GST Registration Online

Do you want to perform GST registration in India? Are you in need of complete information about GST registration in India? If yes, then you are at the proper place. One Click Business Solutions Private Limited is the number one business services provider in India. We deal with GST Registration process at low fees with highly experienced consultant, annual compliance and other services. Let us have a step-by-step guide to explain GST Registration Process Online Solutions.

According to the GST law, every individual including company, LLP and others need to complete GST registration whenever Threshold limits of total turnover for exemption from registration and payment of GST for the suppliers of goods is Rs. 40 lakhs and Rs. 20 lakhs (in the States of Manipur, Arunachal Pradesh, Mizoram, Meghalaya, Nagaland, Sikkim, Telangana, Puducherry, Tripura and Uttarakhand) with effect from 01.04.2019.

The following classes of taxpayers will get exemption from getting registration :

 Suppliers of services, with turnover up to Rs. 20 lakh, involved in inter State supplies

 Suppliers of services, having turnover up to Rs. 20 lakh, involved in supplies through e-commerce platforms

 Taxpayers may select for numerous registrations within a State/Union territory regarding multiple places of business situated within the same State/Union territory.

 Compulsory registration is needed for only those e-commerce operators who are needed to collect tax at source.

 Registration will be provisionally suspended while cancellation of registration is under process, so that the taxpayer gets relief of continuous compliance as par the law.

 Revocation of cancellation of those registration which were cancelled till 31.03.2019, has been approved. Filing of the application for revocation can be done till 22.07.2019.

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When GST Registration is Mandatory?

When GST registration becomes mandatory, there are a lot of cases comes under GST. Now let us go through a few cases where GST registration is compulsory for every individual even when they earn Re. 1 turnover. Let us go through the detail of GST registration :

 Selling on E-commerce –
If commodities are to be sold on Flipkart or Amazon then GST registration is mandatory.

 Export Cases –
In case you are involved in export of goods and services, GST registration is compulsory.

 Inter State Supply –
If you perform inter state supply then GST registration is mandatory.

 Reverse Charge –
In case reverse charge mechanism is applicable, then it is compulsory to perform GST registration process.

 Non Resident Taxable Person –
It is compulsory for a non resident taxable person to do GST registration in India.

 Casual Taxable Person –
Casual taxable person requires a compulsory GST registration in India.

 Crossing the Threshold –
If turnover of an individual within state exceeds 20 lakh, then he must do GST registration.

 Input Service Distributor –
An input service distributor must do GST registration in India.

Required Documents For GST Registration

Documents for GST registration of individuals and sole proprietors

 Mobile no and email ID

 Aadhaar card of owner

 PAN card of owner

 Photograph of ownr

 Bank account details

 Proof of address

Documents for GST registration documents of Partnerships and LLP

 Mobile no and email ID

 Partnership deed

 Address proof of partners involved

 Aadhaar card of any authorised signatory

 PAN cards of partners

 Signatory’s proof of appointment

 Photographs of partners

 LLP proof of registration

 Principal address proof of Business

 Bank details

Documents for GST Registration documents of Hindu Undivided Families (HUFs)

 Mobile no and email ID

 PAN card of HUF

 PAN card of Karta (patriarch of family)

 Photograph of Owner

 Principal address proof of business

 Bank detail

Documents for GST registration of Companies

 Mobile no and email ID

 Incorporation certificate from the Ministry of Corporate Affairs

 PAN card of Company

 Memorandum/ Articles of Association

 PAN card of Signatory

 Appointment proof of signatory

 PAN card of all directors

 Aadhaar card of Signatory

 Bank details

 Address proof of all directors

 Principal address proof of Business

PARTS OF GST

CGST – Central Goods & Services Tax is collected by the Central Government when an intra-state sale is done.

 SGST – State Goods & Services Tax is collected by the State Government when there is an intra-state sale.

 IGST – Integrated Goods & Services Tax is collected by the Central Government on any inter-state sale.

Step by Step GST Registration Procedure

Step 1 – Provide One Click Business Solutions with the required details and information about the business

 Step 2 – Select a package and make online payment with different available modes for payment

 Step 3 – On placing an order, an application will be allocated to our experienced professionals

 Step 4 – We have experts to examine accuracy of the documents carefully and file application form of GST

 Step 5 – We have qualified experts to make regular follow up with government department to process GST application online

 Step 6 – On getting GSTIN, GST certificate will be provided by us.

Advantages of GST Registration

 Saving more Money

Applicability of GST has resulted removal of double charging in the system for a common man. During this, the price of goods and services has decreased and assisting the common man saving more money.

 Removal of Multiple Taxes

One of the advantages of GST is the removal of various indirect taxes that are present earlier. Various taxes have been changed. Taxes like octroi, excise, service tax, sales tax, turnover tax, CENVAT and others are not pertinent anymore and all those have come under common tax known as GST.

 Cascading Effect Reduction

From manufacturing to consumption, GST is valid to all stages. It offers tax credit advantages at each stage in the chain. In the earlier situation, at every stage, the margin used to get added and tax was paid on the complete amount. Under GST, the businesses are getting advantage of tax and Input Tax Credit is being paid on the amount of value addition only. GST has decreased the cascading effect of tax thus reducing the price of the product.

 Ease of business

GST includes the concept of “One Nation One Tax”. That harmful competition that was present among the States once has benefited businesses want to perform interstate business.

 Reduction in Tax Evasion

Goods and services tax is a single tax that incorporates a variety of earlier taxes and has made the method competent with fewer chances of dishonesty and Tax Evasion.

 Enhanced Employment

As GST has decreased the cost of products, the demand, for some – if not all, products have enhanced. With the enhanced demand, to meet the increase in supply, the employment graph has begun going up.

 Enhanced in GDP

Higher the demand, higher will be the production. This causes in more Gross Domestic Product (GDP).

 Enhanced Competitive Product

Manufacturing has become more competitive with GST, removing the cascade effect of the tax, high logistics cost and inter-state tax. Getting competitive as GST will deal with the cascading effect of the tax, higher log benefits and inter-state tax to the businessman and consumer.

 Raise in Revenue

Under the GST rule, 17 indirect taxes have been changed into a single tax. The increase in product demand denotes higher tax revenue for state.

Penalties Involved Under GST Act

Not having GST Registration – 100% tax unpaid or Rs. 10,000 whichever is higher

 Not giving GST invoice –  100% tax unpaid or Rs. 10,000 whichever is higher

 Wrong Invoicing –  Rs. 25,000

 Not filing GST Tax Returns –  For Nil Return, Rs 20 per Day, Regular Returns, Rs 50 per Day

 Choose Composition Scheme even if not eligible –  100% tax unpaid or Rs. 10,000 whichever is higher

Who Should Register for GST?

 Individuals registered under the Pre-GST law (i.e. VAT, Excise, Service Tax and others)

 Businesses with earnings more than threshold limit of Rs. 40 Lakhs* (Rs. 10 Lakhs for North-Eastern States, Himachal Pradesh, J&K and Uttarakhand)

 Casual taxable individual / Non-Resident taxable individual

 Agents of a seller and Input service distributor

 Those paying tax according to the reverse charge mechanism

 Individual who delivers through e-commerce aggregator

 Each e-commerce aggregator

 Someone offering online information and database access or retrieval services from a place outside India to an individual in India except a registered taxable individual

 CBIC has reported the increase in threshold turnover from Rs 20 lakhs to Rs 40 lakhs. The announcement is supposed to be effective from 1st April 2019.