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Goods And Services Tax (GST) Registration in India

Get your business registered with Goods & Services tax in India assisted by our expert Indirect Tax advisors.

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25

About This Plan

GST is a consumption based tax and a comprehensive indirect tax which shall levy on supply of goods and services. This taxation system is supposed to make one taxation system within the entire country for all product and services. This would be the biggest tax reform since independence and a boon to the economy as it will eradicate the shortcomings of the current tax structure and provide a single tax on supply of all goods and services.

Services Covered

  • Filing of application for registration with MCA
  • Following up on any queries and examinations
  • Get your secure GST Identification Number

Who Should Buy

  • Any business having a turnover of Rs. 40 Lakhs (for Goods) / Rs. 20 lakhs (for Services) or more in a financial year
  • Any business having a turnover of Rs. 20 lakhs (for Goods) / Rs. 10 Lakhs (for Services) or more in a financial year (for special category North Eastern States)
  • Already registered business under Central Excise, VAT or Service Tax( operating online/offline)
  • Non-resident taxable person operating his or her business in India
  • Vendors selling online through e-commerce platforms

How It's Done

Next step activities

  • Application Preparation and ARN number generation at GST portal (2 to 3 days)
  • Review and verification by GST Officer (3 to 4 days)
  • Processing of Documents (2 to 3 days)
  • Certificate Of Registration - subject to approval by Govt. (4 to 5 days)

Information Guide

Documents To Be Submitted

  • For Private Limited Company (Pvt Ltd)/Public Company (limited company)/Limited Liability Partnerships (LLP)/One person company (OPC):
  • PAN card and Registration Certificate of the Company/LLP
  • Memorandum and Articles of Association in case of Company and LLP agreement in case of LLP
  • Copy of Bank Statement
  • Declaration to comply with provisions and copy of Board Resolution
  • PAN and ID proofs of the Directors/Designated Partners
  • Registered Office Documents (Copy of Electricity bill or Water bill, No objection certificate from owner, Rent agreement, if premises are rented).
  • Documents required for Sole proprietorship / Individual:
  • PAN Card and ID proof of Individual
  • Copy of Cancelled Cheque or Bank Statement
  • Declaration to comply with provisions
  • Registered Office Documents (Copy of Electricity bill or Water bill, No objection certificate from owner, Rent agreement, if premises are rented).

FAQs

  • How GoTaxfile Can help GST Registration?
  • GoTaxfile can help in GST registration in a very less time and affordable price.
  • Do I need to enrol for GST?
  • You are liable to register only if the aggregate turnover in any financial year exceeds the threshold limit.
  • What are the threshold limits for registration?
  • Currently every supplier of goods and services is required to get registered under GST if his aggregate annual turnover during the financial year exceeds Rs. 40 lakhs for goods and 20 Lakhs for services (threshold limit for North Eastern States is 20 lakhs / 10 lakhs).
  • If I have multiple business units within the same state or some other state should I apply for separate registration?
  • Yes, business units even though registered with the same name and under the same PAN will have to apply for separate registration for each such unit whether within the same state or some other state.
  • When will provisional certificate be issued?
  • The Provisional Registration Certificate will be available for downloading at GST Portal. The certificate will be available only if the Registration Application was submitted successfully.
  • When will the final Registration Certificate be issued?
  • The final Registration Certificate will be issued within 6 months of verification of documents by authorized Center / State officials
  • What is GST and GSTIN?
  • GST understand for Goods & Service Tax and GSTIN is a 15 digits state-wise PAN-based number to be used to identify businesses registered. GST is consumption based tax and a comprehensive indirect tax which shall levy on supply of goods and services. This taxation system is supposed to make one taxation system within the entire country for all product and services. This would be the biggest tax reform since independence and a boon to the economy as it will eradicate the shortcomings of the current tax structure and provide a single tax on supply of all goods and services.

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