Register a GST

 It is the Goods and Services Tax (GST) is a tax that applies to items or services that are consumed by India. It is an indirect tax which has substituted additional indirect taxes that are in India like VAT, excise duty as well as services tax. GST was in effect beginning on July 1, 2017. in accordance with the Goods and Service Tax Act that was passed through Parliament of the Indian parliament on March 29th 2017.

Taxable person under GST

A "taxable person" according to GST Act GST Act is someone who is conducting transactions within India which is registered with or has to register in accordance with the GST Act. A tax-paying person could be an individual HUF, company or firm LLP as well as an AOP/BOI any government company or body corporate that is incorporated in accordance with legislation of a different country co-operative societies local authorities, government officials trusts, and artificial legal persons.

GST Limit on Registration Turnover

GST registration is available on a voluntary basis by any person or organization, regardless of their sales. GST registration is mandatory when an entity or person sells products or services over a certain amount.

Services Providers Anyone or company that provides service with more than Rs.20 lakhs of total revenue during the year must obtain GST registration. In states with special categories that have special category states, the GST turnover threshold for service providers has been set to Rs.10 lakhs.

GST Suppliers According to notification No.10/2019 anyone involved in the sole supply of goods and services whose total turnover exceeds Rs.40 lakhs over the course of a year must obtain GST registration. To be qualified for the Rs.40 lakhs limit on turnover the seller must meet the following requirements:

• Do not provide any services.
• The supplier shouldn't be involved in making intra-state (supplying products in the state of origin) supply within states such as the States in Arunachal Pradesh Manipur, Meghalaya, Mizoram, Nagaland, Puducherry, Sikkim, Telangana, Tripur and Uttarakhand.
• Do not participate in the production of pan masala, ice cream or tobacco.

If the above requirements are not met, the seller of the goods would have to apply for GST registration once the volume of sales exceeds Rs.20 lakhs or Rs.10 lakhs in special category states.

Special State of Category: Under GST, the following states are listed as states that are classified under special categories: Arunachal Pradesh Assam, Jammu and Kashmir, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura, Himachal Pradesh and Uttarakhand.

Aggregate Turnover Aggregate turnover equals (Taxable supplies + Exports exempt from tax + Inter-State Supply) + (Taxes + the value of supplies imported + Value of Taxable Supplies under Reverse Charge and the value of supplies that are not tax-deductible).

The calculation of aggregate turnover is using the PAN. So, even if one person operates from multiple locations of business, the total is necessary to add them all up to calculate the total turnover.

Types Gst Registration online

There are a variety of GST registration , including casual, regular, tax payers, non-resident tax taxpayers and eCommerce owners. Non-resident tax payers and eCommerce owners must obtain GST registration, regardless of the any turnover limit.

Casual Taxable Persons the GST Act defines as a casual tax payer someone who is able to provide goods or services within the State or Union area where the business entity does not have a fixed address for business. Thus, people who run temporary businesses at fairs, exhibitions, or businesses that are seasonal are considered to be a casual tax-paying person's category under GST.

Non-resident Taxable People: Non-resident taxable person (NRI) in GST terms is any person , company or non-profit organization that provides products or services however they do not have a fixed location of business or residence in India. So, any person from outside India or foreign company or organization providing products or services to India is a non-resident tax-paying person which means they must comply with all GST laws in India.

Electronic Commerce Operators The term "electronic commerce" refers to any person who is the owner, operator or manager of a digital or electronic online commerce platform. So, anyone who sells online can be considered an eCommerce Operator that needs GST registration, regardless of the business turnover.

What exactly is GSTIN?

GSTIN (also known as the Goods and Service Tax Identification Number (GSTIN) is given to businesses that have a GST registration numbers. GSTIN comprises 15 letters long. The distribution of GSTIN is determined by the PAN and the state of the person applying. In the case of a GST registration number the first two digits are what is known as the State code. The 10 numbers following are the PAN of the applicant.

Download GST Registration Certificate GST Registration Certificate

GST Certificates are issued to individuals who have legally registered for GST. The people who have a GST registration certificates are required to display their registration certificate in a prominent manner at their workplace. The downloading of the GST certificate is an simple process via using the GST Portal. Log into the GST Account, then visit User Services. Inside User Services, click on View/Download Certificate to download your GST registration certificate.

Sign up to be eligible for GST through IndiaFilings

You can get your GST registration via IndiaFilings within less than 7 days. You must enter your personal information, contact number and email to be the procedure.

Once we have received your request, when we receive your request, a GST specialist will get in touch with you and get to know your business's activities and the state in which the business is located, and will be able to answer any questions you might have.

