Registration of GST

Goods & Services Tax (GST) is a consumption-based tax levied on sale, manufacture and consumption on goods & services at a national level. This tax will be a substitute for all indirect tax levied by state and central governments. With the increase of international trade in services, GST has become a global standard and has replaced the erstwhile “dual taxation†levied by the central & state governments.

In the GST Regime, businesses whose turnover exceeds Rs. 40 lakhs for sale of goods and Rs. 20 lakhs of service providers is required to register as a normal taxable person. This process of registration is called GST registration. For certain businesses, registration under GST is mandatory. If the organization carries on business without registering under GST, it will be an offence under GST and heavy penalties will apply.

Advantages on Registration of GST

Easy Procedure

The procedure for the GST is simple in nature. It promotes all kinds of business and is beneficial for the startups.

Less Compliance

In general, tax filing has complications and confusions at the time of compliance but GST helps in breaking the complications among the business people.

Legal Right Holder

A legally approved GSTIN holder can claim for any legal remedies in case problems arise.

Claim Input Tax Credit

Can avail ITC on the purchases made

Documents required for the Registration of GST

  • ID Proof:Aadhar / Voter ID / Driving licence/ PAN of the applicant.
  • Address Proof and Utility Bill:The Address proof along with the Proof of the registered place of business (Ownership documents/ rent or lease agreement) or any bill in relation to electricity /landlord bill / bank statement and incorporation certificate.
  • Photos :The photos of the respective persons should submit for the clarification and proof of the concerned person.
  • Mobile Number and Email ID:The mobile number and email Id of the concurrent person or establishment because you will receive your username and password with the secured number and email.
  • Type of Business:The nature of the business and relevant information has to be attached.
  • Cancelled Cheque:The cancelled cheque of the bank account of the business.
  • Copy of Bank Statement:The bank statement of the applicant where the first two pages has to be attached.
  • Other :Our esteemed professional team would guide you with other requirements based on the nature of business.