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GST Registration

Feel it simple, good.

Get a good service for registration of GST.

Benefits

Eligibility for the business. Contribution to the nation.

  • They can avail input tax credit.
  • They can make interstate transactions without any restrictions.
  • They may register on e-commerce websites and grow business.
  • a competitive advantage over other un-registered businesses.

Procedure

Filling up the form, verification, registration.

  • Complete a Simple form
  • Verification of documents
  • Application for GST registration
  • ARN allotted
  • GSTIN allotted

Documents required

A comprehensive, category wise list.

The list of documents required for registration of GST for various business are as follows:

Proprietorship

  • PAN Card and address proof of proprietor

LLP

  • PAN Card of LLP
  • LLP Agreement
  • Partners’ names and address proof

Private Limited Company

  • Certificate of Incorporation
  • PAN Card of Company
  • Articles of Association, AOA
  • Memorandum of Association, MOA
  • Resolution signed by board members
  • Identity and address proof of directors
  • Digital Signature

The following can be shown as proof of address of a director:-

  • Passport
  • Voter Identity Card
  • Aadhar Card
  • Ration Card
  • Telephone or Electricity Bill
  • Driving License
  • Bank Account Statement

Why LawDocs?

One nation. One tax. One solution.

  • Faster and accurate delivery of services.
  • Discussion at length on the range of services.
  • Detailed information regarding available benefits and rebates.

FAQs

All businesses that successfully register under GST are assigned a unique Goods and Services Tax Identification Number also known as GSTIN (GST Identification Number).

  • Individuals registered under the Pre-GST law (i.e., Excise, VAT, Service Tax etc.)
  • Businesses with turnover above the threshold limit of Rs. 20 Lakhs (Rs. 10 Lakhs for North-Eastern States, J&K, Himachal Pradesh and Uttarakhand)
  • Casual taxable person / Non-Resident taxable person
  • Agents of a supplier & Input service distributor
  • Those paying tax under the reverse charge mechanism
  • A person who supplies via e-commerce aggregator
  • Every e-commerce aggregator
  • 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

Yes, the process for registration of GST is completely online and paperless. You don’t have to move out of your home or office. We do all the paperwork and submit an application online.

Yes, in that case, GSTIN is required to be obtained for each state separately. We have special prices for multi-state registrations. You may specifically mention this to your compliance manager to avail benefits.

Yes surely, Government grants some special exemptions for small businesses like yours. You may opt for composition scheme under which you will have to pay GST @1% only. If you are a restaurant, the rate is 5%. However, you can not claim GST Credit if you opt so. You need to file only 1 return per quarter. This scheme is not applicable if you are –

  • Service providers
  • Inter-state sellers
  • E-commerce sellers
  • Supplier of non-taxable goods
  • Manufacturer of Notified Goods

No. As an unregistered dealer, you can not do so. You will have to register yourself under GST to be able to claim ITC.

Upon successful submission of application, you will obtain GSTIN usually within 4-6 working days.

Once GST certificate is granted, the registration is valid until it is surrendered or canceled or suspended. Only GST certificate issued to a non-resident taxable person and a casual taxable person has a validity period.

Registration under GST is PAN based. That means one registration for one PAN holder. Your partnership firm will have a separate PAN which is unique. And you will also hold your own PAN for you as individuals.

So, both firm and individual business of the partners will have separate registration under GST.

GST will have 3 tax components, which includes a central component (Central Goods and Services Tax or CGST) and a state component (State Goods and Services Tax or SGST) where centre and state will levy GST on all entities, i.e. when a transaction happens within a state. Inter-state transactions will attract the Integrated Goods and Services Tax (IGST), to be levied by the centre, i.e. when a transaction happens one state to another.

Input tax credit lets you reduce your tax you have already paid on inputs and pay the remaining amount at the time of paying tax.

You pay taxes on the purchase when a product is purchased from a registered seller, and when you sell the product, you too collect the tax. With input credit, you can adjust the taxes paid at the time of purchase with the amount of tax on sales (output tax) and pay the balance liability of tax, i.e. tax on sale minus tax on the purchase.

Every business or corporation that are involved in the buying and selling and good of services have to register for GST. It is mandatory for companies whose turnover is more than Rs.20 lakhs (for supply of services) and Rs. 40 lakhs ( for supply of goods) yearly to register for a GST.

All businesses making interstate outward supplies of goods have to register for a GST too. The same applies to businesses making taxable supplies on behalf of other taxable persons, example Agents and Brokers.

Also, as per the recent notification, e-commerce sellers/aggregators need not register if total sales are less than Rs.20 lakhs.

