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GST Registration

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GST Registration in India

GST Registration is a process by which a taxpayer gets registered under the Goods and Services Tax (GST) regime in India. Upon registration, a unique Goods and Services Tax Identification Number (GSTIN) is assigned to the taxpayer, enabling them to collect and remit GST to the government.

Who Should Register for GST?

  • Businesses with annual turnover exceeding ₹20 lakhs (₹10 lakhs for special category states).
  • Individuals engaged in interstate supply of goods or services.
  • E-commerce operators and aggregators.
  • Casual taxable persons and non-resident taxable persons.
  • Businesses involved in the supply of goods or services on which GST is applicable.

Benefits of GST Registration

  • Legal Compliance: Mandatory for businesses to operate legally under GST regulations.
  • Input Tax Credit: Claim ITC for taxes paid on purchases, reducing overall tax liability.
  • Enhanced Credibility: Registered businesses are considered more credible by customers and vendors.
  • Interstate Trade: Facilitates smooth interstate supply of goods or services without restrictions.
  • Business Expansion: Registered businesses can sell on e-commerce platforms and to larger organizations.

Penalty for Non-Registration

Operating a business without mandatory GST registration attracts a penalty of ₹10,000 or 10% of the tax due, whichever is higher. For intentional evasion, the penalty can go up to 100% of the tax amount.

Documents Required for GST Registration

  • PAN card of the business or applicant.
  • Proof of business registration or incorporation certificate.
  • Identity proof (Aadhaar card, passport, voter ID, etc.).
  • Address proof of business premises.
  • Bank account statement or cancelled cheque.
  • Digital signature for online application submission.

Step-by-Step Process for GST Registration

  • Online Application: Fill out the GST REG-01 form on the GST portal with the required details.
  • Document Upload: Upload scanned copies of the necessary documents.
  • Application Verification: The application is verified by the GST officer.
  • GSTIN Issuance: Upon successful verification, a unique GSTIN is issued to the applicant.

Filing Lounge's Process for GST Registration

  • Initial Consultation: We begin with a detailed consultation to understand your business and registration requirements.
  • Document Preparation: Our team assists in collecting and preparing all required documents.
  • Application Filing: We file your GST registration application on the GST portal accurately.
  • Follow-Up: We coordinate with GST authorities to address any queries or discrepancies in the application.
  • GSTIN Issuance: Once approved, we ensure timely issuance of your GSTIN.

How Filing Lounge Can Help

Filing Lounge offers end-to-end GST Registration services, ensuring a hassle-free and timely process. Here's what we provide:

  • Expert Consultation: Personalized guidance from our GST experts to suit your business needs.
  • Document Preparation: Accurate and complete preparation of all necessary documentation.
  • Seamless Filing: Timely submission of your GST registration application without errors.
  • Compliance Assistance: Ongoing support to address compliance-related queries or requirements.

For more information, visit our GST Registration page.

With Filing Lounge, you can ensure a smooth and error-free GST registration process, enabling you to focus on your business growth and operations.

Related Guides

Documents Required For GST Registration

Proprietorship vs Limited Liability Partnership (LLP) vs Company

Features Proprietorship Partnership LLP Company
Definition A sole proprietorship is an unregistered business entity managed by a single individual. A legal contract between multiple parties to jointly manage and run a business operation. A business type that combines aspects of a partnership and the limited liability of a corporation. A registered business where owners and shareholders have limited liability.
Ownership
  • Single individual
  • Min 2 Partners
  • Max 50 Partners
  • Designated Partners: Min 2(No upper limit)
  • Min: 1 shareholder (for a private company), 7 shareholders (for a public company)
  • Max: 200 shareholders (for a private company), no upper limit (for a public company)
For One Person Company
  • Minimum: 1 individual
  • Maximum: 1 individual
Registration Time 7-10 working days
Promoter Liability Unlimited Liability Limited Liability
Documentation
  • Partnership Deed
  • PAN card of the partnership firm
  • LLP Agreement
  • Incorporation Certificate
  • PAN card of the LLP
  • MOA
  • AOA
  • Certificate of incorporation
  • PAN card of the company
Governance No specific governing law Governed by the terms outlined in the partnership deed Governed by the LLP agreement Governed by a formal structure including a Board of Directors
Transferability Business cannot be transferred Ownership transfer requires the consent of all partners as outlined in the partnership deed. Transferable Easily Transferable for public companies. In private companies, there might be some restrictions.
Compliance Requirements
  • Income tax filing if the turnover exceeds Rs. 2.5 lakhs.
  • Must file ITR 5
  • Must file ITR 5
  • File Form 11
  • Form 8
  • MCA filing
  • Auditor's appointment
  • File ITR 6

GST Registration FAQ's

Who needs to register for GST?

