GST 2018-03-29T17:05:03+00:00

Goods & Service Tax Registration

  1. Make a smooth transition to the all-in-one tax by April 2018.
  2. We offer advice on all aspects related to GST and ensure the smartest transition to GST
  3. We will ensure that all aspects of your business are compliant with GST
  4. We will file your returns and complete all other compliances as and when required
  5. Talk to our representatives to clear all your doubts regarding GST. Simply fill in the form and we’ll get in touch.

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Definition
Pricing
Inclusive
Documents
Registration
Faq’s

Definition

What is 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.

GST Registration will give the following advantages to a taxpayer

  • He is authorized to collect taxes from his customers and pass on the credit of the taxes paid to them.

  • He can claim Input Tax Credit of taxes paid to his suppliers and can utilize the same for payment of taxes due

  • Seamless flow of Input Tax Credit from suppliers to recipients at the national level.

Documents Required For Company Registration

PAN Card of the Business or Applicant

GSTIN is linked to the PAN of the business. Hence, PAN is required to obtain GST certificate.

Identity and Address Proof of Promoters

Identity proof and address proof documents like PAN, passport, driving license, aadhaar card or voters identity card must be submitted for all the promoters.

Business Registration Document

Proof of business registration like incorporation certificate or partnership deed or registration certificate must be submitted for all types of registred entities.

Address Proof for Place of Business

Documents like rental agreement or sale deed along with copies of electricity bill or latest property tax receipt or municipal khata copy must be submitted for the address mentioned in the GST application.

Bank Account Proof

Scanned copy of the first page of bank passbook showing a few transaction and address of the business must be submitted for the bank account mentioned in the registration application

Digital Signature

Class 2 or class 3 digital signature is required for the authorised signatory to sign and submit the GST application. In case of proprietorship, there is no requirement for digital signature.

Pricing Details

Basic

1999Yearly
  • Digital Signatures
  • Director Identification
  • Certficate
  • Name Reservation
  • Drafting of MOA

Standard

2999Yearly
  • Digital Signatures
  • Director Identification
  • Certficate
  • Name Reservation
  • Drafting of MOA

Professional

4999Yearly
  • Digital Signatures
  • Director Identification
  • Certficate
  • Name Reservation
  • Drafting of MOA

For M3 Customer 10% Discount

Inclusive in GST Registration package

GST Registration Process (on Government Portal)

GST Registration will give the following advantages to a taxpayer.

  1. Go to the Government GST Portaland look for Registration Tab.
  2. Fill PAN, Mobile No., E-mail ID and State in Part-A of Form GST REG-01 of GST Registration.
  3. You will receive a temporary reference number on your Mobile and via E-mail after OTP verification.
  4. You will then need to fill Part-B of Form GST REG-01 duly signed (by DSC or EVC) and upload the required documents specified according to the business type.
  5. An acknowledgment will be generated in Form GST REG-02.
  6. In case of any information sought from you and intimated to you in Form GST REG-03, you may need to visit the department and clarify or produce the documents within 7 working days in Form GST REG-04.
  7. The office may also reject your application if they find any errors. You will be informed about this in Form GST REG-05.
  8. Finally, a certificate of registration in Finally, a certificate of registration will be issued to you by the department after verification and approval in Form GST REG-06

Documents Required for GST Registration

PAN Card of owner/ directors/ partners
Bill of Electricity/ Telephone, Rent Agreement or Letter of Consent (NOC).
MOA/ AOA or Partnership Deed
Letter of Authorisation for signatory
Bank statement/ Cancelled Cheque
Aadhaar Card of owners/ directors/ partners

Registration Procedure

FAQ’s

GST Registration is not mandatory for persons who :

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

Yes, a person can get registered voluntarily under GST in terms of sub-section (3) of section 25. All the provisions will apply to him as they apply to a registered person

Registration can be cancelled in 2 scenarios:

  1. When the taxable person wishes to voluntarily cancel his GST registration
  2. 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.

The taxable person has to apply on the common portal within 30 days. He will declare in the application, the stock held on that date, amount of dues and credit reversal and particulars of payments made towards discharge of such liabilities. If satisfied, the proper officer will cancel the registration within 30 days.

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:

  1. Legal name of the business
  2. State of place of business or additional place of business.
  3. This will be approved within the next 15 days.

Aggregate Turnover is the total value of :

  1. Taxable supplies including exports and inter-state supplies (excluding inward supplies on which tax is payable on reverse charge basis).
  2. Exempt supplies
  3. It is to be checked for each PAN holding person or entity for supplies made on all-India basis.

Due to deferment in notifying the applicability of TDS and TCS (e-commerce operator) provisions under GST, Registration for the same will open from 25th July 2017.

ISD means Input Service Distributor. It is like a head office that receives the tax invoices of input services and then further distributes the credit of tax paid by it to its units proportionately.The ISD registration is different from the normal registration for the taxpayer.

No, there is no concept of a central GST registration. Every PAN holder will have one GSTIN per State.Therefore, an entity having its branches in more than one state will have to take separate state wise registrations for each of its branches in different states even if they hold a single PAN.

An entity will have a single registration in each state for each PAN. Therefore, it can list only one place as its principal place of business and show all the other branches as additional places of business in that state. However, an entity can obtain separate registrations if in case it has separate business verticals within the state

A Casual taxable person is one who has a registered business in some State in India, but wants to effect supplies from some other State in which he is not having any fixed place of business. Such person needs to register in the State from where he seeks to supply as a Casual taxable person.

A Non-Resident taxable person is one who is a foreigner and occasionally wants to effect taxable supplies from any State in India, and for that he needs GST registration.

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

  1. Composition scheme is introduced for small tax payers to reduce the compliance burden on them.
  2. File summarized returns on a quarterly basis instead of multiple monthly returns.
  3. Pay tax only to a maximum of 2% for manufacturers, 5% for restaurant service sector and 1% for other suppliers.
  4. Cannot collect any tax from or issue tax invoice to customers.
  5. Cannot avail input tax credit.
  1. Only those persons who fulfill all the following are eligible to apply for composition scheme.
  2. Deals only in intra-state supply of goods (or service of only restaurant sector).
  3. Does not supply goods that are not leviable to tax.
  4. Has an annual turnover below 75 lakhs in preceding financial year.
  5. Shall pay tax at normal rates in case he is liable under reverse charge mechanism.
  6. Not supplying through e-commerce operator.
  7. Not a manufacturer of – ice cream, pan masala or tobacco (and its substitutes).

You need to file an online application to opt for Composition Scheme. Taxpayers who can opt for this scheme can be categorized as below:

Migrated Taxpayers: Any taxpayer who has migrated from earlier laws and has been granted provisional registration certificate can file an application under Form GST CMP-01 and further details in Form GST CMP-03 within 30 days after 1st July 2017.

New Taxpayers:Any person who is liable to register under GST Act after 1st July 2017 can file Form GST REG-01 and choose his option to pay composition amount in the New Registration application.

Existing Taxpayers:Any taxpayer who is registered as normal tax payer under GST regime shall file an application under Form CMP-02 to opt for Composition Scheme at least 7 days prior to the commencement of financial year for which the option to pay tax under composition is exercised.