GST Registration
Any service company that makes more than 20 lacs in a fiscal year. Additionally, every products company that makes more than 40 lacs in a fiscal year needs to register for GST and have a valid GST number.
Overview
What is the GST Registration Process?
A taxable person must be registered for any goods and services business with a turnover of more than 40 lacs or 20 lacs, respectively (10 lakhs for the Northeast and hill states). GST registration is the name of this tax registration procedure.
GST registration is required for some businesses. It will be illegal for those entities to operate without a valid GST registration, and they would be subject to severe fines.
Who needs to register for GST?
company that makes more than 40 lakhs in a fiscal year. 10 lakh for Uttarakhand, J&K, Himachal Pradesh, and the Northeastern states.
Every online retailer.
A person or organization that wishes to sell products online.
Benefits of GST Registration
- The following are some benefits of registering for GST.
- The GST Removes the Tax’s Cascade Effects
- The double taxing effect is eliminated by GST. This implies that a business will only be required to pay the government the received access amount of GST when it receives and pays it.
- An increased registration threshold
- Any business with a turnover of more than five lakhs was subject to VAT under the previous VAT structure, which was in place prior to the GST regime. Additionally, service providers with a turnover of less than 10 lacs were excused from paying service tax. However, this level has been raised to 20 lakhs under the GST regime, exempting a large number of small business owners and service providers.
Checklist/Requirements
Each director/Partner/Proprietor
- PAN card
- Photographs
- ID proof any one of
- Voter ID
- Aadhar
- Passport
Entity details
- PAN card of the business entity
- Bank statement/ Cancelled check leaf
- Proof of address for business premises (Rental agreement if rented, Property tax paid challan if owned, NOC from the owner of the property)
- Copy of electricity bill/landline bill/water bill of place of business
Each director/Partner/Proprietor
- For Pvt Ltd or OPC
  o Certificate of Incorporation
  o Memorandum of Association (MOA)
  o Articles of Association (AOA)
  o Copy of Board resolution (format to be provided by us) - For LLP or partnership
  o Certificate of Incorporation
  o Utility bill
  o LLP/Partnership deed
Process of GST Registration
Step 1: Submit your business details and required documents to our team
Step 2: Our GST expert verifies and files the application on the official GST portal
Step 3: An Application Reference Number (ARN) is generated after successful submission
Step 4: Once the GSTIN is approved, we share your GST Certificate along with useful GST compliance guidelines
Key Deliverables
• Official GST Certificate issued after registration
• User ID and password for GST account access
Why Choose Us
Friendly to Entrepreneurs
Our pros will offer you all of the promised deliverables within the allotted period, and we make the procedure so quick and simple that you won’t even feel the headache of all the paperwork.
Skilled Experts
Every one of our experts is trained and skilled in that specific field. ensuring that no errors are made when filing with the authorities in order to prevent the company from incurring penalties for errors.
One Place to Go for All of Your Needs
We assist you at every stage of your company’s development, including incorporation, accounting and taxation, secretarial compliance, and legal support.
Economical
Since cost is a major factor in any business’s growth stage, we don’t surprise our clients with extra fees; instead, you pay what is shown in the original plan.
