST = Rs.10000*9%= Rs.900/-. (Collected by State Government).

IGST (Integrated Goods & Service Tax)

  • The IGST (Integrated Goods & Service Tax) in the GST Act applies in the case of Inter-State (Eg. Maharashtra to Rajasthan) supplies of Goods & Services.
  • The IGST (Integrated Goods & Service Tax) is also applicable to Import in India & Export from India.
  • If Export is taxable rate is 0% then tax is shared equally with the Central Government & State Government.
  • The IGST is levied & Governed by the Central Government under the GST Act.
  • IGST is deposited with the Central Government except in case of zero-rated Export.

Let’s take an Example. Product A Value Rs. 10000 supply from Maharashtra to Rajasthan & IGST 18%.

  1. The Taxable Value of Supply or Total GST amount = Rs. 10000*18%= Rs.1800/-.
  2. Tax Collected by IGST = Rs.10000*18%= Rs.1800/-.(Collected by Central Government).

WHO NEED GST REGISTRATION?

GST registration is mandatory for the following categories of person are:-

 

  • Registered Tax Payer In Previous Law

The person already registered in previous Vat, Service Tax, Excise & Octroi Tax required to have GST registration.

 

  • Turnover Limit

The person whose Goods Turnover exceed the limit of Rs. 40 lakh required to get GST registration and not selling Ice Cream, Pan Masala & Tobacco but for North Eastern Region Turnover Limit is 10 Lakh.

The person whose Service Turnover exceeds the Limit of Rs. 20 Lakh then he required to have GST registration.

 

TURNOVER*

Addition of Taxable, Exempt, Exports, Inter-State Supplies (-) Subtraction of Taxes paid, Value of Inward, Taxable under Reverse Charge, Value of Non-Taxable Supplies.

 

  • Casual Taxpayer

The Person who doesn’t have a permanent place of Business or doing event or exhibitions needs to have GST registration & GST has a validity of maximum 90 days.

 

  • Reverse Charge

The person falls under the category of Reverse charge in which tax paid by service provider instead of Service receiver.

 

  • Sell on E-Commerce

The person sells goods & Services on E-commerce (eg. Flipkart, Amazon etc.) or Online Platform then he required to have GST registration.

 

  • Own Online or E-Commerce Platform

The person register his E-commerce Company and start his own Online Business by selling goods & services (eg. Products, AC services & etc.) then he required to have GST registration.

 

  • Online platform Outside India for Indian.

The person provides the Goods & services outside India through Online platform to Indian Visitor (eg. Software Company or Matrimonial Sites) then he mandatory required GST registration.

 

  • Non-Resident Indian (NRI).

The person Runs or Handle or Maintain the business of NRI in India or Person is NRI in this case you need to have GST registration.

NRI* Means the person not living in India for more than 182 days in previous Calendar Year.

  • Input Tax Distributor or Suppliers Agent.

The person carries forward the benefits of Input Tax credit but Input Tax distributor is required to register under the GST Act.

PERSON* means Natural (eg. Ram, Shyam & Rohan etc.) & Artificial Person (eg. Company, HUF & body corporate etc.)

Composition of GSTIN

The GST registration also Known as GSTIN. The GSTIN Number Consist of 15 digit number which is the combination of the following information are:-

 

  • First 2 Digits:- The 2 first digit of GST number is represent the state code in which the business is registered.
  • Next 10 Digits:- It’s the PAN number of the Business/person who registers in this act.
  • 13th Digit:- It represents the number of GST number issued to person/business on the same PAN Number.
  • 14th Digit:- This Digit is included the word “Z” as default & it appears default in all the GST number holder.
  • 15th Digit:- The 15Th digit is known as checksum digit which is derived from the combination of previous 14th digits.

TYPES OF GST REGISTRATION

COMPOSITION SCHEME

 

The person who avail the Composition Scheme having maximum Turnover of Rs. 1.5 Cr. for Goods & Rs. 50 Lakh for Service Provider In Financial Year Subject to Satisfaction of the following Conditions are:-

  1. No Claim of Input Tax Credit;
  2. Prohibition on Supply of Exempted Goods;
  3. Paid tax on Reverse Charge Basis;
  4. A person Need to Display “Composition Dealer” on Bill or Invoice or Sign Board & Place of Business etc.

 

WHO IS NOT ELIGIBLE FOR COMPOSITION SCHEME

 

The following person can’t opt for the Composition Scheme are:-

  1. Person Manufacture of Ice Cream, Pan Masala & Tobacco Products.
  2. The person Involved in Making Inter-State Supplies (Maharashtra to Delhi etc).
  3. Casual Taxpayer (Event or Exhibitions etc).
  4. Non-Resident Indian (NRI) Taxpayer.
  5. Selling of Goods & Services through E-Commerce or Online Platform.
  6. The Restaurant Who Serve Alcohol.

