GST Registration

At Rs.799* and stay ahead on GST Compliance!
(Takes 4-5 days)

Presenting Goods and Services Tax (GST) has been a huge tax reform in India. File your GST registration application online through Insidetax. Get help with the GST registration procedure, eligibility, and documents required. Entities with annual revenue of more than Rs.40 lakhs must obtain GST registration. Complete your GST registration online in less than 5 working days.

If your firm is not GST registered, heavy penalties can be interpolated.
GST Registration allows you to collect GST from your customers.

The followings are types of GST

Central GST – CGST
State GST – SGST
Integrated GST – IGST

What Is A Voluntary GST Registration?

A person who is not responsible, still files for GST Application, can get registered. However, then it becomes important for him to file Returns, after getting a GST number. Else, he must have to pay a fine and penalty as applicable.
You can choose to register for GST voluntarily too.
Especially if you are willing to claim Input Tax Credit. Even if you are not responsible to be registered, you can be registered voluntarily. After registration, you will also be required to comply with regulations as applicable to those needs to be registered.

Benefits of registering voluntarily under GST

Take Input Tax Credit,
Operate interstate without inhibition.
Have the option to register on e-commerce websites,
Have competitive benefits compared to other rival businesses,.
Fewer hassles and better obedience with government licensing authorities
Focus on Your Business Growth.

Who Must Get GST Registration

All businesses involved in purchasing or selling products and providing services or both must register for GST. But for under-listed persons, GST Registration is mandatory.

Previous Law Converted Taxpayer

All firms registered under the Pre-GST tax laws like Service Tax or Excise or VAT, etc.

Turnover for Goods Provider

If your sales or turnover of goods is more than Rs. 40 lakh in a year then GST Registration is compulsory. For the Special Category States, the limit is Rs. 20 lakh in a year.

Turnover for Service Provider

If you are a service provider & sales or turnover is more than Rs. 20 lakh in a year then GST Registration is compulsory. For the Special Category States, the limit is Rs. 10 lakh in a year.

E-Commerce Portals & Sellers

Every e-commerce portal (such as Amazon or Flipkart) under which various vendors are selling their products. Or for all vendors. You require a GST Registration.

Outside India Online Portal

For suppliers of online information and database access or retrieval services from a place outside India to Indian Residents.

Inter-State Operations

Persons creating an inter-state supply. Whatever the turnover.

Other Taxation

Persons who are need to deduct tax u/s 37 (TDS) of the Income Tax Act.

Inter-State Registration

If you are a supplier in more than one state you need GST Registration in all the states that you supply goods or services to.

The Special Category States under GST Act are:

(a) Arunachal Pradesh, (b) Assam, (c) Sikkim, (d) Meghalaya, (e) Tripura, (f) Mizoram, (g) Manipur, (h) Nagaland, and (i) Himachal Pradesh. These states can opt for tax payable at a concessional rate.

Casual Taxpayer

If you supply goods or services, in events/exhibitions, and not have a stable place of doing business. In such cases, GST is charged on the basis of an estimated turnover of 90 days. The vigor of the Registration is also 90 days.

Agents of Suppliers or Input Service Distributor (ISD)

All supplier agents and ISD, to earn profits of Input Tax Credit, require GST Registration.

NRI Taxable Person

If you are an NRI or handling the business of NRI in India.

Reverse Charge Mechanism (RCM)

Firms who need to pay taxes under the RCM also require to be registered under GST.

Transferee

When the business has been transferred.

Brands

Aggregator who supplies service under his Brand or Trade Name.

Voluntary GST Registration

Being any entity attain GST registration at any-time. Even when the above required conditions don’t apply to them.

Branches

If your business has multiple branches in multiple states, register one particular branch as the main office or head office and the remaining branches as additional. (Not applicable if the business has separate verticals as listed in Section 2 (18) of the CGST Act, 2017.)

What Is Included In Our GST Registration Package?

GST Certification with Arn and GSTIN Number.

GST HSN Codes with Rates

Documents Required For Sole Proprietorship / Individual

PAN card, Aadhaar card, and a photograph of the sole proprietor
Details of Bank account- Bank statement or a canceled cheque
Office address proof:
Own office – Copy of electricity bill /property tax receipt/ water bill/landline bill/ a copy of municipal khata
Rented office –Copy of electricity bill, Rent agreement, and NOC (No objection certificate) from the owner.

Documents Required For Partnership deed/LLP Agreement

PAN card, Aadhaar card, and a photograph of all Partners.
Details of Bank such as a copy of bank statement or canceled cheque
Proof of address of Principal place of business and additional place of business :
Own office – Copy of electricity bill /property tax receipt/ water bill/landline bill/ a copy of municipal khata
Rented office – Rent agreement and NOC (No objection certificate) from the owner.
In case of LLP- Registration Certificate of the LLP, Copy of board resolution
Appointment Proof of authorized signatory- letter of authorization

Documents Required For Private limited/Public limited/One person company

Certificate of Registration
Company’s PAN card
Aadhar card, PAN card, a photograph of all Directors
MOA (Memorandum of Association) /AOA (Articles of Association)
Proof of address of the principal place of business and additional place of business :
Details of Bank- bank statement or a canceled cheque
Own office – Copy of electricity bill /property tax receipt/ water bill/landline bill/ a copy of municipal khata
Rented office – Rent agreement and NOC (No objection certificate) from the owner.
Appointment Proof of authorized signatory- letter of authorization

