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    GST Registration

    GST stands for Goods and Services Tax. GST represents India’s most ambitious and substantial tax reform since independence. It aims to levy a single, consistent tax on all goods and services in India. GST aims to replace multiple national and state-level taxes, bringing more producers into the tax net and thereby making the Indian economy more integrated. Improving the effectiveness of the tax system can significantly enhance economy and government budgets.

    GST is an indirect tax designed to replace other indirect taxes in India, including VAT, service tax, and excise duty. On July 1, 2017, the GST Act went into effect nationwide. GST is a multi-stage, destination-based tax structure that applies to every value addition. GST is a multi-stage, comprehensive tax system that governs the sale of goods and services. The fundamental goal of this tax regime, which applies throughout India, is to reduce the cascading effect of various indirect taxes.

    In a nutshell, GST is an indirect tax charged on the purchase, production, and use of goods and services. It applies to the entire nation and aims to create a single, united market.

    GST Registration Turnover Thresholds

    According to the requirements of the GST Act, 2017, every firm with an annual turnover of Rs. 40 lakhs or more must register for GST. The turnover criteria for hill and northeastern states is Rs. 10 lakh. Furthermore, the following individuals must register for GST and obtain a GSTIN.

    • Inter-state supply: GST registration is mandatory for those individuals making the interstate supply of goods and services.
    • E-commerce operators: All the e-commerce operators and those who supply goods and services via e-commerce operators need to register for GST and obtain a 15-digit GST Identification Number.
    • Annual turnover criteria: Those individuals who provide intra-state services having an annual turnover of more than 20 lakhs and those individuals providing intra-state goods having a turnover of more than 40 lakhs must register for GST.
    • Existing taxpayers: Businesses that have already registered for VAT, service tax, or central excise must register for GST.
    • Casual taxable persons: This group comprises anyone who provides goods or services on a sporadic basis without a fixed location.

    What is a GST composition scheme?

    The composition scheme is a GST tax levy alternative meant to make compliance easier and lower compliance expenses for small taxpayers.

    The key feature of this scheme is that businesses or individuals who choose to pay tax under it can pay a flat percentage rate of turnovers every quarter rather than paying tax at a monthly rate.

    The composition scheme of the GST now has more flexible restrictions, including a higher turnover threshold for applicability, the inclusion of service providers, and lower tax rates. This policy also applies to under-construction, ready-to-move-in, and cheap homes in the real estate sector.

    Eligibility for GST composition scheme:

    Manufacturers and traders with a taxable business turnover of up to 1.5 crores (75 lakh in North-Eastern States) are eligible for the composition scheme. A service provider who has a taxable turnover of less than $50 lakh is eligible for the scheme. Businesses that make interstate deliveries, ice cream, pan masala, and tobacco manufacturers, as well as e-commerce firms, are ineligible for the composition plan.

    Importance of GST composition scheme:

    By reducing GST filings, procedures, and tax rates, the composition plan effectively recognises the importance of the MSME sector.

    Benefits of composition scheme

    Compliance is simplified because no detailed accounts and records need to be maintained, and no tax invoices are required to be produced. The filing of quarterly tax returns has been simplified. Payment of tax on a quarterly basis and at a lower rate has been simplified. Composition taxpayers are required to pay tax at a lower rate than the usual GST rate of 18 percent, resulting in a smaller impact on their working capital. There will be no regular tax invoices sent. In the case of a NIL return, the same might be submitted via SMS.

    GST Components

    There are 4 types of GST that are used to distinguish between inter-state and intra-state supplies. This distinction helps to reduce the burden of indirect taxes.
     
    • CGST(Central Goods and Services Tax): CGST is levied on intra-state sale and purchase of goods and services. The revenue generated from the CGST goes to the central government.
    • SGST(State Goods and Services Tax): SGST is levied on the sale of goods and services within the state. SGST subsumes within itself various types of taxes charged earlier by the state such as VAT, luxury tax, entertainment tax, octroi tax, tax on lottery, etc.
    • IGST( Integrated Goods and Services Tax): IGST is levied on the inter-state transaction of goods and services. It is applicable to imports and exports as well. Under IGST, taxes levied are shared by the center as well as the state. SGST part of the Integrated GST goes to the state in which the goods and services are consumed as GST is a destination-based tax.
    • UTGST( Union Territory Goods and Services Tax): UTGST applies to the sale and purchase of goods and services within the Union Territories i.e., Andaman and Nicobar Islands, Lakshadweep Islands, Dadra and Nagar Haveli & Daman, and Diu, Delhi, Chandigarh, Jammu, and Kashmir. UTGST is charged along with CGST.
     

    What is GSTIN?

    The GSTIN is a unique 15-digit code that is given to every taxpayer. GSTIN is generated based on the PAN and the state you live in. Before the introduction of GST, all registered dealers under the state VAT were used to get a TIN number. Now, GSTIN has subsumed TIN.

