Easy Online GST Registration with Finaccle.
Get GST registration within no time
2000+
50+
100%
8+ Years
1. We collect all the required documents.
2. Apply for registration on your behalf
3. You shall be granted registration number at the earliest.
Overview
Online GST Registration is the process by which a taxpayer registers with the GST council as a taxpayer via the official government-run portal dedicated to the tax regime. When a taxpayer completes the GST Registration process, they will be issued a Goods and Services Tax Identification Number (GSTIN). The Central Government issues this 15-digit GSTIN to help them determine whether or not a business must pay GST. After having GSTIN, the entity is required to file applicable GST Returns for the relevant periods.
GST has three tax components: a central component (Central Goods and Services Tax or CGST) and a state component (State Goods and Services Tax or SGST), where both the Centre and the State will levy GST on all entities, i.e. when a transaction occurs within a state. Inter-state transactions will be subject to the Integrated Goods and Services Tax (IGST), which will be levied by the central government, i.e. when a transaction occurs between two states.
When Required
Any business whose annual turnover is more than the prescribed limit shall make an online application for a GST Number on gst portal.
The GST registration is mandatory if the "aggregate turnover" exceeds the prescribed limits
Aggregrate Turnover
It comprises of following :
Taxable Supplies
Exempt Supplies
Export of goods or services or both
Inter-state supplies to persons having same PAN
But it excludes CGST, SGST, IGST charged on supplies and inward supplies on which tax is payable under Reverse charge. However outward supplies by a person on which tax is payable by the recipient under RCM are part of aggregate turnover.
Further, this aggregate turnover is be calculated on PAN India Basis. If a person is having one branch in Rajasthan and another branch in Kerala, then turnover of both the branches are to be clubbed for calculating aggregate turnover
States
If exclusively engaged in supply of Goods
If engaged in supply of Services, or goods or services or both
Manipur
Mizoram
Nagaland
Tripura
10 Lakhs
10 Lakhs
Arunachal Pradesh
Meghalaya
Puducherry
Sikkim
Telangana
Uttarakhand
20 Lakhs
20 Lakhs
All other states
40 Lakhs
20 Lakhs
Benefits of GST Registration
On having, GSTIN, one can also open a current bank account in the name of the entity.
Registered businesses can sell goods and render services online.
Because it is issued by a legal authority, the GST registration certificate is sufficient proof for the registered entity.
The input tax credit is available for goods purchased and services availed.
The GSTIN registration number plays an important role in increasing the value of a company's brand.
Contact us
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Documents Required
The list of documents required for New GST registration of for various business are as follows:
Proprietorship
PAN Card and address proof of proprietor
LLP
PAN Card of LLP
LLP Agreement
Partner's names and address proof
Private Limited Company
Certificate of Incorporation
PAN Card of Company
Articles of Association, AOA
Memorandum of Association, MOA
Resolution signed by board members
Identity and address proof of directors
Digital Signature
The following can be shown as proof of address of a director
Passport
Voter Identity Card
Aadhar Card
Ration Card
Telephone or Electricity Bill
Driving License
Bank Account Statement
Process
01
Visit the GST portal online at (www.gst.gov.in)
02
Fill Part- A of the registration form 1
03
You will receive an application reference number (ARN) on your mobile and via email.
04
Fill in the second part of the registration form and upload the required documents according to the business type
05
Submit the required documents within 7 working days along with GST REG-04
06
Go through the email and look for errors. In case of any errors, your application may get rejected, and you will be notified about the same in form GST REG-05 of registration under GST.
Obtain a registration certificate from the GST portal. After having GSTIN, the entity is required to file applicable GST Returns for the relevant periods.
Penalty
In the event of genuine errors, non- or late registration of an individual's business with the GST council will result in a penalty of 10% of the due amount. The minimum penalty, however, is Rs.10,000. If the authorities determine that an individual is attempting to evade tax on purpose, the penalty will be 100 percent of the due tax amount. As a result, it is critical for an individual to conduct due diligence as quickly as possible.
Why Companies Trust FinAccle
FinAccle provides one-stop integrated Financial-Accounting-Legal solutions to its clients.
You get all Financial, taxation, Accounting and legal solution under one roof.
We shall take relevant documents from you and apply for GST registration on your behalf and you shall be allotted GSTN at the earliest.
We are always Accessible, Approachable and Accountable.
Got a question?
We've got answers.
At the time of registration will the assesses have to declare all his places of business?
Yes. The principal place of business and place of business have been separately defined under section 2(89) & 2(85) of the CGST/SGST Act respectively. The taxpayer will have to declare the principal place of business as well as the details of additional places of business in the registration form.
Can a person without GST registration claim ITC and collect tax?
Can I cancel my GST registration?
If a person is operating in different states, with the same PAN number, whether he can operate with a single Registration?
What if I do not apply GST number even though being liable to do so?