What is GST registration?
The Goods and Services Tax (GST), which was passed on July 01, 2017, is applicable to all Indian service
providers, traders, and manufacturers. Several central taxes such as CST, service tax, and excise duty, as well as state taxes such as VAT, entertainment tax, octroi, and luxury tax, have been combined into a single tax known as GST, which was launched on 01.07.2017.
Every business with annual revenue of more than Rs.40 lakhs is required to register for GST. Certain types of businesses require GST registration. If a business is operated without being registered for GST, this is a violation of GST law. This law was passed on 01 July 2017, with the goal of eliminating all other indirect taxes in the country. GST is applicable to all services and goods(except the exempted one) produced and manufactured in India. As a result of the new labour law modifications, this would also apply to freelancers.
GST Registration Online
There is a simple way to undergo online GST registration. Taking the help of the automated process, all the
paperwork can be easily submitted online without needing any physical documentation.
Who Should Register for GST?
GST registration is only possible only for those who meet certain criteria. Below is a list of the ones who are
eligible to register for GST:
Individuals who were registered prior to the implementation of the GST (i.e. VAT, Service Tax, Excise etc.)
Casual taxpayer / Non-Resident taxpayer
Agents of a supplier & input service distributors
An Individual who supplies via an e-commerce aggregator
All Ecommerce aggregators.
Businesses with a turnover in excess of Rs.40 lakhs* (Rs.10 Lakhs for North-Eastern States, J&K, Himachal
Pradesh and Uttarakhand)
Those who are subject to the reverse charge mechanism
A person (other than a registered taxable person) provides online information and database access or retrieval services from a location outside India to another person in India.
What is GST Registration Process?
The GST Registration process refers to the complete online process of registering for GST in India. It is
completely automated and does not require manual intervention or physical paper submissions.
Read further on how to undergo GST registration below, but first, let’s take a glance at the list of documents
required to do so
Documents Required for GST Registration
GST registration requires a plethora of documents that are enlisted below simply on the basis of personas
GST registration documents required are as follows:
1 Sole Proprietorship
a. Identification and Address proof of the sole proprietor
b. PAN card
c. Other information (If any)
2 Private Limited Company
a. Certificate of Incorporation
b. PAN card
c. Digital signature certificate
d. DIN number
e. MOA and AOA
f. Board resolution signed by the Directors
g. Registered business address
h. Identification proof of all the directors
3 Limited Liability Partnership
a. Address proof of the LLP
b. PAN card of the LLP
c. LLP Agreement
d. Name of the partners and other information (If any)
GST Registration Fees
While the government of India does not impose a fee for GST registration online under the Goods and Services Tax (GST) system, individuals and companies registering for GST online are required to pay the GST registration fees for professional services. By using SS Auditor's professional services, businesses can look forward to lucrative deals that can be cost-effective as well as pocket friendly.
GST Registration online with SS Auditor's is a simple and hassle-free process. The applicant only needs to submit the required documents, provide important information such as business details, and pay the service provider's cost
What are the components of GST?
GST is composed of three components, which are commonly referred to as
1 Central Goods and Services Tax (CGST)
2 State Goods and Services Tax (SGST)
3 Integrated Goods and Services Tax (IGST)
Central Goods and Services Tax (CGST) – The CGST is levied on the intrastate supply of various goods
and services. Usually, the Central Government charges CGST and collects this. As a result, both the
Central and State Governments' GST collections will be combined, and revenue shared equally.
State Goods and Services Tax (SGST) – This tax is levied on the intrastate supply of various goods and
services. This tax is charged by the state government.
Integrated Goods and Services Tax (IGST) – The tax levied on the interstate supply of various goods
and services is referred to as integrated goods and services tax. Again, the IGST is collected and split
between the Central and State governments
Who needs GST Registration?
GST registration is required by business owners in India like service providers, traders, and manufacturers. GST registration is a must to carry out business-related transactions on a daily ongoing basis.
What are the GST tax rates?
The government has introduced a range of various tax rates for GST registration. These tariffs are subject to change in accordance with the government's requirements. The following website contains an exhaustive list of GST tax rates: https://cbic-gst.gov.in/gst-goods-services-rates.html (https://cbic-gst.gov.in/gst-goods-servicesrates.html).
Benefits of GST Registration
A business will reap numerous benefits from GST registration. Some of the most common benefits include the
1. Recognition: The law will recognize businesses that have registered in accordance with the GST
requirements. Consumers and the public will identify businesses that have registered in accordance with
the government's requirements.
2. Appropriate accounting: By registering with the GST authorities, you may ensure that appropriate
accounting cycles are followed.
3.Reduced tax rates: If a taxpayer's annual revenue is less than Rs.1.5 crore, the taxpayer may opt for the
composition tax system. There is an incentive to pay less tax under the composition tax scheme.
4.Government benefits and incentives: Numerous government benefits and incentives are available
to businesses that register for GST.
5.Double taxation relief: Any business that registers for GST in accordance with the government's
requirements qualifies for tax benefits and exemptions from double taxation.
6.E-way bill: By using this method of registration, a new logistics system known as the E-Way Bill can be
7.Penalty protection: If your firm meets the eligibility criteria for GST registration, you must register or face
penalties and/or fines.