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Goods and services Tax Registration (GST)

{Applicable on businesses registered under central or state tax laws like VAT, central excise, service tax etc. and other businesses within threshold limits}

3540 all inclusive

With the approval of the constitution bill for Goods and Services Tax by the president and ratification of the same by more than 50% of state legislatures, GST is now a reality. It is poised to be the biggest tax reform in Indian history with an underlying idea to create a single and comprehensive Indian market to make economy stronger and powerful.

 

Meaning

Goods and services tax (GST) is a single tax applicable on manufacture, sale and consumption of goods and services. With introduction of GST, all indirect taxes levied on goods and services by various states across India will be replaced with one common tax called GST. It is proposed to be levied at all stages beginning from manufacture till final consumption with credit of tax paid at previous stages available as a set-off. Basically, GST will combine all existing indirect taxes like central excise, service tax, VAT, entry tax, entertainment tax etc. under one platform.

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Benefits

GST is stated to bring following benefits for various stakeholders-

  • uniformity of tax rate & structure
  • reduction in cascading effect of taxes
  • widened tax base will bring tax rates down
  • robust movement of input tax credit
  • increased competitiveness of Indian goods & services in global markets
  • reduction in prices of goods & services
  • strong and powerful economy

Package Includes

application drafting

preparing/ arranging all documents

filing all forms/applications

Documents

For registration following documents are required-

 

Common documents for all businesses

  • Provisional user ID & password received from State/ Central tax authorities
  • Valid E-mail Address
  • Valid Mobile Number
  • Bank Account details
  • Bank IFSC code

Specific Documents

Proprietor

In case of proprietorship form of business, following documents of proprietor are required in addition to common documents mentioned above for GST registration-

  • proof of constitution of business
  • copy of PAN card
  • 1 passport size photograph
  • ID/ address proof
  • DSC of proprietor 
  • address proof for place of business

Partnership & LLP

In case of partnership firm and LLP, following documents of partners/ firm are requiredin addition to common documents mentioned above for GST registration-

  • copy of partnership deed/ LLP Agreement 
  • copy of PAN card of firm & partners
  • 1 passport size photograph of all partners 
  • ID/ address proof of all partners
  • address proof for place of business 
  • DSC of authorized partner
  • authorization letter in favour of applicant partner

 Company

In case of company like OPC, private and public, following documents of company/ directors are required in addition to common documents mentioned above for GST registration-

  • copy of certificate of incorporation 
  • copy of MOA & AOA of company
  • copy of PAN card of company & directors 
  • 1 passport size photograph of all directors
  • ID/ address proof of all directors 
  • registered office address proof
  • board resolution for authorization 
  • DSC of authorized director

Trust/ Society & Section 8 Company

In case of trust, society and section 8 companies, following documents of company/ directors are required in addition to common documents mentioned above for GST registration-

  • copy of certificate of incorporation 
  • copy of MOA & bye laws
  • copy of PAN card of organization&members 
  • 1 passport size photograph of all members
  • ID/ address proof of all members 
  • place of business address proof
  • authorization in favour of a member 
  • DSC of authorized member

 

Registration

Registration under GST is mandatory for every entity currently registered under any state or central laws, like central excise, service tax, VAT, entry tax, entertainment tax, taxes on lottery etc. Further, such entities with turnover in any financial year exceeding Rs. 20 lakh (Rs. 10 lakh in case of entities situated in north eastern states) and businesses engaged in e-commerce and inter-state supply of goods and services are mandatorily required to be registered.

Understanding GST

Meaning

It is a single tax applicable on manufacture, sale and consumption of goods and services starting from manufacturer till consumer. With introduction of GST, all indirect taxes levied on goods and services by various states across India will be replaced with one common tax called GST.

Goods & services on which it is applicable

GST is applicable on manufacture, sale and consumption of goods and services except those services which are mentioned in the exemption list.

When is registration required

Registration under GST is mandatory for every entity currently registered under any state or central laws, like central excise, service tax, VAT, entry tax, entertainment tax, taxes on lottery etc. Further, such entities with turnover in any financial year exceeding Rs. 20 lakh (Rs. 10 lakh in case of entities situated in north eastern states) and businesses engaged in e-commerce and inter-state supply of goods and services are mandatorily required to be registered.

Who needs to pay GST

GST will be paid by manufacturer, wholesaler, retailer and the consumer.

Is there a concept of deemed enrollment under GST

No, there is no deemed enrolment under GST. All the taxpayers registered under any of the tax law as specified above are required to enroll themselves at the GST Common Portal.

Whether existing taxpayers are required to register separately with central and state authorities under GST

Enrolment under the GST is common for both Central GST and the State GST. There will be common registration, common return and common Challan for Central and State GST. Hence, any existing taxpayer who wants to seek enrolment under the GST Act needs to apply only at the GST Common Portal.

What if an entity has multiple businesses in same state under same PAN no.

As one PAN allows one GST Registration in a state, such an entity can register one business entity first. For the remaining business verticals within the state, the entity needs to get in touch with the concerned jurisdictional authority.

Note :-

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