GST Registration: Requirements, Process, & Expert Assistance GST registration is important for Indian businesses. If your business income crosses some specified threshold levels or comes under certain categories of activities that require GST registration, then it is necessary to register according to GST rules. India Filings can facilitate hassle-free GST registration for you. Reach out to our experts today, and let us ease out the GST registration process for you!   Overview GST Registration online Since its coming into effect from 1 July 2017, GST has been a compulsive leviable tax for every service provider, trader, manufacturer, and even a freelancer in India. The GST system was brought in to replace all central state taxes like service tax, excise duty, CST, entertainment tax, luxury tax, and VAT, making taxation much more streamlined. Registration charges of GST depend solely on the nature of business and also on their turnover. In order to taxpayers whose annual turnover is less than 1.5 crore, the GST framework has got a composition scheme. This ensures that they can undergo simplified GST procedures and pay taxes at a predetermined rate according to their turnover. The GST regime works at every level of the supply chain. It begins with raw material sourcing, production, wholesaling, retailing, and goes as far as it is sold to the final consumer. Even here, it can be noted that GST is levied at every one of those levels. For example, when a product is manufactured in West Bengal, and it is used at Uttar Pradesh, the corresponding GST would be totally passed on to Uttar Pradesh, thereby strengthening the consumption-based aspect of GST.   Key Components of GST Registration There are three main components:

• Central Goods and Services Tax (CGST): This tax is levied by the Central Government on the supply of goods and services within a particular state. CGST applies to transactions carried out entirely within the boundaries of one state.
• State Goods and Services Tax (SGST): The State Government will levy SGST on the supply of goods and services within its jurisdiction. Like CGST, here again SGST would be restricted only to the transactions within a particular state. • Integrated Goods and Services Tax (IGST): IGST is again a Central Levy, and it is levied by the Central Government on the supply of goods and services that occur from one state to another or from one state to a Union Territory. IGST is applicable on all those transactions whose state or Union Territory boundary is crossed.

  Who is required to register for GST? GST registration is essential for the following persons:

• Business Enterprises: Any business whose aggregate annual turnover exceeds Rs. 40 lakhs. For special category states under GST, it is Rs. 20 lakhs. • Service Providers: Those whose aggregate annual turnover exceeds Rs. 20 lakhs. Special category states will have this threshold at Rs. 10 lakhs. • Exemptions: To be mentioned here is that those businesses that are only dealing in goods or services exempted under GST are exempted from the above limit. • Previously Registered Entities: The entities that were already registered under other previously existing tax structures, for example, Excise, VAT, Service Tax, etc., need to migrate and get registered under GST. • Inter-State Suppliers: Any entity or individual undertaking supplies of goods across states. • Casual Taxable Entities: Those doing taxable supply very occasionally. • Entities falling under Reverse Charge Mechanism: Those businesses are liable for tax under reverse charge. • Input Service Distributors & Agents: Distributors of input services, their respective agents. • E-Commerce Operators or Aggregators: Entities that operate or aggregate e-commerce platforms • Non-Resident Taxable Supplies: Person or entity that is non-resident but makes taxable supply in India • Supplier’s Agents: Agents supplying on behalf of a principal supplier. • E-commerce Suppliers : Suppliers registered under the existing GST regime who provide goods or services through an e-commerce aggregator. • Online Service Providers: Providing online information, access to or retrieval of databases from a place outside India to a person located in India who are not taxpayers under the Act.

  GST Registration Turnover Limit Whereas registration for GST can be done at one’s whims and fancies, on a willing and voluntary basis, without any evaluation of turnover with any person or party. A person or an entity which crosses a certain threshold of turnover is liable to get registered for GST. For businesses required to be registered, apply online for GST makes it a rapid and hassle-free affair. • Service Providers: Any person providing any kind of service with a gross turnover of over Rs.20 lakhs in aggregate during any financial year would need to get registered under GST. The GST turnover limit of service providers has been kept at Rs.10 lakhs in special category states. • Goods Suppliers: Any supplier who deals with the exclusive supply of products whose annual aggregate turnover in a particular year crosses Rs.40 lakhs has to compulsorily get registered under GST. To enjoy the benefit of being under the threshold of Rs.40 lakhs, the supply needs to fulfil the following parameters as well. • Should not be providing any services. The supplier shall not be engaged in intra-state supplies within the State of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Puducherry, Sikkim, Telangana, Tripura and Uttarakhand. If the above conditions are not met, then the sale of goods supplier would be liable to get GST registration once the turnover exceeds Rs.20 lakhs and Rs.10 lakhs in the case of special category states. • Special Category States: The following have been brought under the category of special category states under the GST regime – Arunachal Pradesh, Assam, Jammu and Kashmir, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura, Himachal Pradesh and Uttarakhand. • Aggregate Turnover: Aggregate turnover = (Taxable supplies + Exempt Supplies + Exports + Inter-State Supplies)*(Taxes + Value of Inward Supplies + Value of Supplies Taxable under Reverse Charge + Value of Non-Taxable Supplies). Aggregate turnover is calculated based on PAN. Thus, even if a person performs at more than one place of business it needs to be added for aggregation.   Advantages of GST Registration for Businesses Registering for GST offers a range of benefits to businesses:

