Register for GST online for Free* and stay ahead on GST Compliance!
GST is a tax registration mandatory for all businesses in India meeting ANY of these conditions:
- Annual Sales greater than Rs. 20 Lakh
- Making sales outside your own state
- E-commerce Seller
What is GST Registration?
GST has been introduced as an indirect consumption tax levied on goods and service supplies. It has appeared as a tax revolution in the Indian economy which not only has greatly improved the business quality but also provided a single platform for mitigating tax-related issues. It makes the tax system a coherent and orchestrated entity which comes with its own share of the drawback of spiking of the tax base. Below the umbrella of GST, the tax is unified and categorically distributed into slabs which requires GST registration for all the buying or selling goods or related services. Although unregistered entities are not allowed to claim GST based tax from a customer. Penalties are implemented in case of violation of these rules. Apart from this, there is a set minimum threshold turnover for a new business start, therefore mandatory registration is required once the business crosses this turnover.
For the entities listed in special category states and an annual turnover of above Rs.10 lakhs need GST registration in accordance with the GST Council. For other entities with a turnover above Rs.20 lakhs in rest of India, require mandatory GST registration. Apart from annual sales turnover, there could be other norms that entitle an entity for GST registration. GST registration must be filed within 30 days from the date of inception of the entity for registration as per the regulation.
WWW.GST.GOV.IN is a government authorized portal for registration and obtaining GSTIN
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Who all need GST Registration?
The registration in GST is PAN based and State specific. Supplier has to register in each such State or Union territory from where he effects supply if he fulfills any of the following conditions:
Having an annual aggregate turnover from all-India operations which is above the threshold limit of Rs. 20 Lakhs (Rs. 10 Lakhs for North-Eastern States).
Currently registered under any of the earlier indirect tax regimes (VAT, Excise Laws, Service Tax Laws) irrespective of the threshold limit.
Having branches in multiple states or multiple business verticals in one state.
Making any supply to other states.
Required to pay tax under Reverse Charge (In case your supplier is not registered under GST).
Required to deduct tax at source or an Input Service Distributor.
Agents of a supplier.
Supplying goods or services through E-commerce Operator.
E-commerce Operator / Aggregator who supplies goods or services under his brand name (e.g. Flipkart, Amazon, Ola).
- Supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered taxable person.
Documents Required for Online GST Registration
Business related proof
Passport Size Photo
Business Registration Document: Proof of business registration like partnership deed or registration certificate or incorporation certificate must be submitted.
Bank Account Proof: Scanned copy of the first page of bank passbook showing few transactions and address of the business must be submitted for the bank account mentioned in the registration application.
- Authorization Form
Digital Signature: There is no requirement for a digital signature for a proprietorship. In case of company, partnership firm or LLP, Class 2 or class 3 digital signature is required for the authorized signatory to sign and submit the GST application.
PAN Card of the Business or Applicant: As GSTIN is linked to the PAN of the business, PAN is required to obtain GST certificate.
For Address Proof
- Ownership Proof (Electricity Bill etc) – if property is owned.
Address Proof for Place of Business: Documents like sale deed or rental agreement along with copies of electricity bill or latest property tax receipt or municipal khata copy must be submitted for the address mentioned.
- NOC (Download format)
Identity and Address Proof of the Promoters: For all the promoters, Identity proof and address proof documents like PAN, passport, driving license, Aadhaar card or voters identity card must be submitted
Advantages of Having GST
Under GST regime, businesses would no longer have to obtain a separate VAT and Service Tax registration. They would also not require to file for multiple VAT registration in different States. With the advent of GST in India, the indirect taxes would be streamlined. A single GST registration would be sufficient for selling or purchasing goods or providing services across India.
Ease of Doing Business
Compliance with both VAT and Service Tax regulations was very cumbersome. Currently, many businesses like restaurants, computer sales, and services businesses have to bear the pain of the same. This creates a serious burden on the business, as they have to calculate taxes for the transaction based on different rates for different items. Under GST, doing business would be really easy as the distinction between goods and services will be gone.
Larger Tax Base
GST is expected to increase the tax base in India significantly which would result in the overall reduction of tax liability for businesses over the time, as more and more businesses would become compliant. Further, GST will use the latest technology, including data from the Aadhaar database, PAN database, etc., to make GST registration and GST return filing process seamless.
Subsuming of Taxes
GST subsumes various other taxes like Central Sales Tax, Additional Customs Duty, Purchase Tax, Luxury Tax, etc., Hence, under GST, many of the taxes in existence today would be made into one tax. This would make tax compliance easy for businesses across the country.
Currently under the VAT regime, businesses with an annual turnover of Rs 5 lakhs or more need to comply with VAT regulations. But in the case of GST, liability accrues only if an entity crosses an annual turnover of Rs.10 lakhs in northeast or hill states, and Rs.20 lakhs, for the rest of India.
