GST is known as one of the biggest tax reforms of the country. This tax levies on both goods and services sold in India. GST registration stands for Good & Service Tax registration, which will apply to all India service providers, traders and manufacturers of products or services, whose turnover exceeds Rs. 20 lakh/10 Lakh. GST is levied on most goods and services sold for domestic consumption. The tax came into force on 1 July 2017 by the Indian Government, by the implementation of the One Hundred and First Amendment to the Indian Constitution. Established Central and State Government Taxes were replaced by the tax.
The existing taxpayers can enroll themselves under the GST database with the help of Careful Counting. Whether you are involved in buying or selling goods or providing services, you have to register under the GST. Entities without GST registration would not be allowed to collect GST from customers. With the help of professionals, businesses can get their GST registration done in a stipulated time frame to avoid future hassles. With GST registration, you will be enabled to avail various benefits under the GST regime. Multiple taxes are involved under the GST. So, if you want to avoid any kind of interface with tax authorities, then timely registration of GST under the guidance of experts is very important.
Why should you choose GST Registration?
1. To reduce the cost of administration.
2. To boost your savings and investments.
3. To reduce individual income tax rates.
4. To maintain transparent and corruption-free tax administration.
5. To lower prices of goods and services.
6. To maintain an efficient supply chain.
What documents will be required for GST Registration?
It’s very easy to get GST registration for your small, medium and large enterprises. Following is the list of documents that you need to get GST Registration done without hassle-
- Provisional ID.
- Partnership deed in the case if partnership.
- PAN of Business (Partnership firm, LLP, Company etc.)
- Identity and address proof of the partners/directors/CEO
- Registration certification of business entity.
- Photographs of promoter and partners.
- Photograph of appointment of the authorized signatory.
Who should get GST registration?
You need GST registration if you –
- have an annual turnover of Rs. 20 Lakhs (10 lakhs for northeastern states).
- have previous registration under VAT, Excise Laws, Service Tax Laws
- are operating in multiple states.
- are selling goods on online platforms
- have an interstate supply of goods and services.
- are engaged in supply as an agent.
- are working as a service distributor.
- are providing services outside India.
People who do not need registration under GST
- Person supplying exempted goods or services.
- People who are required to pay tax under reverse charge
- Every Electronic commerce operators
- An agriculturist to the extent of supply of produce out of cultivation of land.
- Persons making any inter-state taxable supply
- Casual taxable persons
- Supplier of online information
- Non-resident taxable persons
- Input service distributor
- Deductor of tax at source
GST Registration process
Well, the GST registration process is quite easy. While providing you GST registration in India and other states, we follow the steps below –
Step #1: – Create a login account on the GST website to initiate the registration process. We enter your basic details and wait until your basic details are verified. After that, you need to fill the form with all the required information and complete all the related formalities like uploading documents and editing.
Step #2: – Once the application form is filled and submitted, then it is forwarded to the officer for the examination of the application and the verification of documents.
Step #3: – Once the application is approved by the officer, a certificate of registration will be issued through a common portal on registered Email ID. You can easily download the certificate using your ID and password.
Getting expert help is essential while generating your GST number for the first time. As GST number is generated by the GST Department of India, you need to be very precise while filling the form and submitting your documents. for more info visit taxfyle.com/blog/independent-contractor-taxes
Cancellation of GST registration certificate
In the circumstances specified in Article 29 of the CGST / SGST Act, the registration issued in compliance with this Act shall be cancelled by the responsible officer. In case of death of that person, the officer may, on his own motion or on a request lodged, revoke the registration in such a way as may be prescribed and within such time by the Registered Taxable Person or by his Legal Heirs. According to the registration rules, an order is to be given for cancellation within 30 days of receipt of the response to SCN or the date on which the request for cancellation was sent. However, the officer must follow the principles of natural justice before canceling the certificate.
