GST REGISTRATION CENTRE

What is GST?

GST stands for Goods and Services Tax, GST is an Indirect Tax where the registered person collects the taxes on behalf of buyer of goods or receipent of services and remits the taxes to the government. The Goods and Services Tax Act came into effect on 1st July 2017. GST is levied on the supply of Goods and Services.

What is a GST Registration?

GST Registration is a process where the supplier of goods or provider of services makes an application with tax authorites and obtain a unique 15-digit Goods and Services Tax Identification Number (GSTIN) from the GST authorities so that all the operations of and the data relating to the business can be collected and correlated. In any tax system, this is the most fundamental requirement for the identification of the business for tax purposes or for having any compliance verification program.

Benifits of GST Registration

Registration under Goods and Services Tax (GST) regime will confer the following advantages to a business:

• Legally recognised as a supplier of goods or services.
• Proper accounting of taxes paid on the input goods or services which can be utilised for payment of GST due on supply of goods and/or services by the business.
• Pass on the credit of the taxes paid on the goods and/or services supplied to purchasers or recipients.
• Authorization to a taxpayer to collect tax on behalf of the Government.

Do I need to register under the GST Act?

Registration under the GST Act is mandatory if your aggregate annual PAN-based turnover exceeds INR 40,00,000 (Rupees Forty Lakhs) for the supply of Goods and INR 20,00,000 (Rupees Twenty Lakhs) for the supply of Services, however, the threshold for registration is INR 10,00,000 (Rupees Ten Lakhs) if you have a place of business in Arunachal Pradesh, Assam, Himachal Pradesh, Jammu & Kashmir, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura, or Uttarakhand.

Regardless of your turnover, registration is mandatory if

• You make Inter-State Supplies
• You supply goods through an E-commerce portal like Amazon, Flipkart
• You are a/an
  • Agent for Registered Principal
  • Liable to Pay Reverse Charge
  • Non-resident Taxable Person
  • Casual Taxable Person
  • Input Service Distributor
  • TDS/TCS Deductor
  • E-commerce Operator
  • An online data access and retrieval service provider

What are the prerequisites for GST registration?

To apply for new registration, you must have

• PAN card/details of your business
• Valid and accessible e-mail ID and Mobile Number
• Documentary proof of constitution of your business
• Documentary proof of promoters/partners
• Documentary proof of principal place of business
• Details of additional places of business, if applicable
• Details of Authorised Signatories including photographs and proof of appointment
• Details of Primary Authorised Signatory
• Business bank account details along with bank statement or first page of bank passbook
• Valid Class II or Class III DSC of authorised signatory in case of companies and LLPs;
• valid Class II or Class III DSC or Aadhaar (for E-Sign option) in case of other entities.

  Note: Your mobile number should be updated with the Aadhaar authorities otherwise you cannot use E-Sign option because OTP will be sent to the number in the Aadhaar database.

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