
info@thestartuptrends.com +91-8851099641


	Home About Us About us Team Our Mission Our Vision Our Culture Start Your Business Proprietorship Partnership Limited Liability Partnership One Person Company Private Limited Company Public Limited Company Subsidiary of Foreign Company Nidhi Company Section 8 Company Producer Company NBFC Company Trust/Society Registrations & Licenses GST Registration FSSAI Registration Import Export Code ISO Certitification PF/ESI Registration MSME/SSI Registration Factory Act Registration Shop & Establishment License Digital Signature APEDA Registration Startup India Registration File Income Tax Return File GST Return Intellectual Property Trademark Registration Trademark Hearing Trademark Opposition Copyright Registration Patent Registration Design Registration Logo Designing Search Report of IPR Total Compliance Audit Advisory Company Law Adviosry Securities Law Advisory Book Keeping & Accounting FEMA & RBI Advisory Taxation Advisory Legal Advisory Funding/Capital Advisory M&A/Transaction Advisory Valuation Documentation & Drafting Risk, Assurance & Due Diligence IBC & NCLT Advisory Blog Ask Query Careers Pay Now Admin Login Email Login Time Sheet Contact Us

GST Registration

GST was introduced in our country on the 1st day of July 2017, and the term GST stands for Goods and Services Tax. GST applies to the service providers, traders and manufacturers all over India. GST is levied in case of all three stages, i.e., purchase of raw materials, manufacturing and sale, either a wholesale or retail sale. Different forms of taxes, such as Service Tax, Excise Duty, CST, Entertainment Tax, Luxury Tax, Octroi, and VAT, were combined into one GST tax.

Under Goods and Services Tax (GST), businesses whose turnover exceeds the threshold limit of Rs.40 lakh or Rs.20 lakh or Rs.10 lakh as the case may be, must register as a normal taxable person. It is called GST registration. For certain businesses, registration under GST is mandatory. If the organization carries on business without registering under GST, it is an offence under GST and heavy penalties will apply.

GST registration usually takes between 2-6 working days. Team Clear can help you obtain GST registration faster in 3 easy steps.

Different Types of GST Registration

Under the GST Act, GST Registration can be of various types. You must be aware of the different types of GST Registration before selecting the appropriate one. The different types of GST Registration are:

Normal Taxpayer- Most businesses in India fall under this category. You need not provide any deposit to become a normal taxpayer. There is also no expiry date for taxpayers who fall under this category.

Casual Taxable Person- Individuals who wish to set up a seasonal shop or stall can opt for this category. You must deposit an advance amount that is equal to the expected GST liability during the time the stall or seasonal shop is operational. The duration of the GST Registration under this category is 3 months and it can be extended or renewed.

Composition Taxpayer- Apply for this if you wish to obtain the GST Composition Scheme. You will have to deposit a flat under this category. The Input tax credit cannot be obtained under this category.

Non-Resident Taxable Person- If you live outside India, but supply goods to individuals who stay in India, opt for this type of GST Registration. Similar to the Casual Taxable Person type, you must pay a deposit equal to the expected GST liability during the time the GST registration is active. The duration for this type of GST registration is usually 3 months, but it can be extended or renewed at the type of expiry.

Non-Resident Taxable Person

The category non-resident taxable person applies to individuals located outside of India. The taxpayers can supply taxable goods or services to residents in India only after obtaining registration. To register as a non-resident taxable person, the taxpayer shall pay a deposit equal to the amount of GST liability. The liability should match the active registration periods. The registration remains active for a period of 3 months.

The following details the types of GST Registration procedure:

GST Registration for Non-Resident Online Service Provider

UN Body /Embassy/Other Notified Person

Special Economic Zone Developer

Special Economic Zone Unit (SEZ)

GST TDS Deductor - Government Entities

GST TCS Collector -E-commerce Companies

Eligibility to Register for GST

GST Registration must be completed by the following individuals and businesses:

1. Individuals who have registered under the tax services before the GST law came into effect.

2. Non-Resident Taxable Person and Casual Taxable Person

3. Individuals who pay tax under the reverse charge mechanism

4. All e-commerce aggregators

5. Businesses that have a turnover that exceeds Rs.40 lakh. In the case of Uttarakhand, Himachal Pradesh, Jammu & Kashmir, and North-Eastern states, the turnover of the business should exceed Rs.10 lakh.

6. Input service distributors and agents of a supplier.

7. Individuals who supply goods through an e-commerce aggregator.

8. Individuals providing database access and online information from outside India to people who live in India other than those who are registered taxable persons.

