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    Goods and Service Tax

    GST Registration is applicable on all businesses whose turnover exceeds prescribed thresholds and required to apply within 30 days of becoming liable. Registered dealers can avail the credit of the tax paid by them as input tax credit. Companies Next team can assist you in obtaining GST registration with due care and ensure all compliance in this regard.  

    • Completely online process
    • Expert professionals
    • Timely and tax compliant registration
    • Ethical and transparent advice
    • Dedicated relationship manager



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    Overview


    Goods and Service tax (GST) is a ‘uniform’ ‘value added’ ‘indirect tax’ levied on supply of goods and services across the country. GST is a “destination-based tax” which is levied only on value addition at each stage because credits of input taxes paid at the time of procurement of goods or services are available and could be set off with output tax liability.   In any tax system, registration is the most fundamental requirement for identification of tax payers to ensure tax compliance in the economy. Registration of any business entity under the GST Law implies obtaining a unique GSTIN from the concerned tax authorities for the purpose of collecting tax on output goods/services on behalf of the government and to avail input tax credit for the taxes on the inward supplies.

    Things to Know


    Turnover Criteria:

      The mandatory registration criteria under GST is based on the turnover of the business. Currently, registration is mandatorily required if annual turnover exceeds Rs 40 Lacs for businesses other than specified states (Northeast and hill states) and Rs 20 Lacs for service providers. Such registration shall be taken within 30 days of becoming liable to registration.  

    Exemption from Registration:

      The following businesses are not required to get registered under the GST Act:
    • Persons falling in Threshold Exemption Limit
    • Any person exclusively in the business of supplying goods or services or both that are not liable to tax or wholly exempt from tax under this Central Goods and Service Tax Act or under the Integrated Goods and Service Tax Act.
    • An agriculturist, to the extent of supply of produce out of cultivation of land.
    • Persons engaged in activities that are neither Supply of Goods nor Services (e.g. Petrol)
    • Persons (Suppliers) making only supplies covered under reverse charge
         

    Levy of Tax:

      GST is levied on the supply of all goods and services except the supply of Petroleum crude, high-speed diesel, motor spirit (commonly known as petrol), natural gas and aviation turbine fuel, and alcohol for human consumption. These products and services are taxed by the individual State Governments, as per their respective tax laws.  

    Deemed Registration:

      Registration granted under the States Goods and Service Tax (SGST) Act or Union Territory Goods and Service Tax (UTGST) Act is deemed as a grant of registration under CGST Act, unless the application is specifically rejected in CGST Act within the specified time.  

    Compulsory Registration:

      Registration under GST is compulsory under certain circumstances as listed below:  
    1. Persons making any inter-State taxable supply except:
      1.  Person making inter-state supplies of taxable services up to Rs. 20 Lakh (Rs. 10 Lakh is case of special category states)
      2. Person making inter-state taxable supplies of notified handicraft goods up to Rs. 20 Lakh (Rs. 10 Lakh is case of special category states)
     
    1. Casual taxable persons making taxable supply
    2. A person required to pay tax under reverse charge
    3. A person required to pay tax under sub-section (5) of section 9
    4. Non-resident taxable persons making taxable supply
    5. Persons required to deduct tax under section 51, whether or not separately registered under this Act
    6. Persons who make taxable supply of goods or services or both on behalf of other taxable persons whether as an agent or otherwise
    7. Input Service Distributor, whether or not separately registered under this Act
    8. Persons who supply goods or services or both, other than supplies specified under sub-section (5) of section 9, through such electronic commerce operator who is required to collect tax at source under section 52
    9. Every electronic commerce operator
    10. Every person who is supplying online information and database access or retrieval (OIDAR) services from a place outside India to a person in India, other than a registered person
    11. Any other person or class of person as may be notified by the Government on the recommendations of the GST Council.

