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Updated on 4 Apr 2020 9.00 AM IST | 4 min read
GST Registration Online in India
GST stands for “Goods & Services Tax”. It is a tax levied on sales and purchase of goods & services. It is a tax levied on almost all the businesses in India. It is a single tax comprising of sales tax, service tax, excise duty etc.
Any individual or business whose turnover exceeds Rs.40 lakh has to mandatorily apply for GST registration. It is very important to obtain registration under GST unless it will be considered as an offence under GST & you may have to incur heavy fines & penalties. Any individual or company needs to pay GST if –
- Your annual sales turnover exceeds Rs.40 Lakhs
- You are making sales outside the state.
It is recommended for you to go for GST registration even if your sales are less than Rs.40 Lakh otherwise -
- You will not be able sell outside your state
- You will not be able to claim the input tax credit of GST paid on purchase of goods & services.
GST registration mainly takes 2 to 6 working days to complete the entire registration process.
New GST Limit for Sale of Goods
Kindly find the below new GST limits w.e.f 1st April 2019 for sales of goods –
|For Normal Category States||Exceeds Rs.40 lakh||From 1st April 2019|
|For Special Category States||Exceeds Rs.20 lakh||From 1st April 2019|
GST Limit for Service Providers
There has been no change in threshold limits for Service Providers. Kindly find below the GST limits for service providers –
|For Normal Category States||Exceeds Rs.20 lakh||-|
|For Special Category States||Exceeds Rs.10 lakh||-|
States who opted for the New GST Limit
|Normal Category States who opted for a new limit of Rs.40 lakh||Andhra Pradesh, Assam, Bihar, Chhattisgarh, Delhi, Goa, Gujarat, Haryana, Himachal Pradesh, J&K, Jharkhand, Karnataka, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Tamil Nadu, Uttar Pradesh, West Bengal|
|Normal Category States who choose status quo||Kerala and Telangana|
|Special Category States who opted for new limit of Rs.20 lakh||Arunachal Pradesh, Meghalaya, Mizoram, Manipur, Nagaland, Puducherry, Sikkim, Tripura, Uttarakhand|
In which Circumstances GST Registration is Mandatory?
Why i need GST Registration?
GST registration not only helps you in getting your business recognized as legally registered but also opens number of opportunities for your business. Some of the benefits of GST registration are as follows -
What Is Included In Our Package?
Who requires GST Registration?
The GST registration is PAN based and it is specific to the state. The supplier has to register himself in every state or union Territory from where he or she is supplying goods. Registration for GST is must, if he or she fulfills any of the following conditions:
Advantages of GST Registration
He is authorized to collect taxes from his customers and pass on the credit of the same to the tax department.
He can claim input tax credit of taxes paid to his suppliers and can use the same for paying the due taxes.
At the national level, there is a consistent flow of input tax credit from suppliers to recipients.
Process of GST Registration
The first step is to visit the official portal of GST and search for “Registration” tab.
In the second step, you need to input Mobile number, PAN Number, E-mail ID, and State in Part A of form GST REG-01 of GST registration.
After the OTP verification, you will get a TRN (Temporary Reference Number) on your mobile and e-mail.
In the next step, you need to fill Part B of form GST REG-01 signed by DSC or EVC. After that, you have to upload the necessary documents as per the business type.
In the next step, an acknowledgement number will be generated in form GST REG-02.
In case of any detail requested from you and intimated to you in form GST REG-03. You may need to go to the concerned department to clarify it or show the documents within one week in form GST REG-04.
Your application may be rejected by the office if it contains any kind of errors. You will be informed about this in form GST REG-05.
After the verification and approval, registration certificate will be issued to you by the department in form GST Reg-06.
Documents required for GST Registration
The following documents are required for GST Registration:
Aadhar card of partners/directors/owners.
PAN card of partners/directors/owners
MOA/AOA or partnership deed.
Telephone/Electricity Bill, rent agreement or letter of consent (NOC)
Bank statement/Cancelled cheque
Letter of authorization for signatory
GSTIN Number Format
GSTIN is a 15 digit unique identification number assigned to every individual or business who is registered under GST. Every number has its significance and are stated below -
How FinacBooks help in GST Registration?
Finacbooks is a leading Indian portal providing accounting, finance & taxation services to small businesses. We are having more than 10 years of experience in helping individuals, companies and Partnership firms to obtain GST registration at a least possible price. We will guide you through the entire process of GST registration to get GSTIN Number. To avail the best deals on GST registration, kindly call us at 8800221252 or you can also e-mail us at email@example.com
GST Registration FAQ’S
Cancellation of GST Registration certificate is possible and it can be cancelled in two situations –
The taxable person has to apply on the official GST portal within 30 days. He has to declare some important information in the application such as stock held on a particular date, amount of dues, credit reversal and information about payment made towards discharge of liabilities. If the concerned officer is satisfied with the application, the officer will cancel the same within 30 days.
A taxable person can make amendments in particular information such as e-mail id, phone number etc. on his own on the official portal. In case of changes in the legal name of the business or change in the state name or addition of a new business place, he has to apply to the concerned GST department for changes within 15 days.
It is the total value of taxable supplies and inter-state supplies (It does not include inward supplies on which tax is payable on basis of reverse charge) and exempt supplies.