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GST Registration 2018-06-21T10:56:57+00:00

GST Registration

GST is the biggest tax reform in India, tremendously improving ease of doing business and increasing the taxpayer base in India by bringing in millions of small businesses in India. By abolishing and subsuming multiple taxes into a single system, tax complexities would be reduced while tax base is increased substantially. Under the new GST regime, all entities involved in buying or selling goods or providing services or both are required to register for GST. Entities without GST registration would not be allowed to collect GST from a customer or claim input tax credit of GST paid or could be penalised. Further, registration under GST is mandatory once an entity crosses the minimum threshold turnover of starts a new business that is expected to cross the prescribed turnover.

As per the GST Council, entities in special category states with an annual turnover of Rs.10 lakhs and above would be required to register under GST. All other entities in rest of India would be required to register for GST if annual turnover exceeds Rs.20 lakhs. There are also various other criteria’s, that could make an entity liable for obtaining GST registration – irrespective of annual sales turnover. Entities required to register for GST as per regulations must file for GST application within 30 days from the date on which the entity became liable for registration under GST.

ELIGIBILITY FOR GST REGISTRATION

Non- Residents & Importers:

Any Non-resident person or company supplying goods or services in India need to take the registration regardless of turnover.

Non- Residents & Importers:

Any Non-resident person or company supplying goods or services in India need to take the registration regardless of turnover.

E-commerce operator:

Who owns, operates of manages digital platform for e-commerce. Eg: Flipkart, Amazon etc

E-commerce operator:

Who owns, operates of manages digital platform for e-commerce. Eg: Flipkart, Amazon etc

Vendors selling through Ecommerce Portals:

Persons who supply goods or services through ecommerce sites

Vendors selling through Ecommerce Portals:

Persons who supply goods or services through e-commerce sites

Upon Reaching Turnover of 20 Lakh

If your current supply of goods or service is over Rs. 20 lakh, you need to obtain GST Registration.

Upon Reaching Turnover of 20 Lakh

If your current supply of goods or service is over Rs. 20 lakh, you need to obtain GST Registration (if your business operates exclusively in the North Eastern states, Rs. 10 lakh).

Supplier of Online Information:

Any person supplying online information and database services from outside India to a person in India need to register irrespective of turnover

Supplier of Online Information:

Any person supplying online information and database services from outside India to a person in India need to register irrespective of turnover

Inter-State Sales or Service provider:

Anyone supplying goods or services to another state, need to apply for GST regardless of turnover.

Inter-State Sales or Service provider:

Anyone supplying goods or services to another state, need to apply for GST regardless of turnover. Even online service provider serving customers in another State will instantly attract GST registration.

DOCUMENTS FOR GST REGISTRATION

Pvt. Ltd. /Public Ltd./OPC LLP & Partnership Firm Proprietorship Firm
Company PAN card Firm PAN card Proprietor’s PAN card
MOA, AOA & Incorporation Certificate LLP Agreement/ Partnership deed Shop Act / Ghumasta License
Company Address Proof Firm Address Proof Address proof of Firm
Bank Account Proof Bank Account Proof Bank Account Proof
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