9. GST registration is mandatory for businesses that have an annual turnover of Rs.20 lakh and more.

Features of GST Registration

Some of the features of GST registration are as follows:

1. GST registration is PAN-based and State-specific.

2. An individual who is registered in one State is termed an ‘unregistered person’ in another State.

3. Suppliers must register in every state or union territory from which they supply services.

4. In case a person owns a unit in a Special Economic Zone (SEZ) or is a SEZ developer and also owns a unit in a domestic tariff area (outside the SEZ) within the same state, they must register the SEZ unit separately.

5. All registered people are expected to display their registration certificates and GSTIN at their primary place of business and also at every additional business location.

6. A particular PAN-based legal organisation will have one GSTIN per State, which implies that a business company with branches in many states would have to register separately in each state. However, a person with several business locations in a State or Union territory may be given a separate registration for each location.

7. GST registration is not tax-specific, which implies that there is just one registration for all taxes, including IGST, CGST, SGST/UTGST, and cesses.

Benefits of GST Registration

The following are some of the advantages of GST registration:

Bank Loans: GST registration and GST return filing serve as proof of business activity and create track record for a business. Banks and NBFCs lend to businesses based on GST return data. Hence, GST registration can help you formalize your business and get credit.

Supplier Onboarding: To become a supplier of reputed companies, GST registration is often times a must during the supplier onboarding process. Hence, GST registration can help you get more business.

eCommerce: GST registration is a must to sell online and through various platforms like Amazon, Flipkart, Snapdeal, Zomato, Swiggy, etc., Hence, having a GST registration will allow you to sell online.

Input Tax Credit: Entities having GST registration are eligible to collect GST from customer for the supply and offset the liability against GST taxes paid while purchasing various goods and services. Hence, GST registration can help you save on taxes and improve margins.

What are the documents required for GST registration?

Take a look at the list of documents that you will need for registering your business under GST:

1. Permanent Account Number (PAN) of the applicant

2. Copy of the Aadhaar card

3. Proof of business registration or incorporation certificate

4. Identity and address proof of promoters / directors / partners with a photograph

5. Bank account statement / cancelled cheque

6. Authorisation letter / board resolution for authorised signatory

7. Digital Signature

GST Registration Steps

STEP-1: Application at GST Common Portal- The applicant declare his Permanent Account Number, mobile number, e-mail address and place of registration in Part A of Form GST REG-01 at the GST common portal. The Permanent Account Number shall be validated online by the common portal from the database maintained by the Central Board of Direct Taxes. The mobile number shall be verified through a one-time password sent to the said mobile number; an

The e-mail address declared shall be verified through a separate one-time password sent to the said e-mail address. On successful verification of PAN, Mobile Number and E-mail address, a Temporary Reference Number (TRN) shall be generated and communicated to the applicant on mobile number and e-mail address.

STEP-2: Submission of Documents at GST Common Portal- Using the Temporary Reference Number (TRN), the applicant has to submit an application in Part B of Form GST REG-01 with required documents at the common portal duly signed and verified with Digital Signature

STEP-3: Acknowledgement of Application- On receipt of an application an acknowledgement shall be issued electronically to the applicant in Form GST REG-02.

STEP-4: Verification of the application and approval- The proper officer shall examine the application and the submitted documents within three days application and if the same are found to be in order, shall approve the grant of registration to the applicant. The timeline may vary from time to time. However the result of processing will be generally available in 7-10 working days of application. If there is any deficiency in the application or if the officer requires any clarification on any information provided in the application or documents furnished, he may issue a notice to the applicant electronically in FORM GST REG-03.The Applicant has to file required details and clarification documents electronically, in FORM GST REG-04 within a period of 7 working days from the date of receipt of such notice.

If there no reply is furnished by the applicant within the stipulated time or where the proper officer is not satisfied with the clarification, the application shall be rejected by the officer and the same will be communicated to the applicant electronically in Form GST REG-05.

STEP-5: Issue of GST Registration certificate- After verification of the application by the officer and if the application has been approved, a certificate of registration in Form GST REG-06 shall be issued to the applicant on the common portal and a Goods and Services Tax Identification Number (GSTIN) shall be assigned to the applicant. Certificate of GST Registration shall be duly signed or verified through electronic verification code by the officer under the Act. There will not be any physical certificate issued by the GST Department. Certificate of GST Registration shall be duly signed or verified through electronic verification code by the officer under the Act. There will not be any physical certificate issued by the GST Department.

GST Registration Status

After Applying for GST Registration you will have an Application Reference Number (ARN). A GST registration application is processed after 15 days of submission, but you can check the GST registration status online on the GST portal.

GST Registration Fees

Getting a GST registration is a legal process that requires you to submit a lot of information about your business and scanned copies of certain documents. The Startup Trends offers a GST registration plan that can save you a lot of time and hassle. With our plan, a GST professional will help you with the entire process from start to finish.

GST Registration

WE ARE ALWAYS READY

REQUEST A CALL BACK