  • Items that are considered basic necessities come under exempt list i.e. they are not taxed.
  • Household necessities and life-saving drugs etc. are taxed at 5%.
  • Products like computers and processed food are taxed at 12%.
  • Hair oil, toothpaste and soaps, capital goods, industrial intermediaries and services are taxed at 18%.
  • Luxury items are taxed at 28%.

A GST Return is a document containing details of income that is required to be filed as per the law with the tax authorities. Under the GST law, a taxpayer has to submit two returns on a monthly basis and one such return annually. All returns have to be filed online. Please note that there is no provision for revising the returns. All invoices for the previous tax period that went unreported must be included in the current month.

Under GST, a registered dealer has to file GST returns that include: Purchases, Sales, Output, GST (On sales) and Input tax credit (GST paid on purchases).

GSTIN is a unique identification number given to each GST taxpayer. To verify a GSTIN number a person who has a GST number can log onto the GST portal.

The Goods and Service Tax Network (or GSTN) is section 8 (non-profit), non-government, private limited company. GSTN is a one-stop solution for all your indirect tax requirements. GSTN is responsible for maintaining Indirect Taxation platform for GST to help you prepare, file, rectify returns and make payments of your indirect tax liabilities.

Yes, you can apply for GST Registration online. You can simply register your business on the official GST portal and then scan and upload all the required documents. You will then receive an acknowledgement. A GSTIN will be generated on acceptance of the application and a temporary password and login will be sent. GSTIN is a unique 15-digit ID.

A GSTIN Pradesh, Assam, Meghalaya, Manipur, Mizoram, Nagaland and Tripura must get a GST registration if their supply turnover exceeds Rs. 10 lakh. As mentioned above, this threshold limit applies only to businesses that operate within their home state. A business that conducts trade with another state must seek registration regardless of turnover.

The exemption limit is a supply turnover of Rs. 20 lakh for businesses in all except for the Indian states in the northeast region. Businesses in Arunachal Pradesh, Assam, Meghalaya, Manipur, Mizoram, Nagaland, and Tripura must get a GST registration if their supply turnover exceeds Rs. 10 lakh. As mentioned above, this threshold limit applies only to businesses that operate within their home state. A business that conducts trade with another state must seek registration regardless of turnover.

The composition scheme under GST would be applicable to businesses with a turnover of up to Rs. 50 lakh. Small businesses with turnover less than Rs. 1 crore* (Rs. 75 Lakhs for Northeastern states) can opt for composition scheme. Such taxpayers would pay a fixed percentage of its turnover and cannot avail of the benefits of input tax credit. Such businesses cannot collect tax from its customers. The floor rate of tax cannot be less than 1%.

*GST Council has decided to increase the limit to Rs. 1.5 crores but official notification is awaited.

Composition dealers are required to pay tax based on their business types.

  • They need to file only one return on a quarterly basis. Whereas normal taxpayers are required to file three returns on a monthly basis.
  • Composition dealers cannot collect taxes from customers
  • They cannot issue taxable invoices, i.e., collect tax from customers and are required to pay the tax out of their own pocket.
  • No input tax credits can be claimed

Persons who are not eligible for GST composition scheme include:

  • Service providers (except restaurant owners)
  • Non-taxable goods suppliers
  • Sellers operating through an e-commerce platform
  • Suppliers involved in the inter-state supply of goods
  • Manufacturers of notified goods

Yes, GST applies to all service providers, manufacturers, and traders. It extends to any dealers, bloggers, and writers, earnings from Google AdWords through PayPal, import-export businesses, all kinds of startups and companies, whether they are LLPs, proprietorships, partnerships or private limited companies. It also applies, regardless of the threshold limit,

  • Businesses operating outside their home state
  • A business not registered to the state
  • Businesses paying a reverse charge
  • Input service distributor
  • E-commerce operators
  • Aggregators selling services under own brand name (Ola, for example)
  • Online sellers
  • Suppliers or agents

Under the GST regime, only one registration is allowed against one PAN. However, businesses, which operate in more than one state must have

When a person runs a business in more than one state, then he must have a separate GST registration for each state.

If the business has multiple verticals within a state, then the registration has to be done for each business vertical.

ARN which stands for Application Reference Number is generated

ARN stands for Application Reference Number. It is the conclusive proof of successful submission of the application to the GST servers. It is generated after the TRN (Temporary Reference Number) & uploading of requisite documents.

No. LawDocs completely provides the GST registration service online. So, you need not have to be physically present during the registration process. All we need is just a computer or laptop or phone, Internet connection, and the required papers. We can get the job done for you, even if you are at the remotest location in India.

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