    Working of GST

     

    • At the manufacturing stage: The manufacturer would have to pay GST on the purchase of raw materials as well as on any value addition that is done to make the product.
    • At the stage of service provider: The service provider would have to pay GST on the amount that is paid for the product as well as on the value that is added to it. However, the tax paid at the manufacturing stage can be deducted from the overall tax that is to be paid.
    • Retailer: Retailer would have to pay GST on the product purchased from the distributor along with the margin added. However, tax that has been paid by the retailer can be deducted from the overall GST that is to be paid.
    • Consumer: GST would pe paid on the product purchased by the consumer as per the tax slab.

     

    Types of GST Registration

    There are various types of GST registration such as

    • Normal taxpayer: This GST registration category is for taxpayers who do business in India. Taxpayers who register as regular taxpayers do not have to pay a deposit and have an unlimited validity period.
    • Composition taxpayer: The individual must join the GST Composition Scheme to become a Composition Taxpayer. The Composition Scheme allows taxpayers to pay a fixed GST rate. The taxpayer, on the other hand, would be unable to claim the input tax credit.
    • Casual taxable person: Anyone who sets up a stall or a seasonal shop must register as a Casual Taxable Person. The taxpayer needs to make a deposit equal to the amount of GST liabilities in order to register as a casual taxable person. The responsibility should correspond to the registration periods that are active. For a period of three months, the registration would remain active.
    • Non-resident taxable person: The Individuals living outside of India are classified as non-resident taxable persons. Taxpayers should consider supplying goods or services to Indian citizens. The taxpayer must make a deposit equal to the amount of GST liabilities in order to register as a casual taxable person. The responsibility should correspond to the registration periods that are active. For a period of three months, the registration would remain active.

     

    Advantage of GST over previous Tax schemes

     

    • Uniformity in Taxation: GST seeks to ensure that the structure of tax rates is common and uniform across the country.
    • Eliminates cascading effect: Cascading effect on tax may be described as ‘Tax on tax’, and GST aims to provide a seamless tax system throughout the value chain by reducing the cascading effect of taxes. This would consequently reduce the hidden cost of doing business.
    • Reduced tax evasion: Due to robust IT infrastructure, GST would lead to better tax compliance.
    • Integration of national market with one tax system: GST is an indirect tax that seeks to replace various indirect taxes in India such as VAT, service tax, and excise duty. It applies to the entire nation and seeks to make it a common unified market.
    • Completely Online: Since GST will be mainly technology-driven, taxpayers will have to access a common portal i.e., GSTN. Various operations including tax payments, registration, refunds, registration, and returns will be automated and streamlined. All activities would be done via GSTN including paying taxes, filing returns, filing return claims, and registration. Verification of input tax credit will also be done online, making the process more transparent and accountable. Online mode will make the process significantly faster.

     

    Benefits of GST Registration Online

    There are various advantages of GST registration such as:

    • Recognized as a legal supplier of goods and services.
    • GST registration makes the business eligible for availing benefits under many government schemes and initiatives.
    • Better customer loyalty
    • Better accounting of taxes paid on input products or services that can be used to pay GST owing to the business’s provision of goods or services, or both.
    • Legally permitted to collect tax from his customers and credit the taxes paid on the goods or services provided to customers or beneficiaries.

     

    Penalty for not applying for GST Registration

     

    What is the GSTN (Goods and Service Tax Network)?

     

    Taxable Entities In GST

     

    GST Tax Rates

    GST RatesGoodsServices
    No tax

    Essential commodities such as

    • Sanitary napkins,
    • Deities made up of wood, stone, or marble
    • Rakhi made without any precious stones

    Food items like

    • Vegetables,
    • Fortified milk,
    • Bread, curd, sugar
    • Eggs, and natural honey

    Non-food items like

    • Handloom,
    • Bangles,
    • Judicial papers,
    • Stamps,
    • Printed books and
    • Newspaper.
    		Lodge and Hotel services carry a tariff below INR 1,000, Jan Dhan Yojana and Bank charges on savings accounts, etc.
    5% GST

    Food items such as

    • Fish fillet
    • Coffee
    • Skimmed milk powder
    • Frozen vegetables
    • Pizza bread
    • Spices
    • Tea
    • Sliced dry mango
    • Cashew nuts
    • Unbranded namkeen
    • milk food for babies
    • Cinnamon and cinnamon tree powder and edible mixtures, etc.

