GST Registration

GST

Our professional researcher is working on the GST research that is a single indirect tax aimed at making the country a unified common market. It is imposed on the supply of goods and/or services within India. The consolidation of several different taxes into one is forecast to help the country move forward by eliminating the cascading of taxes. GST is a comprehensive, multi-stage, destination-based tax that is levied on every value addition.
History

  • 2000 – PM Vajpayee setup a committee to draft a GST law.
  • 2004 – A task force concludes GST must be implemented to improve current tax structure.
  • 2006 – Finance minister proposes GST introduction from 1st April.
  • 2007 – CST to be phased out. Rate reduced from 4% to 3%.
  • 2008 – EC finalised dual GST structure to have separate levy, legislation.
  • 2010 – Project to computerise commercial taxes launched but GST implementation postponed.
  • 2011 – Constitution amendment bill to enable GST law introduced.
  • 2012 – Standing committee begins discussion on GST but stalled it over clause 279B.
  • 2013 – Standing committee tables its report on GST.
  • 2014 – GST bill reintroduced in parliament by finance minister.
  • 2015 – GST bill passed in Lok Shaba but not passed in Rajya Shaba.
  • 2016 – GSTN go live.
  • 2016 – Amended modal GST law passed in both house of parliament. President give assents.
  • 2017 – Four supplementary GST bill passed in Lok Shaba and approved by Cabinet. Rajya Shaba passes four supplementary GST bill. Final GST to implemented on July 1,2017.

GST Registration U/S22
  1. Meaning
    All business whose turnover is above Rs.20 lakh or Rs.10 lakh (for north eastern states) are expected to do GST registration as a regular taxable person.
  2. Mandatory
    Mandatory for following persons:
    • Non-Resident taxable individuals.
    • Entities engaging in E-Commerce.
    • Entities supplying goods & services via E-Commerce operators.
    • Individual who are eligible for TDS.
    • Entities engaging in the provision of online information or retrieval services or database access.
  3. Documents
    Documents required for registration
    • PAN of the applicant,
    • Aadhar card,
    • Proof of address of the business place,
    • Business registration proof or certificate of incorporation,
    • Photograph of director(s),
    • Proof of identity of promoters,
    • Proof of address of promoters,
    • Statement of bank a/c or cancelled cheque,
    • Authorisation letter or board resolution for authorised signatory,
    • Digital signature

Type of GST

  1. CGST
  2. Applicable in terms of intra-state sales. CGST is collected by central government.
  3. SGST
  4. Applicable in terms of intra-state sales. SGST is collected by respective state government.
  5. UTGST
  6. Applicable for transactions taking place in a union territory. UTGST is collected by respective union territory government.
  7. IGST
  8. Applicable in terms of inter-state sales. IGST is collected by central government.

Registration Procedure

  1. Login
    • Login to www.gst.gov.in
    • Click on the ‘services’ tab on the menu at the top of the page.
    • You will have three options viz. ‘Registration’, ‘Payments’ and ‘user services’
    • Click on ‘Registration’ and select ‘New Registration’.
  2. Part-A
    • Login to www.gst.gov.in
    • You will be redirected to a new page wherein you will have to select whether you are a taxpayer or a GST practitioner. This is basically Part-A of the form.
    • The details you have entered will have to be verified by the portal, you will receive an OTP or an e-mail for confirmation
    • Based on the kind of business you are running; you will be required to upload a few documents as requested.
    • Click on ‘Registration’ and select ‘New Registration’.
  3. Part-B
    • Part-B of the form will then have to be filled in with a few details after which you will receive the ARN though email or SMS.
    • Your application will then be verified by a GST officer and it could either be approved or you will be requested to provide some more details or documents until the authorities have all the required information to approve your application.

FAQ's

    Laws regulating Cooperative Societies in India are:
  • State Cooperative Societies Acts of individual states e.g. Meghalaya
  • Multi-State Cooperative Societies Act, 2002 for the multi-state Cooperative societies with Area of operation in more than one State.

A multi-state Cooperative Society means a society registered or deemed to be registered under the Multi-State Cooperative Societies Act, 2002 and includes a national Cooperative society or a Federal Cooperative.

    Cooperative Principles are guidelines by which cooperatives put their values into practice. The Cooperative principles are:
  • Voluntary and open membership
  • Democratic member Control
  • Member economic participation
  • Autonomy and Independence
  • Education, Training and Information
  • Cooperation among Cooperatives
  • Concern for community

National Cooperative Union of India (NCUI) and National Cooperative Development Corporation (NCDC) are the important agencies working for promotion of cooperative movement in India.

Laws regulating Cooperative Societies in India are: (a) State Cooperative Societies Acts of individual states (b) Multi-State Cooperative Societies Act, 2002 for the multi-state Cooperative societies with Area of operation in more than one State.

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