Our GST specialist will collect and validate the required documents to get GST registration. When the payment is made, we begin your GST registration process. We submit your entire application to GST Portal. GST Portal.

The GST registration within 3-7 working days. Everything is online and you do not need to be present in the office to complete the process. Alongside your GST registration, you will be given the LEDGERS Platform for your to perform GST invoices and GST tax return submission.

GST Registration is voluntary GST Registration

Anyone or any entity who would like to provide products or services is able to obtain GST registration on their own, regardless of their turnover. The voluntary registration of GST will allow the business to get Input Tax Credits as well as provide a GST invoice to customers.

Penalties for not obtaining GST Registration.

Anyone or any entity that exceeds the limit on aggregate turnover must register GST within 30 days of being subject to GST registration. In the event of non-compliance, delay or failure to register, it could be penalized by the amount of Rs. 10,000, and the loss of an input tax credit in the time of delay.

The benefits of GST Registration

These are just a few advantages GST registration:

Banking Loans The GST register and the GST return file serves as evidence of the business's activities and provide a track record for businesses. Banks as well as NBFCs offer loans to companies based on tax return data. Therefore, GST registration could assist you in establishing your business and obtain credit.

supplier onboarding In order to be a vendor to reputable companies GST registration is usually required when you are undergoing the supplier onboarding process. Thus, GST registration will assist you in gaining more business.

eCommerce The GST registration requirement is required for selling online and via different platforms such as Amazon, Flipkart, Snapdeal, Zomato, Swiggy, etc. Therefore having a GST registration can permit sellers to market online.

The Input Tax Credit Businesses that have GST registrations are able to take GST from customers for the sale and offset the cost against the GST tax paid when purchasing different goods and services. Therefore, GST registration can help you reduce taxes and boost margins.

GST Registration FAQ's

1. What is the date to register under GST?

08 December 2021

An entity that has for registration under GST is required to submit a registration application within the 30 day period of satisfying the requirements. Taxpayers who are not residents and casual tax payers are required to have a GST registration GST prior to the start of business.

2. Which is your principal authorized signatory?

08 December 2021

The principal authorized signatory will be the one who's accountable for completing duties on the GST portal for the taxpayer. It could be a representative of the company or anyone else trustworthy person deemed by the business's promoters.

3. Does PAN obligatory for obtaining GST registration?

08 December 2021

Yes. PAN is required to obtain GST registration. If the proprietorship is a case it is it is the PAN of the owner can be utilized. If it is LLP and Company or Trust or other kinds of legal entities, PAN must first be obtained for the company. But, PAN is not mandatory for GST identification of non-residents as well as foreign companies. Taxpayers who are not residents of the country, GSTIN with a fixed expiry date will be issued in conjunction with the other documents that are required to prove the their existence.

4. What is the legality in the case of GST registration?

16 November 2021

GST registration does not come with the option of an expiry time. Therefore, it is valid until it's cancelledor surrendered, or suspended.Only GST registration for non-resident taxpayers and casual taxable people have a period of validity that is determined by the government authorities when issuing an GST Registration Certificate.

5. Does a person who has no GST registration get GST?

08 December 2021

Only those who are registered under GST are able to be able to collect GST from customers. If you are who is not registered under GST can't even claim an input tax credit on GST that is paid.

6. What is an E-way bill?

16 November 2021

A bill for E-way is an electronic document that acts as a proof of the movement of items with a an amount of greater than the amount of Rs. 50,000. It is available to a seller or a person who is who is transporting goods. It is composed of two parts; Part A, which contains information like a GSTIN of the provider and recipient, the location of delivery, the value of goods, HSN codes the reason for transportation, and Part B, with the information about the vehicle and transportation documents.

7. What are the advantages of the Eway bill?

08 December 2021

It's a completely digital interface that does away with the need to conduct state-boundary checks. It allows for faster shipping of goods as well as improve the speed of turnaround for trucks, thereby reducing the cost for the seller.

8. When should an electronic way bill be created?

08 December 2021

According to rule 138 of CGST Rules, 2017, an electronic way bill must be created prior to beginning of the transportation of products.

9. Does it have to be an electronic bill?

08 December 2021

It is required to create an E Waybill in all cases when the value of the shipment is more than Rs. 50,000. But, it's not mandatory to establish one when the items are moved by an unmotorized vehicle or shipped from the port, airport or air cargo complex and even a land customs station to be cleared by customs.

10. What are the penalties of not creating bills for E-way?

16 November 2021

Anyone who is a tax payer and transports goods without the cover of the specified document (e-way invoice is among those documents) will be required to be penalized by Rs. 10,000 or the the tax that is sought to avoided (whichever is greater).