GST Registration Online
✔️GST Application filing in 2 business days Starting at ₹499 T&C*
✔️Simple process for new GST registration, application status tracking, and filing for clarifications
✔️Tailored services for GST needs of citizens, eCommerce sellers, an government offices
✔️All GST needs Met: CA-assisted online document submission, GST filing, GSTIN procurement.
✔️Assistance for GST e-invoicing, ledger, and invoice maintenance document needed List of documents needed.
✔️List of Documents needed
- PAN card of Company
- Certificate of Incorporation
- Articles of Association, AOA
All Documents
- 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
- Director’s Proof (Any 2 from the below)
- PAN Card of LLP
- LLP Agreement
- Partners’ names and address proof
- Director’s Proof (Any 2 from the below)
- PAN Card
- Address proof of proprietor
Director’s Proof (Any 2 to be shown as proof of address of a director)
- Telephone or Electricity Bill
- Driving License
- Bank Account Statement
- Ration Card
- Passport
- Voter Identity Card
- Aadhar Card
What is GST Registration
GST registration is the procedure through which a business obtains a unique identification number under the Goods and Services Tax (GST) system in India. Mandated by the Central Goods and Services Tax Act of 2017, businesses with an annual turnover exceeding ₹40 lakh (or ₹20 lakh in certain special category states) must register as normal taxable entities. The GST Identification Number (GSTIN), comprising 15 digits, serves as a distinct identifier for each taxpayer, facilitating the reporting of all transaction-related operations to authorities.
GST, a destination-based, multi-stage indirect tax, replaces earlier taxes like VAT. The registration process involves businesses liable for service tax, excise duty, VAT, or central excise registering under the GST Act. Notably, all eCommerce sellers are required to undergo GST registration. Individuals can conveniently apply for GST registration online via the GST portal, eliminating the need to physically visit government offices. Upon submission of the application, the portal promptly generates an Application Reference Number (ARN) to track the registration status.
Benefits of Registering for GST
A crucial first step toward India’s unified tax system is registration under the GST. It provides registered firms with a host of benefits. Benefits of registering under the GST Act of 2017 for a taxpayer include the following:
Legal Recognition
Registering for GST grants a firm legal recognition as a supplier of goods or services, establishing its status as a recognized entity under the law. This validation is crucial for businesses as it ensures compliance with tax regulations and affirms their legitimacy in the marketplace. By obtaining GST registration, businesses demonstrate their commitment to operating within the formal economy and fulfilling their tax obligations responsibly. This legal recognition not only enhances the credibility and trustworthiness of the firm but also opens doors to various benefits and opportunities within the GST .
Input Tax Credit (ITC)
Input Tax Credit (ITC) under the Goods and Services Tax (GST) regime allows businesses to offset the tax paid on inputs (purchases of goods and services) against their output tax liability. This mechanism ensures that tax is levied only on the value addition at each stage of the supply chain, thereby preventing double taxation and reducing the overall cost of goods and services. ITC is a key feature that promotes transparency, compliance, and efficiency in the tax system, benefiting businesses by lowering their tax burden and potentially reducing prices for consumers.
Simplified Process
The implementation of GST has significantly simplified tax compliance procedures by centralizing tax submission and payment processes onto a unified online platform. This streamlined approach enables businesses to efficiently fulfill their tax obligations, reducing the administrative burden and time previously required. Through a single online platform, businesses can now manage their tax affairs more effectively, ensuring smoother operations and enhancing overall compliance with GST regulations.
Composition
Scheme
The Composition Scheme under GST provides small businesses with the option to pay tax at a lower, fixed rate, thereby reducing their tax burden and simplifying compliance requirements. This scheme is designed to make it easier for small businesses to manage their finances by offering a straightforward tax payment mechanism without the complexities of regular GST filing. It aims to encourage small businesses to focus on growth rather than tax compliance, fostering a conducive environment for their development within the GST.