 

REGULAR DEALER OR CASUAL TAXPAYER

 

The following person go for the GST registration under Regular Dealer are:-

  1. A Person falls in Criteria for GST Registration.
  2. Not opt for Composition Scheme.
  3. The person whose Turnover Exceed the Rs. 1.5 cr Threshold Limit.
  4. Person Manufacture of Ice Cream, Pan Masala & Tobacco Products.
  5. The person Involved in Making Inter-State Supplies (Maharashtra to Delhi etc).
  6. Casual Taxpayer (Event or Exhibitions etc).
  7. Non-Resident Indian (NRI) Taxpayer.
  8. Selling of Goods & Services through E-Commerce or Online Platform.

BENEFITS OF GST REGISTRATION

Legally Register Business

The Person register under the GST Act means the Business is registered with Government of India and help the person to expand his Business.

Expansion of Business

The person after GST registration free to do business without any government hassle and expand the business to a National or International (Export/Import) level.

Avail Government Schemes

The Government of India is a plan to provide an Insurance policy for the GST registered taxpayer and also develop various schemes related to Textile Sector & other sectors.

Brand Value

The Brand Value of the Business Increased Because the person raised Invoice bill after charging applicable GST tax rate and provide a unique value from other vendors in the market.

Competitive Advantage

The person can do Business In many categories of Goods & services to get a competitive advantage on their revivals in the Market. In the GST Act, many categories of goods & services (Eg. Tobacco & Pan Masala etc.) are not provided without GST registration.

Claim Input Tax Credit

The person who supplies Goods & services to Manufacture or any dealer and person is eligible to claim Input Tax credit then he required to have GST registration to do so. GST registration is mandatory to claim Input Tax Credit.

Easy Loan Availability.

The Government of India launched an online loan approved portal for GST registered taxpayer to provide Loan within 59 Minutes. All the Information collected by the Bank from GST Online portal to provide loan Assistance on basis of Turnover & other criteria.

Avoid Penalty

The person needs to have GST registration for his Business after crossing the criteria of Turnover or other conditions. Otherwise, GST department levied heavy penalty (100% of Value of Goods & Services) for not having GST registration for their business.

Sell Goods & Services In India Without Restriction

Every person wants to sell goods & services in whole India to expand his business & profit but without GST registration can’t sell in whole India because he needs to raised E-way bill. The Supplier transport (any means) Goods exceed the value of Rs. 50000 then he needs to raised E-way bill.

Apply for Any Tenders

As on date it compulsory for the Tender applicant to have GST registration certificate. The various organisation have pre-qualified criteria to provide tender is to have Compulsorily GST registration for Tender applicant.​

Sells Goods & Services through E-commerce or Online Platform

Everyone wants an online presence in today world & wants to sell Goods & services through E-commerce platform (eg. Amazon) or Register their E-commerce company and GST registration Mandatory to sell goods or services on his company website & it helps in Increasing the Company Customer Base.

DOCUMENTS REQUIRED FOR PROPRIETORSHIP REGISTRATION

DOCUMENTS FOR INDIVIDUAL/SOLE PROPRIETORSHIP

  1. Name of Sole Proprietorship Firm/Individual.
  2. Pan Card of Individual.
  3. Identity Proof (Driving License or Passport or Voter ID).
  4. Address Proof (Mobile Bill or Electricity bill or Bank Statement) & Not Older than 2 Months.
  5. Registered Office.
  6. Property Owned (Sale Deed or Electricity Bill) OR Property Rented ( Rent Agreement).
  7. Area Of Business.
  8. Bank Accounts Details.

Documents For Company / LLP / Society / Body Corporate / Firm

  1. Name of the Company/LLP/Society/Body Corporate/Firm.
  2. Passport Size Photo of all Promoter/Members/Directors/Partners.
  3. Identity Proof (Driving License or Passport or Voter ID) of all Promoter/Members/Directors/Partners.
  4. Address Proof (Mobile Bill or Electricity bill or Bank Statement) of all Promoter/Members/Directors/Partners & Not Older than 2 Months.
  5. PAN Card (Mandatory).
  6. Passport is mandatory for Foreign National or Non-Resident India (NRI).
  7. Area Of Business.
  8. Registered Office proof.
  9. Property Owned (Sale Deed or Electricity Bill) OR Property Rented ( Rent Agreement).
  10. Bank Accounts Details.
  11. DSC of Authorised Person.

PROCESS OF GST REGISTRATION

1. COLLECTION OF DOCUMENTS

  1. Professional provides Documents Checklist.
  2. Preparation of Digital Signature.
  3. Attestation & Notarization of Documents Provided.
  4. Professional Check documents & follow up with You.

