GST Registration Online: Documents Required, Limit, Fees, Process, Penalty

Goods and Services Tax(GST) was first established in 2017. GST is an indirect tax which has replaced many indirect taxes in the country, such as excise duty, VAT, service tax and many more. GST was implemented in several ways, including lowering the cascading effect and developing a centralised filing system. To avert any penalties, Enterslice is here to offer various services.

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Purpose of GST

• The GST has replaced the difficulties of seeking indirect tax solutions under the previous tax system. The most astonishing thing about the GST is that it brought the entire country under one tax, meaning each state in the union would be charged the same tax. Additionally, it will facilitate the job of the Tax Administration by reducing the likelihood of corruption.
• The main objective of bringing GST was to demolish the streaming effects of end numbers of taxes. These indirect tax laws related to several taxes could not mark the tax credits for one tax against another. It will demolish the streaming effects of taxes and contribute to a change in India's tax culture. This seamless way of inputting tax credits for goods and services is a change and source of historical development.
• Before GST, taxpayers had to put in much effort while dealing with various taxes and tax authorities, but today they are fortunate to have access to the best GST solutions. People chose the offline mode rather than saving time using online file returns. However, GST has altered the rules; most of its processes are now online, and you can also get assistance from a GST registration consultant. Everything is accomplished with a single click, from registration, return filing, refunds, and e-bill production.
• GST has streamlined several processes for taxpayers and added to the general ease of doing business in India.
• The consumption of indirect tax revenues has changed due to the introduction of GST services in India. The price of goods increased in India relative to the global market due to the streaming effects of taxes during the previous administration, which increased consumption and raised revenues. That is the second main reason for introducing GST in India.
• The GST, a crucial component of the Indian economy, streamlines the entire tax system and unifies more start-ups under one taxing regime. It will assist the government in collecting such taxes and using the proceeds for the growth and improvement of our nation.

What are the Components of GST?

There are three components of GST which are predominantly called:

Central Goods and Services Tax (CGST)-

CGST is the amount of tax charged on the intrastate supply of different forms of goods and services. This is usually charged and levied by the Central Government. As per this, both the Central Governments and State Governments would combine their GST collections and share the revenue equally.

State Goods and Services Tax (SGST)-

This is the amount of tax charged on the intrastate supply of different forms of goods and services. One of the key indicators is that the State Government charges this tax.

Integrated Goods and Services Tax (IGST)-

The amount of tax which is charged on the interstate supply of different forms of goods and services is understood as integrated goods and services tax. Here again, the amount of IGST is collected and shared between the respective Central government and the State Government.

GST Registration Types

The categories of GST registration are as follows:

1. Ordinary Taxpayer

The GST enrollment category for taxpayers who conduct business in India. Regular taxpayers who register do not have to make a deposit and have a perpetual validity date.

2. Taxpayer's Composition

The person must sign up for the GST Composition Scheme to pay composition taxes. Participants in the composition scheme are eligible to pay a fixed GST rate. However, the taxpayer could not submit an input tax credit claim.

3. Casual Taxable Individual

Any taxpayer who operates a seasonal booth or store must register as a casual taxable person. To register as a casual taxable person, the taxpayer must submit a deposit equal to their GST obligations. The obligation must coincide with the times when registration is active. After three months, the registration will expire.

4. Non-Resident Taxable Individual

People who don't reside in India are categorised as non-resident taxable people. Taxpayers ought to offer the people of India goods or services as well. To register as a casual taxable person, the taxpayer must submit a deposit equal to their GST obligations. The obligation must coincide with the times when registration is active. After three months, the registration will expire.

The Following Are the Different GST Registration Procedures:

• GST Enrollment for Non-Resident Online
• Service Providers Special Economic Zone Developer Special Economic Zone Unit (SEZ) UN Body/Embassy/Other Notified Person
• GST Enrollment Deductors TDS
• Sales Tax (GST) by Governmental Entities E-commerce companies run by TCS.

What conditions must be met to register for GST?

The following are the categories and requirements for GST registration and status in India.

• Overall turnover

A service provider must register for GST if they supply services valued at more than 20 lakhs in a calendar year. This maximum is ten lakhs in states that fall under a specific category. With an annual turnover of more than 40 lakhs, any company engaged in the exclusive supply of goods must register for GST.

• Interstate Commerce

An organization that supplies goods interstate from one state to another must register for GST regardless of their overall revenue. They must register for GST only when an interstate service provider's annual sales exceed 20 lakhs. (This maximum is one lakh in states under a specific category).

• Platform for E-commerce

Anyone who conducts business in India using an e-commerce platform must register for GST. Regardless of turnover, the person needs to sign up. As a result, vendors must register to start selling on Flipkart, Amazon, and other e-commerce platforms.

• Casual Taxable Individuals

Anyone who operates a temporary stand or store to offer goods or services seasonally or irregularly must register for GST. Regardless of the total annual turnover, the person must apply.

