Home / GST Registration For New Assessee

Updated on 25 Oct 2021    9.00 AM IST | 4 min read

GST Registration for Assessee (Individuals or Businesses)

GST registration for new assessee means individuals or businesses apply for GST registration first time after the introduction of GST rule on July 1, 2017. Individuals & businesses having turnover of more than Rs.40 Lakhs has to mandatorily apply for GST registration. If any company or organization runs a business without doing GST registration, it will be considered as an offense under GST and may incur heavy penalties.

New GST Limit for Sale of Goods

Category Turnover Applicability
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.

Category Turnover Applicability
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 Chhattisgarh, Jharkhand, Delhi, Bihar, Maharashtra, Andhra Pradesh, Gujarat, Haryana, Goa, Punjab, Uttar Pradesh, J&K, Assam, Himachal Pradesh, Karnataka, Madhya Pradesh, Odisha, Rajasthan, Tamil Nadu, West Bengal
Normal Category States who choose status quo Kerala and Telangana
Special Category States who opted for new limit of Rs.20 lakh Puducherry, Meghalaya, Mizoram, Tripura, Manipur, Sikkim, Nagaland, Arunachal Pradesh, Uttarakhand

Who should register for GST?

The main objective of hallmarking scheme is –

  • Individuals registered under pre-GST law (service tax, VAT, excise)
  • Business having turnover of more than Rs.40 Lakhs
  • Non-resident taxable person
  • Supplier agents & input service distributor
  • Person who supplies via e-commerce aggregator
  • Persons who are paying tax under reverse charge mechanism
  • Every e-commerce aggregator
  • Persons involved in supplying online information and database access or retrieval services to a person in India from a place outside India.

What Is Included In Our Package?

Eligibility Consultation

Document Preparation

Application Drafting

Government Fees

Documents Required for GST registration

The documents needed for GST registration are as follows –

ID proof & address proof of directors/promoters with photograph

Aadhar card of the applicant

PAN card of the applicant

Business registration or incorporation certificate

Proof of Registered business place

Bank account statement or a cancelled chequesignatory.

Digital signature of authorized person

Authorization letter/board resolution for authorized signatory.

Penalty for not registering under GST

Non-payment or short payment of GST will lead to penalty which will be 10% of the tax amount due (subject to minimum of Rs.10000).

In case, it is found that person is intentionally ignoring the tax, the penalty will be 100% of the tax amount due.

Benefits of GST Registration for New Assessee

More than 10 years of experience

Qualified professionals

Excellent customer service

Cost efficient

Customer delight

Time saving

Quick turnaround time

Continuous support over e-mail and phone (24X7).

How FinacBooks Help in GST Registration for New Assessee?

Finacbooks is one of the leading searching platforms with more than 10 years of experience of handling accounting & taxation matters. If you are a registered taxpayer and want to apply for GST registration as per the new tax rules, we are here to help you. We will assist you in getting GST registration number and will provide you the best advice you will ever get anywhere. Kindly call us at 8800221252 or you can also e-mail us at info@finacbooks.com


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Due Dates

  • Due date for deposit of tax deducted/collected for the month of September, 2021. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan

    Oct 07th ,2021
  • Due date for deposit of TDS for the period July 2021 to September 2021 when Assessing Officer has permitted quarterly deposit of TDS under section 192, 194A, 194D or 194H

    Oct 07th ,2021
  • GSTR-7 Summary of Tax Deducted at Source (TDS) and deposited under GST laws

    Oct 10th ,2021
  • GSTR-8 Summary of Tax Collected at Source (TCS) by e-commerce operators under GST laws

    Oct 10th ,2021
  • GSTR 1 for Sep 2021 (turnover more than INR. 1.50 Crore)

    Oct 11th ,2021
  • GSTR-6 Details of Input Tax Credit (ITC) received and distributed by an Input Service Distributor (ISD)

    Oct 13th ,2021