Follow Us:

GST Registration

  • Avoids penalties and ensures businesses operate lawfully.
  • Allows businesses to claim credit for GST paid on purchases, reducing tax liability.
  • Removes tax-related barriers for businesses expanding across states.
  • Ensures GST is charged only on value addition, reducing overall costs.
  • GST compliance boosts credibility and builds trust among customers and partners.

FREE CONSULTATION

GST registration is mandatory for businesses in India that exceed the prescribed turnover limits or belong to specific categories that require GST compliance. Registering under GST ensures legal compliance, facilitates tax benefits, and streamlines business operations.

 

We assist businesses in obtaining seamless GST registration, ensuring compliance with GST regulations and tax laws.

 

Overview of the GST System

 

The Goods and Services Tax (GST) was introduced to replace multiple indirect taxes, including Service Tax, Excise Duty, CST, VAT, Entertainment Tax, and Luxury Tax. GST has simplified the taxation system, making it more transparent and uniform across India.

 

The GST registration charges vary based on business type and turnover.

Why Cancel or Surrender GST Registration?

Businesses may opt for GST cancellation due to various reasons, such as:

Key Components of GST Registration

 

1.  Central Goods and Services Tax (CGST)

  • Levied by the Central Government on the intra-state supply of goods and services.
  • Applicable for transactions within the same state.

 

2. State Goods and Services Tax (SGST)

  • Levied by the State Government on the intra-state supply of goods and services.
  • Works alongside CGST, with tax revenue shared between the Centre and the State.

 

3. Integrated Goods and Services Tax (IGST)

  • Levied by the Central Government on the inter-state supply of goods and services.
  • Applicable for transactions between different states or between a state and a Union Territory.

Advantages of GST Registration for Businesses

  • Legal Compliance – Avoids penalties and ensures businesses operate lawfully.
  • Input Tax Credit (ITC) – Allows businesses to claim credit for GST paid on purchases, reducing tax liability.
  • Facilitates Inter-State Trade – Removes tax-related barriers for businesses expanding across states.
  • Elimination of Cascading Effect – Ensures GST is charged only on value addition, reducing overall costs.
  • Competitive Edge – GST compliance boosts credibility and builds trust among customers and partners.
  • Access to Larger Markets – Large corporations prefer working with GST-registered vendors.
  • Optimized Cash Flow – Reduced tax liability leads to better financial management.
  • Enhanced Credit Rating – Consistent GST compliance improves business creditworthiness.
  • Legal Safeguard – Protects businesses under a structured tax framework.
  • Simplified Compliance – Enables easy online return filing and tax payments.
  • Transparency in Operations – Ensures accurate financial records, promoting professionalism and trust.

Documents Required for GST Registration

 

For Sole Proprietor / Individual

  • PAN Card of the owner.
  • Aadhaar Card of the owner.
  • Photograph of the owner (JPEG format, max size 100 KB).
  • Bank Account Details.
  • Business Address Proof.

 

For LLP and Partnership Firms

  • PAN Card of the LLP or Firm.
  • Partnership Deed.
  • Partners’ Aadhaar Cards & PAN Cards.
  • Photographs of Partners.
  • Bank Account Details & Business Address Proof.

 

For Companies (Public & Private Limited)

  • PAN Card of the Company.
  • Certificate of Incorporation (COI) from MCA.
  • MOA & AOA (Memorandum & Articles of Association).
  • Directors’ PAN & Aadhaar Cards.
  • Photographs of Directors.
    ✔ Bank Account Details & Business Address Proof.

Frequently Asked Question

1. How much does GST Registration cost?

  • Government Fees: ₹0 (No fee for registration).
  • Professional Fees (if hiring a CA or consultant): ₹1,000 – ₹5,000 (optional)

2. What is the GSTIN format?

GSTIN (GST Identification Number) Format:

15-digit unique number: 22AAAAA0000A1Z5

  • First 2 digits: State Code
  • Next 10 digits: PAN of Business
  • Next digit: Entity Code
  • Last digit: Checksum

3. What are the penalties for not registering under GST?

  • Penalty for non-registration: 10% of tax due (minimum ₹10,000).
  • If tax evasion is detected: 100% penalty + legal action.
  • Late registration issues: Cannot claim past ITC.

4. Can a single business have multiple GST numbers?

  • Yes, if operating in different states or different business verticals

5. Can I amend my GST Registration details?

  • Yes, changes in business details (address, name, bank details, etc.) can be updated via GST portal under ‘Amendment of Registration’.

6. Is GST Registration mandatory for freelancers?

  • Yes, if turnover exceeds ₹20 lakh (₹10 lakh for special states).

7. Do I need a separate GST Registration for e-commerce?

  • Yes, online sellers (Amazon, Flipkart) must compulsorily register for GST, even if turnover is below ₹40 lakh/₹20 lakh.

8. Can a business apply for multiple GST schemes?

  • No, businesses can either opt for Regular GST or Composition Scheme, not both.

9. Can I register for GST without a business premises?

  • Yes, but a valid address proof (residential/commercial) is required.