• Legal Compliance: Businesses will abide by tax laws so that penalties can be avoided. Input Tax Credit: Any business, after it has paid GST on purchases, can claim credits thereon and set them off against the GST charged on sales so that taxes are reduced to a considerable extent. • Inter-State Trade Ease: With this facility, businesses will operate even across state borders without running into tax-related hassles. • Cancellation of cascading effect: All the impacts caused by tax levied on the previously taxed amount tend to be erased, thereby reducing the cost of products or services • Business advantage: Only compliance of GST will create trust in the mind of the customer, and more business avenues may be opened Large corporations wish to partner with vendors who have obtained registration under the GST. • Cash flow efficiency: With proper management and lesser tax liability, cash flow within the business can be improved. • Improved Credit Rating: A clean record of and positive GST compliances improve the credit history of a firm. • Legally Protected: GST registration protects businesses and insures that their rights are respected • Streamlined Compliance: The entire process of GST is less cumbersome. Firms can submit return as well as pay their dues without much hassle and all this is being done online. • Transparency: It ensures businesses will keep records precise, which then builds a feeling that business is legitimate and on professional standards.

  GST Certificate GST Certificate is one of the documents approved by the government of India to the enlisted people under the head of Goods and Services Tax, also known as GST. This certificate confirms a business’s legitimate Registration under GST and displays the key details on the document, such as the GST identification number, the business name, and the official address. Possessing an authentic GST Certificate is pivotal for enterprises because:

• Tax Collection Authority: This empowers businesses with the right to raise and collect GST from clients. • Claims of Tax Credit: With this certificate, businesses can rightly claim credits of the GST that they have disbursed on their procured stock and operational costs. • Besides these functions, relating to tax, the GST Certificate is important in many other spheres: • Loan Applications: If the businesses or companies apply for loans, they must often provide their GST certificates as proof for authenticity. • Government Tenders: To avail and be eligible for official government tenders, the GST Certificate sometimes is required as a proof of tax payment. • Market Reputation: A certificate improves the market reputation of a business with a stand on national tax regulations.

  GSTIN Now, GSTIN is short for Goods and Services Tax Identification Number. This number is the15-digit alpha-numerical identification number issued to every taxpayer separately registered under the GST framework in India. The number will function as the primary identifier for both businesses and people dealing with GST-related transactions as well as compliance. You are going to acquire your GSTIN once you have successfully submitted your application on the GST Apply online portal.   Voluntary GST Registration for Businesses As such, any business with a turnover less than Rs.20 lakhs can make a voluntary GST apply online. Therefore, they will experience the benefits of input tax credits, undisrupted inter-state sale, eligibility to list on e-commerce websites, and have a competitive posture compared to GST-not registered businesses. However, despite this registration not being mandatory, it will open up a wide scope of expansion opportunities along with the possibility of raised profitability.   GST Registration Documents Requirements Below, we have given the GST registration documents to use it as a checklist.  

Sole proprietor/Individual	·         PAN card of the owner ·         Aadhar card of the owner ·         Photograph of the owner (in JPEG format, maximum size 100 KB) ·         Bank account details* ·         Address proof**
LLP and Partnership Forms	• PAN card of all partners, including    managing partner and authorized signatory • Copy of partnership deed • Photograph of all partners and authorized signatories in JPEG format with max 100 KB •  Address proof of partners such as Passport, driving license, Voters identity card, Aadhar card, etc • Aadhar card of authorized signatory • Proof of appointment of authorized signatory • In the case of LLP, the registration certificate / Board resolution of LLP • Bank account details* • Address proof of principal place of business.
HUF	·         PAN card of HUF ·         PAN card and Aadhar card of Karta ·         Photograph of the owner (in JPEG format, maximum size 100 KB) ·         Bank account details ·         Address proof of principal place of business
Company (Public and Private) (Indian and Foreign)	• PAN card of the Company • Certificate of incorporation received from Ministry of Corporate Affairs • Memorandum of Association/Articles of Association • PAN card and Aadhar card of authorized signatory. The authorised signatory must be an Indian, even in case of foreign companies/branch registration • PAN card and address proof of all directors of the Company • Photograph of all directors and authorized signatory (in JPEG format, maximum size 100 KB) • Board Resolution that identifies the authorized signatory/Any other proof of appointment of authorized signatory (in JPEG format/PDF format, up to 100 KB) • Details of Bank account • Head office address proof

  Penalty for Not Obtaining GST Registration

• For Non-Payment or Underpayments: If a tax payer fails to pay the due tax amount or makes a wrong calculation of underpayment, the tax payer will be charged an acceptable equivalent of 10% of the due tax amount. It is noteworthy that no fees will be charged for GST registration, but the punishment for not complying will be steep. • Conscious Tax Evasion: If a person or organization intentionally does not pay the taxes that are due, then the amount is punished at 100% of the evaded tax.

  Get GST Registration Online quickly through India Filings You can get your registration online with India Filings. Just fill in your name, phone number, and e-mail address and we will be off to the races. Once we get your application, a GST expert will call you and gets to understand your business activity, the state in which your business is operating, and clear all the questions that you may have. He would collect and verify the GST registration documents to make all the easier in the process of registration. Once the payment has been initiated, we begin our process of filing for an online GST registration by uploading all your application in the GST Portal. You get the GST registration in a timeframe of 3 to 7 working days. Everything is online fully you don’t need to be present at the office for the same. Along with the GST registration, access is given to the ledgers platform for your to do GST invoicing and GST return filing.