GST Registration

GST Registration is a compulsory tax registration for businesses engaged in buying and selling with an annual turnover exceeding 20 lakh rupees or providing services in India.

The FSSAI license, also known as the Food License, is a mandatory permit required to launch a restaurant and is procured through FSSAI Registration (Food Safety and Standards Authority of India).

Introduced by the Indian government on July 1, 2017, Goods and Services Tax (GST) aimed to consolidate various State and Central-level taxes into a unified tax structure, including Service Tax, Luxury tax, VAT, entertainment tax, etc. This move was a significant step toward simplifying tax procedures, making GST return filing entirely online. Mandatory for individuals with an annual turnover exceeding Rs. 20 lakhs, entities in special category states with an annual turnover of Rs. 10 lakhs are also obligated to register for GST. Additionally, entities involved in e-commerce sales, regardless of turnover, and those making interstate sales must register for GST. GST facilitates the entire supply chain by allowing input tax credit for taxes paid on purchases and enables entities to collect GST from customers. Entities are required to apply for GST within 30 days of becoming liable for registration, and casual taxable persons and foreigners must register under GST before commencing business.

Advantages of GST Registration

• Collection of Taxes: - GST registration enables the collection of taxes from customers while passing on the tax credit to customers on purchases.
• Input Tax Credit (ITC): - Customers can claim ITC for taxes paid on purchases, utilizing the credit toward the payment of due taxes.
• Seamless Flow: - At the national level, GST ensures the seamless flow of ITC from suppliers to recipients.

Documents Required For GST Registration

For Proprietorship:

• Copy of PAN card (mandatory).
• Proprietor identity proof: Passport, Aadhar card, Voter ID, Driving license.
• Proprietor address proof: Copy of Telephone/Mobile or Electricity bill, Bank Account Statement (Less than 2 months old).
• Proprietorship Address Proof: Telephone/Mobile/Electricity/Gas bill (Less than 2 months old), Notarized copy of Rent Agreement with a No Objection Certificate (NOC) for rented premises, or registered title document for self-owned premises.

For LLP (Limited Liability Partnership):

• Copy of LLP PAN card, LLP Agreement, LLP Partners’ names.
• LLP Partners’ address proof: Passport, Aadhar card, Voter ID, Driving license.

For Private Limited Company (PLC):

• Copy of Company PAN card, Certificate of Incorporation (COI), MoA/AoA, Board resolution.
• Company Director of Identity Proof: Copy of PAN card, Passport, Aadhar card, Voter ID, Driving license.
• Address Proof: Copy of Telephone/Mobile or Electricity bill, Bank Account Statement (Less than 2 months old).
• Company Address Proof: Telephone/Mobile/Electricity/Gas bill (Less than 2 months old), Notarized copy of Rent Agreement with a No-Objection Certificate (NOC) for rented premises, or registered title document for self-owned premises.

GST Registration Process

ETaxwala ensures a seamless GST registration process from the comfort of your home, providing services tailored to your technical and individual needs.

Get a free consultation for GST Registration with Our Top Rated Experts with simple Registration.

Step 1: Documents & Information - ETaxwala receives the necessary information and documents required for GST registration.

Step 2: GST Application Drafting - ETaxwala expertly prepares your GST application, ensuring accuracy and completeness.

Step 3: GST Application Filing - ETaxwala files your GST application on your behalf and provides you with the ARN (Application Reference Number).

Step 4: GST Certificate - ETaxwala facilitates the receipt of your GSTIN (GST Identification Number) and GST certificate, promptly providing you with the necessary documentation.

Step 5: Congratulations! Your work is done - With ETaxwala's assistance, the GST registration process is successfully completed, and you can proceed with your business operations hassle-free.

FAQs:

Q. Is GST applicable on promotional items or free samples?


Ans: Yes, both stocking and the supply of promotional items or free samples are subject to GST.

Q. Are separate GST registrations required for multiple branches within the same state?


Ans: Separate GST can be obtained when an entity has separate business verticals within the same state. However, in a single state, only a single GST registration is allowed per PAN. Multiple branches can be shown as additional places of business.

Q. Is it possible for a GST certificate to be cancelled?


Ans: Yes, under the following scenarios: voluntary cancellation by a person or when a taxable person defaults, leading to the cancellation of their GST certificate by the appropriate officer.

Q. How is the classification of goods and services done under GST?


Ans: Goods under GST are classified based on their HSN (Harmonised System of Nomenclature) code, while services are classified based on their SAC (Services Accounting Code).

Q. Is PAN mandatory for applying for GST?


Ans: Yes, PAN is mandatory for the GST registration application.

Q. What is GSTIN?


Ans: GSTIN, or GST Identification Number, is a 15-digit PAN-based and state-wise number used to uniquely identify businesses registered under GST.

Q. Which entities are exempt from GST?


Ans: Entities that supply agricultural produce, generate nil-rated or non-taxable supplies of services and goods, or are covered under the reverse charge mechanism are exempt from GST.

Q. Is there a time limit for taking registration under GST?


Ans: Yes, entities must apply for GST within 30 days from the date they become liable to register under GST. Casual taxable persons and foreigners are required to be registered under GST before starting their business.