Benefits of GST Registration

With the introduction of GST (Goods and Service Tax), it has eliminated multiple indirect taxes like Excise, Octroi, Sales tax, Service tax, CENVAT, Turnover tax etc. and has resulted in the elimination of double charging in the system for a common man.

Completely Online System

The application for GST Registration is completely online which has resulted in “Ease of Doing Business”. Any person willing to get GST Registration now does not have to run after the Govt. Offices which otherwise took much time and money expenses.

One Nation, One Taxation

GST has brought the concept of “one country one tax”. It will prevent unhealthy competition among states and will be beneficial to do inter-state business anywhere in India including Jammu & Kashmir. 17 indirect taxes have been replaced with a single tax. It helps in regularization of unorganized sector.

Reduction in Tax Evasion

Goods and Services Tax is a single tax structure which includes in itself various taxes to make the indirect taxation system efficient and effective with lesser chances of Corruption and Tax Evasion.

More Competitive Product

It will make manufacturing more competitive as GST will address the cascading effect of the tax, inter-state tax and high logistics cost. This will be very beneficial to the businessman as well as consumer and products coming in the market would be viable. Your business will be more competitive as compare to non-registered business, being Tax credit available for all tax payment made for purchases

Mandatory for E-commerce

If you are having an existing business and want expansion of business through E-Commerce, it is must to get GST Registration. Non-registered firms are not eligible to for business through popular E-Commerce websites like Flipkart, Amazon, Paytm etc.

Government Tender Participation

GSTIN is compulsory for participation in maximum Government tenders. In the absence of GST registration, your business will not be able to participate in the tenders.

Eligibility Criteria for GST Registration

Every Business and profession related to any activity whether Purchase, Sale, Import, Export, Trade or Service are eligible for GST Registration.

If your business turnover exceeds Rs. 40 lakhs (Rs 10 lakhs for North-East states, J&K, Himachal Pradesh, and Uttarakhand), the business needs to register under the GST Regime. For service sector, it continues to be Rs. 20 lakhs.

Earlier the threshold of Rs. 40 lakhs used to be Rs. 20 lakhs when GST came into role in India from July 1, 2017. CBIC notified the increase in threshold turnover from Rs 20 lakhs to Rs 40 lakhs. The notification has come into effect from April 1, 2019.

Goods and Services Tax is a consolidated indirect tax policy that encompasses VAT, CST, Service Tax, Central Excise duty, Entertainment Tax, etc. and is valid all over India with effect from July 1, 2017

For certain business types, registration under GST Law is compulsory:

1. Persons making any inter-State taxable supply
2. Casual taxable persons making taxable supply
3. Persons who are required to pay tax under reverse charge
4. Person who are required to pay tax under sub-section (5) of section 9
5. Non-resident taxable persons making taxable supply
6. Persons who are required to deduct tax under section 51, whether or not separately registered under this Act
7. Persons who make taxable supply of goods or services or both on behalf of other taxable persons whether as an agent or otherwise
8. Input Service Distributor, whether or not separately registered under this Act
9. Persons who supply goods or services or both, other than supplies specified under sub-section (5) of section 9, through such electronic commerce operator who is required to collect tax at source under section 52
10. Every electronic commerce operator
11. Every person supplying online information and data base access or retrieval services from a place outside India to a person in India, other than a registered person
12. Such other person or class of persons as may be notified by the Government on the recommendations of the Council

If the organization carries on its business operations without GSTIN, the business will be under default and it will cause an offence under GST Regime and heavy penalties will apply.

Documents Required for GST Registration

The following documents for GST Registration are generally required along with business information depending on the sales and/or services rendered by the Business Entity:

• PAN of the Applicant or Business
• Aadhaar Card of Proprietor/Partner/Director
• Proof of business registration or Incorporation certificate
• Identity and Address proof with Photographs
• Address proof of the place of business
• Bank Account Statement/Cancelled Cheque
• Digital Signature Certificate
• Letter of Authorization/Board Resolution for Authorized Signatory

BELOW ARE SPECIFIC DOCUMENTS REQUIRED DEPENDING ON THE ENTITY TYPE

For Company:

1. Copy of PAN Card
2. Copy of Certificate of Incorporation
3. Copy of PAN and Aadhaar of every Director
4. Copy of Address Proof
5. Rent Agreement/Title Deed
6. Electricity Bill/ Municipality Receipt etc

• No objection certificate from Owner of the premises

1. Digital Signature Certificate of any one director
2. Description of Business activity
3. Mobile Number and Email Id of company
4. Mobile Number and Email Id of every Director
5. Photograph of every Director

For Partnership Firm

1. Copy of PAN Card
2. Copy of Partnership Agreement
3. Copy of PAN and Aadhaar of every partner
4. Copy of Address Proof
5. Rent Agreement/Title Deed
6. Electricity Bill/ Municipality Receipt etc

• No objection certificate from Owner of the premises

1. Description of Business activity
2. Mobile Number and Email Id of Firm
3. Mobile Number and Email Id of every Partner
4. Photograph of every Partner

For Proprietorship Firm

1. Copy of PAN Card and Aadhaar of Proprietor
2. Copy of Address Proof
3. Rent Agreement/Title Deed
4. Electricity Bill/ Municipality Receipt etc

• No objection certificate from Owner of the premises

1. Description of Business activity
2. Mobile Number and Email Id of Proprietor
3. Photograph of every Proprietor

How to apply for GST Online?

GST Application is completely an online process at www.gst.gov.in. However, it can be summed up in below 4 steps:

1. Arrangements of all documents as mentioned above
2. Authorisation to Compliance Calendar or its representative to file the Registration form
3. Filing of Application form for Registration
4. Obtaining certificate of Registration of GST

LET US KNOW IN DETAIL

After receiving the Documents and required information depending on the type of sales and/or services, the GST Application Process starts on the GST Portal. We will file your application online and provide you ARN number immediately. Once the GST application and the attached supporting documents are verified by the backend Officer of the GST Portal, GSTIN and GST Certificate is generated which is sent to you by CCL Team.

DOWNLOAD

This section is to help you download some important documents that will help you to move GST Application Faster.

• Details Required for GST Application
• Letter of Authorization
• Board Resolution for GST
• GST Invoice Formats