GST REGISTRATION

Who Should Use ?

Registration under the GST Act is mandatory if your aggregate annual PAN-based turnover exceeds INR 40,00,000 (Rupees Fourty Lakhs) however the threshold for registration is INR 20,00,000 (Rupees Twenty Lakhs) if you have a place of business in Arunachal Pradesh, Assam, Himachal Pradesh, Jammu & Kashmir, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura, or Uttarakhand.

Regardless of your turnover,registration is mandatory if

  • You make Inter-State Supplies 
  • You supply goods through an E-commerce portal
  •  You are a/an
  • Service Provider
  • Agent for Registered Principal
  • Liable to Pay Reverse Charge
  • Non-resident Taxable Person
  • Casual Taxable Person
  • Input Service Distributor
  • TDS/TCS Deductor
  • E-commerce Operator
  • An online data access and retrieval service provider

Documents Required for GST Registration

  • PAN of the Applicant
  • Aadhaar card
  • Proof of business registration or Incorporation certificate
  • Identity and Address proof of Promoters/Director with Photographs
  • Address proof of the place of business
  • Bank Account statement/  cancel cheque/ First page of passbook
  • Digital Signature If  Available
  • Letter of Authorization/Board Resolution for Authorized Signatory

What are the benefits of registering under GST?

  1. . Take input tax credit
  2. Make interstate sales without restrictions
  3. Register on e-commerce websites
  4. Getting eligible to avail various other benefits and privileges under the GST laws
  5. Legally recognized as supplier of goods or services.
  6.  Proper accounting of taxes paid on the input goods or services which can be utilized for payment of GST due on supply of goods or services or both by the business.
  7. Legally authorized to collect tax from his purchasers and pass on the credit of the taxes paid on the goods or services supplied to purchasers or recipients

1. Limited compliance
2. Less tax liability
3. High working capital

  • Any registration granted under this act may be cancelled by the proper officer, in circumstances mentioned in sec 29 of the CGST/SGST act. The proper officer may, either on his own motion or on an application filed, in the prescribed manner, by the registered taxable person or by his legal heirs, in case of death of such person, cancel the registration, in such manner and within such period as may be prescribed. As per the registration rules, an order for cancellation is to be issued within 30 days from the date of receipt of reply to SCN or from the date of receipt of application for cancellation.

 

  • Such circumstances include contravention of any of the prescribed provisions of the CGST act or the rules made there under, not filing return by a composition dealer for three consecutive tax periods or non furnishing of returns by a regular taxpayer for a continuous period of 6 months, and not commencing business within 6 months from the date of voluntary registration. However, before cancelling the registration, the proper officer has to follow the principles of natural justice.

GST Registration FAQs

GST Registration of a business with the tax authorities implies obtaining a unique, 15-digit Goods and Service Tax Identification Number (GSTIN) from the GST authorities so that all the operations of and the data relating to the business can be collected and correlated. In any tax system this is the most fundamental requirement for identification of the business for tax purposes or for having any compliance verification program

Within 30 days from the date when your liability arose. In case of a Casual Taxpayer or Non-resident taxable person, 5 days prior to the commencement of the business

Amendment application form can’t be filled for change in PAN because GST registration is PANbased.