Documents Required for Online GST Registration
PAN & Photo
PAN & photo are required for each & every director & shareholder in India.
Registration Proof
Partnership deed, COI, or any other registration document is required
Address Proof
Ownership proof, utility bill and NOC format
Other Documents
Bank statement, authorization form & board resolution
Input tax credit and lower cost
Once the supplier of goods or services has obtained the registration under GST, he can take credit of the GST paid to the previous supplier concerning business activities.
Legally recognized as Supplier
With compulsory or voluntary registration under GST, the supplier is eligible to collect the taxes legally. Further, the supplier can also pass on the credit.
Simplified and permanent registration
The online registration process is simplified with the assistance from LW experts. With the completion of registration process
Easy compliance requirements
Upon registration, every registrant is liable to fulfil compliance in the form of return filing in a periodical manner. These compliance requirements are simplified under the GST regime.
Advantages of
GST Registration in India
Apply for GST Number in
3 Easy Steps
Goods and Services Taxpayer Identification Number (GSTIN)
Process for
Goods and Services Taxpayer Identification Number (GSTIN)
1. Answer Quick Questions
Pick a Package that best
fits your requirements
Spare less than 10
minutes to fill in our Questionnaire
Provide basic details &
documents required for registration
Make payment through
secured payment gateways
2. Experts are Here to Help
Assigned Relationship Manager
Collect all the required documents
Preparing and filing the GST Application
Submitting necessary signed documents with GST Department
Allotment of permanent GSTIN
3. Your GST Registration is done!
All it takes is 4 – 6 working days*
Day 1
Consultancy for requirement of GST Registration
Collection of basic Information & documents
Preparation of required documents
Share documents for Applicant’s Signature, if required
Day 2 - 3
Preparation of online application
Filing of registration application
Day 4 onwards
Government processing time
GST Registration Certificate*
Persons Required to register
Under GST
Under GST
- Annual Turnover Criteria
Entities with turnover exceeds of Rs.40 lakhs (supply of goods in normal state), Rs. 20 lakhs (supply of goods/services in Normal state) Rs.20 lakhs (supply of goods in specific state) or Rs. 10 Lakhs (Supply in specific state) and above would be required to register under GST.
- Inter-State Supply
GST registration is mandatory in case of supply of goods or services from one state to another (inter-state).
- E-Commerce Operator
Every e-commerce operator and the person who supplies via e-commerce operator is supposed to get registered under GST.
- Casual Taxable Persons
This category includes the person who occasionally undertakes supply of goods or services having no fixed place of business.
What is means GST Registration
GST Registration is a process in which businesses, individuals and other entities need to register themselves with the Goods and Services Tax Network (GSTN) in order to become eligible to avail the benefits of GST. It is mandatory for businesses having an annual turnover of more than Rs. 20/40 lakhs to register for GST(20 lakhs in case of service and 40 lakhs in case of goods) and those with an annual turnover of less than Rs. 20/40 lakhs can opt for voluntary registration. GST Registration involves furnishing of basic details such as name, address, PAN, TAN, etc. and documents such as address proof, ID proof, etc. Once registered, the taxpayer will be assigned a unique GSTIN (GST Identification Number) which is required for filing GST returns. Therefore, GST Registration is an important step for businesses to avail the benefits of GST.
Types of GST Registration
Compulsory Registration
Under certain situations, the dealer must take Compulsory Registration under GST irrespective of the turnover.
For eg: inter-state sales of taxable goods, e-commerce operator, e-commerce seller, etc
Voluntary Registration
A business that does not need to apply for compulsory registration can apply for registration on a voluntary basis. It is called Voluntary Registration under GST.
Registration under Composition Scheme
If the aggregate turnover exceeds the prescribed threshold limit of Rs.40 lacs (Rs.20 lacs for special category states) for goods or Rs.20 lacs (Rs.10 lacs for special category states) but is less than Rs.1.5 Cr (Rs.75 lacs for special category states), the dealer can register under Composition Scheme. In case of services, if the aggregate turnover exceeds Rs.20 lacs (Rs.10 lacs for special category states) but it is less than Rs.50 lacs, the dealer can register under the Composition Scheme. Under this scheme, the taxpayer should pay GST at a fixed rate on turnover and the compliance is lesser than in case of normal registration.
No Registration
The following category of persons do not require GST Registration:
The business for which aggregate turnover during the financial year does not exceed Rs.40 lacs for goods (Rs.20 lacs for special category states) or Rs.20 lacs for services (Rs.10 lacs for special category states).
