GST Registration @ Rs. 999*
- GST Registration Application
- Clarification Filing
- Modification of Application
Get seamless GST registration with expert assistance, including filing clarifications and application modifications for a hassle-free process.
GST Registration
Operating a business demands tax compliance, with business GST registration frequently being a core requirement. For many local firms, comprehending the GST registration process and meeting GST registration eligibility can be difficult, particularly in adapting to new regulations. Executing new GST registration correctly from the outset is crucial for seamless operations.
Proper GST registration enables your business to legally collect taxes and leverage Input Tax Credits (ITC), benefiting your profitability. It also facilitates smooth inter-state business activities. Don’t be overwhelmed by intricate forms or the unique demands of the online GST registration portal. As your local GST consultant, Tax2Fin streamlines the process. We help you obtain your GSTIN number efficiently, allowing you to focus on managing your business. Let our expertise simplify GST for you.
Why GST Registration is Crucial for your Business?
Unsure if you need business GST registration? For most businesses, it’s vital for both growth and legal operation. Meeting GST registration eligibility and completing the process unlocks crucial advantages. The most significant is the power to claim Input Tax Credit (ITC), which allows you to reduce your tax burden by getting credit for GST paid on business purchases, directly enhancing your cash flow.
Moreover, proper GST registration boosts your business’s credibility, simplifying collaborations with larger companies and suppliers. It’s often mandatory if you intend to apply for GST online for inter-state sales or through e-commerce platforms. Even for many small businesses and startups, voluntary GST registration can prove advantageous. Consult a GST consultant at Tax2Fin to grasp all the GST registration benefits relevant to your specific scenario.
Process of GST Registration
Obtaining your new GST registration involves several key stages. Here’s a straightforward look at the steps required to apply for GST online, a process which Tax2Fin efficiently manages for your business:
Eligibility Assessment
We help confirm if your business turnover (exceeding ₹40 Lakhs) or specific activity type meets the GST registration eligibility criteria, determining if registration is mandatory or advantageous for you.
Document Preparation
Gather all necessary documents required for GST registration, such as PAN, Aadhaar, business proof, address verification, and bank details. We provide a precise checklist and assist in verifying everything for accuracy.
Application Part A (Portal)
Submit your basic details, including PAN, mobile number, and email, on the GST portal to obtain a Temporary Reference Number (TRN).
Application Part B (Portal)
Utilize the TRN to complete the main application form, providing comprehensive business information, promoter details, and banking information.
Submission & ARN
Submit the fully completed application using the required authentication (Digital Signature Certificate/Electronic Verification Code). An Application Reference Number (ARN) will then be generated for tracking purposes.
Application Processing
A GST officer will review your application and submitted documents, potentially raising queries if further clarification is needed.
Approval & GSTIN Issuance
Upon successful verification and approval, your application is processed, and your unique GSTIN number along with the registration certificate will be issued.
Documents required for GST Registration
Individual Business
Requires PAN card, Aadhaar card, a bank account statement or cancelled cheque, and a passport-size photograph.
Partnership Business
Needs the firm's PAN card, the partnership deed, Aadhaar cards for all partners, the firm's bank account statement or cancelled cheque, and passport-size photographs of all partners.
Company
Demands the company's PAN card, its incorporation certificate, Memorandum and Articles of Association, the Aadhaar card of the authorized signatory, the company's bank account statement or cancelled cheque, and a passport-size photograph of the authorized signatory.
Non-resident Business
Requires the non-resident's PAN card, passport, Aadhaar card or alternative proof of address, a bank account statement or cancelled cheque, and a passport-size photograph.
Who Needs Mandatory GST Registration?
- Supplier of Goods: If your turnover surpasses ₹40 Lakhs in a Financial Year (or ₹20 Lakhs in North Eastern States).
- Supplier of Services: If your turnover exceeds ₹20 Lakhs in a Financial Year (or ₹10 Lakhs in North Eastern States).
- Earlier Registered under Indirect Tax: Businesses previously registered under any indirect tax law.
- Interstate Supply of Goods & Services: Any entity involved in supplying goods or services across state borders.
- Input Service Distributor: Businesses that receive invoices for input services and distribute credit to their units.
- Casual Taxable Person: Individuals undertaking sporadic business transactions without a fixed place of business.