    Document Required


      Sole Proprietor

    • PAN Card
    • Aadhar card of the owner
    • Address Proof *
    • Photograph of the owner
    • Bank Account Details**

      LLP

    • Bank Account details**
    • PAN of all the partners
    • LLP Agreement/ Partnership Deed
    • List of Partners
    • Address proof of partners (passport, driving license, voters identity card, aadhar card etc.)
    • Address proof*
    • Photographs of all the partners and authorized signatories
    • Aadhar card of Authorized signatory
    • Proof of appointment of authorized signatory
    • In case of LLP, registration certificate/ board resolution of LLP

      Company

    • Copy of PAN of company
    • Certificate of Incorporation
    • Memorandum and Articles of Association
    • Copy of PAN and address proof of all the Directors
    • Board Resolution appointing authorized signatory
    • Copy of Proof address on which registration need to be obtained
    • Bank Account Details**
    • Address proof of principal place of business*
    • Photograph of all directors and authorized signatory.
    • PAN card and Aadhar card of authorized signatory.

    Why Companies Next


    • Completely online process
    • Expert professionals
    • Timely and tax compliant registration
    • Ethical and transparent advice
    • Dedicated relationship manager
    • Serving medium to large businesses
    • A proactive and responsive approach
          Our GST registration service includes:
    • Advising you on the process and documentation
    • Drafting of requisite documents as applicable
    • Filing of Application for Registration
    • Regular follow-ups till you secure GST Identification Number

    FAQ's


    • Tax payer is legally recognized as supplier of goods or services and is legally authorized to collect tax from his customers.
    • He can claim input tax credit of taxes paid on his purchases / procurements and can utilize the same for payment of taxes due on supply of goods or services.
    The mandatory registration criteria under GST is based on the Turnover of the business. Currently registration is mandatorily required if annual turnover exceeds Rs 40 Lacs for businesses other than specified states (North east and hill states) and Rs 20 Lacs for service providers. Such registration shall be taken within 30 days of becoming liable to registration.
     
    Turnover criteria in various cases are given below:
    S. No. Description of supply Turnover critera
    1 Supply of Goods in the States of Arunachal Pradesh, , Meghalaya, Puducherry, Sikkim, Telangana, and Uttrakhand Rs. 20 lacs
    2 Supply of Goods in the states of Manipur, Mizoram, Nagaland and Tripura Rs 10 lacs
    3 Supply of Goods in other states Rs 40 lacs
    4 Supply of services or mixed supplies in States of Manipur, Mizoram, Nagaland and Tripura Rs 10 lacs
    5 Supply of services or mixed supplies in other states Rs 20 lacs
    Yes, such persons may select an option to pay tax under section 10 while filling details in GST registration application form REG-1, which shall be considered as an intimation to pay tax under the said section.
    No, a person without GST registration can neither collect GST from his customers nor can claim any input tax credit of GST paid by him.
    Yes, a person is required to obtain registration with respect to each place of business in India from where a taxable supply has taken place. However, a supplier is not liable to obtain registration in a state/UT from where he makes an exempt/ non-taxable supply.
    Yes. As per Section 25(6) of the CGST/SGST Act every person shall have a Permanent Account Number issued under the Income Tax Act, 1961 in order to be eligible for grant of registration. However as per the proviso to the aforesaid section 25(6), a person required to deduct tax under Section 51, may have, in lieu of a PAN, a Tax Deduction and Collection Account Number issued under the said Income Tax Act, in order to be eligible for grant of registration.
    Further as per Section 25(7) PAN is not mandatory for a non-resident taxable person who may be granted registration on the basis of self-attested copy of valid passport.
    Yes, the ISD registration is for one office of the taxpayer which will be different from the normal registration. There is no threshold limit for registration for an ISD. Different offices of a company like manufacturing division, security division, sales and marketing division etc. may apply for separate ISD registration.
    No, a Job worker is a supplier of services and will be obliged to take registration only when his turnover crosses the prescribed threshold of 40/20 Lakhs.
    Yes. The principal place of business and place of business have been separately defined under section 2(89) & 2(85) of the CGST/SGST Act respectively. The taxpayer will have to declare the principal place of business as well as the details of additional places of business in the registration form.
     
    Yes. In terms of Section 25(8), where a person who is liable to be registered under the CGST Act fails to obtain registration, the proper officer may, without prejudice to any action which may be taken under this Act, or under any other law for the time being in force, proceed to register such person in the manner prescribed in the rule 16 of the CGST Rules, 2017.
    Yes, the registration Certificate once granted is permanent unless surrendered, cancelled, suspended or 58 revoked.
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