    Non Food items such as:

    • Agarbatti,
    • Fertilizers,
    • Coal,
    •  
    • Ayurvedic medicines,
    • Kerosene,
    • Insulin,
    • Lifeboats
    • Plastic waste, etc.
    • Restaurants in hotels that carry room tariffs less than INR 7,500,
    • Non-AC and Standalone AC restaurants and the ones that serve liquor,
    • special flights for pilgrims
    • takeaway foods,
    • newspaper printing and small restaurants,
    • transportation services like railway and airways,
    • supply of tour operators service,
    • transport via radio taxis and cabs,
    • tailoring services, etc.
    12% GST

    Food items such as Ghee,

    • cheese
    • butter
    • frozen meat products
    • fruit juices
    • pickles
    • namkeen
    • sausages
    • instant
    • food mixes

    Non-food items such as

    • umbrella,
    • tooth powder,
    • sewing machine,
    • handbags,
    • pouches,
    • purses,
    • jewelry box,
    • artificial yarn,
    • nuts,
    • fruits,
    • medicine,
    • cell phones and
    • wooden frames for the mirror,
    • photographs or painting,
    • Art ware of iron
    • Building construction for sale,
    • Business-class air tickets,
    • Guesthouses,
    • Inns and hotels with room tariffs less than INR 7,500,
    • Mining and drilling for crude or natural gas,
    • Metro and monorail construction,
    • Pollution control or effluent treatment plants, etc.
    18% GST

    Food items such as

    • Pastries and cakes,
    • Cornflakes,
    • Pasta,
    • flavored refined sugar,
    • preserved vegetables,
    • ice cream,
    • Chocolate,
    • mineral water,
    • Soups,
    • oil powder,
    • sauces,

    Non-food items such as:

    • Washing machine
    • Detergents
    • Glassware
    • safety glass
    • Pumps
    • Mirror
    • light fittings
    • Restaurant in hotels that carry room tariffs of more than INR 7,500
    • IT and Telecom services
    • Outdoor catering
    • Water parks
    • Theme parks and
    • Financial services, etc.
    28% GST

    Items such as

    • Dishwasher
    • Sunscreen
    • Dye
    • Tobacco, Bidis, Cigarette, Pan masala, etc.
    • Automobiles,
    • Aircraft for personal use
    • Ceramic tiles
    • Betting on casinos
    • Gambling
    • Hotel stay bill above INR 7,500,
    • Racing
    • Five-star hotels
    • Cinema and entertainment, etc.

    Document required

    Type of Entity Documents Required
    Sole Proprietor
    • PAN Card of applicant/owner
    • ID Proof: PAN card of applicant/owner
    • Address Proof: Ration card/ Aadhar Card/ Driving License/Voter ID of applicant/owner
    • 2 Passport-sized photographs of applicant/owner
    • Address proof of the place of business- any utility bill such as water/electricity/telephone/gas bill
    • No Objection Certificate from the premises owner
    • Notarized rental agreement in English (if rented property)
    • Copy of property papers(if own property)
    • A bank account statement that includes name, address, and a few transactions
    Partnership and LLP
    • PAN Card of firm
    • ID Proof: PAN card of Partners
    • Address Proof: Ration card/ Aadhar Card/ Driving License/Voter ID
    • 2 Passport-sized photographs of Partners
    • Address proof of the place of business- any utility bill such as water/electricity/telephone/gas bill
    • No Objection Certificate from the premises owner
    • Notarized rental agreement in English (if rented property)
    • Copy of property papers(if own property)
    • A bank account statement that includes name, address, and a few transactions
    • Digital signature for authorized signatory
    Private Limited Company and Public Limited Company
    • A Certificate of Incorporation serves as a confirmation of a company’s formation.
    • Pan card of Company
    • ID Proof: PAN card
    • Address Proof: Ration card/ Aadhar Card/ Driving License/Voter ID
    • 2 Passport-sized photographs of Directors
    • Address proof of the place of business- any utility bill such as water/electricity/telephone/gas bill
    • No Objection Certificate from the premises owner
    • Notarized rental agreement in English (if rented property)
    • Copy of property papers(if own property)
    • A bank account statement that includes name, address, and a few transactions
    • Digital signature for authorized signatory

    Step 1:Information and Document Upload

    Take 1 working Day

    For registration of a partnership firm, a DSC is not required so the partners do not have one. But, for conversion of a partnership firm to LLP as a necessary step, it is mandatory for all the partners to obtain a Digital Signature certificate.

    Step 2:Obtain DIN/ DPIN of directors

    Take 1 working Day

    For conversion of partnership firm to LLP, all the directors are required to obtain a DPIN/ DIN(Director Identification Number) which is a unique number and will be valid for life.

    Step 3:GST Application Approval

     Take up to 4 days

    Once the application is Submitted, GST department will examin the application and may approve the application or ask for clarification . If there is clarification from the GST department, Intine Experts will file it on priority basis. You will be updated on the status.

