GST Registration Process, Documents and Fees

Updated on October 18, 2024 04:42:31 PM

In India, the Goods and Services Tax (GST) is important for all service providers, traders, manufacturers, and freelancers. The GST system was established to replace central and state-level taxes such as service tax, excise duty, CST, entertainment tax, luxury tax, and VAT, thereby streamlining the tax process. The GST registration fee varies according to the type of business and turnover.

The GST framework offers a composition scheme for taxpayers with an annual turnover of less than 1.5 crore. This scheme enables them to follow simplified GST processes and pay taxes at a predetermined rate based on turnover.

GST registration is mandatory for businesses in India. If your company's revenue exceeds specified thresholds or falls into one of the groups that require GST registration, you must register as per the GST requirements. Professional Utilities can help you get your GST registration easily.

Under the current GST framework, any individual or business that provides goods and services must register for GST. So, if your business has an annual sales of more than Rs. 20 lakh (in all Indian states save the north-eastern ones), you must register with GSTN.

GST Registration [Sample]

BEE Certificate
table content image

What is GST Registration?

GST registration is the system of acquiring a unique registration number that lets a business accumulate GST on behalf of the authorities and obtain enter tax credit for GST paid on purchases. GST registration is needed for firms with an annual revenue of more than a specific stage and is important for compliance with GST law.

In India, any firm with an annual turnover of more than Rs. 40 lakh (or Rs. 20 lakh for businesses in the northeastern regions) must register for Goods and Services Tax. Furthermore, companies participating in e-commerce must register for GST regardless of yearly sales. Service providers and suppliers who move products or services from one state to another must register for GST, regardless of their revenue. Certain companies, such as agricultural producers or small-scale cottage industries, are exempt from GST registration.

pu seperater

Benefits of GST Registration for Businesses

Businesses can benefit from GST registration in the following ways:

Legal Compliance: Ensures that firms comply with tax requirements, avoiding potential penalties.

Input Tax Credit: Businesses can claim credits for GST paid on purchases, which can subsequently be offset against the GST imposed on sales, reducing tax payments.

Inter-State Trade Ease: Encourages businesses to do transactions across state lines without suffering tax issues.

Elimination of the cascading effect: Reducing the impact of taxation on a sum already taxed once, thereby reducing revenue by taxing at each stage.

Competitive benefit: GST compliance may boost trust among potential clients, improving business opportunities.

Access to Larger Markets: larger companies prefer to work with GST-registered vendors.

Improved Cash Flow: By optimizing cash management, the risk involved and tax liabilities can be reduced to achieve better benefits from it.

Augmented Credit Rating: A company can get better a credit rating if its GST compliance score is consistent and good.

Legal backup: GST registration is a legal backup so that the authorities of the government have all rights to protect businesses.

Easier Compliance: GST has simplified the return filing and payment process online in very easy steps.

Transparent Operations: Ensures that businesses keep correct records, fostering a sense of trust and professionalism.

pu seperater

Eligibility for GST Registration

The eligibility for GST registration certificate in India depends on several factors, including the nature of the business, turnover, and location. Here are the general criteria:

eligibility for gst registration
  • Individuals registered under the Pre-GST law (i.e., Excise, VAT, Service Tax, etc.)
  • Businesses with turnover above the threshold limit of ₹40 Lakhs (₹ 10 Lakhs for North-Eastern States, J&K, Himachal Pradesh, and Uttarakhand)
  • Casual taxable person / Non-Resident taxable person
  • Agents of a supplier & Input service distributor
  • Those paying tax under the reverse charge mechanism
  • A person who supplies via an e-commerce aggregator
  • Every e-commerce aggregator
  • Person supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered taxable person
pu seperater

Documents Required for GST Registration

To register for GST, you will need to provide certain documents. A more detailed list of documents required for GST registration is provided below:

  • Copy of PAN Card of the Applicant
  • Copy of Aadhaar Card
  • Incorporation Certificate or Business Registration Proof
  • Address Proof (Rent Agreement / Electricity Bill)
  • Canceled Cheque / Bank Statement
  • Digital Signature
  • Passport size photograph
  • Letter of Authorization / Board Resolution for Authorized Signatory
documents required for gst registration
pu seperater

GST Registration Process

The GST Registration process involves the following steps:

Step 1: Visit the GST portal

  • Access the official GST portal (www.gst.gov.in) to initiate your registration procedure.
  • Then to begin your application, click "Register Now" in the "Taxpayers" section for new registration or click on GST login for logging into your account.