2. PREPARATION GST REGISTRATION APPLICATION

  1. Preparation of GST-1 for GST registration.
  2. Fill the Details of Business & other Information.
  3. Pre-security of all Documents.

3. FILING OF DOCUMENTS

  1. Attached the DSC of Directors/Promoters/Individual/ Members/Partners.
  2. File with GST authority
  3. Follow up with Relevant Authority

4. GST REGISTRATION

  1. Get GST registration with 2 Working Days.
  2. GST registration Certificate in GST-6.

PENALTY NON COMPLIANCE OF GST REGISTRATION

  • NO GST REGISTRATION

100% of Tax payable or Rs. 10000 (Higher of two).

 

  • NOT ISSUING GST BILL/INVOICE

100% of Tax payable or Rs. 10000 (Higher of two).

 

  • DEFAULT IN INVOICING

Rs. 25000.

 

  • DEFAULT IN GST RETURN

Nil Return:- Rs. 20 per Day per Return.

Tax Liability Return:- Rs. 50 per Day per Return.

FAQ

RELATED TO GST REGISTRATION

The GST registration is a type of government Tax registration. It’s for those businesses whose turnover exceeds Rs. 40 lakh (20 Lakh in North East State) per year by the trading of any goods or services. The person requires to pay GST on the value of Good or services to GST department with the government prescribed tax rate.

The applicant need to follow the following steps are:-

Step 1:-  Apply for GST registration on Estellaconsultancy;

Step 2:- Collection of Documents as the checklist provided to you.

Step 3:– Preparation of GST application

Step 4:- Apply for GST registration of a business to GST Registering authority;

Step 5:- The GST department intimate you after the GST registration.

Note:-

It’s advisable to you kindly consult the lawyer or expert or professional before applying for GST registration because the GST application shall include various Important clause or provision which is not understandable by a normal person.

The cost of GST registration for the Business is Rs. 999/- (Inclusive of Tax)   only.

The Applicant has Address proof, Identity proof, work ownership Proof, Authorisation letter, Bank accounts details (Optional), Bye-laws, Business details etc. for GST registration in India.

GST registration validity depends upon the tenure of any business and it’s valid upto the life or tenure of business. The business owner requires to cancel the GST registration certificate after closing business otherwise he is liable for the penalty for not filing GST returns.

The applicant need to attached his DSC (Digital Signature)  When an applicant applied for online GST registration then Digital Signature (DSC) is required for attached with a GST application.

Any person including Individual, company, Body corporate etc whose Business turnover exceeds Rs. 20 Lakh can apply for GST registration. The person is also eligible for GST registration whose turnover not exceeds Rs. 20 Lakh.

No, an applicant not able to register 2 or more Business by filing the single application. The applicant requires to file a single application for his one Business.

No, the Business registered under the Central Goods and Services Tax Act, 2017 is Valid throughout India.

There is no Government fee for GST registration.

We Estellaconsultancy taken maximum 3 days for filing the GST registration application subject to availability of documents demanded by us from the applicant.

No, an applicant not required to renew his GST certificate because the validity of GST work is upto the whole lifetime of the business.

Yes, The changes are allowed in the GST registration certificate such as Correction applicant name or any spelling mistake, Opt composition scheme subject to the approval of designating GST authority. 

Yes, The Central Goods and Services Tax Act, 2017 allowed to foreign National to register their GST number in India.

No, The business owner not able to sell or rent his GST registration to other person but in case of Death Individual Business owner then GST number transfer to his legal heirs or nominee by making an application to the GST department.

The government of India merged the following Central & State taxes into GST tax are:-

Central Tax

  • Excise Duty including Duty on Medical, Special Importance Goods & Textile;
  • Service Tax;
  • Excise CVD (Counter Vailing Duty);
  • Custom Duty;
  • Central Surcharge & Cess on Goods & Services.

State Tax

  • Sales or VAT Tax;
  • Luxury Tax;
  • Goods entry Tax;
  • Tax on Lottery, Gambling & Betting;
  • Entertainment Tax;
  • Amusement Tax;
  • Advertisement Tax;
  • State Surcharge & Cess on Goods & Services.

Estella Consultancy provide Online GST registration services in Mumbai, Bangalore, Chennai, Delhi, Gurgaon, Jaipur, Kolkata, Bhiwadi, Ajmer, Jhansi, Bhopal, Indore,  Kerala, Pune and all the major cities in India.

Yes, The Foreign company can apply for GST registration in India by making an application with GST department in a prescribed form. 

The power of attorney is a legal authorisation to the person who is going to file the GST registration application on the behalf of the applicant and its signed and attested by the applicant.

A Business can apply for GST number through Estellaconsultancy portal and the following steps require for GST registration are:-

  • Apply Online;
  • Make Payment;
  • Submit Documents as per checklist;
  • Business Details;
  • Applicant Details;
  • HSN Code of Business Activity;
  • Contact details Including Email Id;
  • Bank Account Details;
  • Get ARN Number.

