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.

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.

GST registration usually takes between 5-7 working days.

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.

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).

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.

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.

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

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.

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.

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.

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.

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.

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)