Businesses with an annual turnover exceeding ₹40 lakhs (₹20 lakhs for services) are required to register. Lower thresholds apply in some states.

What is the GST threshold limit?

The threshold is ₹40 lakhs for goods and ₹20 lakhs for services. For specific states, the limit is ₹10 lakhs.

What are the different types of GST registrations?

The types include Regular GST Registration, Composition Scheme, Casual Taxable Person, and Non-Resident Taxable Person registrations.

What documents are required for GST registration?

Documents required include PAN card, Aadhaar card, business registration proof, address proof, bank details, and a passport-sized photograph.

Can I apply for GST registration online?

Yes, GST registration can be completed online through the official GST portal.

Is GST registration mandatory for e-commerce sellers?

Yes, all e-commerce sellers, regardless of turnover, must register for GST.

What is the validity of GST registration?

GST registration for regular taxpayers is valid indefinitely, while for casual and non-resident taxable persons, it is valid for the specified period.

Can I amend my GST registration details?

Yes, you can update certain details like address, contact information, or authorized signatory through the GST portal.

What happens if I don't register for GST?

Non-compliance can result in penalties, which include a fine of 10% of the tax amount (minimum ₹10,000) or 100% in cases of fraud.

What is the Composition Scheme under GST?

The Composition Scheme allows small taxpayers with turnover up to ₹1.5 crores to pay a fixed GST rate and file simplified returns.

Can I cancel my GST registration?

Yes, you can apply for cancellation if your business ceases operations or if you no longer meet the GST criteria. However, this requires proper compliance clearance.

How can Filing Lounge help with GST registration?

Filing Lounge provides end-to-end support for GST registration, including document preparation, submission, and guidance for smooth compliance.

Related Business Registrations

In addition to registration or incorporation, a business may require other registrations depending on the business activity undertaken. Talk to an Advisor to find out registrations your business may require post registration.

FSSAI Registration
IE Code
Trademark Registration
Copyright Registration
Salaried Tax-filing
GST Return Filing

MCA Compliance

Each registered entity is required to meet its compliance duties at the close of each financial year. This generally includes auditing financial statements, filing income tax returns, and submitting annual forms to the Ministry of Corporate Affairs (MCA).

Compliance For Form Due date Penalty
Commencement of Business Intimation to Registrar for Commencement of Business Within 180 days from incorporation INR 50,000 on company and INR 1,000 per day on directors for each day of default
Annual KYC of Directors DIR 3 E-KYC 30th September of every year INR 5,000 for late filing
Appointment of Auditor Form ADT 1 Within 15 days of the AGM INR 300 per day (max INR 12,000)
Financial Statements Form AOC 4 Within 30 days from the AGM INR 100 per day of default
Annual Return Form MGT 7 Within 60 days from the AGM INR 100 per day of default

All Limited Liability Partnerships (LLP) in India must file annual returns with the Ministry of Corporate Affairs (MCA). FilingLounge provides affordable services to help you keep your LLP compliant.

LLP Compliance Form Due date Penalty
Annual KYC of Directors DIR 3 KYC 30th September of every year INR 5,000 for late filing
Annual Return Form 11 May 30th every year INR 100 per day of default
Statements of Accounts and Solvency Form 8 30th October every year INR 100 per day of default (minimum penalty INR 10,000)

In addition to the filings listed above, there may be other compliance requirements relevant to LLPs. To ensure all compliance needs of your LLP are met, please seek assistance from a Filinglounge Advisor.

Entity Compliance Form Due date
Private Limited Company Annual Return MGT-7 Within 60 days from the conclusion of the AGM
Financial Statements AOC-4 Within 30 days from the conclusion of the AGM
DIR-3 KYC DIR-3 KYC 30th September every year
Return of Deposits DPT-3 30th June every year
Appointment of Auditor ADT-1 Within 15 days from the conclusion of the AGM
Income Tax Return (Non-audit case) ITR-6 31st July every year
Income Tax Return (Audit case) ITR-6 30th September every year
Annual GST Return GSTR-9 31st December of the subsequent financial year
MSME Form Form 1 (MCA) half-yearly return by 31st October (April to September), & 30th April for the period October to March every year
Limited Liability Partnership Income Tax Return (Non-audit case) ITR 5 31st July every year
Income Tax Return (Audit case) ITR 5 30th September every year
Annual Return Form 11 30th May every year
Financial Statements Form-8 30th October every year

Note : There might be extra filings needed depending on your business type and activities. Talk to a FilingLounge advisor to get the right guidance for your company's compliance.