Step 2: Fill out Part A of the registration form

  • To create a preliminary profile, enter your PAN, mobile number, and email address.
  • To guarantee validity, verify the OTP issued to your cellphone and email.

Step 3: Receive TRN

  • Use the TRN (Temporary Reference Number) to log in and complete Part B of the form, which serves as a reference for your application.

Step 4: Fill out Part B of the registration form.

  • Provide information about the business, such as its name, constitution, address, and bank account information, which are required for registration.

Step 5: Submit documents

  • To complete your application, upload the required GST registration documents listed earlier.

Step 6: Verification and Approval

  • The GST council will verify the application to ensure that all details are valid.
  • Following approval, a GSTIN (GST Identification Number) is issued, signaling the end of registration.
pu seperater

GST Registration Fees

GST Registration is a lengthy process that requires the submission of several business details and scanned documents. Although there are no fees required by the GST law for self-registering on the GST portal. However, the GST registration plan with Professional Utilities will save you a significant amount of time and effort. You can choose Professional Utilities GST Registration services, which will provide you with end-to-end assistance with GST registration. The total cost of registering a business under GST with Professional Utilities is ₹1499 only!

pu seperater

Penalty for failing to obtain GST registration

For Non-Payment or Underpayment: If a taxpayer fails to pay the required tax or incorrectly underpays, an acceptable equivalent of 10% of the outstanding tax amount is assessed. It is crucial to understand that, while there are no GST registration fees, the penalty for noncompliance can be severe.

Intentional Tax Evasion: If an individual or business knowingly fails to pay the required taxes, the penalty is 100% of the evaded tax amount.

pu seperater

GST Registration Online with Professional Utilities

Professional Utilities offers GST registration online. Enter your name, phone number, and email address to start the GST registration process.

When we receive your request, a GST marketing consultant will contact you to get more about your commercial enterprise and the state in which it operates, as well as to answer any questions you may have.

Additionally, the GST expert will collect and affirm all of your goods tax registration documentation to make certain that there may be no issue in any part of the system. After payment, we will start the GST registration online and attach all your documents to the GST Registration portal.

You can get GST registration in 3 to 7 working days. Everything is online, therefore there is no need to be physically present at the office.

pu seperater

Conclusion

Online GST registration is a vital step for Indian businesses seeking to operate legally and profit from the unified tax system. Businesses that understand the eligibility criteria, required documentation, and registration process can maintain compliance and avoid penalties. Timely registration also grants access to a number of benefits, such as input tax rebates and hassle-free interstate operations.

For more information and help with online GST registration, go to the official GST portal or speak with a tax specialist from Professional Utilities.

Get Expert Consultation

pu seperater

Why Professional Utilities?

At Professional Utilities, we leverage our industry knowledge and expertise to help businesses navigate complex regulations, minimize risks, and optimize operations for maximum efficiency and profitability.

All Corporate Services

One Stop Corporate Solution

PAN India Services

PAN India
Services

Expert CA/CS Assistance

Free Expert
Assistance

Google Verified Bussiness

Google Verified
Business

Dedicated Support staff

Dedicated Support
Staff

Money-Back Guarantee

Money-Back
Guarantee

Trusted By

clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
Lappy Maker
pu seperater

Frequently Asked Questions (FAQs)

How can I register GST myself?

GST registration is required for all eCommerce sellers. Citizens can apply for new GST by registering online without visiting a government office.

What is the GST limit?

Businesses in India are required to register and pay GST if their yearly turnover reaches certain levels under the Goods and Services Tax (GST) regime. Currently, the GST exemption limit is set at ₹.40 lakhs for goods and ₹ 20 lakhs for services.

Who is not eligible for GST registration?

Individuals and organizations having an annual turnover below INR ₹ 40 lakhs for goods and INR ₹ 20 lakhs for services (INR 20 lakhs and INR 10 lakhs for certain categories) Individuals making supplies of NIL-rated or completely exempt goods and services

Can I get numerous GST registrations within a state?

Within a state, every business can apply for as many GST registrations as it needs. The practice of granting several GST registrations only for various company verticals within a state has been discontinued.

Speak Directly to our Expert Today

Reliable

Reliable

Affordable

Affordable

Assurity

Assured