- Filing of Application for GST Registration online
- Secure GST Identification Number
- Dedicated manager to process your GST registration end to end
- Completely Online – No need to visit the office
What is a GST registration?
A GST registration is a certificate which is given to a person who has applied for the registration under GST act. This registration is optional as well as compulsory depending upon the category of the person. There is a threshold limit of Rupees 20 lakhs and 10 lakhs for the northeast states, J&K, Himachal Pradesh and Uttarakhand.
Should I obtain a Gst Registration?
So as we have discussed above that this depends upon the case to case. For your clarity, we are enumerating the cases where a person is liable to be registered under GST-
- Businesses with turnover above the threshold limit of Rs. 20 Lakhs (Rs. 10 Lakhs for North-Eastern States, J&K, Himachal Pradesh and Uttarakhand)
- Every e-commerce aggregator
- A person who supplies via e-commerce aggregator
- Agents of a supplier & Input service distributor
- Those paying tax under the reverse charge mechanism
- Casual taxable person / Non-Resident taxable person
- The person supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered taxable person etc.
What is the GST Registration Process?
It is when you have decided to obtain the GST registration. You have to register on GST portal in two parts. First, you have to validate your PAN, Legal Name and contact details such as email address and mobile number. In the case of a proprietary concern, the Legal Name is the Name of Proprietor himself.
After successful validation, you will be provided with a TRN (temporary registration number) which you will have to use for logining into the GST portal. This GST TRN is valid for 15 days from the date of the intimation.
What are the fees for GST Registration?
Theoretically, there are no fees that are charged by the government. In today’s culture, professional fees are charged by all tax professionals like chartered accountants, tax advocates and others. We at taxarticle believes that “If you are good at something, then never do it for free.” So there is nothing wrong if a tax practitioner charges you some genuine fees. If you are of a legal background then you can yourself do this registration or you can hire any professional.
What are the Documents Required for GST Registration?
- PAN of the Applicant
- Aadhaar card (not compulsory now)
- Proof of business registration (for other than companies) or Incorporation certificate (for companies)
- Identity and Address proof of Promoters/Director with Photographs
- Address proof of the place of business (Rent deed or Electricity Bill)
- Bank Account statement/Cancelled cheque (having the name of applicant)
- Digital Signature (compulsory for LLP and companies)
- Letter of Authorization (in case of Partnership Firms) /Board Resolution for Authorized Signatory (in case of Companies)
What is the Penalty for not registering under GST?
There is a penalty of Rupees 10,000/ as per section 122 (1) (xi) – if a person does not get the GST registration wherever he was liable to do so.
Things which should be kept in mind while applying for GST Registration:
- If you are voluntary applying for this registration then you will not be able to cancel the registration before the expiry of a term of 1 years from the date when the registration was allotted to you.
- 2. You must select the Goods to be sold/services to be offered, correctly with correct HSN code.
- 3. There should not be any discrepancies in your PAN data and the information furnished by you while registering.
Things which should be kept in mind AFTER GETTING the Registration:
- You will have to issue a Valid GST bill as per GST Rules.
- You will have to collect the Tax even if your sells or service value is less than 20 lakhs.
- You will have to file the GST returns in due time failing otherwise you will be paying the late fees of Rupees 20 or 50 per day depending on the case.