Blog

Find Complete Details of GST Registration Procedure

Find Complete Details of GST Registration Procedure

Find out the full details of the GST registration process

What is the procedure for GST registration in India?

GST registration applies to all individuals and organizations providing goods or services in India. GST registration becomes mandatory when the total value of supply exceeds Rs 20 lakh in services and Rs 40 lakh in trade in goods. The Ministry of Finance (MOF) facilitated the GST registration process to facilitate the payment of taxes. If an organization is operating in a special category state, GST registration is applicable if the value is more than Rs. 10 lakhs. In this article, let's look at the eligibility to get GST registration. The article also includes the required documents as well as the GST registration process online.

What are the eligibility criteria for GST registration?

The following categories and eligibility for GST registration are mentioned:

·       Total turnover

Any service provider that services a total of greater than Rs 20 lakh in a year is required to get GST registration. In special category states, the limit is Rs. 10 lakhs. Any organization engaged in a special supply of goods required to obtain GST registration with a total turnover exceeding Rs. 40 lakhs.

·       Interstate business

An organization will register for GST if it supplies interstate goods, i.e. from one state to another regardless of their total turnover. Interstate service providers have an annual turnover of more than Rs. 20 lakhs then GST registration is required. (In special category states the limit is Rs 10 lakh).

·       E-commerce platform

Anyone supplying goods or services through an e-commerce platform will apply for GST registration. The person should register irrespective of turnover. Therefore, vendors on Flipkart, Amazon and other e-commerce platforms must register to start the activity.

·       Contingent taxable person

Any person who supplies goods, services seasonally or intermittently through any temporary stall or shop is required to apply for GST. The individual will apply regardless of the annual total turnover.

·       Voluntary registration

Any organization can voluntarily obtain GST registration. Previously, any organization that voluntarily received GST could not register for one year. However, after the amendments, voluntary GST registration can be surrendered at any time by the applicant.

Types of GST registration

Types of GST registration are as follows:

·       General taxpayer

This category of GST registration applies to taxpayers doing business in India. Taxpayers registering for the General Taxpayer do not need a deposit and an unlimited validity date is also provided.

·       Composition Taxpayer

To register as a composition taxpayer, the person should register under the GST composition scheme. Taxpayers registered under the composition can pay flat GST rates. However, the taxpayer will not be allowed to claim the input tax credit.

·       Casual taxable person

Any taxpayer who establishes a stall or seasonal shop will register under the contingent taxable person. To register as a casual taxable person, the taxpayer will collect the amount equal to the GST liability. Obligations must match the active registration period. Registration remains active for a period of 3 months.

·       Non-resident taxable persons

The category Non-Resident Taxable Persons applies to persons outside India. Taxpayers must provide goods or services to the residents of India. To register as a contingent taxable person, the taxpayer will collect the amount equal to the GST liability. Obligations must match the active registration period. Registration remains active for a period of 3 months.

Types of GST registration process are as follows:

GST registration for a non-resident online service provider

UN body / embassy / other notified persons

Economic Special Economic Zone Developer

Special Economic Zone Unit (SEZ)

GST TDS Deductor-Government Institution

GST TCS Collector-e-Commerce Companies

What is the list of documents required for GST registration?

The following is the checklist of documents required to receive

GST registration:

1.    Evidence of business Constitution

2.    Passport size photo of the applicant

3.    Proof of main business location

4.    Photo of the official signatory (for companies only)

5.    Proof of appointment of the official signatory (for companies only)

How long does it take to register gst?

GST registration usually takes 2-6 working days. We will help you to register for GST in 3 easy steps

Penalty for non-registration under GST

An offender who does not pay tax or does not pay less (genuine error) has to pay a penalty of 10% of the tax amount subject to a minimum of Rs.10,000.

When the offender deliberately evades paying the tax, the penalty will be 100% of the tax amount

GST registration fee

GST registration is a tedious process in the 11th stage which involves submitting many business details and scanned documents. You can choose Alliance Tax Goods and Services Tax (GST) registration service where GST experts will help you, till the end with GST registration.

 Contact

Santosh P

Alliance Tax Experts

9769201316

santoshpatil@alltaxfin.com

 

#gst #incometax #tax #icai #business #accounting #ca #charteredaccountant #gstr #india #gstindia #gstupdates #finance #accountant #castudents #gstregistration #cafinal #taxes #startup #cs #icsi #itr #gstreturns #incometaxindia #companysecretary #commerce #taxation #caipcc #gstcouncil #bhfyp #taxconsultant #gstpractitioner #gstlogin #newgstregistration #alliancetaxexperts