Rs. 1947/- (All Inclusive)
Goods and Services Tax (GST) was introduced in India with effect from 1st July, 2017. GST is a multi stage, destination oriented indirect tax and it has replaced multiple indirect taxes like excise duty, VAT, Service Tax etc. The Goods and Services Act was passed by the Indian Parliament on 29th March, 2017 and it was implemented on 1st July, 2017.
It takes 5 to 7 working days to obtain GST registration with the help from Ofin. On receipt of your request for registration an expert for GST Registration will reach out to you and consult you on your GST Registration and documentation. The process for GST Registration is totally online, you do not need to visit the department or our office. However, in some cases the GST officer may visit your place of business to verify the same.
How much does it cost for GST Registration?
What is GST Registration turnover limit?
GST Registration is mandatory for a business providing services or selling goods beyond a threshold limit of turnover as notified by the Government. However GST Registration can also be obtained by any entity voluntarily irrespective of its turnover.
Any service provider who is providing services of more than Rs. 20 lacs in aggregate is compulsorily required to obtain GST Registration. This threshold limit of Rs. 20 lacs is further reduced to Rs. 10 lacs in special category states.
Supplier of Goods:
Any supplier of goods who is supplying goods worth more than Rs. 40 lacs is compulsorily required to obtain GST Registration. Earlier the limit for mandatory registration under GST was Rs. 20 lacs which was increased to Rs. 40 lacs in the 32nd GST Council meeting held on 10th January, 2019.
However, to be eligible for the limit of Rs. 40 lacs of turnover, the dealer must fulfill certain conditions as mentioned below:
- The dealer must not be providing any services;
- The dealer must not be dealing in tobacco, pan masala and ice creams;
- The dealer must not be engaged in intra-state supplies in the states of Arunachal Pradesh, Sikkim, Meghalaya, Manipur, Nagaland, Tripura, Mizoram, Telangana, Puducherry and Uttarakhand.
If the above conditions are not fulfilled, the dealer must register if the turnover crosses Rs. 20 lacs and Rs. 10 lacs in case of special category states.
Special category states:
States of Arunachal Pradesh, Assam, Jammu Kashmir, Mizoram, Nagaland, Sikkim, Meghalaya, Manipur, Tripura, Himachal Pradesh and Uttarakhand are assigned status of special category states under GST.
What is GSTIN?
Goods and Services Tax Identification Number (GSTIN) is a 15 characters registration number provided to the registered entities. The 15 characters includes the state code followed by PAN of the business entity. Last three characters includes the number of GST registrations under the same PAN within the state and check code.
Types of GST Registrations
There are different types of GST Registrations like regular, casual taxable person, e-commerce operators and non-resident taxable person. The threshold limit of Rs. 40 lacs (Rs. 20 lacs for service providers) does not apply to casual taxable person, e-commerce operators and non-resident taxable person.
Casual Taxable Person:
A casual taxable person means a person who undertakes transactions involving selling of goods or services or both in course of furtherance of his business, in a State or Union Territory where he does not have a fixed place of business. For example, when a business participates in an exhibition outside the state in which it is registered under GST, it becomes casual taxable person and it has to register as a casual taxable person in that state.
As per section 2(45) of the CGST Act, 2017, any person who owns, operates or manages digital or electronic facility or platform for ecommerce is an e-commerce operator (ECO). In short, any person selling through internet is termed as e-commerce operator and has to register under GST irrespective of its turnover.
Non-resident taxable person:
A non-resident taxable person is any person who occasionally undertakes transactions involving supply of goods or services or both in India but does not have any permanent business or residence in India. There is no threshold limit for registration of a non-resident taxable person. A non-resident taxable person cannot exercise option to pay tax under composition levy. The non-resident taxable person has to apply for registration minimum five days prior to commencing business in India. The non-resident taxable person can apply for GST registration in India using his valid passport (Permanent Account Number – PAN is not necessary). A non-resident taxable person has to submit the application with its tax identification number or unique identification number on the basis of which it is identified by the Government of that country. Further, the non-resident taxable person needs to deposit tax in advance based on its estimated tax liability.
Documents Required for GST Registration
|Limited Liability Partnership
|Pvt. Ltd. / OPC / Public Ltd.
FAQs on GST Registration
GST registration is mandatory for a business involved in supply of goods and having turnover of more than Rs. 40 lacs (Rs. 20 lacs in special category states). If a business is involved in supply of services, it is mandatory for it to register when turnover exceeds Rs. 20 lacs (Rs. 10 lacs in special category states). All the e-commerce operators are required to register under GST irrespective of their turnover.
Any business who is liable to get itself registered under GST based on turnover, must register within 30 days of meeting criteria.
Yes, PAN is mandatory for registration under GST. However, for non-resident taxable person, PAN is not mandatory. The non-resident taxable person can apply for GST with the tax identification number or unique identification number of its country.
A GST registration does not have expiry. A GST Registration once obtained will be valid until it is cancelled by the dealer or there is a suo motu cancellation of GST by the department because of non filing of returns.
Input Tax Credit – ITC means the Goods and Services Tax (GST) paid by the dealer in for purchase of goods or services used in furtherance of its business. ITC can be reduced from the GST payable on sales by the dealer on fulfillment of certain conditions.
An e-way bill is electronic way bill for movement of goods which is to be generated from the eWay bill portal. A GST registered dealer cannot transport goods whose value exceeds Rs. 50000/- without generating e-way bill through ewaybillgst.gov.in.
As per section 138 of the CGST Act, 2017, an e-way bill should be issues prior to commencement of movement of goods.
E-way bill must be generated by the registered dealer for movement of goods of more than Rs. 50000/-. In case of supply of goods by an unregistered dealer to a registered dealer, the registered dealer is required to generate e-way bill. In case the e-way bill is not generated by the dealer the transporter needs to generate the e-way bill.
Small businesses registered under GST composition scheme are allowed to pay a fixed percentage of turnovers every quarter.
Any tax payer who has not crossed turnover of Rs. 1.5 crores in preceding financial year is eligible for composition scheme. However, restaurants, casual taxable persons, non-resident tax payers are not eligible for composition scheme.
No input tax credit can be claimed by the dealer who has opted for composition scheme.
The inter-state supply under GST means supply of Goods or Services from one state or union territory to another. Inter-state supply under GST also includes supply of Goods or Services to SEZ or export of goods or services. In case of inter-state supply of goods, the dealer is required to pay Integrated Goods & Service Tax (IGST).
Intra-state supply of goods and services means supply of goods and services within the state or union territory in which the dealer is registered.
Integrated Goods and Service Tax (IGST) is levied in case of inter-state supply of goods or services. Further, IGST is also applicable in case of import and exports of goods or services in India or from India.