GST Registration Limit for Restaurants

These days Restaurants are booming. The Indian government is making various taxation provisions for them. Unlike any other industry, they need to get the GST Registration. With GST Registration Restaurants get a unique identification number GSTIN and GST Certificate. There are many benefits such as simplification of the taxation regime, Input Tax Credits can be claimed, an increase in income of the government, and many others. Going through this page will give you full information about the GST Registration.

To get any information regarding GST Registration contactProfessional utilities quickly.

• Proof of the Registration - No Registration Certificate Partnership Deed
• Photo - Owner’s or proprietor's photo Designated partners or Managing partners

Evidence of Principal Place of Registration

• Owned Property - Tax Receipt or property tax receipt, electricity bill, and Place’s registry Documents.
• Rented Property - Lease Agreement/Rent Agreement with electricity bill in the name of the owner.

If the property is neither on rent nor owned property then NOC along with the electricity bill is submitted.

• Bank Documents - Bank‘s scanned copy of the passbook Cancelled cheque containing bank account, MICR, IFSC, and Branch Details.

If they surpass the limit, the restaurant must obtain the GST Registration.

To get the GST Registration without any hassle with Professional Utilities Rs. 1499/-.

Note: The aformentioned Fees is exclusive of GST.

The following steps are followed by the Restaurant to complete the GST Registration as mentioned below -

• First login needs to be created after visiting the GST.GOV.IN's website.
• In GST Reg 01 PART A name, mobile number, and email address are entered.
• Verification’s OPT is received to verify the mobile number and email. After that TRN No. is issued.
• Then PART B of form REG GST 01 is filled. In which the goods and services, partners/promoters, authorized signatories, business details, and place of business-related detail are filled. ARN No. is generated.
• Submitted applications are reviewed by the taxation officer. Then form and documents are confirmed,
• After confirmation of the genuine. The officer will issue or refuse to issue the registration certificate.
• If he accepts the form, In GST REG 06 will provide a GSTIN and a GST Certificate.

Restaurants having annual turnover of less than Rs.100 lakhs can register under the Composition Scheme. Under the GST Composition scheme GST will be paid at the rate of the 5% of the turnover divided into 2.5% as CGST and 2.5% as SGST.

Aggregate Turnover means all India basis turnover. It includes exempt supplies, taxable supplies, and export-made but excludes supplies under reverse charges central as well as state/union territory and integrated cess and taxes.

Under the composition scheme GST is levied at a lower rate. There are fewer compliances at a fixed rate of tax. This is an optional scheme subjected to certain restrictions.

One Unified Tax - Multiple Taxes levied on restaurants like a luxury tax on rooms rented, Excise on the production of pastries, entertainment tax on tickets to events, VAT on dining establishments, and service tax on lodging and dining establishments are bought under compliance of one law.

Input Tax Credit - Many Taxes are paid on acquisition such as excise paid on procurement of furniture, Entry Tax paid on machinery, packaged foods, and excise paid on procurement of furniture. All these taxes are allowed to be taken as credit provided they are not paid at a concessional rate.

It is mandatory to get GST Registration for the Restaurant. Failure to get GST registration can result in penalties and legal problems. By filling out the form and submission of the required documents get the GST Registration. There are many benefits of GST Registration like transparency, reduction in the cost of products, input tax claims, and many others.