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    GST Registration - What, When and How?

    GST is the biggest tax reform in India, tremendously improving ease of doing business and increasing the taxpayer base in India by bringing in millions of small businesses in India. By abolishing and subsuming multiple taxes into a single system, tax complexities would be reduced while tax base is increased substantially. Under the new GST regime, all entities involved in buying or selling goods or providing services or both are required to register for GST. Entities without GST registration would not be allowed to collect GST from a customer or claim an input tax credit of GST paid and/or could be penalised. Further, registration under GST is mandatory once an entity crosses the minimum threshold turnover of starts a new business that is expected to cross the prescribed turnover

    GST Turnover Limit

    There are various types of GST registration and some types of entities like casual taxable persons, non-resident taxable persons or persons supplying through eCommerce operators are required to mandatorily obtain GST registration irrespective of turnover limit. The GST turnover limit for regular GST registration for service providers and goods supplier is provided below.

    Service Providers: Any person or entity who provides service of more than Rs.20 lakhs in aggregate turnover in a year is required to obtain GST registration. In special category states, the GST turnover limit for service providers has been fixed at Rs.10 lakhs.

    Goods Suppliers: As per notification No.10/2019 any person who is engaged in the exclusive supply of goods whose aggregate turnover crosses Rs.40 lakhs in a year is required to obtain GST registration. To be eligible for the Rs.40 lakhs turnover limit, the supplier must satisfy the following conditions:

    • Should not be providing any services.
    • The supplier should not be engaged in making intra-state (supplying goods within the same state) supplies in the States of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Puducherry, Sikkim, Telangana, Tripur and Uttarakhand.
    • Should not be involved in the supply of ice cream, pan masala or tobacco.

    If the above conditions are not met, the supplier of goods would be required to obtain GST registration when the turnover crosses Rs.20 lakhs and Rs.10 lakhs in special category states.

    Special Category States: Under GST, the following are listed as special category states – Arunachal Pradesh, Assam, Jammu and Kashmir, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura, Himachal Pradesh and Uttarakhand.

    Aggregate Turnover: Aggregate turnover = (Taxable supplies + Exempt Supplies + Exports + Inter-State Supplies) – (Taxes + Value of Inward Supplies + Value of Supplies Taxable under Reverse Charge + Value of Non-Taxable Supplies).

    Aggregate turnover is calculated based on the PAN. Hence, even if one person has multiple places of business, it must be summed to arrive at the aggregate turnover.

    Voluntary GST Registration

    Any person or entity irrespective of business turnover can obtain GST registration at any-time. Hence, GST registration is obtained by many businesses in spite of not reaching the aggregate turnover limit. Some of the main reasons for obtaining voluntary GST registration are:

    • To improve the business credibility
    • To satisfy the requirements of B2B customers
    • To claim input tax credit benefits

    GST Registration Responsibilities

    Entities registered under GST have various responsibilities and compliance requirements from time to time. Failure to comply with the GST regulations or compliance requirements can lead to penalties and revocation of GST registration by the authorities. Some of the main responsibilities of a person registered under GST include:

    • Collecting and remitting GST amount from customers
    • Issuing proper GST invoice as per the GST rules and regulations
    • Filing GST returns whenever due based on turnover – even if there is no turnover or business activity
    • FIling annual GST return
    • Maintaining all records pertaining to GST for a period of 8 years

    FirstFiling is the leading business services platform in India, offering a variety of services like income tax filing, GST return filing, private limited company registration, trademark filing and more. FirstFiling can help you obtain GST registration in India and maintain GST compliance through a proprietary GST accounting software. The average time taken to obtain GST Certificate is about 5 – 10 working days, subject to government processing time and client document submission. Get a free consultation on GST and GST return filing by scheduling an appointment with a FirstFiling Advisor.

    Why go with FirstFiling for GST Registration?

    Registration by CA

    Your GST registration will be handled by our team of experienced CA professionals having vast experience.

    After Service Support

    Get answers to all your queries even after completing your registration, as it is just a beginning of our relationship.

    Timely Submission

    We will submit your GST Application within 24 hours from the time of submission of all the required documents.

    Answerable to Govt.

    We will take care of all the things until your registration certificate is generated by the GST Department.

    Who should register for GST?

    FirstFiling can help you through the entire process of obtaining a GST registration!

     

    Our team of professionals can get it done for you!

    Pricing

    (All inclusive)

    Documents Required

    Documents required to get GST registration for a Sole Proprietorship Firm

     

    1) PAN of Proprietor
    2) Address proof (Aadhar card or Passport or Driving License etc)
    3) Passport Size Photo
    4) Cross bank cheque having a name and account number or passbook front page along with few latest transactions page (Cheque or passbook of proprietor is sufficient)
    5) Address details of the registered address
    – Rental Property – Rent/Lease agreement in case of rental properties
    – Owned Property – Electricity bill must be in name of the applicant.
    – Other Cases – No Objection Certificate/Consent Letter from the owner of the property along with the electricity bill in such cases where the property owned by the applicant family member etc.

    Note – Cross cheque or passbook of saving account is sufficient and we do NOT require cheque of firm.

    Documents required to get GST registration for a business other than Sole Proprietorship

     

    1) PAN of Business (Partnership firm, LLP, Company etc)
    2) Identity and address proof of the partners/directors/CEO (Aadhar card or Passport or Driving License etc)
    3) Passport Size Photo of the partners/directors/CEO
    4) Cross bank cheque of the business or bank statement with few latest transactions page
    5) Business registration document (partnership deed or certificate of incorporation for companies or LLP or trust deed etc)
    5) Address details of the registered address
    – Rental Property – Rent/Lease agreement in case of rental properties
    – Owned Property – Electricity bill must be in name of the applicant.
    – Other Cases – No Objection Certificate/Consent Letter from the owner of the property along with the electricity bill in such cases where the property owned by the applicant family member etc.

    Frequently Asked Questions

    An entity liable to be registered under GST should apply for registration under GST within 30 days from the date on which the entity becomes liable to register for GST. Casual taxable persons and non-resident taxable persons are required to be registered under GST, prior to commencing business.

    No. An entity operating in multiple states will have to get registered separately for each of the States from where taxable supply of goods or services is made.

    Procedure has been provided in the GST portal for migration of existing service tax or VAT or central excise to GST. Entities registered under old tax laws must complete GST migration mandatorily to obtain GST.

    Yes. Any entity wishing to claim input tax credit can registered voluntarily, even if not liable to be registered. After registration, voluntarily registered entities will also have to comply with regulations as applicable to a normal taxable person.

    Yes. PAN is mandatory for normal taxpayers and casual taxable persons to be registered under GST. However, PAN is not mandatory for a non-resident taxable person for obtaining registration.

    Once GST certificate is granted, the registration is valid until its surrendered or cancelled or suspended. Only GST certificate issued to non-resident taxable person and casual taxable person have a validity period.

    No, an unregistered person without GSTIN cannot collect GST from customers or claim input tax credit of GST paid.

    After submission of GST application with all the required documents, GSTIN is alloted within 7 working days.

    Aggregate turnover is the aggregate value of all taxable supplies, exempt supplies, export of goods or services or both and inter-State supplies of a person having same PAN. Aggregate turnover does not include CGST, SGST, IGST and GST cess.

    Primary authorized signatory is the person who is primarily responsible to perform action on the GST System Portal on behalf of the taxpayer. It can be the promoter of the business or any person nominated by the promoters of the business.

    Get your GST registration done today!

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