    GST Registration FAQs

    What are the benefits of GST registration?
    • GST has subsumed a number of indirect taxes.
    • Provision of lower tax rates for small business owners.
    • Lessor compliances
    • Simple and easy online procedure
    • Regulated unrecognized sector

     

    What are the types of GST registration?

    Types of GST Registration

    • Normal Taxpayer

      A normal tax payer in India whose aggregated turnover crosses the threshold limit set by the GST department

    • Composition Taxpayer

      This type of registration can be opted by any taxpayer whose annual turnover is less than 1.5cr

    • Casual Taxable Person

      Any taxpayer who occasionally supplies goods/services in any territory but he does not have a fixed place of business.

    • Input Service Distributor (ISD)

      ISD is a type of taxpayer who receives invoices for services used by its branch offices. It distributes the ITC to its branches on a proportional basis by issuing ISD invoices.

    • Non-Resident Taxable Person

      Any non-resident taxpayer who occasionally supplies goods/services to indian territory but does not have a fixed place of business

    • Online Information Database Access and Retrieval services (OIDAR Services)

      It is a category of services provided through the medium of internet and received by the recipient online without having any physical interface with the supplier of such services

    • Embassy/UN Body/ Other Notified Persons

      Embassies UN body or any other notified person by the government can apply for UIN under this category

    • Special Economic Zone (SEZ) Developer/ Unit

      SEZ developers and SEZ Units can register under this category

    • Tax Deductor at Source (TDS)

      All government departments, authorities, agencies or notified persons making contractual payment more than Rs. 2.5 Lakhs to suppliers need to register as TDS under GST

    • Tax Collector at Source (TCS)

      All e-commerce operators need to register under TCS.

     

    What is CGST?

    CGST stands for Central Goods and Services Tax. CGST is a tax charged on the intrastate supply (home state) of goods and services by the central government of India and is governed by the CGST Act 2017.

    What is SGST?

    SGST stands for State Goods and Services Tax. SGST is a tax charged on the same intrastate supply (as CGST) of goods and services and is governed by the State Government.

    What is IGST?

    IGST stands for Integrated Goods and Services Tax. IGST is a tax levied on all inter-state supplies (states other than home) of goods and services. IGST is also applicable on any supply of goods and services in both cases of import and export from India. In IGST, the exports are zero-rated and the tax is shared between the central and state government at the same proportion. .

    What is the validity of GST registration?

    GST registration has no expiry and does not require any renewal. It may be suspended or canceled in case taxpayer failed to comply with the requirement. .

    What is a Composition scheme?

    It is a simplified tax scheme under GST for the taxpayers. Small business owners can do away with the tedious GST formalities by paying GST at a fixed rate of turnover.

    What are the eligibility criteria for Opting Composition?

    Businesses with turnover less than 1.5crore can opt for composition scheme.

    How to computed aggregate turnover in Composition scheme?

    The Aggregate turnover is calculated on the basis of supplies made all over India from a person/company using the same PAN. It is the sum of supplies made under following categories: Exports of goods/services, Exempted supplies, Inter-state supplies, Taxable supplies However it excludes following Value of inward supplies, Taxes (including cess), Value of supplies taxable under reverse charge, Value of non-taxable supplies

    What is inter-state supply

    Inter-state supply means the goods or services supplied outside the home state. For Example A mumbai based company supplying services to Delhi based company.

    What is intra-state supply?

    Intra-state supply means the goods or services supplied within the limits of their home state. For example A Delhi based company supplying goods or services to another Delhi based company.

    Is PAN required for GST registration?

    PAN Card is a must for GST.

    Can we use the same GST number for multiple businesses??

    Yes, if the businesses are located in the same state you can have one GST number for multiple businesses.

    Can I apply for multiple GST registrations?

    If your business has two separate verticals you may submit a separate application for each vertical to get a new GST number within the same state. If you are working in multiple states you can apply for GST registration in each state.

    Can I be voluntarily registered under GST?

    Yes, any taxpayer can do the registration under GST on a voluntary basis.

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

    Yes, it mandatory for an e-commerce operator to obtain GST registration

    What happens if the GST application is rejected?

    The business owner needs to reapply for GST registration with all requisite documents due to which the application was rejected earlier.

    How can I discover the GST rate for my product/service?

    With the help of HSN/SAC one can check the GST rate in which his product/services falling

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

    Yes, if your business turn over crosses the GST threshold limit or you are an e-commerce operator.

    What is an E-way Bill?

    Electronic Way Bill (E-Way Bill) is basically a compliance mechanism wherein by way of a digital interface the person causing the movement of goods uploads the relevant information prior to the commencement of movement of goods and generates e-way bills on the GST portal.

    Does GST apply to all businesses?
    Any business with a turnover of Rs.40 lakh and above must register for GST. In case of north-eastern and hill states, the turnover threshold for GST registration is Rs.10 lakh. e-commerce operator must register for GST regardless of their turnover.
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