An Overview on GST Registration

Goods and Service Tax commonly referred to as GST is a consolidated indirect tax under which different GST returns are filed by eligible taxpayers for each financial year. The goods and services tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. Here only value addition is taxed, and burden of tax is charged by the final consumer.

As per the GST regime, a business having an estimated annual turnover exceeds Rs.40 lakhs must get GST Registration. However, the Special Category states shall be liable to get GST Registration if the aggregate turnover in a financial year exceeds Rs 20 lakhs. Below is the list of states which are assigned special status or category under Goods and Services Tax Law (Section 22 of the Central Goods and Services Tax Amendment (CGST Act, 2018) :

• Arunachal Pradesh
• Assam
• Jammu & Kashmir
• Manipur
• Meghalaya
• Mizoram
• Nagaland
• Sikkim
• Tripura
• Himachal Pradesh
• Uttarakhand

GST registration is mandatory for particular businesses like Export and Import, E-commerce, Casual Dealers, and also the Market Place Aggregator. These business units need a GSTIN irrespective of the annual business turnover.

GST Registration usually takes between 3-6 Working days. The team in Enterslice will help you in getting new GST Registration in 5 easy steps.

GST Registration - Eligibility Criteria

• Individuals who are registered under the pre-GST law such as Excise, VAT, Service Tax etc.
• Business having a turnover above the specified threshold limit of Rs. 40 lakhs and Rs 20 lakh for special category states.
• Casual Taxable person or Non –Resident Taxable person.
• Agents of supplier and Input Service Distributor.
• Agents of Supplier and Input Service Distributor.
• Assesses paying taxes under the Reverse Charge Mechanism.
• Those who supplies via e-commerce aggregator.
• Individuals supplying online information and database access from outside India to a person residing in India.
• Business with multiple branches in different states must register one branch as main office or head office and the remaining branches as additional offices. (This does not apply if the business has separate verticals as listed in Section 2 (18) of the CGST Act, 2017.)

Benefits of New GST Registration

• Businessess is legally recognised as supplier of goods or services.
• Appropriate accounting of taxes paid on the input goods or services which can be utilized for payment of GST due on supply of goods or services by taxpayers.
• Taxpayers are eligible to avail various other benefits and privileges under the GST laws.
• Lower tax rates under composition scheme.
• Relief from the double taxation system.
• Improved logistics by way of E-way Bill.

Online Process for GST Registration

• Visit the GST portal https://www.gst.gov.in/.
• Click on ‘Registration’ given under the ‘Services’ tab and then click on ‘New registration.
• From the drop-down menu of select ‘taxpayer’.
• Fill form GST REG-01 to get new registration and also enter details such as the legal name of the business, state, e-mail address, mobile number and PAN card.
• Verify all information by entering the one-time password or OTP sent in your mobile number and e-mail Id, and click on ‘Proceed’.
• After completing the process move to Part B. A Temporary Reference Number (TRN) will be send after completion of verification.

GST Registration – PART B

• To begin with Part B, login with the given TRN and then enter the CAPTCHA code provided. Complete the verification by entering the OTP sent in your e-mail id and the registered mobile number. You will be redirected to the GST registration page.
• In next step you have to submit business information such as- name of the company, PAN, name of state of registering the business, date of commencement of the business, date of commencement of the business. In this page, the taxpayer has to mention if he/she has any existing registration.
• Submit details of up to 10 partners or promoters of the business. In case of proprietorship firm, submit the details of the proprietor. Also provide personal details such as designation, DIN (Director Identification Number), PAN and Aadhaar number.
• Submit the details of the concerned person who is authorised to file GST returns.
• Add the place of business, address, official contact details and also nature of possession of premises.
• Add details of all additional places of business, details of goods and services that is to be supplied and the bank account details of the company.
• Upload all the required documents based on the type of business.
• Click on ‘Save and continue’. After submitting the application it must be signed digitally.
• Click on ‘Submit’ and save the details.
• After submission an Application Reference Number (ARN) will be received via email or SMS to confirm the registration.

Documents for Online GST Registration

The documents needed for GST Registration varies as per the type of business. The necessary documents for all business types have been listed below:

For Sole Proprietorship Firms

• Aadhaar Card, PAN card and a photograph of the sole proprietor
• Details of the Bank Account: Bank statement or a cancelled cheque
• Address Proof of Office
• In case of own office- Copy of Electricity Bill or Water Bill or property tax receipt or landline bill or a copy of Municipal Khata.
• In case of Rented Office- Rent Agreement and NOC or No Objection Certificate from the owner. 

