GST Registration in India, GST Tax Rates

As GST is already introduced in the Indian tax regime, it’s high time for GST registration in India. While many businesses have enrolled/migrated to GST, many are yet to register. The window for enrolment and new registrations is re-opened by the government. If you are yet to register, ebizfiling.com offers quick registration for Goods and Services Tax also, know the latest update on GST registration exemption limit.

 

Every business carrying out a taxable supply of goods or services under GST regime and whose turnover exceeds the threshold limit of Rs. 20 Lakh (or Rs. 10 Lakh as applicable in North Eastern states) will be required to register as a normal taxable person. This process of registration is referred to as GST registration.

Latest Update on GST registration exemption limit:

According to latest announcement on GST registration exemption limit via a tweet, Businesses with an annual turnover of up to Rs 40 lakh are exempted from GST. Additionally, those with a turnover up to Rs 1.5 crore can opt for the Composition Scheme and pay only 1% tax.

 

GST registration in India, GST registration new exemption limit, GST exemption limit

However, for services the GST registration exemption limit of turnover is still 20 lakhs. Also, service provider having turnover up to 50 lakhs can opt for composition scheme for services and pay only 6% of tax.

 

GST registration in india, GST registration for services

 

There is one more update in GST registration where now you will need Aadhar authentication to get GST registration. Know the full details at: Aadhaar made a mandatory requirement for GST registration

 

This post is our sincere attempt to provide knowledge regarding GST procedures to the normal taxpayers. The registration is a must for all businesses involved in buying or selling of goods. Also the same applies to the service providers in India.

 

Why is GST Registration important?

 

GST registration is important as it will give you the benefit of availing seamless input tax credit. Multiple taxes are being clubbed under GST and thus the cascading effects of taxes that are prevailing currently will no longer be the case.

 

Also, timely registration will help you avoid any kind of interface with tax authorities.

 

Who Needs GST Registration

 

All the existing taxpayers who are holding any of the below mentioned registrations, compulsorily require GST registration.

  • Central Excise
  • Service Tax
  • Entry Tax
  • Value Added Tax
  • Entertainment Tax
  • Luxury Tax

 

If you are an export firm or deal with non-taxable products, you still need registration. Even in case of inter – state supply of goods or services, you need GST enrolment notwithstanding your turnover. Get in touch with us to get professional advice for Goods and Service Tax.

 

How to Register for GST Online

 

Goods and Service Tax registration is entirely paperless and online procedure. The government has launched a dedicated portal for enrolment.

  • Access the website gst.gov.in for online registrations.
  • After creating the login credentials, you can enrol for the GST.
  • The online process will require your valid PAN number and mobile number.
  • Also, provide your email address for future communication.
  • Use the OTP and proceed with the submission of online form.
  • Provide the supporting documents in scanned form.
  • You can upload them at the time of GST registration process.

 

Documents Required For GST Application

 

An application for GST enrolment requires a prescribed set of documents. Certain information is also necessary along with the documents. Here in this post, we are sharing the same for your ready reference. 

 

Documents for Goods and Services Tax Application 

  • Photos of all Partners/Directors
  • Identity Proof of Proprietor/Director/Partner (PAN, Aadhar Card, Voter ID)
  • Proof of Constitution of Business (SSI/MSME Registration, Shop establishment Certificate, Partnership deed, Certificate of Incorporation)
  • Proof of Principle place of business (MOA and AOA, Electricity Bill, Rent / Lease agreement, Latest Bank Statement)
  • Latest Bank Statement
  • Aadhar card of Proprietor/Partner
  • Letter of Authority/Board Resolution (Format will be provided by us)

 

GST application will also require your bank account number and IFSC documents. All the documents should be scanned and uploaded with the application.

 

Track GST Registration Status | ARN Status Online

 

After completion of the registration process, applicant receives an Application Reference Number (ARN). Get all GST related services from ebizfiling.com at pleasing prices. The GST Portal for Goods and Services Tax offers the facility of tracking your  GST application status. Applicants just need to type their ARN or application reference number to know the current position of their GST application.

 

Keep visiting us for more information on GST rules, forms, returns and other procedures. We are providing assistance to the business entities, start-ups and sole proprietors for hassle-free tax registrations.

About Ebizfiling -

EbizFiling is a concept that emerged with the progressive and intellectual mindset of like-minded people. It aims at delivering the end-to-end incorporation, compliance, advisory, and management consultancy services to clients in India and abroad in all the best possible ways.
 
To know more about our services and for a free consultation, get in touch with our team on  info@ebizfiling.com or call 9643203209.
 
Ebizfiling

Author: ishita

Ishita Ramani is a young woman entrepreneur and currently the Operations Director at Ebizfiling India Private Limited. In her entire career so far, she has led a team of 50+ professionals like CA, CS, MBAs and retired bankers. Apart from her individual experience on almost every facet of Indian Statutory Compliances, she has been instrumental in setting up operations at Ebizfiling.com! Read about her journey at- https://www.greatcompanies.in/post/ishita-ramani-operation-director-at-ebizfiling-india-pvt-ltd

Follow Author

Leave a Reply

Your email address will not be published.

Reviews

  • Client Review, Ebizfiling

    Aditi Doshi

    29 Mar 2018

    They manage Accounting and Book-keeping for my company. I must say the team is really doing a good job.

  • Client review, Ebizfiling

    Kriday Thakkar

    04 Mar 2018

    The service I received was great, quick and hassle-free. Looking forward to work with you in future.

  • Client review, Ebizfiling

    Pooja Oza

    08 Jun 2017

    If you are also planning to start your own company, there is only one place you need to go to and that is Ebiz. They will take care of all your compliance and legal needs with ease.

Hi, Welcome to EbizFiling!

Hello there!!! Let us know if you have any Questions.

Thank you for your message.

whatsapp Call Now Button