Documents required for GST Registration:

The following mandatory documents are required for GST registration:

Sole Proprietorship

• Information of the sole proprietor
• PAN Card and Address Proof of the sole proprietor

Limited Liability Partnership

• PAN card of the Limited Liability Partnership
• LLP Agreement
• Address Proof of the LLP
• Partners Name and all Information

Private Limited Company

• Certificate of Incorporation
• Memorandum of Association and Articles of Association
• PAN Card
• Board Resolution Signed by the Directors
• DIN number
• Digital Signature Certificate
• Registered Address of the Business
• Identity Proof of all the Directors- Voter ID, Aadhaar Card, Bank Account Statement and Driving License.

The Advantages of GST Registration

Getting GST registered might be simple if you do it through our company. One of the top firms to assist you with hassle-free GST registration is us.

• With a top-notch team with solid tax and accounting consulting expertise, we can offer you a straightforward support system to address any questions you have as you complete your GST registration.
• Our top GST consultants are well-versed in the process of GST registration. A customer could occasionally experience issues while going directly to the official website. The client might contact us immediately to finish the registration process and prevent such a complex process. Customer service representatives are available around-the-clock, allowing you to ask questions whenever possible. Whenever you require their assistance, our knowledgeable crew will be there.
• Our payment method is highly safe, and we guarantee that no fraudulent activity will include the information you provide about your company.
• We have close ties to our foreign affiliates who have the technical understanding of how to assist you in navigating the complicated web of national regulations like the Goods and Services Tax in India and reputable international alliances.

GST Registration Consultant

According to the GST Act, all manufacturers and suppliers must register for the Goods and Service Tax (GST). On July 1, 2017, a new tax regime went into effect that combines all types of indirect taxes, such as service taxes, entry taxes, sales taxes, excise taxes, and customs duties, under a single tax structure. As a result, it eliminates the complications of the tax system when conducting business. GST rates might range from 0% to 28%, depending on the kind of goods or services your company offers. Anyone who disobeys the legislation should face severe penalties, which could reach 100% of the unpaid taxes.

The entire GST registration process is conducted online, and the recipient's receipt of a unique identification number (GSTIN) allows them to take advantage of numerous State and Central government benefits. The certificate also grants you and your company legal recognition. For services like GST registration and others, you can enlist the assistance of qualified experts. You must submit all essential paperwork to enlist it properly.

GST Services Offered by Enterslice

GST compliance

We assist clients in meeting all Goods and Services Tax ("GST") compliance requirements. Compliances, among others, comprise the following:-

• Examine the client's accounting information and confirm GST conformity with applicable tax rules.
• Helping clients identify the appropriate HSN/ SAC code for the goods or services involved in the transaction.
• Advising customers on the application of GST to a variety of completed or potential transactions.
• Applying the place of supply requirements in the client's transactions and selecting the appropriate tax (CGST, SGST, or IGST) based on the supply's classification as an interstate or intrastate supply.
• Creating tax invoices, bills of supply, credit notes, debit notes, and other documents, including all the information required by the GST Rules.
• Identify the invoices eligible for the applicable provisions' input tax credit.
• Notification of tax payment based on customer output liability.
• Clients are routinely informed of notices or circulars published according to GST laws for GST compliance.
• Return of unused input tax credit (i.e. "ITC"):
• Preparing and submitting an online application, as well as submitting the necessary documents for the reimbursement that will be requested.
• Tax advice is available on demand regarding numerous concerns and difficulties related to the GST law.
• Supporting any ongoing inquiry or investigation that has been started.
• Preparing and submitting E-Way Bills for the transportation of goods.

GST return filing

We assist clients with filing their GST and all recurring returns for various tax programmes. In addition, we analyse annual returns, certify reconciliation statements, and keep clients informed of GST revisions as part of our services.

GST Registrations

• Evaluating the client's situation and deciding if they need to register for GST following the applicable GST Laws.
• Registering the customer following their status under the GST legislation as an average taxpayer, composition scheme taxpayer, casual taxable person, non-resident taxable person, input service distributor, tax deductor at source, tax collector at source, etc.
• Submitting registration forms for each client's company location in many states.
• Helping clients submit the paperwork needed to get certificates of GST registration.
• Identification of the products or services the customer sells or provides.
• Determining the appropriate HSN and SAC codes following the requirements.
• Updating the registration certificate's information per the applicable GST legislation.
• Assisting clients with resetting their Authorised Signatory's email and phone numbers.
• Applying for registration cancellation following client needs.
• Filing appeals to get the canceled registrations reinstated.
• Helping the clients to comply with the conditions outlined in the legislation connected to GST registration.
• Assistance with GSTR 2A preparation or reconciliation review. Taking the necessary steps following Rule 36(4) of the CGST Rules for utilising and availment of the input tax credit.
• Filing the annual return in Form GSTR-9 or another form appropriate to the taxpayer's status.