GST Registration in India: Know Everything About GST

Online GST registration has become mandatory for businesses running in India. Implementing the GST act may improve the efficiency of tax collection in the country. A company must apply for GST registration when they expect a turnover of forty lakhs or more annually in all states in the country. Easypay All Specialized CA legal Service that offer GST Registration service with professional team. Easypay All help the business owner and companies in GST registration and maintain annually.

Every businesses and Company GST registration is mandatory under. If any business and organization run business without Gest registration under GST, then company and organization that run business without GST Registration then it is an offence under Govt. Law GST and heavy penalties may be apply on business.

The GST registration process can be fill online through the GST portal or can contact by any CA firm and service provider that can complete your GST Registration and maintain annually and update business owner frequently.

Once you have registered for GST, you will be required to file regular GST returns annually, which can also be done through the GST portal. It is important to comply with the GST regulations to avoid any penalties or legal consequences.

GST REGISTRATION at just

Rs 1200 Rs 590/-

GST registration in 12 business hours T&C*

check-button Expert assisted process

List of Documents Required

• Aadhaar Card
• PAN Card
• Electricity Bill
• Rent Agreement / NOC

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Documents Required for GST Registration

Every business must comply with the GST registration company India rules and regulations. The taxpayer can get the registration to distinguish their business from others. A new GST registration company can get a unique 15-digit registration number. This unique number known commonly as the GST Identification Number or GSTIN can provide complete details about the business. The central government provides this number to a taxpayer when they apply for the unique number with the following documents:

What is GST ?

GST stands for Goods and Services Tax. It is a comprehensive indirect tax levied on the supply of goods and services across India. Implemented on July 1, 2017, GST replaced various indirect taxes that were previously imposed by the central and state governments, such as excise duty, service tax, value-added tax (VAT), and others.

The GST system is designed to create a unified taxation structure, simplifying the tax regime by streamlining different taxations into a single tax. It operates on a dual model, involving both the central and state governments:

• Central GST (CGST): Collected by the central government on intra-state supplies of goods and services.
• State GST (SGST): Collected by the state government on intra-state supplies of goods and services.Aadhaar Card

Who Needs to Register for GST ?

Under India's Goods and Services Tax (GST) regime, registration is mandatory for businesses exceeding specified turnover thresholds, varying from ₹40 lakhs (₹10 lakhs for some special category states in Northeastern India) for most states to ₹20 lakhs for inter-state suppliers. Specific entities, regardless of turnover, such as those involved in inter-state supply, e-commerce operators, non-resident taxable persons, and those liable under reverse charge, must also register. Voluntary registration is an option for businesses below these thresholds, offering benefits like input tax credit and business expansion. Special cases like casual taxable persons, agents, input service distributors, e-commerce operators, and non-resident taxable persons also require registration. Timely registration is critical to compliance; failure can lead to penalties. Consulting tax professionals or official guidelines for precise and updated information on registration requirements and procedures is advisable.

Types of GST Registrations

• Regular Taxpayer Registration (Normal GST Registration)
• Composition Scheme Registration
• Non-Resident Taxable Person Registration
• Casual Taxable Person Registration
• Input Service Distributor (ISD) Registration
• Tax Deductor and Tax Collector Registration
• E-commerce Operator Registration
• OIDAR (Online Information and Database Access or Retrieval) Services Provider Registration

Benefits of GST Registration

Registering for Goods and Services Tax (GST) in India provides an array of advantages for businesses. Firstly, it establishes the legitimacy of a business entity, ensuring adherence to tax laws and enhancing credibility among stakeholders. Additionally, GST registration enables access to Input Tax Credit (ITC), allowing businesses to claim credit for taxes paid on purchases, thus reducing overall tax liability and encouraging compliance throughout the supply chain. Moreover, it facilitates wider market access by enabling inter-state trade without constraints, potentially expanding business horizons. For smaller businesses, GST registration offers the option to enroll in the Composition Scheme, easing compliance burdens and providing a fixed tax payment structure based on turnover. It also grants legal protections, access to government schemes, and the ability to participate in e-commerce transactions more efficiently, among other benefits. Ultimately, GST registration not only ensures adherence to tax regulations but also unlocks opportunities for growth, collaboration, and operational efficiency while averting potential penalties for non-compliance.

