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GST Audit and Annual Returns

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  • Free Expert Assistance
  • Complete Online Process
  • Reconciliation of GST Sales and Inputs
  • Reconciliation of GST Returns with Financials
  • Filing of GSTR 9 & 9C
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GST Annual Returns

GST Registration in India- Overview
GST was introduced in the year 2016 under the GST or Goods and Services Act. The purpose behind its introduction was the implementation of the idea of “One nation One Tax” across the country. Levied on the sale of goods and services, GST replaces taxes like sales tax, service tax, and VAT.
This streamlining has drastically improved the indirect tax regime in India. Moreover, GST has reduced the cascading effect of taxes and allowed taxpayers to claim Input tax credit. The GST regime has resulted in uniform taxation across the country, easing tax compliances, and enhancing transparency in tax collection.
 
GST Registration offers legal recognition and ensures tax compliance for businesses selling goods and services in India. Moreover, it facilitates GST payment for eligible taxpayers. However, GST registration is not all about compliance. It offers several benefits to taxpayers like the option to claim Input Tax Credit and avoid double taxation.
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GST Registration Eligibility for Taxpayers
GST Registration does not have a pan-India eligibility. It is only applicable to eligible businesses as per turnover limits prescribed under Section 22 of the Central GST Act, 2017. However, section 24 of the Act makes it mandatory for certain businesses to obtain GST registration irrespective of their turnover limits. Each of these businesses are listed below as per their eligibility criterias.
Businesses eligible for GST Registration in India include:
  1. Those dealing in merchandise with aggregate annual turnover exceeding Rs.40 Lakhs
  2. Those providing services with aggregate annual turnover exceeding Rs.20 lakhs
  3. Those operating in North Eastern and Hilly states with aggregate annual turnover exceeding Rs.10 lakhs
  4. E-commerce operators/ aggregators
  5. Businesses selling on e-commerce platforms
  6. Casual Taxpayers
  7. Business non-resident in India
  8. Importers & Exporters
  9. Taxpayers under GST Reverse Charge Mechanism
  10. Taxpayers registered under the older tax regime
  11. Businesses engaged in Inter-state supplies of goods & services
  12. Service Providers providing information & online databases services (OIDAR)
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What Businesses are Exempted from GST Registration in India?
Section 23 of the CGST Act, 2017 exempts certain businesses completely from the requirement of obtaining GST Registration in India. The exemption is applicable despite these businesses exceeding the prescribed turnover limits. We have listed all such exemptions below.
  • Businesses whose turnover has not crossed the threshold limit required for mandatory registration under GST.
  • An agriculturalist who supplies agriculture produce out of cultivation of his own land. 
  • Any other entity as notified by the Government.
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GST Registration Checklist & Documents
GST Registration in India cannot be obtained without certain prerequisites and documents. The table below contains two sections. The first one lists all the prerequisites, and the second one lists all the documents required for GST Registration in India. If you qualify for GST, you must meet all these GST registration requirements before submitting your application.
GST Registration ChecklistGST Registration Documents
  •  Applicant’s PAN must be linked to his Adhar, Mobile Number & Email Address
  •  Application must be filed within 30 days from the date a business becomes liable to pay GST
  •  Exception: Casual and NRI taxpayers can apply 5 days before the commencement of their business
  •  Eligible businesses must take GST Registration in every state they are operational
  •  Small Businesses can opt for GST Composition Scheme
  •  Although GST registration process is online, physical aadhaar authentication and premises verification may be applicable to certain businesses
Documents of Partners/Proprietor/Directors
  1. PAN Card
  2. Aadhar Card
  3. Coloured Photograph
  4. Address Proof
Documents of the Firm/ LLP/Company
  1. Partnership / LLP Deed
  2. MOA & AOA, in case of a company
  3. Business PAN
  4. Business / Proprietor’s Bank Details
  5. Certificate of Incorporation
  6. Letter of Authorisation of Authorised Signatory
  7. Copy of Resolution validating the decision to apply for GST Registration
Documents of Registered Office
  1. Address Proof
  2. NOC from the Premises Owner
  3. Rent Agreement/Property Tax Receipt
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How to Register for GST in India?- GST Registration Steps
GST Registration procedure in India is entirely online and can be completed quickly in a series of simple steps. Our team at Setindiabiz has been trained in assisting clients throughout the GST Registration process. Our services begin with preparing and drafting all the documents required for GST registration and extend to filing the complete application. The steps below explain how we secure GST registration for our clients in a convenient and hassle-free manner.

Step-1: Documentation

The documents required for GST Registration are based on the type of entity and the nature of its business activity. It is extremely important that all the documents required for online GST registration are prepared beforehand. This helps avoid any hindrance in the application process later. A complete list of such documents is mentioned in the section above.

 

Step-2: Register on the GST Portal

GST registration for new business is an application-based process. The first part of the application seeks basic registration details. This includes type of entity, name of entity, PAN number, and the state / UT where the business operates. Providing these details enables successful registration on the GST Portal.

 

Step-3: OTP-based Verification

GST Registration in India is a PAN-based process. The applicant must provide his PAN details in the first part of the application. As mentioned earlier, the PAN must be linked to the applicant’s Aadhar, mobile number and email address for OTP verification.

 

Step-4: TRN Generation

As soon as the PAN is entered, an OTP is sent to the linked mobile number and email address. After furnishing the two OTPs successfully, a Temporary Reference Number or TRN is generated. You can use the TRN for completing the application form further. Note that the TRN will be valid for 15 days only, so the process must be completed within this time period.

 

Step-5: Complete the GST Application Form

Sign in to the GST portal using the TRN and access the GST REG-01 application form. Complete the form by filling in the requisite details and uploading the requisite documents. This includes information about the business, promoters/partners, location of the business, products/services, and authorised individuals. Upon completing the form, verify it using the authorised signatory’s DSC or EVC.

 

Step-6: Issuance of GSTIN

Upon submission of all the details and documents, the application is processed in approximately 10 to 15 days. After successful verification of the form, the department allots a unique GSTIN to the applicant business. This GSTIN can further be used to check GST registration status and fulfil all GST-related compliances.

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Register for GST Today with Our Expert Assistance!
Are you looking for professional assistance with GST registration? As India’s best GST registration consultant, Facile Corporate Services is here for you! We understand that the GST registration process can be overwhelming and time-consuming for businesses. So, we offer end-to-end GST registration services, from preparation of all GST registration documents to filing complete GST application.
We make sure that your business meets all GST registration eligibility criterias before we apply. We also consistently check GST registration status after filing your application until a GSTIN is allotted. Choosing us as your GST registration consultant will assure that all your GST registration requirements are met with ease.
Free Consultation
9030449449

GST Registration in India- Overview
GST was introduced in the year 2016 under the GST or Goods and Services Act. The purpose behind its introduction was the implementation of the idea of “One nation One Tax” across the country. Levied on the sale of goods and services, GST replaces taxes like sales tax, service tax, and VAT.
This streamlining has drastically improved the indirect tax regime in India. Moreover, GST has reduced the cascading effect of taxes and allowed taxpayers to claim Input tax credit. The GST regime has resulted in uniform taxation across the country, easing tax compliances, and enhancing transparency in tax collection.
 
GST Registration offers legal recognition and ensures tax compliance for businesses selling goods and services in India. Moreover, it facilitates GST payment for eligible taxpayers. However, GST registration is not all about compliance. It offers several benefits to taxpayers like the option to claim Input Tax Credit and avoid double taxation.
Free Consultation
9030449449