- Non-Resident Taxable Person: Non-residents making taxable supplies in India without a fixed place of business.
- Reverse Charge Mechanism: Individuals or entities required to pay GST under the reverse charge mechanism.
- E-Commerce Operators & Vendors: Operators of e-commerce platforms and individuals supplying goods or services through them.
Types of GST Registration
1. Regular GST Registration: This is the standard choice for most businesses, particularly those exceeding the composition scheme’s turnover limit or seeking full GST system benefits.
- Eligibility: It’s mandatory if your turnover surpasses the primary threshold (₹40 lakhs for goods/₹20 lakhs for services in Rajasthan) or if you engage in inter-state sales. Businesses below this threshold can also opt for it voluntarily.
- Key Features: Enables claiming Input Tax Credit (ITC) on business purchases, collecting GST from customers through Tax Invoices, and unrestricted inter-state trade. Compliance involves detailed record-keeping and typically monthly or quarterly filing of returns like GSTR-1 and GSTR-3B.
2. Composition GST Registration: This scheme is designed to simplify compliance for smaller businesses and has specific criteria.
- Eligibility: Open to businesses with an annual aggregate turnover below ₹1.5 crore (₹75 lakhs for certain states; verify current list). It’s generally not available for inter-state suppliers of goods or those selling via e-commerce platforms that collect TCS. Service providers have a distinct threshold (typically ₹50 lakhs).
- Key Features: You pay GST at a lower, fixed percentage of your turnover (e.g., 1% for most traders/manufacturers, 5% for restaurants) directly, without collecting it from customers. You cannot claim ITC on purchases and must issue a Bill of Supply instead of a Tax Invoice. Compliance is simpler, often involving quarterly payments (CMP-08) and an annual return (GSTR-4).
Choosing the appropriate scheme depends on your business model, turnover, purchasing habits, and future growth strategies. As your GST consultant, Tax2Fin offers expert GST registration services to help you assess your situation and select the most beneficial registration type for your business.
| Category | Rates |
|---|---|
| For goods manufacturers and traders | 1% |
| For restaurants not serving alcohol | 5% |
| For service providers | 6% |
Reverse Charge Mechanism (RCM): RCM in GST is a distinct provision that shifts the responsibility for paying tax from the supplier to the recipient of goods or services. This mechanism was introduced under the GST regime to encompass specific supplies and transactions, such as services from a Goods Transport Agency, Security Agency Services, and Rent of Commercial Activity carried out on Residential Property. The recipient, who pays GST under RCM, is generally eligible to claim this amount as an input tax credit, provided they meet the stipulated conditions.
FAQs
Who is eligible for GST registration in India?
Businesses supplying goods over ₹40 lakhs or services over ₹20 lakhs annually (with exceptions for certain states) typically need GST registration. It’s also mandatory for inter-state suppliers and e-commerce sellers, regardless of turnover. Voluntary registration is an option to claim Input Tax Credit.
What documents are required for GST registration?
Essential documents include the applicant’s PAN and Aadhaar cards, photographs, proof of business address (like a rent agreement or electricity bill), and bank account details. Specific requirements vary based on the business structure.
What is the online GST registration process like?
The process is online via the official GST portal, involving initial details for a TRN, followed by a detailed application with business specifics. An ARN is generated for tracking. Professional services can streamline this process and handle any complexities.
Are there any GST registration fees or charges?
While the government doesn’t charge direct fees for online GST application, businesses often incur costs for expert assistance due to application complexities or documentation needs. Professional firms offer transparent service packages to ensure a smooth and correct registration.
How long does it take to get the GSTIN number after applying?
If the application and documents are submitted correctly, the GSTIN and certificate are usually issued within 3 to 7 working days after ARN generation. However, official queries during verification can extend this timeline.
Can I apply for GST registration without an existing business?
Yes, you can apply for GST registration even before starting your business operations. It is often a necessary step to ensure compliance before you begin making any taxable supplies.
What is the difference between the Regular and Composition GST schemes?
The Regular scheme allows Input Tax Credit and inter-state sales but requires more compliance. The Composition scheme offers simpler compliance and lower tax rates for smaller businesses but restricts ITC claims and inter-state supply of goods.
How can I check my GST registration status online?
You can check your GST registration status on the official GST portal. Simply use the Application Reference Number (ARN) you received after submitting your application to view its current stage.