GST Registration is the process of enrolling a business under the Goods and Services Tax (GST) system, enabling it to collect and remit GST on goods or services supplied. It is mandatory for businesses whose annual turnover exceeds a specified threshold. Once registered, businesses receive a unique GST Identification Number (GSTIN).
GST Registration
Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India. GST registration is mandatory for businesses whose turnover exceeds a specified threshold or those engaging in certain types of activities, such as inter-state supply of goods and services.
The eligibility criteria for GST Registration in India are;
- Turnover Threshold: Businesses with an annual turnover exceeding ₹40 lakhs (₹20 lakhs for services) in most states must register. For special category states, the threshold is lower.
- Interstate Sales: Any business involved in the supply of goods or services across state borders must register for GST, regardless of turnover.
- E-commerce & Casual Taxable Persons: E-commerce operators and those with occasional or non-regular businesses must register, irrespective of turnover.
- Turnover Threshold: Businesses with an annual turnover exceeding ₹40 lakhs (₹20 lakhs for services) in most states must register. For special category states, the threshold is lower.
- Legal Compliance: Ensures that your business is compliant with Indian tax laws.
- Input Tax Credit: Enables businesses to claim input tax credit on purchases, reducing the overall tax burden.
- Inter-state Operations: Necessary for businesses engaged in inter-state supply of goods and services.
- Competitive Edge: Builds credibility with customers and suppliers as a registered entity.
- Avoid Penalties: Prevents penalties and fines associated with non-registration.
- Legal Compliance: Ensures that your business is compliant with Indian tax laws.
- Preparation: Collect necessary documents and information.
- Application Submission: Fill out and submit the GST registration application online.
- Verification: Authorities verify the application and documents.
- GSTIN Issuance: Upon successful verification, GSTIN is issued.
- Preparation: Collect necessary documents and information.
- PAN Card: Personal and business PAN of the applicant.
- Proof of Business Address: Rent agreement, property tax receipt, or electricity bill.
- Bank Details: Cancelled cheque or bank statement.
- ID and Address Proof: Aadhaar card, passport, or voter ID of business owners or partners.
- Business Constitution Proof: Partnership deed, incorporation certificate, or other legal documents.
- Photograph: Passport-sized photos of owners, partners, or directors.
- Authorization Letter: For authorized signatories (if applicable).
- PAN Card: Personal and business PAN of the applicant.
- Eligibility Assessment: Determine if your business is required to register for GST based on turnover and nature of operations.
- Documentation Assistance: Guidance on necessary documents such as PAN card, Aadhaar card, business address proof, and bank account details.
- Application Filing: Complete and file the GST registration application on your behalf.
- Follow-up and Liaison: Continuous follow-up with GST authorities to expedite the registration process.
- GSTIN Issuance: Ensure that you receive your GST Identification Number (GSTIN) promptly.
- Post-registration Support: Assistance with compliance and filing of GST returns after registration.
- Eligibility Assessment: Determine if your business is required to register for GST based on turnover and nature of operations.
Any business with a turnover exceeding the specified threshold or engaging in inter-state supply of goods and services must register for GST. Certain businesses, like e-commerce operators, must register regardless of their turnover.
Typically, it takes about 3-7 working days to receive a GSTIN after the application and documents are verified.
Failing to register for GST can result in penalties, fines, and legal consequences. It may also impede business operations, especially for inter-state transactions and dealings with registered entities
GST registration is mandatory for businesses whose turnover exceeds the specified threshold or those engaging in inter-state supply of goods and services.
GST registration is valid as long as the business is operational and compliant with GST regulations. There is no need for renewal unless there are changes in business details or structure.
Legal Disclaimer
The information on this website is provided for general informational purposes only. It does not constitute legal or professional advice. We do not guarantee the accuracy, timeliness, or completeness of the information provided. You should always seek the advice of a professional consultant or attorney regarding your specific situation. Use of this website is at your own risk and subject to our Terms of Use.
SS Auditors understands the importance of client satisfaction and strives to provide high-quality auditing services. However, it is important to note the following refund policy:
Cancellation & Refund Policy
S S AUDITORS AND TAX CONSULTANTS believes in helping its customers as far as possible, and has therefore a liberal cancellation policy. Under this policy:
• Cancellations will be considered only if the request is made immediately after placing the order. However, the cancellation request may not be entertained if the orders have been communicated to the vendors/merchants and they have initiated the process of shipping them.
• S S AUDITORS AND TAX CONSULTANTS does not accept cancellation requests for perishable items like flowers, eatables etc. However, refund/replacement can be made if the customer establishes that the quality of product delivered is not good.
• In case of receipt of damaged or defective items please report the same to our Customer Service team. The request will, however, be entertained once the merchant has checked and determined the same at his own end. This should be reported within only same day days of receipt of the products. In case you feel that the product received is not as shown on the site or as per your expectations, you must bring it to the notice of our customer service within only same day days of receiving the product. The Customer Service Team after looking into your complaint will take an appropriate decision.
• In case of complaints regarding products that come with a warranty from manufacturers, please refer the issue to them. In case of any Refunds approved by the S S AUDITORS AND TAX CONSULTANTS, it’ll take 3-5 Days for the refund to be processed to the end customer.
Legal Disclaimer
The explanations and information provided on this page are general and high-level guidelines on how to write your own Shipping Policy. This article should not be relied upon as legal advice or specific recommendations, as we cannot foresee the exact shipping policies you wish to establish between your business and your customers. We recommend seeking legal advice to assist you in understanding and creating your own Shipping Policy.
Shipping Policy - The Basics
A Shipping Policy is a legally binding document that establishes the legal relations between you and your customers. It provides a framework for outlining your obligations and addressing various potential issues that may arise, and what happens in each case.
A Shipping Policy is good practice and benefits both sides—you and your customers. Customers benefit from being informed about what to expect from your service, while you benefit because clear Shipping Policies can attract more customers by eliminating uncertainties about shipping timeframes or processes.