Higher Threshold for GST Registration
With the higher registration threshold of ₹40 lakh for annual turnover, only businesses exceeding this limit are mandated to register for GST. This exclusion benefits many small businesses by easing their operational processes, as they are not required to comply with GST regulations unless their turnover exceeds the threshold. This measure aims to reduce the compliance burden on smaller enterprises, allowing them to focus more on business growth and operational efficiency without the immediate requirement of GST registration and associated formalities.
Eliminates the Cascading Effect of Taxes
GST eliminates the cascading effect of taxes by allowing businesses to claim input tax credit (ITC) across the entire supply chain. This means that businesses can offset the tax paid on their purchases (inputs) against the tax liability on their sales (outputs). By doing so, GST ensures that taxes are levied only on the value addition at each stage of production and distribution, thereby reducing the overall tax burden on end consumers. This mechanism promotes efficiency, transparency, and cost savings throughout the economy, benefiting businesses and consumers alike.
GST Compliance Rating
The GST compliance rating is an assessment provided by the government to businesses, evaluating their adherence to tax regulations. This rating considers factors such as punctual submission of monthly and annual returns, accurate reporting of input credits utilized, and timely tax payments. It serves as an indicator to customers and other businesses of a company’s compliance with tax laws. High-rated businesses benefit from expedited processing of Input Tax Credit (ITC) claims and refunds, ensuring prompt allocation of credits and reimbursements by GST authorities.
Documents Required for GST Registration
The following documents are required for the new registration process.
- Applicant’s PAN
- Aadhaar card
- Evidence of business registration or Incorporation certificate
- Promoters/Director’s Identity and Address proof with Photographs
- Business location Address proof
- Electricity bill and utility bill of the office address
- Bank account details, statement or canceled cheque
- Digital Signature Certificate
- Letter of Authorization Board Resolution for Authorised Signatory
Checklist for FSSAI registration
Applying for FSSAI registration requires the applicant to provide details of the business and the business activity. Here is a complete checklist for FSSAI registration
- Business name and business entity type
- Business official address proof
- Contact details of the business
- Business address
- Description of business activity
- Total annual quantity of production
- Business registration details
- Date of business commencement
- In case of seasonal business the total duration of business commitment.
GST Registration Eligibility and Threshold Limits
Before registering for GST, eligibility must be verified. Individuals who were registered under the previous GST law are required to opt for GST registration as well. Businesses operating in normal category states must register if their turnover exceeds ₹40 lakhs for the sale of goods, while those in special category states need to register if their turnover exceeds ₹20 lakhs. Companies whose annual turnover surpasses ₹40 lakhs must register as regular taxable entities under GST law. The GST council provides recommendations on GST rates, tax exemptions, and other related policies.
Aggregate Turnover
Registration Required
Applicability
Earlier Limits for Sale of Goods/Providing Services
Exceeds ₹20 lakh
Exceeds ₹10 lakh
Yes – For Normal Category States
Yes – For Special Category States
Upto 31 March 2019
Upto 31 March 2019
New Limits for Sale of Goods
Exceeds ₹40 lakh
Exceeds ₹20 lakh
Yes – For Normal Category States
Yes – For Special Category States
From 1 April 2019
From 1 April 2019
New Limits for Providing Services
Exceeds ₹40 lakh
Exceeds ₹20 lakh
Yes – For Normal Category States
Yes – For Special Category States
Upto 31 March 2019
Upto 31 March 2019
For Service Providers
Exceeds ₹20 lakh
Exceeds ₹10 lakh
Yes – For Normal Category States
Yes – For Special Category States
From 1 April 2019
From 1 April 2019
Turnover Limits for GST Registration
Businesses that surpass an annual turnover of ₹40 lakhs (for goods) and ₹20 lakhs (for services) must register for GST and meet tax obligations on their taxable goods and services. While not obligatory, businesses with revenue under ₹40 lakhs in the fiscal year may opt for GST registration voluntarily. This registration grants them access to benefits such as input tax credit. It’s important to note that states categorized as special have different minimum thresholds: ₹10 lakhs for services and ₹20 lakhs for goods.