Documents Required For HUF

Aadhar card of Karta
A copy of PAN card of HUF
Photograph
Proof of address of Principal place of business and additional place of business :
Own office – Copy of electricity bill /property tax receipt/ water bill/landline bill/ a copy of municipal khata
Rented office – Rent agreement and NOC (No objection certificate) from the owner.
Details of Bank- bank statement or a copy of a canceled cheque

For Society or Trust or Club

Certificate of Registration
Pan Card of society/Club/Trust
Proof of address of Principal place of business and additional place of business :
PAN Card and Photo of Promotor/ Partners
Own office – Copy of electricity bill /property tax receipt/ water bill/landline bill/ a copy of municipal khata
Rented office – Rent agreement and NOC (No objection certificate) from the owner.
Appointment Proof of authorized signatory- letter of authorization
Details of Bank- bank statement or a copy of a canceled cheque

Input Tax Credit

Inputs are all those goods that went into creating the finished products provided to the final consumer. Businesses are charged GST on goods/services that are used as inputs. The ITC mechanism allows GST registered businesses to receive refunds on the GST paid for purchasing all inputs. This helps prevent cascading taxation effect, which was the primary reason behind introduction of the GST.
For example: GST payable on the supply of the final product of a producer is Rs. 850 and the GST paid on inputs is Rs. 725. The producer can claim the Rs. 725 as ITC. This brings the net tax payable at the time of supply to Rs. 125 only (Rs. 850 – Rs. 725).
Under the previous indirect tax regime of levy of Service Tax, VAT, and Excise – a lot of input tax credit was not properly utilized.

Who are eligible to claim Input Tax Credit?

ITC is available only to those entities who have registered under the GST Act. Only GST registered businesses can claim ITC on the tax paid for the purchase of any business relevant inputs.

Who cannot claim ITC?

The input tax credit can be claimed only for business purposes. It is not available for
Goods and Services specially used for:
Personal use,
Exempt supplies,
Supplies for which ITC is specifically not available.
Apart from this, there are some other cases where ITC will be reserved. Such as credit note issued to ISD, Nonpayment of invoices within 180 days, assets bought partly or wholly for exempted supplies or personal use, etc.

Conditions for claiming Input Tax Credit

GST invoice showing details of tax paid is essential.
The products on which GST has been paid have been received by the consumer,
The applicant has filed the suitable tax returns,
The supplier had paid the due tax to the government,
The ITC applicant is registered under GST,
If the product were received in installments, ITC can be claimed only after the final payment has been received.

ITC cannot be claimed if:

Composition tax registered entities paying GST on inputs,
If depreciation has been claimed on the tax part of a capital good,
Products not used as inputs such as supplies for their own personal use,
On goods on which ITC is not applicable under the GST Act (exempted goods)

Input tax credits can be used as:

CGST input tax credits are allowed to be used to pay CGST and IGST,
SGST input tax credits are allowed to be used to pay SGST and IGST,
IGST input tax credits are allowed to be used to pay CGST, SGST, and IGST.

What is GSTIN?

GSTIN is a unique 15-digit alphanumeric code that is granted to each Firm/Company/Individual, who are registered under GST.
The government has insured that everything under GST is digital so that there is maximum transparency with minimum corruption.
The first 2 digits of the GSTIN represent the state code which is given as per the 2011 census.The next 10 digits are the PAN number of the entity.
The 14th digit is Z by default.The 15th or the last digit is the Checksum digit. It comes, automatically, as a result of the calculation of the other 14 digits.

What Is The Composition Scheme Under GST?

Small businesses with an annual turnover is not more than Rs. 1.5 crore (Rs. 75 Lakhs for the Special Category States) can option for the Composition scheme.
Composition dealers need to pay nominal tax rates based on the type of business. (a maximum of 2% for manufacturers, 5% for the restaurant service sector and 1% for other suppliers.)
Composition dealers are required to file only a single quarterly return (instead of the monthly returns filed by normal taxpayers).
They cannot raise tax invoices. They cannot collect tax from customers and they are to pay the tax out of their own pocket.
Entities that have opted for the Composition Scheme cannot claim any Input Tax Credit.
Who can opt for the Composition scheme?
All SMEs looking for lower compliance and lower rates of taxes under GST.
A GST taxpayer, whose turnover is less than Rs 1.5 crore, can choose for the Composition Scheme. (In the case of Special Category States, the present limit is Rs 75 lakh.)
The Aggregate Turnover of all businesses registered under the same PAN would be taken into consideration to calculate turnover.
Shall pay tax at normal rates in case he is liable under the reverse charge mechanism. Dealers of intra-state supply of goods (or service of only the restaurant sector).
Which businesses are not eligible to apply for the Composition Scheme?
Compostion scheme is not apply on:
All the suppliers of services except those providing restaurant services (not serving alcohol),
Casual Taxable Person,
E-commerce sellers,
Inter-state sellers,
Manufacturer of Notified Goods,
Non-resident Taxable Person,
Service providers,
Supplier of exempted goods or services.
Supplier of non-taxable goods,
Suppliers of – ice cream, pan masala or tobacco (and its substitutes),
How to apply for the Composition Scheme?
In case of new registration, you can choose for the scheme at the time of GST Registration.
If you are already registered you can file for it by submitting GST CMP-02 online.