GST Registration

Leveraging the skills of our qualified team of professionals, we are providing services of GST Registration that is an indirect tax which is mandatory to all service providers whose turnover crosses Rs. 20 Lakh. We have a team of experts who are always ready to help you and lessen the burden of length regulation process. Our team will provide you, your GSTN number in a hassle-free manner in a short time period. Clients can acquire this GST Registration service from us at most affordable rates.

GST Registration - Eligibility, Process and Expert Help

The biggest tax reform in India launched is GST, with a purpose to improve ease of doing business and increase the taxpayer base in the country by bringing in many small businesses. Apart from increasing tax base, the introduction of GST has reduced tax complexities by abolishing and subsuming multiple taxes into a single system.

All businesses involved in providing service, buying or selling goods or both have to register for GST, under the new GST regime. The GST registration is compulsory for entities that further needs to collect GST from a customer or claim an input tax credit of GST paid.

GST Turnover Limit

The non-resident taxable persons, persons supplying through eCommerce operators and casual taxable persons have to obtain GST registration, irrespective of turnover limit. Here is the GST turnover limit for regular GST registration for goods supplier and service providers.

Service Providers: Any entity or person who provides service of more than Rs.20 lakhs in aggregate turnover in a year must obtain GST registration. The GST turnover limit for service providers is fixed at Rs.10 lakhs in special category states.

Goods Suppliers: According to the notification No.10/2019, any person who is engaged in the exclusive goods supply whose aggregate turnover is more than Rs.40 lakhs in a year is required to obtain GST registration. The supplier must meet following conditions to be eligible for the Rs.40 lakhs turnover limit:
Should not be rendering any services. The supplier must not be engaged in making intra-state (supplying goods within the same state) supplies in Arunachal Pradesh, Manipur, Sikkim, Telangana, Tripur, Meghalaya, Puducherry, Mizoram, Nagaland and Uttarakhand.

Should not supply pan masala, ice cream or tobacco. GST registration must be obtained by the supplier of goods if the above mentioned conditions are not met and when the turnover is more than Rs.20 lakhs and Rs.10 lakhs in special category states.

Special Category States: Under GST, the special category states are Arunachal Pradesh, Meghalaya, Mizoram, Tripura, Assam, Jammu & Kashmir, Manipur, Himachal Pradesh, Uttarakhand, Nagaland and Sikkim. Aggregate Turnover: Aggregate turnover = (Taxable supplies + Exports + Exempt Supplies + Inter-State Supplies) – (Taxes + Value of Supplies Taxable under Reverse Charge + Value of Inward Supplies + Value of Non-Taxable Supplies).

Based on the PAN, aggregate turnover is calculated. Hence, even if a person has several places of business, it must be summed to calculate the aggregate turnover.

Voluntary GST Registration

Any person or entity can get GST registration whenever required, irrespective of business turnover. Businesses in spite of not reaching the aggregate turnover limit can obtain GST registration. Voluntary GST registration can be obtained for the following reasons:

  • To improve the credibility of business
  • To satisfy the B2B customers requirements
  • To claim the benefits of input tax credit

GST Registration Responsibilities

GST registered entities have many responsibilities and compliance requirements from time to time. Those who fail to comply with the GST regulations or compliance requirements can be charged with penalties or revocation of GST registration by the authorities.

Here are the responsibilities of a GST registered person:

  • Accumulating and remitting GST amount from customers
  • Issuing proper GST invoice according to the GST rules and regulations
  • Filing GST returns whenever due on the basis of the turnover - even if there is no business activity or turnover
  • Filing annual GST return
  • Maintaining all GST records for a period of 8 years

We can help entities in obtaining GST registration in India and maintaining GST compliance through a proprietary GST accounting software. An average of five to ten days are required to obtain GST Certificate, subject to client document submission and government processing time. Schedule an appointment to get a free consultation on GST and GST return filing.

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