Finance Desk
GST Registration
Are you willing to start Business with GST Registration in India? We are Goods and Services Tax (GST) Registration Consultant Providing GST Registration Services in India
Get Your GST Registration Certificate within 7 Days, Easy and Simple Online Process.
GST Registration is Mandatory if Turnover is more than 20 Lakhs (40 Lakhs*).
GST Registration
Are you Searching for Goods and Services Tax (GST) Registration, Finance Desk is Best GST Registration Consultant in India. When Business Taxable Turnover Exceeds Basic Exemption Limit Then Its Mandatory to Obtain GST Registration. However, There are Two Act Governs the Goods and Service Tax Regime State Act (SGST/UGST) and Central Act (CGST). therefore, State and Central Department both Update their Guideline and Rules on time to time basis.
GST Services (Goods and Services Tax) is Indirect Tax Compliance in India. GST is Required to pay when any Business Provides Supply to other person. Here Supply Means Goods and/or Service both.
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When GST Registration required mandatorily?
- Turnover is above threshold limit 20 Lakhs (Rs. 40 Lakhs)
- Tax payer is exporter and wants to claim ITC Refund
- E- Commerce aggregators
- Person who required to pay tax on RCM Basis
- Input Credit Distributors (ICD)
- Agent of Suppliers
- Who wants to pass Input Credit to their customer/client
- GST Registration helps in doing interestate and export transactions
What are the Document required for GST Registration?
- PAN Card [ Person/ Partner / Director ]
- Adhar Card [ Person / Partner/ Director ]
- Passport Size Photo [Person / Partner / Director ]
- Business Address Proof [ Rent Agreement, Electricity Bill ]
- Mobile Number and Email id
- Authorised Signatory (in case of Partnership firm, Company, LLP)
- Proposed Name of Business
- Proposed activity of Business
What are the Compliance to be followed on Registration under GST?
- Maintaining records of Sales and Purchase on regular basis
- Filing of Monthly GSTR-3B Return
- Payment of GST as per applicability
- Filing of GSTR-1 Return on Time to time Basis
- Annual Compliance of GST
- Display of GSTIN in Office sign board
FAQ's on Proprietorship Firm Registration
CBIC Has Increased GST Registration Limit to Rs. 40 Lakhs from Earlier Limit of Rs. 20 Lakhs. However for some State Limit are (Rs. 10 Lakhs for North-Eastern States, J&K, Himachal Pradesh and Uttarakhand)
Yes, There is no compulsion that GST Registration must taken at Commercial places. It should be takes at Business Place. Such Business place can Be Home in case of FreeLancer, Home Made Products/ Services etc. Thus you can get New GST Registration with Home Address.
At the Time of New Application of GST Registration Bank Account with Business Name is not Mandatory. However Once You Received the Registration Certificate you need to submit your Banking Details with GST Department Via Modification/ Amendment of Registration Application. For Such Application you required to furnish Cancel Cheque or Bank Statement.
Depends on Banks Internal Policy. Mostly, documents are
- Photo of Proprietor
- Business Seal
- PAN Card of Proprietor
- Any Government Registration Proof of Business (if Any Like GST, MSME, TAN, etc)
- if Government proof is Not Available, CA Certificate of Business may be used in some banks.
There is NO Government Fees for New GST Registration. However Professional Charges for GST Registration in India is around Rs. 1500 to 5000. Also One Should Note that GST Return Filing is Compulsory and Such Filing will Cost Tax Payer on an Average Rs. 12000 Per Year. Fails to comply with Return Filing provision will leed to penalty.
Goods Supplier Having Turnover Less than 1.5 Crore are having option to pay lumpsum tax on turnover. Input Credit is not available for Composition. also they cannot pass input credit to buyer. Rates for composition 1% (For Manufacturer and Trader), 5% (For Restaurant), 6% (For Service Provider).
No Objection Certificate from premises owner OR Consent letter from owner is sufficient if premises belongs to relative.