We help you register under GST by advising you on the appropriate type of GST registration required, drafting documents, filing online applications, replying to queries and tracking the application until registration under the GST.
We are a professional consulting firm specialising in company registration, taxation, accounting, payroll, compliance, and intellectual property rights (IPR) services to assist new and existing businesses in India. We provide our professional services at a reasonable fee, explaining the eligibility, process, and documents required for setting up and maintaining a business. We also prepare and file necessary applications with relevant government agencies such as the Registrar of Companies (ROC) and the Income Tax Department. We do not directly provide government documents or represent ourselves as a government agency.
GST was introduced in the year 2016 under the GST or Goods and Services Act. The purpose behind its introduction was the implementation of the idea of “One nation One Tax” across the country. Levied on the sale of goods and services, GST replaces taxes like sales tax, service tax, and VAT.
This streamlining has drastically improved the indirect tax regime in India. Moreover, GST has reduced the cascading effect of taxes and allowed taxpayers to claim Input tax credit. The GST regime has resulted in uniform taxation across the country, easing tax compliances, and enhancing transparency in tax collection.
GST Registration offers legal recognition and ensures tax compliance for businesses selling goods and services in India. Moreover, it facilitates GST payment for eligible taxpayers. However, GST registration is not all about compliance. It offers several benefits to taxpayers like the option to claim Input Tax Credit and avoid double taxation.
GST Registration does not have a pan-India eligibility. It is only applicable to eligible businesses as per turnover limits prescribed under Section 22 of the Central GST Act, 2017. However, section 24 of the Act makes it mandatory for certain businesses to obtain GST registration irrespective of their turnover limits. Each of these businesses are listed below as per their eligibility criterias.
Those dealing in merchandise with aggregate annual turnover exceeding Rs.40 LakhsThose providing services with aggregate annual turnover exceeding Rs.20 lakhsThose operating in North Eastern and Hilly states with aggregate annual turnover exceeding Rs.10 lakhsE-commerce operators/ aggregatorsBusinesses selling on e-commerce platformsCasual TaxpayersBusiness non-resident in IndiaImporters & ExportersTaxpayers under GST Reverse Charge MechanismTaxpayers registered under the older tax regimeBusinesses engaged in Inter-state supplies of goods & servicesService Providers providing information & online databases services (OIDAR)Section 23 of the CGST Act, 2017 exempts certain businesses completely from the requirement of obtaining GST Registration in India. The exemption is applicable despite these businesses exceeding the prescribed turnover limits. We have listed all such exemptions below.
GST Registration in India cannot be obtained without certain prerequisites and documents. The table below contains two sections. The first one lists all the prerequisites, and the second one lists all the documents required for GST Registration in India. If you qualify for GST, you must meet all these GST registration requirements before submitting your application.
Applicant’s PAN must be linked to his Adhar, Mobile Number & Email AddressApplication must be filed within 30 days from the date a business becomes liable to pay GSTException: Casual and NRI taxpayers can apply 5 days before the commencement of their businessEligible businesses must take GST Registration in every state they are operationalSmall Businesses can opt for GST Composition SchemePAN CardAadhar CardTwo Coloured PhotographAddress ProofPartnership / LLP DeedMOA & AOA, in case of a companyBusiness PANBusiness / Proprietor’s Bank DetailsCertificate of IncorporationLetter of Authorisation of Authorised SignatoryCopy of Resolution validating the decision to apply for GST RegistrationAddress ProofNOC from the Premises OwnerRent Agreement/Property Tax ReceiptGST Registration procedure in India is entirely online and can be completed quickly in a series of simple steps. Our team at Setindiabiz has been trained in assisting clients throughout the GST Registration process. Our services begin with preparing and drafting all the documents required for GST registration and extend to filing the complete application. The steps below explain how we secure GST registration for our clients in a convenient and hassle-free manner.
The documents required for GST Registration are based on the type of entity and the nature of its business activity. It is extremely important that all the documents required for online GST registration are prepared beforehand. This helps avoid any hindrance in the application process later. A complete list of such documents is mentioned in the section above.
GST registration for new business is an application-based process. The first part of the application seeks basic registration details. This includes type of entity, name of entity, PAN number, and the state / UT where the business operates. Providing these details enables successful registration on the GST Portal.
GST Registration in India is a PAN-based process. The applicant must provide his PAN details in the first part of the application. As mentioned earlier, the PAN must be linked to the applicant’s Aadhar, mobile number and email address for OTP verification.
As soon as the PAN is entered, an OTP is sent to the linked mobile number and email address. After furnishing the two OTPs successfully, a Temporary Reference Number or TRN is generated. You can use the TRN for completing the application form further. Note that the TRN will be valid for 15 days only, so the process must be completed within this time period.
Sign in to the GST portal using the TRN and access the GST REG-01 application form. Complete the form by filling in the requisite details and uploading the requisite documents. This includes information about the business, promoters/partners, location of the business, products/services, and authorised individuals. Upon completing the form, verify it using the authorised signatory’s DSC or EVC.
Upon submission of all the details and documents, the application is processed in approximately 10 to 15 days. After successful verification of the form, the department allots a unique GSTIN to the applicant business. This GSTIN can further be used to check GST registration status and fulfil all GST-related compliances.
GST Registration is not only a mandatory compliance for eligible businesses but also provides innumerable practical benefits to taxpayers. It serves as a pivotal step towards simplifying India’s indirect taxation system, unifying various levies into a single, comprehensive tax structure. Let’s delve deeper into the manifold benefits of GST Registration which can be a game-changer for your business!
The tax on tax phenomena that existed across the supply chain has been removed under the new GST regime.
GST rates are decided by the GST Council with members from the Central and State governments.
GST is charged at a tax rate of 18% or less for most goods and services. GST returns can either be filed monthly or quarterly.
Sellers across the supply chain, except the end consumer, can avail ITC for excess input tax paid by them.
No tax is charged on exports of goods and services under the GST regime. This includes supplies to an SEZ unit also.
With GST registration, the huge share of the informal sector in the economy has drastically reduced to less than 50%.
Are you looking for professional assistance with GST registration? As India’s best GST registration consultant, Setindiabiz is here for you! We understand that the GST registration process can be overwhelming and time-consuming for businesses. So, we offer end-to-end GST registration services, from preparation of all GST registration documents to filing complete GST application.
We make sure that your business meets all GST registration eligibility criterias before we apply. We also consistently check GST registration status after filing your application until a GSTIN is allotted. Choosing us as your GST registration consultant will assure that all your GST registration requirements are met with ease.
