GST Registration

GST registration can be obtained voluntarily by any person or entity irrespective of turnover. GST registration becomes mandatory if a person or entity sells goods or services beyond a certain turnover. Service Providers: Any person or entity who provides service of more than Rs.20 lakhs in aggregate turnover in a year is required to obtain GST registration. In special category states, the GST turnover limit for service providers has been fixed at Rs.10 lakhs.

Goods Suppliers: As per notification No.10/2019 any person who is engaged in the exclusive supply of goods whose aggregate turnover crosses Rs.40 lakhs in a year is required to obtain GST registration. To be eligible for the Rs.40 lakhs turnover limit, the supplier must satisfy the following conditions:

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GST Registration Online in India or Goods and Service Tax - One Nation One Tax

Being the biggest tax reform in India, GST is levied on goods and services which includes both the Central taxes (CST, Service Tax, Excise Duty) and State taxes (VAT, Entertainment Tax, Luxury Tax, Octroi). This will help the consumer to bear only GST which is charged by the last dealer in the chain of trade and supply.

As per GST Regime, any business operation whose annual turnover is exceeding more than Rs.40 lakh is needed to register as a normal taxable individual. However, there is an exclusion for hill states and North East, the annual turnover is exceeding more than Rs.20 Lakh for them.

Obtaining GST Registration in India is mandatory for all types of businesses whose turnover comes under the above-mentioned criteria. If a business entity carries out any business activities without GST registration, it will be conceived as a punishable offense and the business and its owner will be liable to pay heavy penalties and legal issues.

Types of GST Registration in India

There are different GST registration types, including regular, casual, non-resident, and eCommerce operators. Regardless of the turnover threshold, casual taxpayers, non-resident taxpayers, and eCommerce owners must register for GST.

(1) Casual Taxable Person: A casual taxable person is someone who occasionally provides products or services in a State or a Union territory where the entity does not have a permanent place of business, according to the GST Act. As a result, individuals operating transient businesses at fairs or exhibitions or seasonal enterprises would be considered casual taxable people under the GST.

(2) Non-Resident Taxable Persons: Under the GST, a non-resident taxable person (NRI) is any individual, company, or organization that provides goods or services but does not have a permanent home or place of business in India. As a result, any foreign individual, company, or organization providing products or services to India would be considered a non-resident taxable person and would need to abide by all GST laws in India.

(3) E-Commerce Operators: Anyone who owns, runs, or oversees a digital or electronic facility or platform for electronic trade is considered an e-commerce operator. Therefore, regardless of company revenue, anyone who sells online can be considered an eCommerce Operator and is therefore required to register for GST.

What is a GST Return?

Entities with a GST registration number are given a GSTIN, or Goods and Services Tax Identity Number (GSTIN). GSTIN has a length of 15 letters. Based on the applicant’s PAN and Province, a GSTIN is assigned. The State Code is represented by the first two numbers of a GST registration number. The applicant’s PAN is represented by the next 10 numbers.

Who is Eligible for Online GST Registration in India?

The person who is registered under Pre-GST law such as Excise, VAT, Service Tax Businesses that hold turnover exceeding more than Rs. 40 Lakh and Rs. 20 Lakh for the North Eastern States, Himachal Pradesh, Jammu and Kashmir, and Uttarakhand. Non-Resident Taxable person and Taxable person Input Service Distributor and Agents of Supplier Individuals who are paying taxes as per the Reverse Charge Mechanism. Individuals who supply via e-commerce aggregator Individual supplying online database and information access from a location which is outside India to an individual in India.

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Documents Required for Online GST Registration

The documents needed for GST Registration in India differ depending on the type of business. Below is the list of documents needed:

Address proof of the proprietor

Id Proof that includes PAN Card or Aadhar Card
Address proof of the proprietor

LLP Or Limited Liability Partnership

1. PAN Card
2. LLP Agreement
3. Name and Address Proof of the partner

For Private Limited Company

Certificate of company Incorporation
Pan Card
Article of Association (AOA)
Memorandum of Association (MOA)
Identity and Address proof of the Director of the company
Digital Signature Certificate

For Address Proof Of Directorship

Passport of the applicant
Voter ID Card and Aadhar Card
Telephone or electricity Bill
Ration Card and the Driving license
Latest Bank Account Statement

Penalty for not Registering under GST

The penalty is imposed if any business entity is not filed.
Due To Genuine Errors Any business person who does not register under GST will be levied to pay a penalty of a minimum amount of Rs. 10,000 or 10% of the tax amount whichever is higher.
If Happened Intentionally If the offender is deliberately avoiding making up the tax, the penalty will be implemented on the person and it is about 100% of the tax amount.

What Are the GST Tax Rates?

In India, a value-added tax known as the Goods And Services Tax (GST) is imposed on the supply of products and services. The following are India’s GST Tax Rates:

0% – This rate is valid for basic supplies like food grains, fresh veggies, and medical equipment.

5% – Food that has been processed or packaged, as well as some domestic goods, are subject to a 5% tax.

12% – This rate is applied to products like television sets, laptops, and cell phones.

18% – Items like air conditioners, freezers, and washing machines are subject to this rate of 18%.

28% – This rate is applied to products like upscale automobiles, tobacco, and aerated beverages.

Check out our GST calculator, which can be used to estimate the Goods and Service Tax based on various rates.

Benefits of GST Registration

Bank Loans: GST registration and GST return filing show company activity and track record. GST return data inform the bank and NBFC lending to companies. Thus, GST registration can formalize and credit your company.

Supplier Onboarding: Reputable firms often require GST registration Online for supplier onboarding. GST registration can increase the company.

ECommerce: GST registration is required to sell online on Amazon, Flipkart, Snapdeal, Zomato, Swiggy, etc.

Input Tax Credit: GST-registered businesses can receive GST from customers and offset it against GST paid on purchases. Thus, GST registration reduces fees and boosts margins.

Why Brightfin for GST registration online?

1. Expert Assistance: Kanakkupillai has a team of experts who can provide guidance and support throughout the GST registration process.

2. Convenience: By using their online platform, businesses can complete the entire GST registration process from the comfort of their own office or home.

3. Time-Saving:: Kanakkupillai’s online registration process is quick and efficient, helping businesses save time and avoid the complexities of the traditional registration process.

4. Affordable: Kanakkupillai offers competitive pricing for its services, making it an affordable option for businesses of all sizes.

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