For Private Limited Company or Public Limited Company or One Person Company

• PAN Card of the Company
• Registration Certificate
• MOA or Memorandum of Association/Articles of Association or AOA
• Aadhaar card, PAN Card and a photograph of all the Directors
• Details of Bank Account- Bank statement or a cancelled cheque
• Address Proof of Office

• In case of own office- Copy of Electricity Bill or Water Bill or property tax receipt or landline bill or a copy of Municipal Khata.
• In case of Rented Office- Rent Agreement and NOC or No Objection Certificate from the owner. 

• Letter of Authorization-Appointment proof of the authorized signatory

For Hindu Undivided Family or HUF

• A copy of PAN Card of HUF
• Aadhaar card of the Karta and Photograph
• Address proof of the place of business.
• In case of own office- Copy of Electricity Bill or Water Bill or property tax receipt or landline bill or a copy of Municipal Khata.
• In case of Rented Office- Rent Agreement and NOC or No Objection Certificate from the owner. 
• Bank Details-Bank Statement or a cancelled cheque

For Society or Trust or Club

• PAN Card of Society or trust or club
• Registration Certificate
• PAN Card and Photo of the Promoter or Partners
• Address proof of the place of business.
• In case of own office- Copy of Electricity Bill or Water Bill or property tax receipt or landline bill or a copy of Municipal Khata.
• In case of Rented Office- Rent Agreement and NOC or No Objection Certificate from the owner. 
• Bank Details-Bank Statement or a cancelled cheque
• Letter of Authorization-Appointment proof of the authorized signatory

For Partnership Firm or LLP

• Aadhaar Card, PAN card and a photograph of all the partners
• Address proof of the place of business.
• In case of own office- Copy of Electricity Bill or Water Bill or property tax receipt or landline bill or a copy of Municipal Khata.
• In case of Rented Office- Rent Agreement and NOC or No Objection Certificate from the owner. 
• Bank Details-Bank Statement or a cancelled cheque
• In the case of LLP: Registration Certificate, Copy of Board Resolution, Letter of Authorization-Appointment proof of the authorized signatory

Fees for GST Registration

The process of new GST registration involves many steps and documentation. An option to select the SAC/HSN code is available at the time of registration. For filing this process requires sound knowledge of the GST laws.

Hence , it is suggested to take help from Professionals to get GST Registration. Our team at Enterslice will provide you end to end service for GST registration. GST Registration fees starts from Rs 1499 onwards.

Penalty for Non-Filing of GST

The CBIC or Central Board of Indirect Taxes and Custom issued the Standard Operating Procedure (SOP) according to it, non-filing of GST returns can even lead to attachment of bank accounts and even cancellation of GST registration of the defaulter.

Filing online GST returns in time is critical to avoid the late fees which is levied on taxpayers for any form of delay made.

As per the CGST Act, a taxpayer will be liable to pay a fine of Rs. 100 per day for delay in filing of Central Goods and Services Tax (CGST) and State Goods and Services Tax (SGST) . This makes it a total penalty of Rs. 200 for each day the delay continues. However, the maximum limit for the late filing penalty has been set to Rs. 5000.

Along with this, the taxpayer will also be liable to pay interest at 18% per annum in case of any delay in filing the online GST returns. The interest is calculated from the day following the due date of filing the return till the date on which the taxpayer makes the payment.

Types of GST Returns

GSTR 1: Return for Outward Supplies

GSTR 1 consists of the information of the supplier’s outward supplies or services provided. The GSTR 1 must be filed by the 10th day of a month and includes information such as:

• Previous year’s aggregate turnover and
• Taxable outward supplies.

As per 39th GST Council Meeting - GSTR-1 for 2019-20 will be waived for certain taxpayers who could not opt for the special Composition Scheme

GSTR 2: Return for Inward Supplies

• GSTR-2 is a monthly return of the inward supply of goods and services as agreed by the recipient of the goods and services.
• In other words, GSTR-2 includes the details with regard to the purchases made by the recipient in a particular month.

GSTR 2A: Read Only Document

• GSTR-2A is basically a read only document.
• This document gets auto-generated once the supplier uploads the details in GSTR-1.
• It can be said that, GSTR-2A permits the recipient to verify the details uploaded by the supplier in GSTR 1.
• Also the recipient can accept, reject and modify or keep the invoices pending using the given details. Such modifications are made by the recipient in GSTR 2.
• GSTR-2A is available for every normal registered taxpayer filing GST returns.