The Taxation system in the Central Goods and Services Tax Act, 2017 is a destination or consumption-based tax. It means the GST tax levied on the place where the goods or services consume or render. The Export of Good or services are exempted in this Act but In case of Import, the GST tax levied as it’s in India.

The Central Goods and Services Tax Act, 2017 divided the GST tax into the following 4 categories are:-

  1. CGST (Central Goods & Services Tax).
  2. SGST (State Goods & Services Tax).
  3. IGST (Integrated Goods & Services Tax).
  4. UTGST (Union Territory Goods & Services Tax).
  1. The Central government administer and levied CGST (Central Goods & Services Tax) & IGST (Integrated Goods & Services Tax).
  2. The State government administer and levied SGST (State Goods & Services Tax).
  3. The Union territories administer and levied UTGST (Union Territory Goods & Services Tax).

The Export of Goods or services is considered as Taxable with the 0% GST Tax rate. The exporter has the following two options to claim the Input tax credit on export goods or services are:-

  • Pay GST on the output of goods or services and claim a refund of IGST (Integrated Goods & Services Tax) or
  • No payment of GST tax but export under the bond executed with GST department and claim the refund of Input GST tax credit.

The Import of Goods or services is treated as it is manufacture in India and levied GST tax as per the destination or consumption-based. The Importer requires to pay GST tax as per the IGST (Integrated Goods & Services Tax) provisions.

1st April 2017 is the effective date of GST applicable in whole of India.

Yes, The GST provision applicable to all the B2B (Business to Business) transaction of any goods or services.

Yes, The GST provision applicable to all the B2C (Business to Consumer) transaction of any goods or services. In case of a person who opts Composition scheme then he can’t charge GST tax on goods or services.

The payment of Input tax on the goods or service which are used in production or any purpose and output tax payment on the trading of final goods or service then the business owner can get a refund of Input tax paid. In other words, the taxes paid on inputs is used as ITC (Input tax credit) for payment of other output tax liabilities.

The Input tax credit of IGST & SGST is only used to set off against the SGST & IGST output tax liabilities.

The CGST input Tax credit is used only to set off against the CGST & IGST output tax liabilities.

Yes, Pan Number is mandatory for GST registration. 

The business requirement to do GST registration when his Business annual turnover exceeds 20 lakh.

In the reverse charge system, the liability of payment of tax is on the person who purchases or avail any goods or services. In some cases the tax payment by the supplier as well as the beneficiary.

No business has the right to collect tax on any goods or services without GST registration and if he does so then liable for prosecution or penalty in this Act.

No, The business is not able to take any type of GST refund without enrolled in this act.

The Business can’t claim ITC to set off against any his output liability.

No, The new business can directly for GST registration without TIN No. but PAN number is mandatory.

No, The unregistered business mandatory requires a GST number for any supply goods or services to another state.

Yes, Once the Business is registered under this act then he requires to file GST return in prescribed time otherwise he is liable for hefty penalties.

Yes, GST Registration means you have to file GST returns irrespective of that you supplies exempted in this act.

There no effect on EOU after the application of a new GST regime in India.

No, The GST Invoice format is not specified by this Act but it shall include Name of Supplier & Purchaser, GST number, Invoice No., Tax separately charges on amount etc.

The Annual threshold limit of Turnover for GST registration in India is Rs. 20 Lakh.

The term “GSTN” denoted the Goods and Services Tax Network and It’s prepared with help of NSDL (National Security Depository of India). It’s implemented for providing software infrastructure support services about to GST regime to Government of India and the stakeholders. The following is the duties of GSTN are:-

  • Easy online GST registration;
  • Easy in Payment of Taxes;
  • Collect & deposit tax with respective governments;
  • A merger of Tax calculation and banking system;
  • Setting IGST, SGST, CGST liabilities;
  • Ease in ITC (Input tax credit);
  • Manage the Reverse charge Tax regime etc.

The Cancellation of GST number allowed in the following cases are:-

  • Death of Business owner and no Legal heir;
  • Closure of Business;
  • A Government order to cancel GST registration etc.

No, VAT registration provision is abolished due to new GST regime or system and there no requirement of VAT for GST registration.

He requires do GST registration in the case when his annual turnover through brokerage or commission business exceeds Rs. 20 Lakh.

The Aggregate turnover is calculated based on the below mention supplies through the Single PAN number of Business are:- Tax Exempted Supply;

  • Taxable supplies;
  • Nil rated supplies;
  • Export of any Goods or services;
  • Inter-state supplies etc.

The Above supplies do not include any Tax payment (IGST, SGST, CGST, UTGST) related to goods or services.

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