What is GST Registration?

GST refers to Goods and Services Tax which subsumes all taxes such as Sales tax, Service tax, Excise duty etc. into GST. GST registration is required primarily if your annual sales are more than Rs. 20 Lakh. Even if your sales are less than Rs. 20 Lakh, we suggest that you voluntarily opt for GST registration because:


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

  • You cannot sell outside your state

GST registration typically takes between 2-6 working days. You need to file your application with the department and sign it with your digital signature. GST Registration can be done through The Legal Bank in Rajasthan.


Who all need GST Registration?


The registration in GST is PAN based and State specific. Supplier has to register in each such State or Union territory from where he effects supply if he fulfills any of the following conditions:


  • Having an annual aggregate turnover from all-India operations which is above the threshold limit of Rs. 20 Lakhs (Rs. 10 Lakhs for North-Eastern States).

  • Currently registered under any of the earlier indirect tax regimes (VAT, Excise Laws, Service Tax Laws) irrespective of the threshold limit.

  • Having branches in multiple states or multiple business verticals in one state.

  • Making any supply to other states.

  • Required to pay tax under Reverse Charge (In case your supplier is not registered under GST).

  • Required to deduct tax at source or an Input Service Distributor.

  • Agents of a supplier.

  • Supplying goods or services through E-commerce Operator.

  • E-commerce Operator / Aggregator who supplies goods or services under his brand name (e.g. Flipkart, Amazon, Ola).

  • Supplying online 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


GST Registration will give the following advantages to a taxpayer.


  • 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 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.

PROCESS

GST Registration will give the following advantages to a taxpayer.


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

  • Fill PAN, 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 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 of any information sought from you and intimated to you in Form GST REG-03, you may need 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.

Documents Required

  • 1. PAN Card of owner/ directors/ partners.

  • 2. Bill of Electricity/ Telephone, Rent Agreement or Letter of Consent (NOC).

  • 3. MOA/ AOA or Partnership Deed

  • 4. Letter of Authorisation for signatory.

  • 5. Bank statement/ Cancelled Cheque.

  • 6. Aadhaar Card of owners/ directors/ partners.

What is GSTIN?

  • The first 2 digits of the 15 digit GSTIN will represent the state code. For example: 01 for Jammu and Kashmir, 02 for Himachal Pradesh, 03 for Punjab, etc.

  • The next 10 digits will be the PAN of person or entity engaged in Business.

Frequently Asked Questions


GST Registration is not mandatory for persons who :


  • Supply agricultural produce from cultivation.

  • Make only exempt supplies (Nil Rated or Non-Taxable supplies) of goods or services.

  • Make supplies which are entirely covered under reverse charge.

Yes, a person can get registered voluntarily under GST in terms of sub-section (3) of section 25. All the provisions will apply to him as they apply to a registered person.



Registration can be cancelled in 2 scenarios:
When the taxable person wishes to voluntarily cancel his GST registration.
When the proper officer, on default by the taxable person, moves to cancel the GST registration on his own motion. This may be when the person is not doing business from his declared registered place of business or if he issues tax invoice without making the supply of goods or services.


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