GST Registration

GST refers to Goods and Services Tax which subsumes all taxes such as Sales tax, Service tax, Excise duty etc. into GST. All entities which carry out function of selling and purchasing of goods and services have to get registered for GST after crossing of threshold limit as decided, GST registration is required primarily if turnover is more than Rs. 20 Lakh. It can also be taken voluntarily. In case an entity doesn’t have GST number it can’t take input of GST which they had paid while purchasing of goods/services, also it would also not be able to sale interstate thus causing hindrance in growth and expansion.

GST registration typically takes between 2-6 working days.

Example

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Benefit

For Normal Registered Business

1.  Availment Of input tax credit.
2. Interstate sales can be done.

11.B. For Composition dealers:

1. Compliance would be less than normal registration.
2. Tax liability would be less.
3. High working capital would be there as funds not blocked in input.

11.C. For businesses that voluntarily opt in for GST registration (Below Rs. 20 lakhs)

1. Availment Of input tax credit.
2. Interstate sales can be done.
3. Register on e-commerce websites.
4. Have a competitive advantage compared to other businesses who are unregistered.

Required Documents

1. PAN Card of owner and other than individual PAN Card of legal entity along with PAN card of directors/ partners/Business.
2. Address Proof:
   Bill of Electricity/ Telephone( Not older than 2 months),
   Rent Agreement/Lease Deed or Letter of Consent (NOC).
3. MOA/ AOA or Partnership Deed.
4. Letter of Authorization for signatory.
5. Bank statement/ Cancelled Cheque/ Front Page Of Passbook.
6. Aadhaar Card of owners/ directors/ partners.
7. Passport Size Image of owners/directors/partners.
8. DSC in case of other than Individual.

Process

Data Sharing with ComplyPartner : You would send documents along with requisite fees to us.

Creation Of Login : ComplyPartner Team would review documents and create a Login on GST Portal for which OTP comes at your email id an mobile.

Fill Form : ComplyPartner Team would fill form, upload documents and submit application to department.

GST Officer Decision : GST Officer would check and after 3 Working days may approve or ask for further documents.

Time Limit : It needs to be replied in 7 working days and than officer than 7 Working days either to accept or reject application.

Certificate : If accepted you get certificate of registration.

GSTIN

All businesses that successfully register under GST are assigned a unique Goods and Services Tax Identification Number also know as GSTIN., It is unique 15 digit code which is connected with your PAN Number.

Suppose your GSTIN is 08ABCdE1234F1Z5 , breakup of number is as follows:

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FAQ About GST Registration

Q1. Multiple GST Registration should be done when?

Ans. If a business operates from more than one state, then a separate GST registration is required for each state. For instance, If a professional has office at different locations in different state than he has to take registrations in multiple state.

Q2. Is Amenmend Allowed over GST Portal?

Ans. A taxable person can on his own, at the common portal, make amendments in some information without prior approval like e-mail IDs, mobile numbers etc. But in the case of following changes he will have to apply for amendment within 15 days:

• Legal name of the business
• State of place of business or additional place of business

This will be approved within the next 15 days.

Q3. What is Aggregate Turnover?

Ans. Aggregate Turnover is the total value of

• Taxable supplies including exports and inter-state supplies (excluding inward supplies on which tax is payable on reverse charge basis); and
• Exempt supplies

It is to be checked for each PAN holding person or entity for supplies made on all-India basis.

Q4. Who is casual Taxable Person?

Ans. A Casual taxable person is one who has a registered business in one State in India, but wants to do business from some state also where he has no registered office place, in such case he needs to get register in the State from where he seeks to supply as a Casual taxable person.

Q5. Who is Non Resident Taxable Person?

Ans. A Non-Resident taxable person is one who is a foreigner and rarely wants to effect taxable supplies from any State in India, for this he needs GST Registration.

Q6. What are provisions related to registration of casual Taxable and Non Resident Taxable Person?

Ans. They have to apply for registration at least 5 days in advance before making any supply.The Registration Certificate issued is valid for a period of 90 days which can be extended. Further, they are granted registration or extension of period only after they deposit estimated tax liability.

Q7. GST Registration is not mandatory for persons who:

Ans. Supply agricultural produce from cultivation.
Make only exempt supplies (Nil Rated or Non-Taxable supplies) of goods or services.
Make supplies which are entirely covered under reverse charge.

Q8. Registration can be cancelled in 2 scenarios:

Ans. When the taxable person wishes to voluntarily cancel his GST registration.
When the proper officer, on default by the taxable person, moves to cancel the GST registration on his own motion. This may be when the person is not doing business from his declared registered place of business or if he issues tax invoice without making the supply of goods or services.