GST Registration

GST Registration

GST is a single indirect tax to replace multiple levies, right from manufacturer/ supplier to consumer and mandatory to those businesses who come under these conditions :

  • Sales Turnover : More than 20 Lack
  • Nature of Business : Interstate, E-commerce
  • Existing Taxpayers : VAT, Service Tax etc

Know more details:

Who have to apply for GST Registration

Business with above
2 lack Rupees per year
Business registered under VAT, Service/ Excise Tax etc
Online Software/ services
Ecommerce Business
Business which drives
interstate supply of goods

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Get Your GSTN in Just 5 Steps

Mandatory Documents Needed For GST Registration

  • Company / Proprietor Documents: Address Proof, Bank Details etc.
  • Director / Owner Documents: PAN Card, Aadhaar Card, ID Proof etc.
  • Registered Office Documents: Office Address Proof, Electricity bills etc.

 


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Understand the GST Identification Number

GSTIN is a 15 digit long state-wise PAN-based Goods and Services Taxpayer Identification Number.

It carries following significant details :

  • The first two digits of GSTIN represent the state code according to Indian Census 2011.
  • The next ten digits of GSTIN the PAN number of the taxpayer.
  • The 13th digit indicates the number of registrations an entity has within a state for the same PAN.
  • The fourteenth digit currently has no use and therefore it is “Z” by default.
  • The last digit will be a check code which will be used for detection of errors.

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FAQs

My turnover is below Rs.20 Lakhs, do I need to register for GST?

The traders supplying goods to other states will need to register under the Goods and Services Tax (GST) even if their turnover is below Rs 20 lakhs. Ecommerce businesses also come under this category.

Can I apply for a single GST registration if I have business establishment in different states?

No. An entity operating in multiple states will have to get registered separately for each of the States from where taxable supply of goods or services is made.

Why is Dual GST is required?

India is a federal country where both the Centre and the States have been assigned the powers to levy and collect taxes through appropriate legislation. A dual GST will, therefore, be in keeping with the Constitutional requirement of fiscal federalism.

What is the scope of composition scheme under GST?

Small taxpayers with an aggregate turnover in a financial year up to Rs. 75 lakhs, shall be eligible for composition levy. A taxpayer shall pay tax as a percentage of his turnover during the year without the benefit of ITC.

Can taxable person under composition scheme claim input tax credit?

No, taxable person under composition scheme is not eligible to claim input tax credit.

Is the reverse charge mechanism applicable only on services?

No, reverse charge applies to supplies of both goods and services.

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