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GST Registration

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GST Registration

Under the GST Law, businesses having a turnover exceeding Rs. 40 Lakhs( except for NE and Hill States for which the turnover should be Rs. 10 Lakhs) have to register under GST. This whole procedure is known as GST Registration. Hence, if your business is of more than 40 Lakh, then you get a GST Registration.

In some cases, it is mandatory to register under GST. If the organizations carry their business without GST Registration, then it would be an offence under GST.

One needs to be aware of their case. Once, it is decided that the GST registration is applicable in their case, they need to gather all the documents for GST registration. The appropriate required documents differ from case to case.

Registration for GST takes around 3-6 business days with LawyerINC.

Benefits of GST Registration

  • GST being comprehensive in nature, eliminates the cascading tax effect.  Cascading effect means a tax on a tax system that was pre-existing in the Indian taxation system. GST removes this effect as taxation is done directly on the cost of the goods and services.
  • The burden of taxes on manufacturers has come down as they can now reduce the taxes which they have already paid on inputs.
  • It is a transparent tax system.
  • It checks tax evasion.
  • A higher threshold of Rs. 20 Lakh means small businesses are exempted. This is a welcome move, as it will boost small businesses.
  • Introduction of composition schemes for small businesses.
  • The number of compliances has reduced. Earlier, different taxes were levied, and each had their own return and compliance, but with GST, we now have just one unified return to file.
  • Regulation of the unorganized sector like construction and textile industry. Earlier, they were not regulated. But with online compliances, these industries have regulated.

Timeline for Registering GST with LawyerINC

Day 1

Free consultation

Assigning of an Expert

Assistance with drafting and documentation

Day 2

Submission of Application

Daye 10

After proper scrutiny GST Registration will be successful

Which authority will levy and administer the registration of GST?

The Centre will levy and administer CGST and IGST while all the respective states /UTs will levy and administer SGST.

Who needs a GST Registration?

  • Individuals who were earlier filing under Pre-GST Laws like VAT, Service Tax, etc.
  • Business who have a turnover of Rs. 40 Lakhs (Rs 10 Lakh for the NE States and Hilly States like J&K, Himachal Pradesh, and Uttarakhand.
  • Agents of the supplier & Input service distributors.
  • People who are seeking a tax refund through the double taxation mechanism.
  • Manufacturers
  • Businesses or people supplying materials through e-commerce aggregator
  • E-commerce aggregators

Documents required for GST Registration

  • Pan Card of the owner, company or partnership
  • Aadhaar card of the proprietor, directors, and partners as the case may be
  • Bank details
  • Address proof like MOA, AOA, or partnership deed.
  • Digital Signatures
  • Board Resolutions

Penalties for not registering GST Registration

  • If one does not have a GST Registration, he is liable to a penalty of 100% tax due or Rs. 10,000 (whichever is higher).
  • If someone is not giving a GST invoice, he is liable to a penalty of 100 % or Rs. 10,000 (whichever is higher).
  • A person having incorrect invoicing has to pay a penalty of Rs. 25,000
  • For Nil GST Return the penalty is Rs. 20 per day, and for regular returns it is Rs. 50 per day.
  • If you are choosing a composition scheme even if not eligible for it, you will be liable to 100% tax due or Rs. 10,000 (whichever is higher).

What is the procedure for GST Registration with LawyerINC?

  • Connect with our team of experts
  • Get a callback
  • Expert Consultation
  • Provide you with a complete document checklist
  • Submission of documents
  • Filing of Application
  • Our team will track the application.
  • Get Deliverables
  • End to end service

*Any fee, stamp duty, and miscellaneous charges shall be payable extra.

LawyerINC does not take any charges/tax on government fees. Do contact us in case of any query related to GST Registration and much more.

To avail any of our services, kindly establish contact by posting a query at our site, LawyerINC.

Frequently Asked Questions

  • 1. How to get a new GST Registration?

    For getting a new Registration of GST, one will need first to see that if it is necessary to register it or not. If the registration is necessary, the person should post a query with us and will assist you further in it. Additionally, if GST is not applicable, then also you can still apply for GST registration voluntarily.

  • 2. How can one check GST status?

    We can check the status of the GST application on the GST portal online using the application reference number (ARN). If the application for registration is submitted online, then the ARN number is generated. For avoiding rejection of the application, we have to check the status online at regular intervals.

  • 3. What is the registration fee for GST?

    GST registration in India is free, and there is no government fee. But it involves a lot of technical aspects. Therefore the professionals who do GST registration charge professional fees for the same.

  • 4. When should a business entity submit applications for multiple GST registrations?

    If a business operates from in more than one state, then a separate GST registration is needed for each state.

  • 5. Who is eligible to register for Composition Scheme under GST?

    Composition scheme is available for the following-

    All SMEs who want lower compliances and taxation rates under GST. GST taxpayer having turnover below Rs. 1.5 crore (for NE state limit is Rs. 75 Lakhs).

  • 6. Who are exempted from the registration of GST?

    Following entities are not required to obtain registration for GST-

    A specialized agency of the United Nations Organization or a Multilateral financial institution and organization notified under the United Nations Act, 1947. Consulate or Embassy of foreign countries. Any other person notified by the Board or the Commissioner. The Central or State government may be based on the recommendations of the GST Council, notify exemptions for specific persons.

  • 7. Does GST cover all goods and services?

    GST covers all goods and services except alcoholic liquor.

  • 8. Is registration of GST mandatory for the small retailers to buy from dealers/wholesalers?

    No, there is no such requirement given under the law for small retailers to buy from dealers/wholesalers.

  • 9. Do we need a separate GST Registration certificate if we have 2 or more branches located within the same state?

    The authorities have given an option to the taxpayer in such cases. They can-

    Apply for a single GST registration and add all the branches as an additional place of business. Apply for a separate GST registration for each branch.

  • 10. How does one check their GST Registration Number?

    Step 1 – Go to the GST Portal. Step 2 – click to Services- Registration - Track Application Status.

  • 11. What are the benefits of taking services from LawyerINC?

    At LawyerINC, we have an excellent blend of experts to help you get your GST registration hassle free. We are committed to offer our services to various entities at a reasonable price. Our focus is to provide quality services to our clients.

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