Rs. 1,999.00 Rs. 2,999.00

GST Registration

GST Registration is mandatory for the businesses with certain turnover and activities. Know if you are required to obtain registration and simplify your registration requirement with professionals.

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What is GST Registration?

The Goods and Service Tax is the biggest indirect tax reform which blends in all the other taxes into one single tax structure. Under GST Regime, the goods and services are now taxed under a single law being Goods and Service Tax Laws. The taxes are levied at a single rate. The collection is then bifurcated between both Central and State Government in name of CGST and SGST or IGST.

Threshold Limit for Registration

The registration under GST is mandatory for the business entities based on the criteria of turnover or activities. The business dealing in goods and those providing service have to mandatorily apply for GST Registration if their aggregate turnover for a financial year exceeds Rs.40 Lakhs and Rs.20 Lakhs respectively. However, for business making supplies and providing services in the North Eastern States, the same is Rs. 20 lakhs and Rs. 10 lakhs respectively. Owing to its benefits, many dealers also obtain voluntary registration under GST.

The GST registration in India is completely an online process. GST Registration affirms seamless flow of Input Tax Credit in addition to providing recognition as a registered supplier.

Benefits of GST Registration in India

Input tax credit and lower cost

Once the supplier of goods or services has obtained the registration under GST, he can take credit of the GST paid to the previous supplier concerning business activities. The decreased cost of inputs lowers the pricing of supplies. The registered GST supplier is also eligible to pass the ITC to the consumers.

Simplified and permanent registration

The online registration process is simplified with the assistance from LW experts. With the completion of registration process, the certificate is granted to the applicant stating the GST registration number, which is called GSTIN. The registration granted is permanent registration without any renewal requirement.

Legally recognized as Supplier

With compulsory or voluntary registration under GST, the supplier is eligible to collect the taxes legally. Further, the supplier can also pass on the credit. The voluntary registrant also gets equal status and responsibilities of taxpayer registered under the mandatory criteria. With the said registration, the registrant can also issue pakka invoice to the consumers.

Easy compliance requirements

Upon registration, every registrant is liable to fulfil compliance in the form of return filing in a periodical manner. These compliance requirements are simplified under the GST regime. It is also proposed to simplify the compliance through single return filing from multiple filings. A regular taxpayer would be awarded a higher GST Compliance rating as compared to others.

Documents Required for GST Registration Online

PAN & Aadhar Card

A copy of Aadhar Card of Proprietor/ Partners/ Directors

Digital Signature

DSC of Partners or Directors, in case of LLP and Company only

Entity’s PAN Card

A copy of PAN Card of business entity

Photograph

Copy of passport size photograph of the Proprietor/ Partners /Directors

Business Address Proof

Latest Electricity Bill/ Telephone Bill of the registered office address

Bank details

Latest Bank Statement/ Copy of cancelled cheque/ copy of first page of passbook

Rent Agreement

Rent Agreement of the registered office should be provided if any

Certificate of Registration

Entity should provide registration certificate with MoA- AoA / LLP Agreement or Partnership Deed as applicable

Explore online GST Registration in India