GST Registration in Delhi Process
Frequently Asked Questions
Goods and Service tax is a combined versions of indirect taxes levied on the supply of both Goods as well as services. It accrues on the basis of place of consumption means place of supply. Hence it can also be termed as a destination based tax. Our expert at unfolding tax will be happy to advise you to GST registration in Delhi
Registration under GST is a simple process. A registration form needs to be submitted online GST portal with requisite KYC documents, Bank proof, and place of business proof. Jurisdiction officer scrutinizes your documents online and if satisfactory, provides you with registration certificate and registration no., named as GSTIN. Our expert at unfolding tax will be happy to advise you to GST registration in Delhi
- A business whose turnover in a financial year exceeds Rs 20 Lakhs ( For North eastern and Hill states it is Rs 10 Lakh in a financial year)
- If someone who wishes to make interstate supply then the above threshold is not applicable, that person has to get registered under GST.
- If someone is required to pay tax under RCM ( Reverse Charges Mechanism)
- Input service distributor.
- Every E-commerce operator.
IGST, CGST & SGST these three are the basis by which GST is allocated state wise as well as in hands of central Government. In India is a federal country needs to levy collect taxes both at the end of the state as well as centre. CGST (Central Goods and Services Tax) and IGST (Integrated Central and Services Tax ) Will be collected by Central Government and SGST ( State Good and Services Tax) will be collected by state Government. Our expert at unfolding tax will be happy to advise you to GST registration in Delhi
HSN (Commodity system of Nomenclature) referring to the unique code being allocated to every type of commodity as well as services.
- Under GST Whose turnover is above 1.5 crores and below 5 crores shall use 2 digit HSN Code, whose turnover is 5 crores and above will use four-digit HSN code.
- Taxpayers whose turnover is below 1.5 crores are not required to mention HSN Code in their invoices.
- For services it classification is Service Accounting Code ( SAC)
Our expert at unfolding tax will be happy to advise you to GST registration in Delhi
Only GST certificate issued to a casual taxable person and a non-resident taxable person has a validity period. Once granted, the registration is valid until it’s surrendered or canceled or suspended.
Entities registered under old tax laws must complete GST migration to obtain GST. The Procedure has been provided in the GST portal for migration of existing service tax or VAT or central excise to GST. Our expert at unfolding tax will be happy to advise you to GST registration in Delhi
Under GST ( Goods and Services Tax ) import will be classified and treated as Integrated Good and Services supply and IGST will be levied on Imports done in the country. Our expert at unfolding tax will be happy to advise you to GST registration in Delhi
Under GST exports are exempted from tax and considered as zero rates supplies. No tax is levied on exports done from India under GST regime. However, tax paid at time of purchase will be refunded to exporters. Our expert at unfolding tax will be happy to advise you to GST registration in Delhi
Composition scheme as already applicable in current VAT Law and now migrated to GST regime also is basically meant for Small and medium entrepreneurs so as to facilitate them for complying with GST laws and regulations.
- Under composition scheme one needs to submit summarized quarterly returns instead of monthly returns applicable for regular GST dealer.
Our expert at unfolding tax will be happy to advise you to GST registration in Delhi
A person whose turnover is below Rs 75 lakhs for a complete financial year and only supplying the goods not providing services can opt for the registration under composition scheme.
- For services, the only opportunity is available for restaurant service providers who can opt for registration under composition scheme.
- Tax rates, applicable for a person registered under composition scheme are for manufacturer 1%, 2.5 % for restraint sector and 0.5 for the person supplying goods.
- However, once person registered under composition scheme under GST regime then he is not eligible for taking ITC (input tax credit under available on Purchases)
- Reverse charge by it names implies â€“ charge i.e. GST is payable reverse i.e. by buyer instead of Supplier.
- In reverse charge mechanism, GST is payable by buyer if he purchased goods and/or services from unregistered Dealer
GST can be paid online via portal GST portal All three types of taxes i.e. CGST, IGST & SGST can be paid through the same portal. Our expert at unfolding tax will be happy to advise you to GST registration in Delhi
- CGST input tax can be set of against CGST and IGST, not against SGST
- SGST input tax can be set of against SGST and IGST, not against CGST
- IGST input tax can be set of against IGST as well CGST and SGST.
So in case of payment of challan in cash form one has to take care that which type of tax payment needs to be done .i.e either SGST , CGST or IGST.
Any entity, even if not liable to be registered but willing to claim input tax credit can be registered voluntarily, After registration, these entities will have to comply with regulations as applicable to a normal taxable person. Our expert at unfolding tax will be happy to advise you to GST registration in Delhi
An entity operating in multiple states need to get registered separately for each and every State from where a taxable supply of goods or services is made.