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GST Registration ​@ ₹

This pricing plan includes free consultation

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GST Registration ​@ ₹

This pricing plan includes free consultation

Fill inquiry form below to pay later

GST Registration ​@ ₹

This pricing plan includes free consultation

Fill inquiry form below to pay later

GST Registration ​@ ₹

This pricing plan includes free consultation

Fill inquiry form below to pay later

Know More

GST Registration

An Overview

GST (Goods and Services Tax) registration is a mandatory procedure for businesses engaged in buying or selling goods and services. It involves obtaining a unique identification number from the tax authorities to comply with tax regulations, collect GST from customers, claim input tax credits, and file tax returns. This registration fosters transparency, promotes ease of doing business, and ensures compliance with a unified tax system applicable across various sectors, facilitating seamless nationwide operations for businesses.

Is It Mandatory?

Yes, in India, GST registration is mandatory for businesses that meet specific criteria set by the government. Entities involved in the supply of goods or services with an annual aggregate turnover above the prescribed threshold are required to register for GST.

As of my last knowledge update in January 2022, businesses engaging in the following activities are mandated to register for GST:

  1. Regular Threshold: Entities with an annual turnover exceeding ₹40 lakhs (₹10 lakhs for special category states) are required to register for GST.

  2. Specific Businesses: Certain businesses, regardless of turnover, such as interstate sellers, e-commerce operators, those liable to pay reverse charge, and businesses making taxable supplies of goods or services, need to register for GST.

  3. Voluntary Registration: Businesses below the threshold have the option to voluntarily register for GST to avail benefits like input tax credit and participate in the formal economy.

GST registration ensures compliance with India’s tax laws and allows businesses to collect GST from customers, claim input tax credits, and file GST returns. Non-compliance with the GST registration requirements may lead to penalties or legal consequences as per Indian tax regulations. However, for the most current and detailed information on GST registration criteria in India, it’s advisable to refer to the latest guidelines and updates from the Indian tax authorities.

Information / Documents Required

General Documents / Informations Required from all assessees:

Business Entity Documents:

  1. PAN Card: Permanent Account Number of the business/entity.
  2. Proof of Constitution: Partnership Deed, Memorandum of Association (MOA), Articles of Association (AOA), Certificate of Incorporation, etc.
  3. Identity and Address Proof: Aadhaar card, Voter ID, Passport, Driver’s License, etc., for authorized signatories or proprietors.
  4. Business Address Proof: Utility bills (electricity/water bill), property tax receipt, or rent/lease agreement for the business premises.

Additional Documents:

  1. Bank Account Details: Scanned copy of the first page of the passbook or bank statement indicating the name of the entity, address, and few transactions.
  2. Authorized Signatory Details: Photograph and contact information of the authorized signatory.
  3. Digital Signature: In some cases, a digital signature is required for filing GST returns online.

Specific Business Documents:

  • For Partnerships: Partnership Deed.
  • For Companies: Certificate of Incorporation, AOA, MOA.
  • For Proprietorship: Sole proprietor’s declaration.
  • For Foreign Companies: Registration certificate, address proof, and a place of business in India.

Important Notes:

    • The documents required may vary based on the type of business entity, such as proprietorship, partnership, or company.
    • Documents must be scanned and uploaded in the specified format and size as per the GST portal guidelines.
    • Accurate and up-to-date information in the documents is crucial for successful registration.

Due Date

In India, once a business becomes liable for GST registration based on turnover thresholds or business activities, there is a specific time frame within which the registration needs to be completed. As of my last knowledge update in January 2022, the due date for GST registration depends on the circumstances:

Mandatory Registration:

  • Within 30 Days: Entities meeting the threshold criteria for GST registration are required to apply for registration within 30 days from becoming liable to register.

Voluntary Registration:

  • Before Commencement of Business: Businesses choosing voluntary registration should apply for GST registration before commencing their business activities.

Casual Taxable Person or Non-Resident Taxable Person:

  • Before Commencement of Business: Those falling under the category of a casual taxable person or a non-resident taxable person should apply for GST registration before starting their business operations in India.

Specific Cases:

  • Transitional Arrangements: There might be transitional provisions or specific scenarios where different time frames apply, subject to GST laws and notifications.

Benefits

GST registration is mandatory for businesses meeting turnover thresholds, enabling them to collect tax from customers, claim input tax credit, and comply with tax laws.

It allows businesses to legally operate and participate in the formal economy, claim input tax credit, and comply with regulatory requirements, fostering transparency and credibility.

Even small businesses below the threshold can voluntarily register to avail input tax credit benefits, access a wider market, and compete more effectively.

Non-registration may lead to penalties and legal consequences, restricts claiming input tax credit, and impedes the ability to conduct business legally.

Registration streamlines taxation processes, reduces the cascading effect of taxes, fosters a unified tax structure, and facilitates seamless interstate trade.

It ensures compliance with tax laws, timely filing of returns, and enables businesses to operate smoothly within the legal framework, avoiding legal complexities or penalties.

Registered businesses can claim input tax credit, reducing the tax burden on inputs used for goods or services, thus promoting cost efficiency and reducing tax liabilities.

Registration enables businesses to sell goods or services across state borders, participate in e-commerce, and expand their customer base, fostering business growth and market expansion.

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