GST Registration

What is GST Registration?

GST Registration was introduced in India in July 2017. As per the act, it’s a mixture of indirect taxes like VAT & Service tax for the same. It is required when your turnover or sales cross more than 40 lakh rupees in a year (10 lakh for Northeast * Hill States) as per the latest amendment from 1st April 2019.

For some specific businesses, it is mandatory registration without crossing the turnover limit. For ex: if you are running an e-commerce business then you have to require the GST Registration from the starting of business.

We at Taxmate help you with GST Registration Online which takes only 2-3 working days and got the verified GST Certification with login details in your Email Inbox.

Who is required New GST Registration?

✔ Previous Law Converted Taxpayer – if any individual or companies are registered under the previous tax law like service tax or VAT or CST etc., then they have required the New GST Registration.

✔ Turnover basis – if your business sales or turnover cross more than 40 lakh rupees in a year then it’s required the GST Registration. For some states like North-Eastern States, J&K, Himachal Pradesh, and Uttarakhand the limit is only 10 lakh rupees in a year.

✔ Event or Exhibition – In the GST Act it’s called the casual taxpayer. If they don’t have any permanent place of business then they can apply for the casual taxpayer under the GST Registration. It’s valid for a maximum of 90 days (3 months).

✔ Non-Resident Indian (NRI) – if any individual or companies are registered under the previous tax law like service tax or VAT or CST etc., then they have required the New GST Registration.

✔ The agent of Suppliers or Input tax Distributor – if any individual or companies are registered under the previous tax law like service tax or VAT or CST etc., then they have required the New GST Registration.

✔ Reverse Charge Mechanism – if any individual or companies are registered under the previous tax law like service tax or VAT or CST etc., then they have required the New GST Registration.

✔ E-commerce Sellers – if any individual or companies are registered under the previous tax law like service tax or VAT or CST etc., then they have required the New GST Registration.

✔ E-Commerce Aggregator Portal – if any individual or companies are registered under the previous tax law like service tax or VAT or CST etc., then they have required the New GST Registration.

✔ Outside India Online Portal – if any individual or companies are registered under the previous tax law like service tax or VAT or CST etc., then they have required the New GST Registration.

What is GST Registration Number?

✔ GST Registration Number is 15 Digit identification number that is allotted to each applicant. It’s completely based on the Pan Number and State code. The first two digits represent the state code and another 10 digits represent the Pan number of the client, one digit represents the entity code (Like proprietorship firm or partnership etc.,), one digit is blank and the last one represents check digit.

What are the Modes of GST in India?

For the GST administration, a model was designed where the government (Central and State) have powers to impose and collect taxes through their respective legislations. The Modes of GST are given below:-

✔ Central GST

CGST is the tax imposed on the Intra State supplies of goods and services by the Central Government. When the place of the seller and the buyer is in the same state it is termed as an Intra-state supply of goods or services. Here, a seller has to collect both CGST and SGST in which CGST remains with the Central government while the SGST is collected by the State government.

✔ State GST

SGST is the tax levied on the Intra State supplies of goods and services by the State Government.

✔ Integrated GST

Integrated GST is governed by the IGST Act, where the seller has to collect IGST from the buyer, and the tax collected will be divided between the Central and State Governments.

✔ Union Territory GST

Union Territory GST is applicable when any goods and services are used in the Union territories (UTs) of India and the revenue is collected by the government of union territory.

What are the Modes of GST in India?

For the GST administration, a model was designed where the government (Central and State) have powers to impose and collect taxes through their respective legislations. The Modes of GST are given below:-

a) In the case of Sole Proprietorship Firm

✔ Pan Card and Address Proof of the proprietor.

✔ Any other firm registration certificate like MSME Registration etc.

b) In case of Partnership Firm

✔ Pan card of the Partnership Firm with the deed.

✔ Partnership registration certificate & partner’s id & address proof.

c) In the case of Private Limited Company or One Person Company

✔ Pan Card of the Company, COI, MOA & AOA of Company.

✔ Board Resolution with Directors Id & Address Proof.

d) In the case of LLP (Limited Liability Partnership)

✔ COI & Pan Card of Company.

✔ Deed + Partners Id & Address Proof