Online GST Registration @ Only ₹199

Are you ready to take your business to new heights in the GST era? Look no further! Our expert GST registration service is here to pave the way for your success.

List of documents required for GST registration

Having these documents ready will streamline the registration process and ensure compliance with tax regulations.

Private Limited Company

Limited Liability Partnership

Individual or Proprietorship

Guide to GST Registration

The Goods & Services Tax (GST), introduced on 1 July 2017, is applicable to all Indian service providers (including freelancers), traders, and manufacturers.

Components of GST

The Goods and Services Tax (GST) is comprised of three tax components:
1. Central Goods and Services Tax (CGST): This is levied by the central government.

2. State Goods and Services Tax (SGST): This is a state component, where both the center and the state levy GST on all transactions within the state.

3. Integrated Goods and Services Tax (IGST): The IGST is levied by the center when a transaction takes place between two states.

Who Needs GST Registration?

Any individual or business entity that fulfills the following criteria needs to register for GST:

1. Engages in taxable supplies of goods or services.

2. Has an annual turnover exceeding the prescribed threshold limit (currently ₹20 lakhs for most businesses).

3. E-commerce operators facilitating the supply of goods and services through their platform.

4. Non-resident taxable persons who occasionally supply goods or services in India.

5. Businesses involved in inter-state supply of goods or services.

6. Input service distributors distributing input tax credit to their branches or units.

7. Casual taxable persons occasionally supplying goods or services in India.

8. Businesses previously registered under the old tax regime (VAT, Service Tax, etc.) and have migrated to GST.

What is a GST Certificate?

A GST Certificate is an official document issued by the Indian government to businesses registered under the Goods and Services Tax (GST) system. It serves as proof of the business’s registration under GST and contains essential details, such as the business’s GST identification number, name, and address. This certificate is crucial for businesses as it allows them to charge and collect GST from their customers. Moreover, it enables them to avail input tax credits, apply for loans, and participate in tenders.

GSTIN - Goods and Services Tax Identification Number

GSTIN is a unique identification number assigned to each taxpayer registered under the Goods and Services Tax system. To verify a GSTIN number, individuals or businesses with a GST number can log onto the GST portal.

GSTN - Goods and Service Tax Network

The Goods and Service Tax Network (GSTN) is a non-profit, non-governmental private limited company. It serves as a one-stop solution for all indirect tax requirements, facilitating preparation, filing, rectification of returns, and payment of indirect tax liabilities.

GST Return Filing

GST return filing is mandatory for all registered taxpayers under the GST system, regardless of whether they have made any sales or purchases during the period for which the return is being filed. The process involves submitting details of sales, purchases, and taxes collected and paid by the taxpayer to the government. For filing a GST Return, GST compliant sales and purchase invoices must be attached.

GST Tax Rates

The GST tax rates in India are classified into different slabs:

0%: Applicable to essential items like food grains, fresh vegetables, and medical supplies.

5%: Applicable to items such as processed food, packaged food, and certain household items.

12%: Applicable to items like mobile phones, laptops, and television sets.

18%: Applicable to items like air conditioners, refrigerators, and washing machines.

28%: Applicable to luxury cars, tobacco, and aerated beverages.

Additionally, some goods and services may have specific rates. For instance, gold is taxed at 3%, while crude oil and natural gas are taxed at 6%. Keep in mind that GST rates are subject to change and may vary depending on the type of goods or services.

Penalties for Failure to Register for GST

As per Section 122 of the CGST Act, in India, there are direct penalties for taxable persons who fail to register for GST online.

Voluntary Registration under GST for Companies with Turnover Below ₹20 Lakhs

Small businesses with a turnover of less than ₹20 lakh can voluntarily register for GST, even though it is not compulsory by law. Voluntary GST registration offers several advantages, such as:

Availing input credit: Businesses can claim tax deductions on inputs, increasing their margins and profits.
Inter-state selling with no restrictions: SMEs can expand their market and explore prospective customers and online platforms.
Registration on e-commerce websites: SMEs can access a wider market by registering on e-commerce sites.
Competitive advantage: Voluntarily registered businesses gain a competitive edge over others.

How Can We Help You

At Saifian, we offer an easy and efficient GST registration service to help you obtain your GST Identification Number online.

Easy to get GST registration service and GST Identification Number online.

No hassle compliances as we completely take control of them.

All your returns will be filed duly

Our legal representatives are available to explain the whole gst registration process and clear any queries you may have.

Although the GST portal has a user-friendly interface, the GST Forms have a lot of complex fields. Hence, it is highly recommended that you seek the help of a professional for submitting the application, the required procedures, filing your returns and completing other formalities in the portal.

FAQs

What are the benefits of GST registration?

Listed are the benefits of GST registration:

Eliminates the cascading effect of tax
Composition scheme for small business
Simple and easy online procedure
Defined treatment for e-commerce operators
The number of compliances is lesser
Improved efficiency of logistics
The unorganised sector is regulated under GST.

Does GST apply to all businesses?

Yes, GST applies to all service providers, manufacturers and traders. It extends to any dealers, bloggers and writers, import-export businesses, all kinds of startups and companies, whether they are LLPs, proprietorships, partnerships, or private limited companies.

How many days will it take to get a GST number?

GST registration usually takes between 5-7 working days.

Can I apply for multiple GST registrations?

If a business operates in more than one state, the taxpayer must register for GST in each state separately. For example, if an automobile company sells in both Karnataka and Tamil Nadu, it must apply for GST registrations separately in both states.

What is the threshold limit for GST registration?

Businesses involved in the sale of goods whose turnover exceeds ₹40 lakhs (₹20 lakhs for north-eastern and hill states) are required to register as a normal taxable person. For service providers, the threshold is ₹20 lakhs (₹10 lakhs for north-eastern and hill states).

What is the composition scheme under GST?

The composition scheme was introduced to reduce the compliance burden on small taxpayers and it allows them to file quarterly returns instead of monthly returns. Any taxpayer whose aggregate turnover is less than 1.5 crores is eligible to opt for the scheme.

What happens once the GST registration process is over?

Once the GST registration process is over successfully, you will get a GST registration certificate and a valid GSTIN. You become eligible to claim the input tax credit and you can start filing GST returns.

We can take care of your GST filings if you want. Just like the registration process, we make filing easy and comfortable.

Is it mandatory for an e-commerce operator to obtain GST registration?

Yes, it is mandatory for e-commerce operators to get their GST registration done. The threshold limit doesn’t apply to them.

My business operates in two different states. Do I need to register for GST separately in these states?

Yes, if your business operates in two different states, you need to register for GST for both states separately. The same goes for multiple states.

Is a PAN card mandatory for registering GST?

Yes, a PAN card is mandatory for GST registration. If you don’t have a PAN card, you need to get one before starting your GST registration except for TDS registration which is possible through TAN.

Can we use the same GST number for multiple businesses?

You can register two or more businesses under one GST registration but can’t use 2 trade names under it, provided the businesses are in the same state.

Can we apply for GST after cancellation?

The taxpayers whose GST registrations have been cancelled are mandatorily required to apply for a new one. Without a GST registration, taxpayers will not be able to continue their businesses.

What happens if the GST application is rejected?

If you applied for GST registration and your application was rejected, you will get a chance to reply to the rejection letter. However, if you wish to make a new application, then you would have to wait for a final rejection, which will take around 10 days.

What are the types of GST registration?

These are the three types of the GST used

Central Goods and Services Tax or CGST, it is a central government
State Goods and Services Tax or SGST which is a state component
Integrated Goods and Services Tax (IGST)