GST Registration

HOW TO REGISTER GST ONLINE

Online GST Registration In Jammu & Kashmir “Make a smooth transition to the all-in-one GST tax by April 2019.”

GST Registration

Our Offerings:
We help you get a Secure GST Identification Number.
We make it easy for you to get your GST from the comfort of your own home. We do the entire process online.
We will file your returns and complete all other compliances as and when required.

Talk to our representatives to clear all your doubts regarding GST Registration. Simply fill in the form and we’ll get in touch.

GST Registration Online – An Overview

Launched on April 1, 2017, the Goods & Services Tax (GST) is an indirect tax that is mandatory to all Indian service providers including freelancers, traders and manufacturers, whose supply turnover crosses Rs. 20 lakh.
Make a smooth transition to the all-in-one GST tax by April 2019.

Types of GST in India – CGST & SGST
GST will have a central component (Central Goods and Services Tax or CGST) and a state component (State Goods and Services Tax or SGST). Therefore, centre and state will levy GST on all entities. Inter-state transactions will attract the Integrated Goods and Services Tax (IGST), to be levied by the centre.

What is GST Registration Number or GSTIN?
Goods and Services Tax Identification Number or GSTIN is a unique number that is assigned to every business once registered successfully under GST. To verify a GSTIN number, a person who has a GST number can log onto the GST portal.
In GST, each taxpayer is assigned a state-wise PAN like a 15-digit number. The first two digits of the GSTIN is the state code, for example, Delhi has the code 07. This means that every GST taxpayer from Delhi will have a GSTIN number that begins with the number 07. The following 10 digits is the PAN card number of the taxpayer. The 13th number is assigned based on the number of registrations within a state while the 14th is Z by default. The last digit is used for check code, and so it is always an alphabet.

Benefits of Filing GST

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Considered as one of the biggest tax reforms in the country, filing for GST has its own benefits:
No cascading effect of tax: Earlier before GST came into force, there were many effective indirect taxes imposed. Now GST is a single comprehensive indirect tax that has eliminated the “tax on tax” effect.
Composition scheme: Small-time businesses can get away with hard GST formalities. Taxpayers with turnover of less than Rs 10 crores can opt for this scheme (for Northeastern states and Himachal Pradesh the limit is Rs 75 lakhs).
Less compliance burden: With extremely high tax rates, procedures and laws, service tax, VAT, etc. compliance was “complicated” and a costly affair too. But now the GST portal has brought uniformity across common definitions and formats. GST has merged the number of returns and the time spent on tax compliances.

A. FOR NORMAL REGISTERED BUSINESSES
1. Take input tax credit
2. Easy to make sales in other states without restrictions

B. FOR COMPOSITION DEALERS:
1. Limited compliance
2. Less tax liability
3. High working capital

What is GST Registration – A detailed process

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In its current form, the procedure for registering GST is as follows.

Step 1: Submission of documents: The applicant has to submit his email address, his PAN card details and, mobile number in Part A of the Form which is labelled GST REG–01 on the GSTN portal or through a Facilitation centre (to be notified by the commissioner or the board).
Step 2: Verification: The submitted details like PAN, mobile number and e-mail address are verified with One Time Passwords (OTPs). After the verification process, the reference number of the application is sent to the registered phone number and email address. The applicant is expected to acknowledge the same through the GST REG-02 form on the portal.
Step 3: Filling of mandatory forms: Next step is to fill up Part- B of the GST REG-01 form and mention the application reference number which has been received. This is to be submitted the after attaching all the necessary documents.
Step 4: Filing of additional forms, if needed: In case any information is missing or any other extra information is needed then the GST REG-03 will be sent. One has to reply to this through the GST REG-04 form with all the additional information within seven working days of receiving the GST REG-03.
Step 5: GST registration certificate: After all the required data are fed in above-mentioned forms, the GST REG-06 will be sent. This contains the registration certificate made for the principal place of business and other additional places of business will be sent. If a business has several different verticals within a single state, then separate applications under GST REG-01 have to be filed for each vertical.

In case the details submitted are found to be unsatisfactory, the GST registration application is denied or rejected through GST REG-05. To collect TCS or deduct TDS, an application through GST REG – 07 for the same has to be filed. If the tax is no longer being deducted or collected at source, then that registration may be cancelled.

PROCEDURE FOR REGISTERING GST

Step 1: Submission of documents: Applicant has to submit details like email address, PAN card info and contact number on the GSTN portal
Step 2: Verification: All the submitted details are verified with OTPs.
Step 3: Filling of mandatory forms: Forms like GST REG-01 are filed and the supporting documents are attached.
Step 4: Filing of additional forms: If any other mandatory information is required, filing of GST REG-03 should be done.
Step 5: GST registration certificate: After all the required data are fed in the forms, the registration certificate made for the principal place of business will be sent.

