GST REGISTRATION SERVICE

Comprehensive Guide to Goods and Service Tax (GST) Registration in India

Introduction to Goods and Service Tax (GST):

Goods and Service tax (GST) is an indirect form of tax which replaced many Central and State taxes in India like VAT, Service tax, Excise duty, Entry tax, Octroi, etc and was the biggest tax reform in India in recent times. The Act came into effect on 1st July 2017; Goods & Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that is levied on every value addition.

GST is multi-stage as goods generally go through many stages and change hands from Manufacturer to wholesaler to retailer to consumer. There is a value addition at each stage hence GST is levied at each stage.

GST is destination-based tax, which means as the tax is collected by the state where the goods/service is consumed. For e.g, An equipment is manufactured in Tamilnadu and consumed in Karnataka, GST is levied at the point of consumption so tax revenue goes to Karnataka.

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When would GST registration be required:

Goods and Service tax (GST) is required if your annual turnover is more than 20 lakhs. Irrespective of the turnover in the below cases GST has to be applied:

Interstate sellers/service providers
E-commerce operator/aggregator
Exporters of Goods/Service
Vendors on E-commerce portals
Casual Taxable person- Person who supplies but has no fixed place

What is CGST, SGST, and IGST?

CGST is a tax levied on Intra State supplies of goods and services by the Central Government and is governed by the CGST Act.

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

For e.g, The Startup Zone provides GST registration service to a business registered in Karnataka for Rs.2000, GST levied is 18% which is Rs.360 in which CGST is Rs.180 and SGST is Rs.180

IGST is a tax levied on all Inter-State supplies of goods and/or services and will be governed by the IGST Act. IGST will be also applicable on any supply of goods and/or services in case of import into India or export from India.

For e.g, The Startup Zone provides GST registration service to a business registered in Outside Karnataka for Rs.2000, GST levied is 18% which is Rs.360 in which IGST is Rs.360.

Benefits of Goods And Services Tax:

Creation of a unified common market as GST is one tax across the nation
Removal of the cascading effect which was prevailing in VAT and other taxes
Introduction of GST has regulated the unorganized sector
Composition scheme for SME/MSMEs
Seamless GST input credit on goods/services
Simpler tax regime
Higher threshold for registration
Easy tax filing and documentation
Increased efficiency in logistics

Documents required for GST Registration:

Document	Proprietorship	Partnership	OPC	LLP	Pvt Ltd
PAN card of promoter/s	✓	✓	✓	✓	✓
PAN card of the company/firm	–	✓	✓	✓	✓
Aadhar card of promoter/s	✓	✓	✓	✓	✓
Photograph of promoter/s	✓	✓	✓	✓	✓
Board resolution/Authorized signatory document	–	✓	✓	✓	✓
DSC of the Authorized signatory	–	–	✓	✓	✓
Registered office documents such as Rental agreement/Sale deed/Latest tax paid receipt	✓	✓	✓	✓	✓
Utility bill	✓	✓	✓	✓	✓
Current account Bank statement/Cancelled cheque	–	✓	✓	✓	✓
Savings account Bank statement/Cancelled cheque	✓	–	–	–	–

Timeline – How long does it take to register GST in India

If everything is in order, it may take anywhere between 4 to 5 business days for registering GST. This timeline is further subject to Government processing, approval time, public holidays, etc.

GST Registration Fees / Cost:

There are no Government fees for GST registration. Our professional fees for is Rs. 2,000/-. The Charges may change depending on the number of Partners/Directors.

Due Dates for All GST Returns

Return Form	Particulars	Frequency	Due Date
GSTR-1	Details of outward supplies of taxable goods and/or services	Monthly	10th of the subsequent month
GSTR-2	Details of inward supplies of taxable goods and/or services to claiming input tax credit. As of now not applicable.	Monthly	15th of the subsequent month
GSTR-3B	Monthly return containing the details of outward supplies and inward supplies along with the payment of GST amount	Monthly	20th of the subsequent month
GSTR-4	Return that taxpayers opting for Composition Scheme need to furnish	Quarterly	18th of the month succeeding quarter
GSTR-5	Return for Non-Resident foreign taxable person	Monthly	20th of the subsequent month
GSTR-6	Return for Input Service Distributor	Monthly	13th of the subsequent month
GSTR-7	Return for authorities deducting tax at source.	Monthly	10th of the subsequent month
GSTR-8	Details of supplies through the e-commerce operator and the amount of tax collected	Monthly	10th of the subsequent month
GSTR-9	Annual Return	Annually	31st December of next financial year*
GSTR-9A	Annual Return	Monthly	31st December of next financial year*
GSTR-10	Final Return	Once, when registration is canceled/surrendered	Within three months of the date of cancellation or date of cancellation order, whichever is later.
GSTR-11	Details of inward supplies to be furnished by a person having UIN and claiming a refund	Monthly	28th of the month following the month for which statement is filed

* Subject to change by Notifications/ Orders