GST Registration

• GST Registration Online
• Complete Online Document Submission & Application Tracking
• Filing of Application for GST Registration
• Secure GST number
• Dedicated manager to process your GST registration end to finish
• Completely Online – No got to visit the office
• CA Assisted GST Filing for all of your GST needs

What is GST Registration

• In the GST Process, businesses whose turnover more than Rs. 40 lacs* (Rs 10 lacs for NE and hill states) is required to register as a traditional taxable person. This process of registration is named GST registration.
• For certain businesses, registration under GST is mandatory. If the organization carries on business without registering under GST, it’ll be an offense under GST and heavy penalties will apply.
• GST registration usually takes between 2-6 working days. We’ll assist you to register for GST in 3 easy steps.
• *CBIC has notified the rise in threshold turnover from Rs 20 lakhs to Rs 40 lakhs. The notification will inherit effect from 1st April 2019.
• Individuals registered under the Pre-GST law (i.e., Excise, VAT, Service Tax, etc.)
• Businesses with turnover above the edge limit of Rs. 40 Lakhs* (Rs. 10 Lakhs for North-Eastern States, J&K, Himachal Pradesh, and Uttarakhand)
• Casual taxable person / Non-Resident taxable person
• Agents of a supplier & Input service distributor
• Those paying tax under the reverse charge mechanism
• A person who supplies via e-commerce aggregator
• Every e-commerce aggregator
• A person supplying online information and database access or retrieval services from an area outside India to an individual in India, aside from a registered taxable person
• *CBIC has notified the rise in threshold turnover from Rs 20 lakhs to Rs 40 lakhs. The notification will inherit effect from 1st April 2019.

What is GST Registration Process?

The Goods And Services Tax (GST) Registration services at ClearTax helps you to urge your business GST registered and acquire your GSTIN.Serve2Business GST experts will guide you on the applicability and compliances under GST for your business and obtain your business registered under GST.

Documents Required for GST Registration

• PAN of the Applicant
• Aadhaar card
• Proof of business registration or Incorporation certificate
• Identity and Address proof of Promoters/Director with Photographs
• Address proof of the place of business
• Bank Account statement/Cancelled cheque
• Digital Signature
• Letter of Authorization/Board Resolution for Authorized Signatory

GST Registration Fees

GST Registration may be a tedious 11 step process that involves the submission of the many business details and scanned documents. you’ll choose ClearTax Goods And Services Tax (GST) Registration services where a GST Expert will assist you, end to finish with GST Registration.

Penalty for not registering under GST

• An offender not paying tax or making short payments (genuine errors) has got to pay a penalty of 10% of the tax amount due subject to a minimum of Rs.10,000.
• The penalty will at 100% of the tax amount due when the offender has deliberately evaded paying taxes

GST Registration FAQs

What is GSTIN?

• All businesses that successfully register under GST are assigned a singular Goods and Services Tax number also referred to as GSTIN.

When should a business apply for multiple GST registrations?

• If a business operates from quite one state, then a separate GST registration is required for every state. as an example, If a sweet vendor sells in Karnataka and Tamil Nadu, he has got to apply for separate GST registration in Karnataka and TN respectively.
• A business with multiple business verticals during a state may obtain a separate registration for every business vertical.

What is the Composition scheme and when should a business choose it?

• Small businesses having an annual turnover of but Rs. 1.5 crore** ( Rs. 75 Lakhs for the NE States) can choose a composition scheme.
• **CBIC has notified the rise within the threshold turnover for opting into the Composition Scheme from Rs 1 crore to Rs 1.5 crores. The notification is going to be effective from 1st April 2019.
• Composition dealers can pay nominal tax rates supported the sort of business:
• Composition dealers are required to file just one quarterly return (instead of three monthly returns filed by normal taxpayers).
• They cannot issue taxable invoices, i.e., collect tax from customers and are required to pay the tax out of their own pocket.
• Businesses that have opted for the Composition Scheme cannot claim any Input decrease.

Composition scheme isn’t applicable to :

• Service providers
• Inter-state sellers
• E-commerce sellers
• Supplier of non-taxable goods
• Manufacturer of Notified Goods

Who can Register for the Composition scheme under GST?

• This scheme may be a lucrative option for all SMEs who want lower compliance and lower rates of taxes under GST.
• A GST taxpayer whose turnover is below Rs 1.5 crore** can choose Composition Scheme. within the case of North-Eastern states and Himachal Pradesh, this limit is Rs 75 lakh.
• Turnover of all businesses registered with an equivalent PAN should be taken into consideration to calculate turnover.
• **CBIC has notified the rise within the threshold turnover for opting into the Composition Scheme from Rs 1 crore to Rs 1.5 crores. The notification is going to be effective from 1st April 2019. Learn the principles of the Composition scheme & Know the pros & cons of being a composition dealer.
• Obtain GST registration and file CMP-02 to opt-in for the scheme.

What are the advantages of registering under GST?

1.For normal registered businesses:

• Take input decrease
• Make interstate sales without restrictions

2.For Composition dealers:

• Limited compliance
• Fewer liabilities
• High capital

To know more about composition scheme

• For businesses that voluntarily opt-in for GST registration (Below Rs. 40 lakhs*)
• Take input decrease
• Make interstate sales without restrictions
• Register on e-commerce websites
• Have a competitive advantage compared to other businesses
• To know more about voluntary registrations
• *CBIC has notified the rise in threshold turnover from Rs 20 lakhs to Rs 40 lakhs. The notification will inherit effect from 1st April 2019.