Who is eligible for GST Registration?

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Every business or corporation that is involved in the buying and selling and good of services comes under GST. It is mandatory for all whose aggregate turnover exceeds Rs. 20 lakhs annually to register for a GST. For the North East states, J&K, Himachal Pradesh and Uttarakhand the threshold limit is Rs.10 lakhs.
Some businesses are compulsorily required to register for GST and if such organizations operate without registering for GST, it will be an offence and due penalties apply.
All persons who make interstate outward supplies of goods have to register for a GST too. The same applies to people making taxable supplies on behalf of other taxable persons, example agents and brokers.
The following taxable groups are eligible for GST registration:

Persons who are required to pay tax under Reverse Charge.
Persons who are required to deduct tax at source.
Non-resident taxable person (No fixed place in India).
Casual taxable person (No fixed place where GST is applicable).
All e-commerce operators (e.g. Flipkart, Amazon).
All agents of a supplier.
Persons who supply goods or services through e-commerce operator.
Input Service Distributor.
An aggregator who supplies services under his brand name.
Any Specialized Agency of the UN or any Multilateral Financial Institution.
Persons making any Inter-State taxable supply (e.g. from Delhi to Maharashtra).
All taxable individuals registered under Excise, VAT, Service tax, etc.
The place of supply is important for determining the taxability. All individuals, from outside India, supplying access and retrieval services for online information and database to persons in India, other than a registered taxable person.

GST threshold

Companies with a supply turnover of over Rs. 20 lakh must register for GST. The keyword here is “supply”, which takes into consideration any turnover, including stock-taking, discounts and freebies. In fact, even those supplying non-taxable goods must register for GST. A business making sales to other states must register for GST, regardless of turnover.

GST rates in India

The GST council has decided on a four-tier structure. The GST rate will depend on the type of goods and services. Currently, the slab rates are 5%, 12%, 18% and 28%, respectively. The rate for gold is yet to be decided and will likely to be the lowest of all. For example, the GST charged for eating at a restaurant is 5%, while the GST on services is capped at 18%. The law also states that for certain businesses, a GST registration is mandatory. Failing to comply with registering for a GST can attract huge penalties and fines under the GST.
Mandatory documents for Online GST registration

The list of documents required for registration of GST for various business are as follows:

PROPRIETORSHIP
PAN Card and address proof of proprietor
LLP
PAN Card of LLP
LLP Agreement
Partners’ names and address proof

PRIVATE LIMITED COMPANY
Certificate of Incorporation
PAN Card of Company
Articles of Association, AOA
Memorandum of Association, MOA
Resolution signed by board members
Identity and address proof of directors
Digital Signature

The following can be shown as proof of address of a director:-
Passport
Voter Identity Card
Aadhar Card
Ration Card
Telephone or Electricity Bill
Driving License
Bank Account Statement
Add what works as identity proof, One can use a PAN Card, Aadhar Card as identity proof. For address proof, any of the director’s can show their voters ID, passport, telephone bill, electricity bill and telephone bill.

Preparation of GST application

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One of our GST representatives will collect all the required documents and process the GST application through the iCFO platform.

APPLICATION FILING
Once all the documents are collected, the application will be processed and filed. Then immediately the ARN number will be issued.

GST REGISTRATION CERTIFICATE
The GST registration certificate and GSTIN will be issued upon verification of GST application and other mandatory documents by the GST officer. Be aware that no hard copies of the certificate will be issued and the GST registration certificate can be downloaded from the GST Portal.

PENALTIES FOR FAILURE TO GST REGISTRATION
As per the Section 122 of the CGST act, in India, there is a direct penalty for all those taxable persons who fail to register for GST.

VOLUNTARY REGISTRATION UNDER GST (FOR COMPANIES WITH A TURNOVER BELOW RS. 20 LAKHS)
Any small business with turnover less than 20 lakh can voluntarily register for GST even though it is not compulsory by law. Voluntary GST registration has its own advantages and some of them are:

1. Take input credit: In GST, there is a flow of input credit right from manufacturers of the goods till the consumers, across the country. Input credit means a taxpayer while paying tax on output can deduct the tax that has already been paid on inputs and pay only the remaining amount. Voluntarily registered businesses can increase their margins and profits through this.
2. Do inter-state selling with no restrictions: SMEs can increase the scope of their businesses and find prospective customers and explore online platforms

Why Startupclues?

15 WORKING DAYS

Just tell us a few details about your business and submit the documents and we’ll begin the process. Within 20 working days, you’ll be ready to operate as a private limited company – without leaving home

CUSTOMER SCORE

We make your interaction with government as smooth as is possible by doing all the paperwork for you. We will also give you absolute clarity on the process to set realistic expectations

PROFESSIONALS STRONG TEAM

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