GST Registration


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GST Registration

GST is applicable at every stage of business right from the stage where goods are produced up to the stage it is consumed by the end user. At every next stage, one can take the tax credit for the input taxes paid by them in the previous one. The chain continues and ends on the end user of the product/services. Summing up tax will be implemented at every value addition stage. Unlike VAT, GST is supply based tax or destination based tax. Hence type of GST is decided upon the place of supply of goods/services.

WHO FALLS UNDER THE AMBIT OF GST REGISTERATION

REGULAR TAXPAYER:
Whose turnover is more than 20 Lacs (10 Lacs in selective cases).
Who was registered under previous law.
Who pays taxes under Reverse Charge Mechanism.
Who is an Input Service Distributor.
Who is an E-commerce operator/aggregator or supplies via them

CASUAL TAXABLE PERSON

Casual GST Registration can also be understood as Temporary Registration/ Registration for specific purpose/ Registration for specific place. They are the ones who do not have a fixed place of business. They occasionally supply goods/service in other states/UT (which is not their principal place of business). There is no turnover limit for casual taxable person and they need not file annual return.

Casual GST Registration should be done atleast 5 days prior to commencing business in other state/UT. Tax liability to be deposited in advance on presumption basis. Such registration is valid for the date as specified in the form or 90days (whichever is earlier). Extension of 90days with reasonable cause can be given by designated officer.

COMPOSITION SCHEME

A friendly provision for small and medium sized business and start-ups whose annual turnover is not more than Rs. 75 Lakhs. This scheme helps registered small scale business to avail discounted GST rates. Where normal taxpayer pays GST @ 5%, 12%, 18% or 28%; here the small taxpayers shall pay only 1%, 2% or 5%. Such limited tax liability helps Composition dealer to have better liquidity in the company. Only an intra-state supplier and non E-commerce supplier can opt for this scheme. Service providers are kept out of the purview of this scheme (except restaurant sector taxpayer).

Composition dealers are not allowed to collect taxes from the buyers and hence neither the composition dealer nor buyer from composition dealer can avail Input Tax Credit.

Composition dealer are not required to maintain detailed records or prepare tax invoices. Unlike 37 returns filed annually by regular taxpayer, Composition dealers are required to file only 5 returns annually ie. 1 return each quarter (GSTR-4) and 1 annual return (GSTR-9A).

Process

01

Obtain DSC

Obtaining Digital Signature Certificate (DSC) is the first step towards GST Registration. It take 2 days to obtain DSC.

02

HSN & SAC Codes

Based on the items in which you deal or the services you offer, we will identify HSN or SAC Codes which are required for GST Registration.

03

GST Application

Based on the documents and information provided by you, we will apply for the GST Resgistration of your business and provide ARN Number.

04

Getting GSTIN

On verification of the application and documents submitted, the Government Officer will provide GSTIN and GST Registration Certificate.

GST Registration

GST is segregated under following heads: : CGST –Central GST governed by the central government,SGST –State GST governed by the state government,UTGST –Union Territory GST governed by the Union Territory,IGST –Integrated GST governed by the central government.

Tax credit can be availed by the GST registered business on the taxes paid by them on their purchases of goods or services. Input tax credit will positively encourage tax payers to pay tax on their purchases thereby ruling out tax evasion practice.

It enables more focus and time towards production of work rather than tedious paper work and handling various tax departments.

It helps to bring following indirect taxes under one name of GST: State Value Added Tax, Central Sales Tax, Purchase Tax, Service Tax, Entertainment Tax, Advertisement Tax, Octroi, Entry Tax, Central Excise Duty, Customs duty, Countervailing duty, Luxury Tax, Tax on Lottery/gambling/betting, Cess & surcharge on supply of goods/services.

GST is a consumption based tax which allows the state to collect taxes on the goods/services in the state where such goods/services are consumed and not produced.

GST is a simplified form of tax to overcome the complexities involved with various types of taxes and cumbersome paper work. GST helps in saving hefty compliance cost.

Make in India will make the market more competitive with better quality products at competitive rates. This will directly increase the rate of consumption of goods thereby boosting overall GDP of the country.

Uniform Tax rate throughout India for a particular goods or services will aid the businessman / the service providers with neutral approach in choosing their place of business.

GST Registration

BASIC
1999
  • Online GST Registration

  • in any One State

  • All Inclusive

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Standard
2999
  • Online GST Registration

  • in any One State

  • Including one class II Digital Signature

  • All Inclusive

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Premium
3999
  • Online GST Registration

  • in any One State

  • Including one Class II Digital Signature

  • MSME Registration

  • All Inclusive

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