GST Registration

About GST

The long-awaited goods and services tax is a reality now, which subsumes most of the indirect taxes in it. While tax base will increase the complication of compliance is set to reduce. Now the tax is not on manufacturing, sale or provision of service but is on supply. The system of GST is such where the credit of the GST paid on Inward Supply can be set off towards the GST on outward supply where the chain of tax credit needs to remain intact. Under the new tax regime, all persons involved in the supply of goods or services are required to obtain registration of GST. Those who are not registered under GST shall not be allowed to collect GST from customers or claim input tax credit (ITC) on inward supply. GST Council has prescribed 20 Lakhs of turnover to be the threshold limit for registration under GST. However, for northeastern states, it is 10 Lakhs. The registration must be applied within 30 days of reaching the threshold limit. For GST, the term Aggregate Turnover means all supplies made by the taxable person whether on his own or behalf of a principal. However, in case of registered job worker, the turnover of supplies under job work won’t be included in his turnover.

Importance Of GST

Goods and Services Tax (GST) is an indirect tax that will be levied on manufacture, sale and consumption of goods and services. The importance of the GST is that when applicable it will abolish all indirect taxes. Hence the entire system of taxation will be simpler.The present structure of Indirect Taxes is very complex in India and tax rates differ from State to State. We have to pay ‘Entertainment Tax’ for watching a movie. We have to pay Value Added Tax (VAT) on purchasing goods and services. And there are Excise duties, Import Duties, Luxury Tax, Central Sales Tax, Service Tax. GST will bring uniformity and reduce the cascading effect of these taxes by giving input tax credit.

GST REGISTRATION ONLINE

Who needs to register :
  • Can be obtained valuntarily by anyone
  • On reaching 20 Lac turnover within state
  • Mandatory in case of Inter-State Supply.
  • When entering into foreign trade (Import/Export)
  • If liable to GST under Reverse Charge method
  • Supply of Goods or Service through E-com Operator

WHO IS REQUIRED TO OBTAIN GST REGISTRATION

TURNOVER EXCEEDS 20/10 LAKH

In case the aggregate supply of goods or services of a person is more than Rs. 20 lakhs (10 lac in the north-eastern state) under one PAN. The said person need to apply for GST registration immediately and start collecting GST on all outward supplies.

REGISTERED UNDER OLD LAW

A person was registered under any previous law of indirect tax like service tax, sales tax, excise etc., which got submerged into GST is required to migrate to the new GST regime and obtain the registration with effect from the appointed date,

CASE OF TRANSFER OF BUSINESS

In case of transfer of a business or due to the inheritance if a new person now owns the business then such new person is required to seek registered under GST with effect from the date of such transfer. and shall receive the credit for input of the old business

MERGER OR DEMERGER

In case a new entity is created out of amalgamation, merger whether by order of the high court or NCLT or due to the demerger of an existing business, the newly incorporated entity is required to obtain GST Registration with effect from such the date of merger or demerger

COMPULSORY REGISTRATION

GST registration is compulsory irrespective of the turnover of the business, if the person is making interstate supply and is a casual taxable person, or those need to pay tax on RCM, Non-Resident taxable person, Input Service Distributor, etc..

NOT LIABLE TO REGISTRATION

The persons which in the business of supply of goods or services which is not liable to tax under GST or which is wholly exempt. The second category of persons is agriculturist, engaged in cultivation from the soil. GST council is also empowered to notifies persons

PRICING

Basic Pack
REGISTRATION UNDER
GOODS AND SERVICES ACT (GST)
Rs. 2000
Silver Pack
BASIC PACK PLUS
GST PAYMENT/GSTR-3B FOR 3 MONTHS
Rs. 3,500
Gold Pack
SILVER PACK PLUS
FILING GST RETURN FOR 3 MONTHS.
Rs. 6,000