About GST Registration
Introducing Goods and Services Tax (GST) has been a big tax reform in India. And so much time has passed since its introduction that questions like “what is GST Registration” do not sound right. So here is a brief introduction
- GST is the only tax that one has to get his/her business registered under.
- If your business is not GST registered, heavy fines and penalties can be levied.
- GST Registration allows you to collect GST from your customers.
- So avoid going against the law, get your business registered for GST.
- You can get your GST Registration through LegalRaasta. Here, we excel in to lessen the burden of a lengthy registration process. Our expert team will guide you on how you can get GSTIN in a hassle-free way. You can apply anytime for your GST number whether you are based in Delhi NCR, Mumbai, Bengaluru, Chennai, or anywhere in India.
Types of GST
India has a Dual GST Model. Under this tax maybe levied simultaneously by both Central and State governments on certain taxable supplies. Such as on inter-state supplies, tax is levied by Central Government.
|Features||Central GST – CGST||State GST – SGST||Integrated GST – IGST|
|Tax Levied By||Central Government on Intra-State supplies of Goods and/or Services||State Government, on Intra-State supplies||Central Government, on Inter-State supplies|
|Applicability||Supplies inside a state||Supplies inside a state||Interstate supplies and import|
|Input Tax Credit||Against CGST and IGST||Against SGST and IGST||Against CGST, SGST, and IGST|
|Tax Revenue Sharing||Central Government||State Government||Shared between State and Central governments|
Who Must Get GST Registration
All businesses involved in buying or selling goods or providing services, or both, should register for GST. But for below-listed persons, GST Registration is compulsory.
- Previous Law Converted Taxpayer – All individuals or companies registered under the Pre-GST tax laws like Service Tax or Excise or VAT, etc.
- Turnover for Goods Provider – If your sales or turnover of goods is crossing Rs. 40 lakh in a year then GST Registration is mandatory. For the Special Category States, the limit is Rs. 20 lakh in a year.
- Turnover for Service Provider – If you are a service provider & sales or turnover is crossing Rs. 20 lakh in a year then GST Registration is mandatory. For the Special Category States, the limit is Rs. 10 lakh in a year
- Casual Taxpayer – If you supply goods or services, in events/exhibitions, and not have a permanent place of doing business. In such cases, GST is charged on the basis of an estimated turnover of 90 days. The validity of the Registration is also 90 days.
- Agents of Suppliers or Input Service Distributor (ISD) – All supplier agents and ISD, to earn benefits of Input Tax Credit, need GST Registration.
- NRI Taxable Person – If you are an NRI or handling the business of NRI in India.
- Reverse Charge Mechanism (RCM) – Businesses who need to pay taxes under the RCM also need to be GST registered.
- E-Commerce Portals & Sellers – Every e-commerce portal (such as Amazon or Flipkart) under which multiple vendors are selling their products. Or for all vendors. You need a GST Registration.
- Outside India Online Portal – For suppliers of online information and database access or retrieval services from a place outside India to Indian Residents.
- Transferee – When the business has been transferred.
- Inter-State Operations – Persons making an inter-state supply. Whatever the turnover.
- Brands – Aggregator who supplies service under his Brand or Trade Name.
- Other Taxation – Persons who are required to deduct tax u/s 37 (TDS) of the Income Tax Act.
- Voluntary GST Registration – Any entity can obtain GST registration at any-time. Even when the above mandatory conditions don’t apply to them.
- Inter-State Registration – If you are a supplier in more than one state you need GST Registration in all the states that you supply goods or services to.
- Branches – If your business has multiple branches in multiple states, register one particular branch as main office or head office and the remaining branches as additional. (Not applicable if the business has separate verticals as listed in Section 2 (18) of the CGST Act, 2017.)
The Special Category States under GST Act are:
(a) Arunachal Pradesh, (b) Assam, (c) Sikkim, (d) Meghalaya, (e) Tripura, (f) Mizoram, (g) Manipur, (h) Nagaland, and (i) Himachal Pradesh. These states can opt for tax payable at a concessional rate.
GST Registration Process on Government Portal
To register for GST on the Government site, you need to follow the below steps. Cautiously & Accurately.
- Go to the Government GST Portal and look for Registration Tab.
- Fill PAN No., Mobile No., E-mail ID and State in Part-A of Form GST REG-01 of GST Registration.
- You will receive a temporary reference number on your Mobile and via E-mail after OTP verification.
- You will then need to fill Part-B of Form GST REG-01. To be duly signed (by DSC or EVC) and upload the required documents specified according to the business type.
- An acknowledgment will be generated in Form GST REG-02.
- In case any information is pending from your side. It will be sought from you by intimating you in Form GST REG-03. for this, you may be required to visit the department and clarify or produce the documents within 7 working days in Form GST REG-04.
- The office may also reject your application if they find any errors. You will be informed about this in Form GST REG-05.
- Finally, a certificate of registration in Finally, a certificate of registration will be issued to you by the department after verification and approval in Form GST REG-06