GST Registration

GST registration is required by persons who are engaged in the business and offer products or services to its customer. This is registration required under the Central Goods & Services Act 2017 and Integrated Goods & Services tax Act 2017. Although not all persons are liable for registration, we will dwelve in requirement of registration and exemption from registration, Documents required for registration in upcoming paragraphs.

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Who needs to get GST Registration?

  1. Any business entity which is engage in supply of goods and whose aggregate turnover exceeds Rs.40 lakh in normal category states and Rs.20 lakh in special category states.
  2. Any business entity which is engage in supply of service and whose aggregate turnover exceeds Rs.20 lakh in normal category states and Rs.10 lakh in special category states.
    3. (Special category of states are Arunachal Pradesh Assam Jammu & Kashmir Manipur Meghalaya Mizoram Nagaland Tripura Sikkim Uttarakhand. However there are two special category states named Jammu & Kashmir and Assam which opted for threshold limit of Rs.40 lakh in respect of goods NOT Rs.20 lakh AND there is a normal category state Puducherry which opted for threshold limit of Rs.20 lakh in respect of goods NOT Rs.40 lakh)
  3. A person making inter-state supply of goods or services or both.
  4. Casual Taxable Person.
  5. Non-resident taxable person.
  6. Agent of the supplier.
  7. When a business is transferred to someone or when a business is demerged
  8. Person paying tax under RCM.
  9. E-commerce operator or aggregator.

Benefits of Registration

  1. Many banks offer working capital loans based on turnover reported in GST returns.
  2. Entity will be eligible for many subsidy schemes provided by both central and state governments.
  3. Registered Person can claim credit of taxes paid on purchases which will not impact his cost of goods sold.
  4. More competitive as the tax collected on supply of goods does not become a cost to the purchaser.
  5. Eligible to make interstate supply of goods and services.
  6. 6. More reliable books of accounts & proper compliance due to filing of GST returns time to time.

What other documents required for GST registration?

The documents required for registrations vary depending on the type of business. Broadly below documents would be required for registration. If you have any doubts in registrations, get clarified through free consultation with us.

  1. PAN Card of your business
  2. PAN of the person who is authorized
  3. Aadhar Card of the Applicant to use for Aadhar authentication
  4. Photograph of the Applicant
  5. Identification evidence of the applicant such as DL or ID card for voters.
  6. ID The proof of address for the applicant such as DL or Voter ID
  7. Document for business registration or incorporation certificate.
  8. Evidence of business location such as Rent Agreement

Frequently Asked Questions on GST Registration

A person should take a Registration, within thirty days from the date on which he becomes liable to registration. A Casual Taxable person and a non-resident taxable person should however apply for registration at least 5 days prior to commencement of business.

No. Every person will have to get registered separately for each of the States where he has a business operation and is liable to pay GST in respective states.

Yes. A person having multiple business verticals in a State may obtain a separate registration for each business vertical.

Yes. A person, though not liable to be registered under Section 22 may get himself registered voluntarily, and all provisions of this Act, as are applicable to a registered taxable person, shall apply to such person.

Yes. Every person shall have a Permanent Account Number in order to be eligible for grant of registration. However as per the proviso to the aforesaid section 25(6), a person required to deduct tax, may have, in lieu of a PAN, a Tax Deduction and Collection Account Number in order to be eligible for grant of registration. Also, PAN is not mandatory for a Non-Resident taxable person who may be granted registration on the basis of any other document as maybe prescribed.

Yes

Yes.

Yes, the cancellation of registration under one Act (say CGST Act) shall be deemed to be a cancellation of registration under the other Act (i.e. SGST Act). (Section 29 (4))

No, the tax paper has to take separate registration in every state from where he makes taxable supplies.

No, a Job worker is a supplier of services and will be obliged to take registration only when his turnover crosses the prescribed threshold of 20/10 Lakhs.

Tax payers would have the option to sign the submitted application using valid digital signatures. There will be two options for electronically signing the application or other submissions- by e-signing through Aadhar number, or through DSC i.e. by registering the tax payer’s digital signature certificate with GST portal. However, companies or limited liability partnership entities will have to sign mandatorily through DSC only. Only level 2 and level 3 DSC certificates will be acceptable for signature purpose.