Step-by-Step Guide For GST Registration Process
Here are 4 steps to complete your GST registration process
Step 1
Get in touch with our experts
Step 2
Provide Business Information
Step 3
Filing for GST Registration
Step 4
Get your GSTIN
1. Get in touch with our experts
Book a slot with our GST experts and resolve all your queries.
2.Provide Business Information
Provide the required documents and fill in essential business details such as business name, SEZ unit, Principal place of business, additional places, mobile number, email address, state, PAN card details for initiating the registration process.
3.Filing for GST Registration
Our team will file your GST registration application on the online portal. Once filed, you’ll receive an OTP for verification.
4.Get your GSTIN
Book a slot with our GST experts and resolve all your queries. Our team will provide you with the Application Reference Number (ARN) (also called as temporary reference number) after successful verification. You can track application status using the number. GST registration certificate will be available on the official GST website after the process is completed.
Types of GST Registration
Here are few types of GST registered in India:
- SGST: Pertains to transactions involving goods and services within a single state.
- CGST: Applies to the sale of goods or services within the borders of a state.
- IGST: Imposed on transactions involving goods and services across state boundaries.
- UTGST: Levied on the supply of goods and services in Union Territories like Andaman and Nicobar Islands, Daman and Diu, Dadra and Nagar Haveli, Lakshadweep, and Chandigarh. UTGST is charged alongside CGST.
Understanding Your GST Identification Number
A GSTIN (Goods and Services Tax Identification Number) is a unique 15-digit alphanumeric code assigned to businesses registered under India’s GST system. Here’s how it is structured:
- First two digits (State Code): 22 – Identifies the state where the business is registered.
- Next ten digits (PAN): ABCDE1234F – Represents the PAN (Permanent Account Number) of the business.
- Next one digit (Entity Code): 1 – Indicates the entity code specific to the PAN holder.
- Next one digit (Blank): Z – Reserved for future use; currently left blank.
- Last one digit (Check Code): 5 – A digit used for verification purposes to ensure the integrity of the GSTIN.
GST Registration Fees
While there are no GST registration fees mandated by law when registering on the GST portal independently, opting for expert assistance can streamline the process, minimize the risk of rejection, and facilitate swift and hassle-free registration. This support may involve additional costs but can ultimately save time and effort.
What is Form GST Reg 01?
Form GST REG-01 is an application form used for applying for Goods and Services Tax (GST) registration. It is mandatory for individuals or entities seeking GST registration to submit this form. This application is particularly crucial for taxpayers newly registering under GST to claim Input Tax Credit (ITC) on their stock.
The form must be submitted in accordance with Rule 8(1) of the GST rules, except in cases involving non-resident taxable persons, persons required to deduct tax at source under Section 51, persons required to collect tax at source under Section 52, and persons required to supply information online.
Different Categories Which Requires GST Registration
- Education and Learning
- Health and Wellness
- Electricity, Water and Local services
- Money and Taxes
- Jobs
- Justice, Law and Grievances
- Travel and Tourism
- Business and Self-employed
- Births, Deaths, Marriages and Child care
- Pension and Benefits
- Transport and Infrastructure
- Citizenship, Visas & Passports
- Agriculture, Rural and Environment
- Science, IT and Communications
- Youth, Sports and Culture
- Essential Government Services during Pandemic
- Art & Culture
- Communication
- Defence
- Home Affairs & Enforcement
How to Get Expert Help for GST Registration in Hikmadh?
Hikmadh stands out as a trustworthy option for GST registration due to its speedy and streamlined approach. Our software has an easy-to-use interface that simplifies the typically complex GST registration process. Hikmadh’s expert team assures proper documentation and regulatory compliance, allowing businesses to operate smoothly. With a commitment to provide timely and trustworthy services, Hikmadh emerges as a trusted partner for businesses seeking smooth GST registration support.