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GST Registration

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Apply for GST Registration

GST Registration is an Indirect Tax called Goods and Services Tax. The GST has come into force in India on 1 July 2017 and has replaced most of the indirect taxes in India.

In today’s date, if a person wants to do any business related to goods and services, then everyone except small and medium businesses will have to get GST registration compulsorily, without that person or business cannot buy or sell goods or services. Can |

In simple language, any person or organization that supplies or supplies goods and services. If his annual sales or turnover (40 lakhs / 20 lakhs in the North-Eastern states) exceeds the limit, he will have to take GST registration and once registered he will be required to follow all the rules under GST. Tax has to be paid.

On the contrary, if he does not get GST registration, he will not get the benefit of Input Tax Credit and he will be deprived of many types of benefits as well and Penalty will also be imposed on him for not getting GST registration.

GST Registration Rules

A. Mandatory Registration – Compulsory Registration

After understanding and knowing the GST, the most important question comes who should compulsorily register for GST and who does not. So the main basis for registration in GST is – Total Annual Sales / Annual Turnover of your business.

Starting from April 1, 2019, all businesses whose annual sales are more than 40 lakhs (20 lakhs in some north-eastern states) will have to be compulsorily registered under GST and follow the rules of GST. Here are some things to keep in mind in this new GST limit –

  • The limit of 40 lakhs will start from the new financial year of 1 April 2019.
  • This limit is applicable only on Sale of Goods, it is not applicable for services.
  • This limit does not apply even when there is Inter State Supply.
  • With this, the following will also have to take Mandatory GST Registration –
  • Non Resident Indian (NRI)
  • E-commerce agencies
  • Entities supplying goods and services through e-commerce operators.
  • Person eligible for TDS (TDS Deductor)

B. Voluntary Registration 

Generally, if the annual sales of your business do not exceed 40 lakhs / 20 lakhs then you do not need to get GST Registration. But even if it is not mandatory, if you want to get GST registration, then you can do voluntary registration.

It is important to note one thing if you get GST registration once, after that you will have to follow the rules of GST like everyone else. Further, even if the annual sales of the business fall below the Threshold limit, there will be no difference. Along with this, the business also gets many benefits from voluntary GST registration. like –

  • Benefits of Input Tax Credit
  • Interstate supply without any restrictions.
  • Freedom to trade through an e-commerce website.
  • To be legally recognized as a supplier of goods and services.

Types of GST Registration

1. Regular – General Registration

Regular Dealer covers all the merchants who normally supply goods and services and who do not apply under any particular scheme or Aadhaar (eg composition scheme or foreign NRI).

In simple words, in general, the business which supplies its Goods and Services does not do any other special activity. GST registration is done on the basis of the regular dealer for such business or business. Traders can compulsorily or voluntarily get GST registration done under this.

2. Composition Scheme – Composition Scheme (Simple Process for Small Businesses)

The Composition Scheme has been brought to small and fixed-selling businesses so that the process of GST for small businesses is made easier. This is an option if the annual total sales of the traders is less than 1.5 crore, they can take GST registration under the composition scheme.

GST Rates in Composition Scheme

In the composition scheme, GST has to be paid at low rates directly on the total sale of every quarter. Where the normal scheme normally attracts 18% GST on the cell and gets the GST paid on Input Credit on the goods purchased, the same composition scheme directly taxes the cell at the rate of 1% or 5% and does not get Input credit. Are

Trader or Manufacturer – 1% GST (0.5% CGST + 0.5% IGST)
Restaurants – 5% GST (2.5% CGST + 2.5% IGST)

Composition Scheme – Important Rules

  1. They cannot claim for Input Credit.
  2. They have to pay GST on their turnover with a fixed rate.
  3. Up to 5 lakh services can be provided with the supply of Goods in a year.
  4. Traders cannot supply goods on which GST does not appear.
  5. Composition Dealer cannot do Inter-State Supply.
  6. The dealer will have to pay tax at normal rates under the Reverse Charge Mechanism transactions.
  7. Where the business is going on, the merchant has to show that he is doing business under the Composition Scheme.
  8. Under the composition scheme, the merchant cannot collect GST from his customer.
  9. He will have to pay GST from his own pocket, hence he has to pay Bill of Sup instead of Tax Invoice.

Documents for GST Registration –

Different types of taxpayers will need the following documents for GST Registration –

# 1 Individual / Sole Proprietorship

  • PAN card, Aadhar card and photo of the person.
  • Valid mobile number and email id
  • Proof of Place of Business
  • Valid Bank Account Details

# 2 Partnership / LLP

  • PAN card, Aadhaar card and photo of all members.
  • Proof of Place of Business
  • Valid Bank Account Details
  • Having LLP – Copy of Board resolution & Registration Certificate of the LLP
  • Proof of appointment of authorized signatory- letter of authorization

# 3 Company

  • Company PAN Card 
  • Registration Certificate of the company
  • Memorandum of Association (MOA) and Articles of Association (AOA)
  • PAN card, Aadhar card, and photo of all Directors.
  • Company Bank Details
  • Address Proof
  • Letter of authorization

# 4 HUF

  • HUF’s PAN Card |
  • PAN Card, Aadhar Card and Photo of Karta
  • Address proof of place of business Own office / Rented office
  • Bank account information

# 5 Society or Trust or Club

  • PAN Card of Society / Trust / Club
  • Their registration certificate
  • PAN card and photo of Promoter / Partners.
  • Bank account information (copy of the canceled cheque or bank statement)
  • Address Proof of Registered Office – (Own office / Rented office)
  • Letter of authorization

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Send documents on WhatsApp and get your GST number @ 1,499 / –

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Our experts will file your GST application. Within 3-7 days, you will get the Registration Certificate

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