GST Registration Process + What is GSTIN

The GST registration process in India involves several steps and leads to obtaining a unique registration number known as the Goods and Services Tax Identification Number (GSTIN). Here's an outline of the registration process and an explanation of GSTIN:

• Eligibility Check
• Online Application
• Verification and Documentation
• Application Submission
• Verification by Tax Officer
• Certificate Issuance

Goods and Services Tax Identification Number (GSTIN):

GSTIN is a 15-digit unique identification number assigned to each taxpayer upon successful GST registration. It is based on the PAN of the business entity and the state code. The structure of GSTIN is as follows:

1. First two digits: - State code
2. Next ten digits: - PAN of the taxpayer
3. Thirteenth digit: - Entity code based on the number of registrations within a state
4. Fourteenth digit: - Alphabet Z by default
5. Fifteenth digit: - Checksum digit for verification purposes

Online vs. Offline Registration

In the context of GST registration in India, businesses have the option to register either online or offline based on their preference and convenience. Here's a comparison between online and offline registration processes:

Online Registration:

• Convenience: The online registration process is accessible 24/7 through the GST Common Portal (https://www.gst.gov.in/), allowing businesses to apply from anywhere with an internet connection.
• Speedy Process: Typically, the online process is faster as it involves filling out forms, uploading necessary documents, and submitting everything electronically.
• Transparency: Applicants can track the status of their application, receive updates, and communicate with tax authorities through the portal.
• Ease of Documentation: Documents can be uploaded digitally, reducing the need for physical copies and making the process more streamlined.
• Efficiency: GST registration certificate and GSTIN are issued electronically upon approval, eliminating the need for physical collection.

Offline Registration:

• Assistance from Tax Professionals: Some businesses prefer offline registration as they can seek guidance and assistance from tax professionals or chartered accountants who can handle the process on their behalf.
• Physical Interaction: For those more comfortable with face-to-face interactions, offline registration provides the opportunity to visit the tax department office and submit the application physically.
• Local Assistance: In certain cases, businesses might prefer offline registration due to local circumstances or regional preferences where offline methods are more customary.

GST Registration Fees

The fee for GST registration, as mentioned in your answer, is 590. This amount, as indicated, is the cost charged by "Easypay All" for assisting with the GST registration process. This service provider likely offers assistance to businesses or individuals in completing the GST registration formalities for a fee of 590.

GST Registration Certificate Compliance

The Goods and Services Tax (GST) Registration Certificate is an official document issued by the government of India to entities or individuals upon successful registration under the GST regime. It serves as proof of the entity's GST registration and contains essential information related to the registration.

GST Compliance After Registration

After successfully registering for the Goods and Services Tax (GST) in India, businesses are required to maintain ongoing compliance with several key aspects of GST regulations. This includes the regular filing of GST returns such as GSTR-1 for outward supplies, GSTR-3B for monthly summaries of sales and purchases, and GSTR-9 for the annual return. Timely payment of GST liabilities using authorized online banking channels is imperative to avoid interest or penalties. Additionally, maintaining comprehensive records of invoices, accounting ledgers, and transactional documents in accordance with GST laws is essential. Businesses should periodically reconcile their books of accounts with filed GST returns to rectify any discrepancies and ensure accuracy. Verification and reconciliation of Input Tax Credit (ITC) claimed against purchases with supplier uploads in the GST portal are also necessary to validate legitimate credits. Adhering to E-way bill requirements for the movement of goods, updating changes in business structure promptly on the GST portal, and promptly responding to any notices or audits from tax authorities are crucial aspects of GST compliance post-registration. Staying updated with GST regulations, sector-specific rules, and seeking guidance from tax professionals for proper compliance with the evolving GST landscape are recommended to avoid penalties and maintain seamless adherence to GST laws.

Common GST Registration Issues

During the GST registration process in India, businesses commonly encounter several issues that can impede or delay the registration procedure. One prevalent problem arises from inaccurate information provided during registration, including errors in PAN, Aadhaar, business details, or address proofs, leading to rejections or delays. Inadequate or incorrect submission of necessary documents, such as proofs of business ownership, address proofs, or bank account details, also contributes to registration complications. Technical glitches on the GST portal, like server issues or slow response times, pose another challenge, disrupting the registration process. Complex business structures, unresolved previous tax issues, difficulty in determining the correct jurisdiction, delayed responses from authorities, and non-compliance with GST rules are additional hurdles faced by businesses seeking registration. To address these issues, businesses should ensure accurate data submission, thorough document verification, monitor application status, promptly respond to queries, and consider seeking professional guidance to navigate complex registration challenges effectively.

Conclusion

We offer a customized GST registration service based on your business needs. Our expert team can guide you in submitting the necessary business details and documents to help you get the unique registration number. We have a dedicated team at our online GST registration company to help you understand the compliances and applicability according to the GST act. Complete the registration process to access unique GSTIN by accessing the services from the best GST Registration Company.