The business that does not fall under the provisions of compulsory registration.
Persons selling goods or services that are exempt under GST or not covered under GST.
Agriculturists for the supply of crops produced from the cultivation of land.
Required Documents for Online GST Registration with Punji Advisors
The list of required documents for GST Registration for various businesses as follows:
GST Registration for Proprietorship Firm :
– PAN Card
– Address proof of proprietor
LLP (Limited Liability Partnership) :
-PAN Card of LLP
-LLP (Limited Liability Partnership) Agreement
-All Partners’ Names
-All Partners’ address proof
Private Limited Company :
– Certificate of Incorporation
– PAN Card of Company
– AOA Articles of Association,
– MOA Memorandum of Association,
– Resolution signed by all board members
– Identity of all directors
– Address proof of directors
– Digital Signature all directors
Benefits of GST Registration
GST registration is a major benefit for businesses due to its ability to simplify the tax filing process. It eliminates the need to file multiple tax returns and allows businesses to pay a single, consolidated tax. Additionally, GST registration helps businesses to access tax credits, claim input tax credits, and make eligible purchases without paying tax.
Furthermore, it enables businesses to make seamless interstate transactions, helps in avoiding double taxation, and makes the filing of annual returns easier. Therefore, GST registration helps businesses to save time and money, as well as maximize their profits.
The following are some of the Benefits of Online GST registration with Punji Advisors :
Bank Loans :
GST registration important evidence of business activity and establish a track record for businesses. This is especially beneficial for banks and NBFCs, who use the GST return data to evaluate creditworthiness and make lending decisions. Therefore, GST registration is an essential step in formalizing a business and obtaining credit.
E-Commerce :
Having a GST registration is a must if you wish to sell online and through various platforms GST registration is essential if you want to take advantage of the online selling opportunities available.
Input Tax Credit :
Entities with GST registration are eligible to collect GST from customers for the supply, and then offset the liability against GST taxes paid while purchasing various goods and services. Consequently, GST registration can help to save on taxes and improve margins efficiently.
FAQ's
GSTIN, or Goods and Services Tax Identification Number, is a 15-digit identifier assigned to businesses for taxation purposes. It is used for tracking and collecting taxes from registered businesses. Additionally, GSTIN is used to facilitate the hassle-free availing of input tax credit by businesses. Moreover, it helps in preventing the cascading effect of taxes in the supply chain. Overall, GSTIN is an essential tool for businesses to conduct transactions and pay taxes in an efficient and transparent manner
Businesses should apply for multiple GST registrations when their business activities span across different states or union territories in India. This is because each state or union territory has its own set of taxes, rules and regulations governing the supply of goods and services. Furthermore, businesses need to register separately for different business activities in order to be able to claim input tax credit. Therefore, not only is it important for businesses to apply for multiple GST registrations, but it is also essential to do so in a timely manner in order to remain compliant with the applicable laws.
Registering under the Goods and Service Tax (GST) provides numerous benefits for businesses; not only does it simplify the filing process, but it also allows businesses to claim input tax credits and eliminates double taxation. Furthermore, registering under GST helps businesses track their transactions and maintain transparency, while also allowing them to avail various tax exemptions. Lastly, businesses are also able to gain recognition, credibility, and trust amongst customers. Overall, registering under GST helps businesses streamline their tax filing process, claim input tax credits, eliminate double taxation, track transactions, avail tax exemptions, and gain recognition.
An authorized signatory refers to a person who is authorised by the taxpayer to perform activities on the GST portal on his behalf.
(i) A new GST registration application cannot be submitted without selecting a primary authorised signatory.
(ii) authorised signatory cannot be minor.
Be officially recognized as a dealer of goods or services;
Appropriate accounting for taxes paid on involved goods and services that a company can usage to pay GST on the stock of goods and services.
Has the legal right to collect tax from the buyer and pass on the tax paid on the goods or services provided to the buyer or recipient.
Be eligible for various other benefits and privileges provided under the GST law.
A taxable event under GST is the supply of goods and services. CGST and SGST/UTGST are levied on interstate supplies. IGST is levied on interstate supplies.
Yes, the Central/State Government may specify the categories of services, and if an e-commerce operator provides such services, the e-commerce operator shall pay tax, and all provisions of law shall apply as if the commerce business is an e-commerce business. Any person is liable to pay taxes regarding the condition of such services.
Form for providing information to tax authorities
Ensure proper compliance assessment
Calculating the amount of tax paid over some time
Providing detailed information required for an input tax credit at the time of purchase
Data collection for tax management and policy making
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