GST Registration
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Mandatory for business with more than 20 Lakhs turnover
Overview
- Registration: Any person or entity supplying goods or services in India above the aggregate turnover limit is mandatorily required to obtain GST registration.
- Turnover Limit: Limit is Rs.20 lakhs for service providers and Rs.40 lakhs for goods suppliers, except in special category states and subject to the conditions.
- Composition Scheme: Any existing taxpayer whose annual turnover did not cross Rs 1.5 crore threshold or Rs.75 lakhs in the preceding financial year are eligible for composition scheme
Packages
Choose the package that suits you and let us know.
Why you need to file GST Registration?
- Simpler Tax Regime: GST has fewer rates of tax with less exemption further simplifying the tax regime
- Ease Of Doing Business: GST will lead to reduction in compliance costs as you won’t have to keep multiple records for variety of taxes
- Lesser Tax Compliance: If your turnover is less than 1.5 crores, you can opt for composition scheme which has lesser tax compliance and is introduced for small businessman only
- Reduction in Prices: GST helps in reducing the price of goods due to elimination of cascading effect.
- Benefit of ITC: Only a registered person can avail benefit of tax paid on inputs, input services and capital goods.
Talk to a CA to know more!
Steps Involved
Step 1: Receive Documents
Step 2: Application Drafting
Step 3: Review and Changes
Step 4: GST Registration
Documents required
Digital Signature (DSC) of Partners or Directors, in case of LLP and Company only
Copy of passport size photograph of the Proprietor/ Partners /Directors
A copy of PAN Card of business entity
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A copy of Aadhar Card of Proprietor/ Partners/ Directors
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Latest Electricity bill/ Any Tax paid bill/ Municipal Khata Copy
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If place is rented, rent agreement is mandatory, else consent letter is sufficient
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Latest Bank Statement/ Copy of cancelled cheque/ copy of first page of passbook
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Entity should provide registration certificate with MoA- AoA / LLP Agreement or Partnership Deed as applicable