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January 08, 2022 - BY Admin

Best Online GST Registration Consultant in Jaipur & Rajasthan

Best Online GST Registration Consultant in Jaipur & Rajasthan

What is Online GST Registration in Jaipur?

Goods and Services Tax(GST) which subsumes all taxes such as Sales tax, Service tax, Excise duty etc. into one tax GST. GST registration in Jaipur is required primarily if company annual business sales are more than Rs. Fourty Lakh. Even if your business sales are less than Rs. 40 Lakh, we suggest that you voluntarily opt for GST registration in Jaipur because:

1. You will not get any business tax refunds on purchases (e.g. if you buy goods worth Rs One lakh in a year, and tax rate is 28% - you will lose tax refund of Rs. 28,000).

2. You cannot sell outside your state

TheLegalBank mission

To make available supreme quality GST Services  to everyone in India at reasonable price.

Online GST Application Preparation: 

Our GST Professionals will prepare your GST application and collect the documents necessary for GST Registration in jaipur .

GST Application Filing:

Once the GST registration application is prepared and documents are collected, Our Professional will file your GST registration application online in Jaipur and provide you ARN number immediately.

GST Registration Certificate:

Once the GST application and the attached supporting documents are verified by the Officer, GSTIN and GST registration Certificate in Jaipur is provided.

Who Should Online GST registration in Jaipur & Rajasthan?

  • Individuals business registered under the Pre-GST law in India(i.e., Excise, VAT, Service Tax etc.)

  • Businesses with turnover above the threshold limit of Rs. 20 Lakhs (Rs. 10 Lakhs for North-Eastern States, J&K, Himachal Pradesh and Uttarakhand)

  • Casual taxable person / Non-Resident taxable person

  • Agents of a supplier & Input service distributor

  • Those paying tax under the reverse charge mechanism

  • Person who supplies via e-commerce aggregator

  • Every e-commerce aggregator

  • Person supplying online data information and database access or retrieval services from a place outside India to a person in India, other than a registered taxable person

Benefits of Registration under GST in Jaipur

  • He is authorized to collect taxes from his customers and pass on the credit of the taxes paid to them.

  • He can claim Input Tax Credit(ITC) of taxes paid to his suppliers and can utilize the same for payment of taxes due

  • Seamless flow of Input Tax Credit from suppliers to recipients at the national level.

Documents Required for Online GST Registration in Jaipur & Rajasthan

  1. PAN of the Applicant

  2. Aadhaar card

  3. Proof of business registration or Incorporation certificate

  4. Identity and Address proof of person/ Promoters/Director with Photographs

  5. Address proof of the place of business

  6. Bank Account statement/Cancelled cheque

  7. Digital Signature (In case your company is private limited)

  8. Mobile Number & Email Id

Penalty for not registering under GST in Jaipur & Rajasthan

An offender not paying GST tax or making short payments (genuine errors) has to pay a penalty of 10% of the GST tax amount due subject to a minimum of Rs.10,000.

The penalty will at 100% of the tax amount due when the offender has deliberately evaded paying taxes

GST Registration Process in Jaipur & Rajasthan

  • Go to the Government GST Portal and look for the Registration Tab.

  • Fill PAN, Mobile No., E-mail ID and State in Part-A of Form GST REG-01 of GST Registration in Jaipur.

  • You will receive a GST temporary reference number on your Mobile and via E-mail after OTP verification.

  • You will then need to fill GST Part-B of Form GST REG-01 duly signed (by DSC or EVC) and upload the required legal documents for gst registration in jaipur specified according to the business type.

  • An acknowledgment will be generated in Form GST REG-02.

  • In case of any legal information sought from you and intimated to you in Form GST REG-03, you may need to visit the GST department and clarify or produce the documents within 7 working days in Form GST REG-04.

  • The GST office may also reject your application if they find any errors in gst registration form . You will be informed about this in Form GST REG-05.

  • Finally, a valid 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.

What is GSTIN?

All companies that successfully register under GST are assigned a valid unique Goods and Services Tax Identification Number also known as GSTIN.

When should a business apply for multiple GST registrations?

If a company  business operates from more than one state, then a separate GST registration is required for each state. For instance, If a sweet vendor sells in Punjab and Haryana, he has to apply for separate GST registration in Punjab and Haryana respectively.

A business with multiple business verticals in a state may obtain a separate registration for each business vertical.

What is Composition scheme and when should a business opt for it?

Startup & Small businesses having an annual turnover less than Rs. 1.5 crore* ( Rs. 75 Lakhs for NE States) can opt for a Composition scheme.

*GST Council decided to increase the limit to Rs. 1.5 crores but notification is awaited.

Composition dealers will pay nominal tax rates based on the type of business:

- Composition dealers are required to file only one quarterly return (instead of three monthly returns filed by normal taxpayers).

They cannot issue taxable invoices, i.e., collect tax from customers and are required to pay the tax out of their own pocket.

- Businesses that have opted for a Composition Scheme cannot claim any input tax credit.

Composition scheme is not applicable to :

  • Service providers

  • Inter-state sellers

  • E-commerce sellers

  • Supplier of non-taxable goods - Manufacturer of Notified Goods

Who can Register for the Composition scheme under GST in India?

Composition scheme scheme is a lucrative option for all SMEs & Startups who want lower compliance and lower rates of taxes under GST.

A GST taxpayer whose turnover is below Rs 1 crore* can opt for the Composition Scheme. In case of North-Eastern states and Himachal Pradesh, the present limit is Rs 75* lakh.

Turnover of all businesses registered with the same PAN should be taken into consideration to calculate turnover.

- Limit is raised to Rs. 1.5 crores after decision taken by the GST Council. However notification is awaited.

Learn the Rules about Composition scheme & Know the pros & cons of being a composition dealer.

Obtain GST registration and file CMP-02 to opt in for the scheme.

What are the benefits of registering under GST?

A. For normal registered businesses:

1. Take input tax credit

2. Make interstate sales without restrictions

B. For Composition dealers:

1. Limited compliance

2. Less tax liability

3. High working capital

C. For businesses that voluntarily opt-in for GST registration (Below Rs. 20 lakhs)

1. Take input tax credit

2. Make interstate sales without restrictions

3. Register on e-commerce websites

4. Have a competitive advantage compared to other businesses