Business Registration | Compliance | GST

FACTS & INFO

Steps

1

Getting Client Basic Information & Documents

Verification of client information for GST registration
2

Processing & Generation of Transaction Ref Number (TRN)

Processing of details received by filing form
3

Filing of Application in GST Form Reg 01 & Getting ARN

Generation of Application Reference Number by Submitting the form
4

Processing of Application by Government and Granting RC

Processing of REG-01 in department and Govt will issue GST RC if all details are correct

Required Documents

Documents required to register a GST Registration

For Owner/Individual/Director/Partner

ID Proof & Photo- PAN or Aadhar or Votor ID etc.

Address Proof (Aadhar or Passport or DL or Bank Statement or Utility Bill)

For Organization/Buisness/Entity/Compliance

Address Proof of organisation (Utility Bill/NOC/Lease Agreement)

PAN Copy of organisation

Organisation Formation Document (Partnership Deed/Certificate of Inc)

MOA & AOA (in case of company)

Bank Account Details of Organisation

Final Deliverables

GST Registration Certificate

HSN and SAC code for Outward supply of Goods or services or both

Applicable GST tax rate on outward supplies

FAQs

Explore Frequently Asked Questions - GST Registration

Q. What is an GST (Goods & Service Tax) Registration?

Ans. GST is an indirect tax which is to be collected from customer and payable to government. To manage, to pay taxes to government, we must take GST registration number and must file GST returns timely.

Q. What is an GSTIN?

Ans. GSTIN is stand for ‘Goods & Service Tax Identification Number’ which is generated after taking the GST registration and mentioned on registration certificate. This is a PAN based number which is unique for every registration.

Q. What is a Casual GST Registration?

Ans. A Casual GST Registration means a registration taken for a temporary place where someone sale or supplies taxable goods or services occasionally in a state where he/she does not have a fixed place of business.

Q. What is basic limit of turnover for GST registration?

Ans. Basic threshold of turnover to ensure registration in GST is Rs 40 Lacs and Rs 20 Lacs for a mix supply of goods & service. (This limit is half for special category states).

Q. Is there any return filing required for GST?

Ans. Yes, there is compulsory filing of return on monthly or quarterly basis based on your sales turnover. For a regular taxpayer Monthly form GSTR-3B and quarterly form GSTR-1 is need to be filed.

Q. What is the benefit of GST registration?

Ans. To claim input credit benefit on purchases, to apply for a business loan, to issue tax invoice to buyers, to be legally recognised from suppliers etc.

Q. Whether GST registration is required for multiple states or separate for every state?

Ans. Yes, you have to register separately for each state from where supplies of goods or services are being made. Registration is PAN based and State specific containing state code too.

Q. What is the various slabs of GST rates?

Ans. Currently GST Rates are divided in 5%, 12%, 18% & 28% rates.

Q. How much minimum time is required to take registration?

Ans. Around 3 to 7 days are required to apply for GST registration subject to approvals from govt. department.

Q. Whether GST registration can be surrendered?

Ans. Yes, where you do not have any supplies of goods, you can surrender GST registration online anytime.

Q. What is the various type of GST Registration in India?

Ans. GST registration can be Regular (for normal taxpayer), Composite (for small retailers who want to pay tax in single rate), Casual (for transacting business at a temporary place), Non-Resident (Available for NR to transact business in India for temporary period), E-Commerce (for e-commerce operators) and United Nation body/Embassy (For foreign bodies to claim refund of GST).

GST Registration

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