GST Registration

GST is Goods & Service Tax introduced by the Government on July 01, 2017. GST is a consumption based tax levied on sale, manufacture and consumption on goods & services at a national level. State GST (SGST) which will be levied by State and Integrated GST (IGST) – which will be levied by Central Government on inter-State supply of goods and services.

With a view to abolish several other indirect taxes and to create a single taxation system, GST was introduced in India. Also, GST helps in the ease of collection and to enhance the efficiency of the process.

1. Every business carrying out a taxable supply whose turnover exceeds the threshold limit of Rs. 40 lakhs (Rs 20 lakhs for North Eastern and hill states) for sale of goods and Rs. 20 Lakhs (Rs 10 lakhs for North Eastern and hill states) under supply of services is required to register as a normal taxable person. This process of registration is called GST registration.

2. Apart from the normal taxpayer (as defined above), there are few special cases (as explained below) that have to register for GST irrespective of their turnover.

• Every person who is registered under the Pre-GST law (i.e., Excise, VAT, Service Tax etc.) needs to register under GST.
• When a business which is registered has been transferred to someone, the transferee shall take registration with effect from the date of transfer.
• Anyone who drives inter-state supply of goods
• Casual taxable person
• Non-Resident taxable person
• Agents of a supplier
• Those paying tax under the reverse charge mechanism
• Input service distributor
• E-commerce operator or aggregator
• Person who supplies via e-commerce aggregator
• Person supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered taxable person

GST regimes were made by considering all the layman and inflation rates in mind. To make it simpler and easier, the GST was structured following the four tiers structure. The four major tax slabs under GST are 5%, 12%, 18%, 28%.

Based on the type of Goods or Service you deal in the GST Rates shall differ, you can view all product wise GST Rates from here.

Exempt supplies comprise the following three types of supplies:

Supplies taxable at a ‘NIL’ rate of tax* (0% tax);

Supplies that are wholly or partially exempted from CGST or IGST, by way of a notification amending Section 11 of CGST Act or Section 6 of IGST Act;

Non-taxable supplies as defined under Section 2(78) – supplies that are not taxable under the Act (For Example Alcoholic liquor for human consumption.

Tax need not be paid on these supplies. Input tax credit attributable to exempt supplies will not be available for utilization/setoff. 

*Zero-rated supplies such as exports would not be treated as supplies taxable at ‘NIL’ rate of tax;

Sole Proprietor

a) PAN of Proprietor

b) Proof of Address (Aadhar/Passport/Electricity Bill)

c) Photo

d) Proof of registered office address (Lease Deed/Electricity Bill/Rent Agreement)

e) Consent letter, if property not owned

f) Cancelled Cheque Copy/Bank Statement/First page Passbook of Bank Account

Partnership Firm

a) Partnership Deed

b) PAN of Firm

c) PAN of Partners

d) Proof of Address of Partners (Aadhar/Passport/Electricity Bill)

e) Proof of registered office address (Lease Deed/Electricity Bill/Rent Agreement)

f) Letter of Authority

g) Consent letter, if property not owned

h) Cancelled Cheque Copy/Bank Statement/First page Passbook of Firm Bank Account

Limited Liability Partnership

a) PAN of LLP

b) Certificate of Incorporation

c) PAN of all partners

d) Proof of Address of Partners (Aadhar/Passport/Electricity Bill)

e) Photo of all partners

f) Proof of registered office address (Lease Deed/Electricity Bill/Rent Agreement)

g) Letter of Authority

h) Consent letter, if property not owned

i) Cancelled Cheque Copy/Bank Statement/First page Passbook of LLP Bank Account

Companies

a) PAN of Company

b) Certificate of Incorporation

c) PAN of all Directors

d) Proof of Address of Directors (Aadhar/Passport/Electricity Bill)

e) Photo of all partners

f) Proof of registered office address (Lease Deed/Electricity Bill/Rent Agreement)

g) Letter of Authority

h) Consent letter, if property not owned

i) Cancelled Cheque Copy/Bank Statement/First page Passbook of Company Bank Account

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