GST Registration Fee starts from 1,500/- Only
- GST Registration Certificate
- GST Basic Advisory
Getting Registered in GST is a very simple process. The application for registration needed to be made online at www.gst.gov and it is generally approved in 3-7 working days.
So, let’s began with who is required to take GST Registration :-
It is going to eliminate the cascading effect of tax (tax on tax effect) that was evident earlier.
Earlier to GST Regime, inter state sales is really complicated as there was variable VAT Laws but GST is applicable to whole over India, so its easy to make inter state sales.
After taking registeration a supplier may registered with any e-commerce website like; Flipkart, Amazon etc.
This gives some extra tax relief to suppliers under these scheme and lesser legal compliances.
GST Registration is an online procedure & it’s very easy to understand
As assesee claim ITC at here so it compliance the less tax liability in comparison to earlier.
In case of Partnership Firm or company, Aadhar card of partners/ Directors
KYC here means: PAN, Aadhar, photograph
In case of Partnership Firm or company, Phone no. & E-Mail ID of partners/ Directors
DSC required of all the Authorized Signatory
In case of Proprietorship firm, cancelled cheque of Proprietor
Electricity Bill or Any other document. In case of rented property, rent Agreement is required
Please provide all your documents mentioned in the list above
Upload all the documents on the site of Govt.
Submit the Application
After 3 – 7 working days GST No. is alloted
Yes, a business may apply for multiple GST Registration If it operates in more than one state or A business with multiple business verticals in a state.
A supplier not paying tax or making short payments (genuine errors) has to pay a penalty of 10% of the tax amount due subject to a minimum of Rs.10,000.
This penalty may imposed to 100% if supplier has deliberately evaded paying tax.
Small businesses having an annual turnover less than Rs. 1.5 crore( Rs. 75 Lakhs for North-Eastern States) can opt for Composition scheme.
Under composition scheme suppliers are required to file return on quarterly basis and also he/ she can’t claim ITC
Any supplier who have turnover less than Rs. 1.5 crore are eligilble to adopt composition scheme except :-
Turnover of all businesses registered with the same PAN should be taken into consideration to calculate turnover.