Goods and services tax (GST), the biggest tax reform in India was introduced on July 1, 2017. Various taxes (service tax, VAT, Excise duty, entertainment tax etc.) was subsumed in one tax called GST. GST is multi stage, destination based tax which is charged on every stage with benefit of setoff of previous tax paid (input tax credit). Hence we can say that GST is charged in every stage but ultimate burden of tax is borne by consumer. Under the GST Regime, all the entities involving in supply of goods or services or both in India are required to register for GST based on some criteria prescribed in the law. GST registration allows you to collect GST from customers and deposit it to government. If your business is not registered in GST as per the law, then heavy fines/ penalties will be imposed. Following persons are required to be registered compulsory:
GST REGISTRATION
| Turnover based registration |
|
| E-commerce Business | GST Registration is mandatory for every E-commerce business (amazon, flipkart etc.) and every seller supplying goods or services through these e-commerce operators. |
| Supply of goods/ service to other state (Inter State) | Every interstate supplier of goods or services must get GST registration. |
| Casual Taxpayer | If taxpayer supply goods or services in events or exhibitions and do not have any permanent place of business then he must get register before starting the business. The validity of such GST registration would be 90 days. |
| Taxpayer under previous laws | All the taxpayers who were registered under previous laws like VAT, service tax etc. then they are required to register under GST. |
| Non-resident Indian taxpayers | NRI taxpayer must get GST registration regardless of turnover. |
| Person involve in supply of OIDAR services | For supplier of online information and database access or retrieval services from outside India, GST Registration is mandatory. |
| Reverse charge mechanism | Businesses which are required to pay taxes under reverse charge mechanism then they also need to get register under GST. |
| Input service distributor (ISD) | To get and distribute the benefits of input tax credit, every input service distributor needs GST registration. |
Note: Specified states- Arunachal Pradesh, Assam, Himachal Pradesh, Jammu and Kashmir, Manipur, Mizoram, Meghalaya, Nagaland, Tripura and Uttarakhand.
At Tax Shooter, we offer assistance at every step and assure seamless solutions. Contact us today to know more.
Procedure for GST Return Filing
1. Just Fill our simple Form
Click HERE. You are required to fill all your details in questionnaire form.
2. Get a Call from us
Our Authorized representative will call you after receiving your request and will inform you about procedure and required documents
3. Submission of Documents
You are supposed to submit all the required documents and we will file them with GST Department on your behalf and immediately ARN will be generated
4. Congratulations
Your GST registration Certificate once issued will be sent to you via email and courier.
You will receive login credentials for GST portal on email from GST Department.
Frequently Asked Questions
Goods and services tax identification number (GSTIN) is the registration number issued in GST by GST authorities. It consists of 15 alphanumeric digits. Example of GSTIN- 09XXXXX0000X2ZJ
| 09 | XXXXX0000X | 2 | ZJ/th> |
|---|---|---|---|
| It represents the state code in which Business is situated. For example 09 is state code of Uttar Pradesh. | It represents Permanent Account Number (PAN) of business. | This digit represents number of GST registration within state. | These are just random digits. |
No, there is no requirement of digital signature for proprietorship and partnership firm while applying for GST registration but for company and LLP, digital signature is mandatory for GST registration.
Do we need separate GST registration for different states if we operate business in multiple states?
Yes, for each state you are required to obtain GST registration. Accordingly different login credentials for GST portal will be issued and hence you are required to furnish GST returns for each registration obtained.
The following persons are not eligible for composition scheme:
- Service providers other than restaurant service providers
- Interstate supply of goods
- E-commerce operators and seller of goods through e-commerce platform
- Supplier of non-taxable goods, exempted goods or services
- Casual taxable person
- Non-resident taxable person
A person must register for GST within 30 days from the date on which he becomes liable to registration. A casual taxpayer and a non-resident taxpayer must register at least 5 days prior to commencement of business.