GST Registration

GST Registration
GST is a tax based on consumption that is applied to the supply of goods and services. It has replaced multiple indirect taxes such as excise duty, service tax, and value-added tax (VAT) to simplify the taxation system in India. By registering for GST, businesses can claim input tax credits on their purchases and reduce their overall tax liability. Additionally, it helps create a transparent and unified taxation system across the country.
Documents required for GST registration

LLP and Partnership Firms

  • Partners’ address proof
  • Bank details
  • Partners’ PAN card
  • Deed declaring partnership
  • Partners’ photograph
  • Proof of registration for the LLP
  • Principal address proof for the business
  • Proof of appointment for the signatory authority
  • The authorised signatory’s Aadhaar card

Sole proprietor / Individual

  • PAN card of the owner
  • Aadhar card of the owner
  • Photograph of the owner 
  • Bank account details
  • Address proof

HUF

  • PAN card of HUF
  • PAN card and Aadhar card of Karta
  • Photograph of the owner 
  • Bank account details
  • Address proof of principal place of business

Companies

  • PAN card belonging to the company
  • PAN card of all company directors
  • Company’s primary address proof
  • Company’s bank account details
  • Proof of signatory’s appointment
  • PAN card belonging to the signatory
  • Articles of Association and Memorandums
  • Signatory’s Aadhaar card
  • Incorporation certificate from the Ministry of Corporate Affairs.
  • All directors’ address proof
GST registration through business filing

Business filings offer GST registration services in India. The entire Gst registration procedure can be finished in less than seven working days and is entirely online. To begin, all you have to do is enter your name, phone number, and email address to start the online Gst registration procedure. Then, one of our professionals will get in touch with you to learn more about your company's operations and the state in which they are located, as well as to ask any questions they might have. Additionally, we will also gather and check the paperwork needed to apply for online GST registration. The Gst registration procedure starts once the payment is made, and all of the paperwork is then uploaded to the GST registration portal. Within 3 to 7 working days, the applicant can obtain the GST registration. Access to the LEDGERS platform is made available along with the GST registration. A platform for GST invoicing and GST return filing

Benefits of GST Registration
Here are the advantages of GST registration in India: Compliance benefits: GST registration enables businesses to comply with the Goods and Services Tax (GST) regulations in India and avoid penalties. Input tax credit: GST registration allows businesses to claim the input tax credit on the GST paid on purchases, which can reduce the overall tax liability. Increased efficiency: GST registration can lead to increased efficiency in logistics and supply chain management. Composition scheme: Small businesses can choose the composition scheme, which simplifies the tax compliance process and lowers tax liability, if their annual revenue is up to Rs. 1.5 crore. Higher threshold: GST registration allows businesses to avail of a higher threshold for registration, which is Rs. 40 lakhs (Rs. 20 lakhs for states in the special category).

Frequently Asked Question

What is a GST certificate in India?

It is issued to registered taxpayers who have successfully completed the GST registration process. This certificate serves as proof of registration and enables businesses to collect and remit GST to the government. A GST certificate must be obtained by companies with a turnover of more than Rs. 20 lakh per year.

Is the GST better than other tax systems?

The GST system is designed to simplify the tax structure and reduce the burden of multiple taxes on businesses. It is a destination-based tax that ensures fair distribution of revenue among states and promotes ease of doing business in India.

Why is GST registration required?

Businesses with an annual revenue of over Rs. 20 lakh must register for GST. It allows businesses to avail of the input tax credit and also enables them to collect GST from their customers and remit it to the government. 

Does the GST registration process require my physical presence?

No, physical presence is not required for the GST registration process. It can be done through the online GST registration portal or with the help of a GST practitioner. 

What happens if the GST application is rejected?

In case of rejection, the applicant will receive a notice specifying the reasons for rejection and can reapply after addressing the issues. It is important to ensure that all necessary documents and information are provided accurately to avoid rejection.