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Goods & Service Tax was introduced and notified on 01st Day of July, 2017 through the implementation of 101th Amendment of the Constitution of India. GST is applicable for Manufacturers, Traders, Service Providers, retailer, wholesaler and other service providers.
Goods and Service Tax (popularly known as GST) is the biggest tax reforms that has happened in Independent India and it has helped immensely the intent of the Government to ensure “Ease of Doing Business”. GST registration is mandatory for all entities involved in the buying or selling or providing of services in India after crossing a fixed threshold.
Goods & Service Tax (GST) is governed by GST Council which is an apex member committee to modify, reconcile or to procure any law or regulation based on the context of goods and services tax in India. The GST council is responsible for any revision or enactment of rule or any rate changes of the goods and services in India. It consists of following members:
On successful registration an identification number is being issued to all the entities which is known as Goods & Service Tax Identification Number (GSTIN).
GST Registration is an online process at www.gst.gov.in which involves submission of all the business details pertaining to the tax payer and scanned documents. Although the process is online, it requires due consideration of a Professional to go while getting GST Registration hassle free.
You can opt for Compliance Calendar LLP Goods and Services Tax (GST) Registration services where a GST Expert will assist you with end to end with GST Registration Process.
With the introduction of GST (Goods and Service Tax), it has eliminated multiple indirect taxes like Excise, Octroi, Sales tax, Service tax, CENVAT, Turnover tax etc. and has resulted in the elimination of double charging in the system for a common man.
Every Business and profession related to any activity whether Purchase, Sale, Import, Export, Trade or Service are eligible for GST Registration.
If your business turnover exceeds Rs. 40 lakhs (Rs 10 lakhs for North-East states, J&K, Himachal Pradesh, and Uttarakhand), the business needs to register under the GST Regime. For service sector, it continues to be Rs. 20 lakhs.
Earlier the threshold of Rs. 40 lakhs used to be Rs. 20 lakhs when GST came into role in India from July 1, 2017. CBIC notified the increase in threshold turnover from Rs 20 lakhs to Rs 40 lakhs. The notification has come into effect from April 1, 2019.
Goods and Services Tax is a consolidated indirect tax policy that encompasses VAT, CST, Service Tax, Central Excise duty, Entertainment Tax, etc. and is valid all over India with effect from July 1, 2017
For certain business types, registration under GST Law is compulsory:
If the organization carries on its business operations without GSTIN, the business will be under default and it will cause an offence under GST Regime and heavy penalties will apply.
The following documents are generally required along with business information depending on the sales and/or services rendered by the Business Entity:
Below are Specific Documents Required Depending on the Entity Type
For Partnership Firm
For Proprietorship Firm
GST Application is completely an online process at www.gst.gov.in. However, it can be summed up in below 4 steps:
After receiving the Documents and required information depending on the type of sales and/or services, the GST Application Process starts on the GST Portal. We will file your application online and provide you ARN number immediately. Once the GST application and the attached supporting documents are verified by the backend Officer of the GST Portal, GSTIN and GST Certificate is generated which is sent to you by CCL Team.
This section is to help you download some important documents that will help you to move GST Application Faster.
GST Registration is completely an online process at www.gst.gov.in and you can do the same yourself if you have the knowledge about it. However, it is recommended to consult a professional who can help you in entire process of obtaining GST Registration. Know that if your details and documents are found inconsistent, the application will get rejected.
Selecting the right jurisdiction is the first most important task while applying for GSTIN. You can use this link https://cbic-gst.gov.in/know-your-jurisdiction.html to locate your right jurisdiction or get in touch with CCL Team to help you file your GST Application.
Thankfully Yes! You can find answers to all your general queries regarding new GST Registration at https://cbic-gst.gov.in/faqs-user-manual-new-gst-registration.html
Provisional GSTIN (PID) should be converted into final GSTIN within 90 days. Yes, provisional GSTIN can be used till final GSTIN is issued. PID & final GSTIN would be same.
Separate registration as tax deductor is required.
An unregistered person has 30 days to complete its registration formalities from its date of liability to obtain registration.
You would be able to apply for new registration at the GST Portal www.gst.gov.in
No. The supplier would be liable to obtain registration in case of inter-State supplies irrespective of his turnover.
If exclusively making supplies of Nil rated supplies, registration is not compulsory. Kindly refer section 23 of CGST Act.
You may directly take GST registration on www.gst.gov.in
You can supply goods or services or both on bill of supply without mentioning GSTIN and/or ARN. On receipt of GSTIN, you will need to issue revised invoice mentioning GSTIN. You are required to reflect this supply in your return and also pay tax thereon.
There is no such requirement under GST law.
We are the market experts in registration and compliance. We can help you with end to end services in GST Registration. It is a legal process so it is prudent to assign the work to a professionally managed firm.