GST Registration Price - 1499/- Book Now

Goods and Service Tax (GST) is an indirect tax (or consumption tax) used in India on the supply of goods and services. It came into effect from 1 July 2017. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes. GST is biggest indirect tax reform in India which improved ease of doing business and increased taxpayer base.

In GST, Registration is required on the basis of voluntary basis and or once the business entity crosses minimum annual threshold turnover or other criteria.

GST registration is required based on following criteria

1. Voluntary Registration:- Any individual or business entity can take GST registration on voluntary basis. Voluntary registration can be surrendered by the applicant at any time.
2. Aggregate Turnover:- Every supplier shall be liable to be registered in the State or Union Territory (other than special category states) from where he makes supply of goods or services or both, if his aggregate turnover in a financial year exceeds Rs. 20 lakhs.

In case of ‘special category states’, registration is required if his aggregate turnover in a financial year exceeds Rs. 10 lakhs

1. Inter-State Business:- Every supplier of goods shall be liable to be registered in the State or Union Territory if they supply goods inter state i.e. from one state to another state irrespective of their aggregate turnover. However in case of inter state service providers registration is required only if aggregate turnover in a financial year exceeds Rs. 20 lakhs and in special category states exceeds Rs. 10 lakhs.
2. Casual Taxable Persons:- Any individual or business entity supply goods or services seasonally or intermittently through a temporary stall or shop must apply for GST. The individual shall apply irrespective of the annual aggregate turnover.
3. E-Commerce Platform:- Any individual or business entity supplying goods or services through an e-commerce platform shall apply for GST registration. Any individual or business entity shall register irrespective of the turnover.
4. Composition Scheme:- It is a simple and easy scheme under GST for taxpayers. Small taxpayers can get rid of tedious GST formalities and pay GST at a fixed rate of turnover. This scheme can be opted by only Manufacturers of goods, Dealers, and Restaurants (not serving alcohol) whose turnover is less than Rs. 1.5 crore. Service providers are not eligible for Composition Scheme. A Composition Dealer is not allowed to avail input tax credit of GST on purchases. Composition Scheme is available only for dealers doing intra-state supplies. If a dealer is involved in inter-State supplies, then they have to opt out of the scheme.

Documents required for GST registration:-

1. PAN card of the applicant or business entity
2. Passport size colour photograph of the applicant
3. Business registration document i.e. Incorporation / registration certificate
4. Business entity address proof i.e. electricity bill, lease agreement, property tax receipt or municipal khata copy
5. Bank Account proof i.e. copy of cancelled cheque / copy of bank statement
6. Authorised Signatory letter or Board Resolution for authorization