Goods and Services Tax commonly known as GST has subsumed all the indirect taxes such as CST, Service Tax, Excise Duty and so forth. Moreover, every enterprise whose turnover exceeds the prescribed threshold limit needs to obtain GST Registration.
GST has 3 tax components namely:
CGST and SGST are levied on the intrastate transaction whereas IGST is levied on the interstate transaction.
Any enterprise that is involved in buying and selling the goods or services has to compulsorily obtain the GST registration when their turnover exceeds the turnover limit of 40 Lakhs INR. Any business who is carrying out any interstate sale needs to obtain the GST Registration too. Similarly, any taxable person making taxable supplies on behalf of another taxable person (agent or broker) needs to enroll himself or herself under GST. Any e-commerce sellers or aggregators need not register under GST if their total sales do not exceed 20 Lakhs INR.
Here is the list of documents like electricity bill for GSt registration and others that are required by the different types of taxpayers
Proof of appointment of authorized signatory- letter of authorization
Note: The following things can be used as address proof
A person whose turnover exceeds the threshold limit of 40 Lakhs (20 Lakhs in case of special categorized states) is required to obtain the GST registration.
A person has to obtain a composition scheme in case if their turnover exceeds 1.5 Crore INR.
Every person who is registered as a casual taxable person is required to obtain the GST Registration irrespective of the aggregate annual turnover. Moreover, a casual taxable person is required to furnish the GST Registration application at least 5 days before the commencement of the business.
Here is the detailed guide on how we prepare your GST Application: 1. Filing of GST Application One of our representative will collect all the required documents, your GST application will be processed and filled. After which an Application Reference Number will be issued. 2. GST Registration Certificate Once the GST application and other documents are verified, the GST registration certificate and GSTIN will be issued. It shall be noted that only the soft copy of the GST Certificate can be downloaded from the GST Portal, no hard copies of the certificate are issued. 3. Penalties for GST Registration Failure There is a penalty for all the taxpayers who fail to register for GST according to Section 122 of the CGST act. 4. GST Voluntarily Registration Any enterprise that is not required to obtain GST registration can voluntarily apply for the same.
1. We have active client support that assists you through the GST registration process
2. We provide regular updates about the GST registration process until it is completed
3. No physical visit to the office completely online GST registration application
4. Dedicated expert to process your end to end GST registration application
No, you need not be present physically at the time of GST registration, as Masters India provides the GST registration service online. You just need a system and an internet connection to obtain the GST registration. We will carry out all the GST registration process on your behalf irrespective of area.
ARN is an acronym for Application Reference Number that acts as a proof that your GST registration application is successfully uploaded on the GST server. ARN is generated after uploading all the documents required.