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GST Registration in India
Business with 20 lakh turnover or interstate trade is required to obtain GST Registration, It takes around 2-6 working days within which GST registration is confirmed by the GSTIN, however temporary number is generated instantly.
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GST Registration in India
Under the new tax regime of Goods and Services Tax, all persons involved in the supply of goods or services are required to obtain registration of GST. Those who are not registered under GST shall not be allowed to collect GST from customers or claim input tax credit (ITC) on inward supply. GST Council has prescribed 20 Lakhs of turnover to be the threshold limit for registration under GST. However, for northeastern states, it is 10 Lakhs. The registration must be applied within 30 days of reaching the threshold limit. For GST, the term Aggregate Turnover means all supplies made by the taxable person whether on his own or behalf of a principal. However, in case of registered job worker, the turnover of supplies under job work won't be included in his turnover. Registration is though online but is very tricky and should be done by professionals only.
Important Points For GST Registration
Professional Services
Mandatory Under Law
For Specific Tax Payers, The Registration Under GST Is Mandatory Based On The Nature Of The Transaction Or The Turnover.
Turnover Based Registration
Registration Becomes Mandatory Based On A Specific Threshold Or Turnover Of Rs 10 Lakh, 20 Lakh Or 40 Lakh. Refer Below Table
To Avail Input Tax Credit
Registration Is Must To Avail The Input Credit Of Gst On Purchase Of Goods Or Services Taken For The Business.
To Make Inter-state Supply
The Supply Of Goods By And Between Different States Is Not Permitted Without Gst Registration Number On Invoice.
Necessary For Import & Export
For Doing Any Import Or Export, Gst Registration Is A Must. You May Avail 0% Gst Rate On Exports After Filing Lut.
Other Tax Payer Category
It Is Compulsory Irrespective Of The Turnover, For The Casual Taxable Person, In Case Of Rcm, Non-resident, Isd, Etc.
Documentation & Pricing
For the most updated list of Documents required for GST Registration Please refer to https://www.gst.gov.in/docadvisor/
Click here to find HSN and SAC Code https://cbic-gst.gov.in/gst-goods-services-rates.html
DOCUMENTS OF PROPRIETOR/ OWNER
- Documents Of Proprietor/ Owner
- PAN Card & Aadhar of Proprietor
- Address Proof of Proprietor: Voter ID/Passport/Driving License/Aadhar
- Cancelled Cheque
- Photographs of Proprietor
- Mobile and Email ID for OTP
DOCUMENTS OF PROPRIETOR/ OWNER
- Business Address Proof: Electricity Bill/Property Tax Receipt/Sale Deed.
- Proof Not To Be Older Than 2 Months
- Rent Agreement For Commercial Use
- Noc From Owner (If Rent Free)
- Download NOC Format
- Download Questionnaire
Threshold Limit For GST Registration
States with threshold limit of Rs. 10 lakh for both goods & services
Manipur
Mizoram
Nagaland
Tripura
Mizoram
Nagaland
Tripura
States with threshold limit of Rs. 20 lakh for both goods & services
Telangana
Puducherry
Uttarakhand
Arunachal Pradesh
Sikkim
Puducherry
Uttarakhand
Arunachal Pradesh
Sikkim
States with threshold limit of Rs. 20 lakh for services & Rs. 40 lakh for goods
Jammu and Kashmir
Assam
Himachal Pradesh
All other States
Assam
Himachal Pradesh
All other States
Documentation of the GST Registration
GST Registration is a PAN based registration which is done online and for one PAN multiple GST registration can be obtained based on the location or business vertical. The registration must be applied within 30 days of, the coverage and to apply the same soft copy of documents are required. Following is the list of documents required for GST registration in India.
The Certificate of Incorporation issued by the Registrar of Companies
Board Resolution
Bank Details of Company and KYC of its directors and the digital signature is required.
List of Documents and Formats
- Obtaining the GST registration is easier.
- There is no need to get the digital signature
- Registration can be done based on Aadhar based OTP.
- Essential KYC documents are required
DocumentationThe documents required depends on the applicant type, the first step is to arrange the documents required for GST Registration.
Application At GSTINThe applicant is registered on GST Portal for submission of the application, for this purpose OTP is sent on the phone and email.
ARN GenerationARN is generated after submission of application on the GST Portal with all information and required documents
GST RegistrationAfter generation of ARN, the certificate of GST registration is issued by the GSTIN and GST Number is allotted in approx a week time.
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