WHY GST REGISTRATION?
In the GST Regime, businesses whose turnover exceeds Rs. 40 lakhs (Rs. 10 lakhs for Northeast and hilly states) is required to register as a normal taxable person. This process of registration is called GST registration.
For certain businesses, registration under GST is mandatory. An entity should get GST registration in India if they are involved in supplying goods from one state to another. If the entity carries on business without registering under GST, it will be an offence under GST and heavy penalties will apply.
GST registration usually takes between 2-7 working days. We’ll help you to register for GST in 3 easy steps.
Also, taxpayers with a turnover of less than Rs.1.5 crore can choose composition scheme to get rid of tedious GST formalities and pay GST at a fixed rate of turnover.
GST REGISTRATION FEES
FOR PROPRIETORSHIP
₹ 799
(GST Included)
FOR PARTNERSHIP
₹ 999
(GST Included)
FOR PVT. LTD. COMPANY
₹ 1499
(GST Included)
INCLUSIONS
- Filing of Application for GST Registration
- Reply of Query Raised by the Department
- Secure GST Identification Number
- Dedicated manager to process your GST registration end to end
- Completely Online – No need to visit office
- CA Assisted GST Filing for all your GST needs
- No Hidden Cost
GST FAQS
- Individuals registered under the Pre-GST law (i.e., Excise, VAT, Service Tax etc.
- Businesses with turnover above the threshold limit of Rs. 40 Lakhs* (Rs. 10 Lakhs for North-Eastern States, J&K, Himachal Pradesh and Uttarakhand)
- Casual taxable person / Non-Resident taxable person
- Agents of a supplier & Input service distributor
- Those paying tax under the reverse charge mechanism
- Person who supplies via e-commerce aggregator
- Every e-commerce aggregator
- Person supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered taxable personPenalty for not registering under GST?
- An offender not paying tax or making short payments (genuine errors) has to pay a penalty of 10% of the tax amount due subject to a minimum of Rs.10,000. The penalty will at 100% of the tax amount due when the offender has deliberately evaded paying taxes.
Yes, you are required to obtain GST registration once your turnover exceeds the specified threshold limits.
If a business operates from more than one state, the taxpayer should obtain a separate GST registration for each state. For instance, If an automobile company sells in Karnataka and Tamil Nadu, he has to apply for separate GST registration in Karnataka and Tamilnadu respectively.
Yes, a business can apply for any number of GST registrations within a state. The procedure of allocating multiple GST registrations only for different business verticals within a state has been removed for ease of business.
Small taxpayers who wish to have lesser compliances to deal with and lower rates of taxes under GST, can opt for the Composition scheme,
A trader whose aggregate turnover is below Rs 1.5 crore can opt for the Composition scheme. In the case of North-Eastern states and Himachal Pradesh, the present limit is Rs.75 lakh.
Also, the government extended the Composition scheme to service providers having an aggregate turnover of up to Rs.50 lakhs.
Aggregate turnover should be taken into consideration to calculate turnover. Aggregate turnover means the aggregate value of all taxable supplies excluding inward supplies liable to reverse charge, but including exempt supplies, exports of goods or services or both and inter-state supplies of persons having the same PAN, to be computed on an all-India basis. It is to be noted that CGST, SGST, UTGST, IGST and cess should be excluded while calculating aggregate turnover.
- For normal registered businesses:
- Take input tax credit
- Conduct interstate business without restrictions
- For Composition dealers:
- Limited compliance
- Lesser tax liability
- Less impact on working capitalC. For businesses that voluntarily opt-in for GST registration (Below Rs.40 lakhs*)
- Avail input tax credit
- Conduct interstate business without restrictions
- Easily register on online & e-commerce websites
- Get a competitive advantage compared to other businesses
- *CBIC has notified the increase in threshold turnover from Rs 20 lakhs to Rs 40 lakhs. The notification will come into effect from 1st April 2019. Certain states have opted for different threshold limits.