GST for Service Provider

A service provider is an individual or entity engaged in services such as real estate, consulting, and legal services. It is an outsourced supplier or third party. GST for service providers is applicable when any service provider has a turnover of more than 20 lakhs in most states and 10 lakhs in a special category state; in such cases, they need to get to know their GST applicability on services.

If you are a service provider and are already registered for service tax, you will need to convert your service tax registration to GST registration for service providers. If you are starting a new service business, you must apply for GST registration within 30 days of commencing business.

GST registration for service providers has been made more convenient in the 23rd GST Council Meeting. They have many benefits such as an increase in transparency, a decrease in cost, an increase in efficiency of the logistics, an increase in the income of the government, and many others.

Professional utilities help to get the GST return filing for service providers in a quick and hassle-free manner.

GST Registration is mandatory for a certain category of service provided. They should get GST Registration irrespective of the turnover. The list of Service provider are mentioned below -

• Non - Resident taxable person engaged in supplying goods to India
• Casual taxable person
• Aadhar Card of the owner
• OIDAR Service Provider
• E-Commerce Operator

Within 30 days from rendering of the services tax invoice needs to be made. Tax invoices should include
• invoice date,
• invoice number
• GST Rate application
• Detail of the services provided
• GST application.

The following documents are required by the service provider for GST Registration as mentioned below -

• Place of business
• Permanent Account Number
• Bank Account
• PAN of authorized signatory
• PAN Card of trustee/partners/proprietors/director/karta - at least one

When total turnover exceeds the prescribed limit then it is mandatory for the firm to get registration.

Professional Utilities helps to get GST Registration at Rs. 1499/-.

Note: The aformentioned Fees is exclusive of GST.

By following the simple process Service provider obtains GST registration as mentioned below -

• After accessing the website GST.GOV.IN, click on login.
• In Form REG GST 01 enter Name, Mobile Number, Email address.
• With OPT Verify Mobile No. and Email Id. After verification TRN No. is received.
• Then Goods and services, partners/promotor, authorized signatory, Business Detail, and place of business is entered in GST REG 01 PART B. ARN No is generated after that.
• The officer verifies the form and document required. An officer feels he will accept and reject the form.
• If he accepts the form then in GST REG 06 GSTIN and GST Certificate are allotted

There are the following reason why corporate should get GST Registration -

• Input Tax Credit - If businesses get GST - Registration then they can claim GST Registration.
• Penalties are avoided - If service providers do not get GST Registration then they have to pay the penalties and legal consequences like frequent inspection.
• Credibility - If individuals register under GST then it becomes reliable and trustworthy.

All businesses engaged in the supply of services have a turnover of more than 20 lakhs and 10 lakhs for northern eastern and hilly states need to get the GST Registration. If business is carried out without GST Registration then heavy penalties are levied. The service provider needs to fill out a form and attach the required documents, and after verification, they get the GST Registration.