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GST Registration

Goods and Services Tax registration with easy online processes

Easy online GST registration for compliant financial operations

GST is a comprehensive indirect tax that is included in the final price that's paid by the customer and further passed on to the government by the seller. It has replaced multiple indirect taxes, such as excise duty, service tax, and value-added tax (VAT), with a single tax regime. Get tax advisors for your business and get the GST registration for companies done by us. We’re the best GST registration consultant in Delhi NCR, so you can get better insight and register your business under this regime and to have fair and transparent taxation.

What is GST registration?

An organisation is eligible to levy this tax on the consumers only after getting them registered. GST registration is mandatory for some specific businesses and individuals who meet the eligibility criteria set by the government. Businesses with an annual turnover exceeding a specified threshold need to register for GST. The threshold for regular GST registration is an annual turnover of Rs. 40 lakhs for most states and Rs. 20 lakhs for special category states and it varies based on the type of business and the state in which it operates.

Key points to remember during GST registration:

  • Voluntary Registration: If a business's turnover is below the threshold, it can opt for voluntary GST registration
  • Composition Scheme: Small businesses with a turnover below a certain limit can choose this scheme that allows them to pay tax at a fixed percentage and enjoy simplified compliance.
  • GSTIN: Upon successful registration, a business is issued a unique 15-digit alphanumeric Goods and Services Tax Identification Number (GSTIN).
  • Online Registration: GST registration can be done through an online portal called the Goods and Services Tax Network (GSTN).
  • Input Tax Credit (ITC): Registered businesses can claim input tax credit that helps avoid the cascading effect of taxes and reduces the overall tax burden.
  • Compliance Requirements: Registered businesses need to file and maintain regular GST returns. It needs to adhere to compliance requirements such as issuing tax invoices and collecting tax from customers.

Documents required for GST Registration

For Sole proprietor- PAN card of the owner; aadhar card of the owner; photograph of the owner and electricity bill for business address proof.

For a partnership firm/ LLP- PAN card of all partners; copy of partnership deed; photograph of all partners and authorised signatories; address proof of partners (Passport, driving licence, Voters identity card, Aadhar card etc.); aadhar card of authorised signatory; proof of appointment of authorised signatory; in the case of LLP, registration certificate / Board resolution of LLP; address proof of principal place of business.

For a company (Public/ Private/ Indian/ foreign)- PAN card of Company; certificate of incorporation given by Ministry of Corporate Affairs; memorandum of Association / Articles of Association; PAN card and aadhar card of authorised signatory where the authorised signatory must be an Indian even in case of foreign companies/branch registration; PAN card and address proof of all directors of the company; photograph of all directors and authorised signatory, board resolution appointing authorised signatory / Any other proof of appointment of authorised signatory; address proof of principal place of business**

Why is it required to register for the GST?

The goods and services tax act states that every business must be registered for fairness and transparency. For the explicit data organisation and to maintain the financial records of the company, GST is applicable and charged on the goods accordingly. We are here to help our clients with brief ideas and all the information they must have to run a business.

Duration

The GST can be filled monthly or quarterly. The monthly tax can be filed on the 11th of every month is GSTR-1 and 20th of every month is GSTR-3B paid, and if you are paying on a quarterly basis, then it can be done on the 13th of every quarter for GSTR-1 and 22th of every quarter is GSTR-3B, as per the duration the option can be chosen.

How can StartUp Tax Suvidha help you?

If you are planning to start a new business or already have one, registering your company under GST is mandatory. Our team of experts and professionals can help you register for this service in an accurate manner. You can share your business data, and after getting all the required information, we will set the plan for the GST payment accordingly.

Frequently Asked Questions

GST is goods and services tax and is applied as an indirect taxation covering up for various other taxes.

Although it’s a technical skill that needs professional knowledge, you can take assistance with the help of a business software that we already provide you with.

It can be paid monthly and quarterly as per your requirements and convenience. Also, you can choose the duration of the payments on your own basis if your turnover is less than 2cr.

Determining eligibility; gathering necessary information; registering online; obtaining registration certificate; understanding tax rates and compliance obligations; using accounting software; pay GST on time; seeking professional assistance if needed; remembering that the specific steps and requirements may differ based on your country's GST regulations are some crucial steps in this process.

Value-added tax (VAT) and goods and services tax (GST) are similar taxes that are levied on the sale of goods and services. Both VAT and GST are also indirect taxes, which means that they are collected by businesses and then passed on to the government as part of the price of the goods or services.

In general, goods and services tax (GST) is paid by the consumers or buyers of goods or services. Some products from the agricultural or healthcare sectors may be exempted from GST depending on the jurisdiction.

Registering for GST is beneficial as it simplifies taxation, reduces several different taxes into one straightforward system. It cuts down on tax avoidance among businesses and reduces corruption as well.