GST Registration

GST registration is a process where businesses in India register under the Goods and Services Tax system. It enables legal recognition, allows tax collection, and provides eligibility for input tax credits, promoting compliance and transparency.

Click here

What is GST Registration

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.

T (24)

Benefits of GST Registration

Legal Recognition:

Provides legal recognition for businesses, enhancing credibility and compliance with tax laws.

Input Tax Credit:

Allows businesses to claim input tax credit on purchases, reducing the overall tax burden and increasing profitability.

Unified Tax System:

Simplifies tax structure by consolidating various state and central taxes into a single GST, streamlining compliance and reducing administrative costs.

Competitive Advantage:

Enables participation in interstate trade without restrictions, expanding market reach and improving business opportunities.

Advantages of GST Registration for Businesses

Registering for GST offers a range of benefits to businesses:

Legal Compliance:

Ensures that businesses remain compliant with tax regulations, thus avoiding any potential penalties.

Elimination of Cascading Effect:

Businesses can claim credits for the GST they’ve paid on purchases, which can then be set off against the GST charged on sales, leading to a reduction in tax liability.

Inter-State Trade Ease:

Encourages businesses to transact across state boundaries without facing tax-related challenges

Elimination of Cascading Effect:

By removing the effect of tax being levied on an already taxed amount, the overall cost of products or services is reduced.

Competitive Edge:

Being GST compliant can instil trust in potential customers, opening up more business opportunities.

Access to Larger Markets:

Major corporations often prefer collaborating with GST-registered vendors.

Enhanced Credit Rating

Maintaining a consistent and positive GST compliance record can boost a business’s credit profile.

Legal Safeguard:

A GST registration protects businesses and ensures their rights are upheld.

Sole proprietor / Individual

1. PAN card of the owner
2. Aadhar card of the owner
3. Photograph of the owner (in JPEG format, maximum size  100 KB)
4. Bank account details*
5. Address proof

LLP and Partnership Firms

1. PAN card of all partners (including managing partner and authorized signatory)
2. Copy of partnership deed
3. Photograph of all partners and authorised signatories (in JPEG format, maximum size 100 KB)
4. Address proof of partners (Passport, driving license, Voters identity card, Aadhar card etc.)
5. Aadhar card of authorised signatory
6. Proof of appointment of authorized signatory
7. In the case of LLP, registration certificate / Board resolution of LLP

8. Bank account details
9. Address proof of principal place of business

HUF

1. PAN card of HUF
2. PAN card and Aadhar card of Karta
3. Photograph of the owner (in JPEG format, maximum size 100 KB)
4. Bank account details
5. Address proof of principal place of business

Company (Public and Private) (Indian and foreign)

1. PAN card of the Company
2. Certificate of incorporation given by Ministry of Corporate Affairs
3. Memorandum of Association / Articles of Association
4. PAN card and Aadhar card of authorized signatory. The authorised signatory must be an Indian, even in case of foreign companies/branch registration
5. PAN card and address proof of all directors of the Company
6. Photograph of all directors and authorised signatory (in JPEG format, maximum size 100 KB)
7. Board resolution appointing authorised signatory / Any other proof of appointment of authorised signatory (in JPEG format / PDF format, maximum size 100 KB)
8. Bank account details
9. Address proof of principal place of business

Get GST Registration Online quickly through TaxLaabh

You can obtain your GST registration online through TaxLaabh. Enter your name, phone number and email to being the process.

When we receive your request a GST expert will reach out to you and understands your business activity, the state where the business is operating and answer any questions that you may have.

The GST expert will also collect and verify the GST registration documents to ensure a smooth registration process. Once the payment is initiated we start with the GST registration online process and we upload all your application into the GST Portal.

You obtain the GST registration within 3 to 7 working days. Everything is completely online you don’t need to be physically present at the office for the same. Along with the GST registration, access is provided to LEDGERS Platform for your to do GST invoicing and GST return filing.

GST Return Filing

GST return filing is a formal process in which a taxpayer provides the government with information regarding their sales, purchases, and taxes collected and disbursed. In India, every GST-registered taxpayer must submit these returns consistently, even if there were no sales or purchases during a particular period. While there are no GST registration fees, ensuring a compliant and accurate registration is crucial to avoid penalties.

 

If you need assistance, our team of experts is at your service to guide you through the GST return filing process.

Encourages businesses to transact across state boundaries without facing tax-related challenges
By removing the effect of tax being levied on an already taxed amount, the overall cost of products or services is reduced.
Being GST compliant can instil trust in potential customers, opening up more business opportunities.
Major corporations often prefer collaborating with GST-registered vendors.
Maintaining a consistent and positive GST compliance record can boost a business’s credit profile.
A GST registration protects businesses and ensures their rights are upheld.

FAQs on GST Registration

Any business with an annual turnover exceeding the threshold limit of ₹20 lakhs (₹10 lakhs for special category states) must register for GST. Certain businesses, regardless of turnover, also need to register.

Essential documents include PAN card, Aadhaar card, proof of business registration or incorporation certificate, address proof, bank account statement, and digital signature.

The GST registration process usually takes 2-6 working days, provided all submitted documents are accurate and complete.

Yes, GST registration can be cancelled by the taxpayer or the tax authorities under specific conditions.

Benefits include legal recognition, input tax credit, seamless interstate sales, and eligibility for government schemes.