GSTR – 3B: Summary of the Inward and Outward Supplies

• GSTR 3B is a simplified monthly return of inward and outward supplies.
• It is self-declaration mentioning the summary of GST liabilities of the taxpayer for the tax period in question. 
• It assists the taxpayer to discharge the tax liabilities on time.
• GSTR-3B is a form which cannot be revised.

GSTR – 4/CMP-08: Return for Composition Dealers

• GSTR-4 is a quarterly return which needs to be filed by a registered taxpayer who has signed up for the Composition Scheme.
• Under the composition scheme, small taxpayers having a turnover of up to Rs 1.5 Crore need to pay tax at a fixed rate and file quarterly return.
• This is unlike the normal registered dealer who files three returns every month including GSTR-1, GSTR-2 and GSTR-3B.
• CMP-08 has replaced GSTR-4.
• CMP-08 is filed on a quarterly basis.

GSTR – 5: Return for Non-Resident Taxable Person

• GSTR-5 is be filed by non-resident foreign taxpayers, who are registered under GST Regime and carry out business transactions in India.
• The return consists of details of all outward supplies made, inward supplies received, credit or debit notes, tax liability and also the taxes paid.
• The GSTR-5 return is filed monthly for each month.

GSTR-6: Returns for Input Service Distributor

• GSTR-6 is a monthly return to be filed by an Input Service Distributor (ISD).
• It contains details of input tax credit received and distributed by the ISD.
• It will also contain details of all the documents issued for the distribution of input credit and the manner of distribution.

GSTR-7: Authorities deducting tax at source

• GSTR-7 is a monthly return to be filed by the persons required to deduct TDS or Tax deducted at source under GST.
• It will contain the details of TDS deducted, TDS liability payable and also paid along with TDS refund claimed, if any.

GSTR-8: Supplies details effected through E-commerce operators and tax amount paid

• GSTR-8is a monthly return which is filed by e-commerce operators registered under the GST who are required to collect tax at source or TCS.
• It will contain details of all supplies made through the E-commerce platform, and the TCS collected on the same.

GSTR-9: Annual Return

• GSTR-9 is the annual return which is to be filed by taxpayers registered under GST.
• Taxpayers who have chosen the Composition Scheme, Casual Taxable Persons, Input Service Distributors, Non-resident Taxable Persons and persons paying TDS under section 51 of CGST Act are exempted from filing GSTR-9.

GSTR-9A: Annual return for a compounding taxable person

• GSTR-9A is a consolidation of all the quarterly statements filed during the financial year.
• Taxpayers registered under the composition scheme have to file this as annual return.

GSTR-9C: Reconciliation of Input Tax Credit and Certification

• GSTR-9C must be filed for every GSTIN; hence from one PAN multiple GSTR-9C forms can be filed.
• Taxpayers exceeding a turnover of Rs.2 crore in a financial year must file GSTR-9C as a reconciliation statement.
• As per 39^th GST Council Meeting - businesses with an annual turnover of less than Rs 5 crore, filing of GSTR-9C for Financial Year 2018-19  is to be waived off.

GSTR-10: Final Return

• GSTR-10 must be filed by a taxable person whose registration has been cancelled or has surrendered.
• This return is also known as final return and must be filed within 3 months from the date of cancellation or cancellation order, whichever is earlier.

GSTR-11: UIN with inward supplies claiming a refund

• GSTR-11 contains details of inward supplies received and also the refund claimed.
• Individuals having a Unique Identity Number (UIN) need to file GSTR-11 in order to get a refund under goods and services purchased by them in India.

Due Dates for Filing GST Returns

The due date of Form GSTR-3B for July 2019 to January 2020 is extended till 24th March 2020 for taxpayers with a principal place of business in the Union Territory of Ladakh. Also, a similar extension is recommended for Form GSTR-1 and Form GSTR-7.

Why Choose Enterslice for GST Registration?

Enterslice provides top rated GST Registration service in India. We at Enterslice deliver GSTIN within 3 to 6 working days. GST Experts in Enterslice will guide on applicability, registration and also will help you in meeting the Compliance mentioned under the CGST Act.

• Purchase plan for GST Registration in Enterslice ranging from Rs 1,499/- onwards.
• A CA will be assigned to look after your order.
• You need to upload the documents via mobile or our website.
• Our team of Experts will submit documents after in-depth scrutiny of the documents.
• After Filing on GST Portal ARN will be shared with you for future references.
• In next step GSTIN will be issued – GST Department will issue a certificate in 2-3 Working days.

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