GST Registration

GST

Goods & Services Tax Regsitration

Brief Overview of GST

The Biggest tax reform “GST” (Goods & Services Tax) which came into effect from July 2017 has completely transformed the Indirect Taxation System in India.

In Simple terms, the introduction of GST has replaced multiple indirect taxes such as VAT/CST, Excise, Service Tax, Custom Duties, Surcharge& Cess, Taxes on Advertisements/Lotteries etc and provided us with a single tax system.

Any Person having Sales/Turnover exceeding the threshold limit of Rs 40 Lakhs for Goods (20 Lakhs for Service Providers) in a Financial Year is mandatorily required to take GST Registration.

Components of GST
CGST:- The Central Govt. of India Collects it on the Intra-State Sales (Sale Within the State) of Goods/Services.
SGST:- The State Govt. Collects it on the Intra-State Sales (Sale Within the State) of Goods/Services.
IGST:- The Central Govt. of India Collects it on the Inter-State Sales (Sale outside the State) of Goods/Services.

Benefits of GST:-
a) Simple & Easy Registration via online mode
b) Return Filing made easy with online portal
c) Eliminates Cascading effects of tax (double taxation is avoided)
d) Reduced No. of Compliances under GST
e) Higher Threshold for Registration (40 Lakhs*)
f) Reduction in Cost for Locally Manufactured Goods & Services

Tax Rates Under GST:-
The Majority of Goods and Services are covered under four different tax rates structures i.e. 5%, 12%, 18% & 28%.
Most of the household products like tea, coffee (except instant), sugar, edible oil are covered under 5% tax Category.
The luxury Items like Cars, AC, Refrigerators etc are covered under 28% tax Category.
The Govt. keep on shifting some of the items from one category to another depending upon the market situations.
For Example- Govt. recently reduced GST rates on Certain life Saving Instruments due to Covid Outbreak in the entire nation.

Our Pricing

  • Basic

  • Market Price : 3,000.00

    Our Price : 1,999.00

    Your Saving : 1001

  • Basic Package of GST Registration
  • Completed By : 30/12/2024

  • What you Get:-

    • GST Registration Certificate
    • GST Amendment (For first 3 Months)

    Note:- We cover following changes in

    GST RC free of cost for first 3 months:-

    • Change in the Name of business,
    • Addition of Additional Place of Business,
    • Contact Details Change like Email & Mobile No.

  • Standard

  • Market Price : 7,500.00

    Our Price : 4,999.00

    Your Saving : 2501

  • Standard Package of GST Registration
  • Completed By : 30/12/2024

    • What you Get:-

      • GST Registration Certificate
      • GST Amendment (For first 3 Months)
      • GSTR 1 & 3B Filing (For first 3 Months)

      Note:- We cover following changes in

      GST RC free of cost for first 3 months:-

      • Change in the Name of business,
      • Addition of Additional Place of Business,
      • Contact Details Change like Email & Mobile No.

  • Premium

  • Market Price : 15,000.00

    Our Price : 11,999.00

    Your Saving : 3001

  • Premium Package of GST Registration
  • Completed By : 30/12/2024

    • What you Get:-

      • GST Registration Certificate
      • GST Amendment (For first 3 Months)
      • GSTR 1 & 3B Filing (For 1 Year)
      • Annual GST Return Filing (If Applicable)

      Note:- We cover following changes in

      GST RC free of cost for first 3 months:-

      • Change in the Name of business,
      • Addition of Additional Place of Business,
      • Contact Details Change like Email & Mobile No.

Documents Required for GST Registration

Latest Electricity Bill
PAN Card
Aadhar Card
Water Bill (If Electricity bill is not available)
Photo of Owner
Rent Agreement
NOC from Owner
Email ID and Mobile No to be Registered on GST Portal

FAQ on GST Registration

Q.1 Why do i need a GST Registration?

Registration under GST provides following advantages to a business:-

- You would be legally recognized as Supplier of Goods or Services

- You can avail Inputs on various purchases of goods & services and set it off against your output liability of GST.

- Banks Provide business loans/CC limits based on turnover history and GST Returns are the best proof or your Sales/Turnover.

Q.2 What is the Eligibility Criteria for Registration under the GST Act 2017?

A.2 Registration under the GST Act is mandatory if your aggregate annual PAN-based turnover of Goods exceeds INR 40 Lakhs for Normal Category States. However, the threshold for registration is INR 20 Lakhs if you have a place of business in Special Category States i.e. in Arunachal Pradesh, Assam, Himachal Pradesh, Jammu & Kashmir, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura, or Uttarakhand. The Threshold limit for turnover of Service Providers is Rs 20 Lakhs for Normal Category States and Rs 10 Lakhs (For Special Category States) Registration is Mandatory Regardless of your turnover if:- - You make Inter-State Supplies - You supply goods through an E-commerce portal - You are a/an Service Provider or - Agent for Registered Principal or - Liable to Pay Reverse Charge.

Q.3 Where and How can I apply for registration under the GST Act?

A.3 Although the registration process is completely online but you would need the services of an expert to help you with finding the right Jurisdiction, the right HSN for your products and or Services along with various other important aspects during registration.

Q.4 What is the Validity of GST Registration?

A.4 There is no fixed validity period under GST. A GST Registration Certificate is valid until cancelled voluntarily (i.e. by the owner of the firm) or Cancelled Suo Moto by the departmental Officers due to certain Irregularities. Your GST RC will also be cancelled in case you dont file your GST Returns for a Continuous Period of Six Months or more.

Q.5 Can we run multiple businesses under Single GST Registration?

A.5 Yes, Although there is no limit to the number of goods/services you can supply. But only up to five activities can be selected while applying for GST Registration. However, it doesn’t limit you from doing other activities. Single Registration is sufficient to run all the businesses within a state.

Q.6 Is it Mandatory to add Bank Account Details during GST Registration?

A.6 No, Since the Current Account is Opened Only after you receive one of the govt licenses to operate your business, You are only required to add bank details once you receive your GST RC. You need to add bank details within 45 days of receiving your GST RC.

Q.7 How long does it take to receive the GST Registration Certificate?

A.7 Normally it takes around 7-10 working days from the date of application to receive the GST RC. However, in some exceptional cases, where the department asks for additional documents/information then it may take longer.

Q.8 Can i Cancel my GST Registration?

A.8 Yes, you can cancel your GST Registration voluntarily at any point of time, provided all the gst returns are filed and taxes are paid up to the date of filing of application for cancellation of GST Registration.

Q.9 I have received a notice from the GST department towards cancellation of my GST Registration. What do i do?

A.9 Generally the Tax officers will send a notice for cancellation of GST Registration if the GST returns are not filed for a continuous period of 6 months and more or if they find any major discrepancies in ITC Claim/Refund claim or on physical visits, the tax officers find that No business activity is being carried on at the address registered under GST etc. You need not to worry. Simply share the copy of notice with us and our team of experts will handle it.

Q.10 Can a cancelled GST Registration be revoked or reversed?

A.10 Yes, if your GST Registration is cancelled by a tax officer then it can be revoked by filing an application for revocation of cancelled registration, provided it is filed within the specified time limits.

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