GST registration now mandatory with every organization or business where buying or selling of goods and services takes place. This registration is compulsory for every business or firm where the turnover is more than Rs.20 lakhs (for supply of services) and Rs. 40 lakhs ( for supply of goods) yearly All the businesses which are dealing with inter-state supplies of Goods or services have also applied for GST number. The same rule also applies on taxable supplies by the agents and Brokers of that taxable person.
The GST registration is only relaxed for e-commerce sellers/ aggregators, if total sales are less than Rs.20 lakhs.
This is all we need from you
More simple than it looks!
1st we apply for DSCs of all the Directors & Subscribers. Digital Signatures are required for signing all the documents while incorporating your company.
Next we will apply for Director Identification Number (DIN). It is the unique number allotted by the MCA to each director of the Company.
Meanwhile applying for your DSCs, we help you in selecting Unique Name for your dream Company. This process completes on the same day.
On the 2nd day, after the approval of Company’s name, we prepare all the eforms and other documents. Some documents need to be signed by you physically.
After complecting all the formalities and documents, we upload e-forms prepared in step-3 on the MCA poratal which takes approx 2 days for either approval or rejection.
After obtaining approval from MCA, it will issue Certificate of Incorporation, Permanent Account Number (PAN), TAN.
Hire a Dedicated DeveloperHire Now
Features you can’t resist
The companies with GST registration can supplies their goods and services interstate without any difficulties and hindrances.
Every activity becomes more easy with GST registration as all the invoices, taxes and even the return can be done online at GSTN.
A special rating system runs in this registration here the GST department give high rates to the companies providing returns on time and complies all provisions. This rating ultimately increases the credibility in the eyes of suppliers & customers.
The one registered with GST gets ease grant to loans facility by banks as banks also demands for GST number before giving loans to the companies.
Since you get loans easily by the banks also helps in increasing the growth and stability of the business.
A GST registered can also claim for ITC on purchases made from registered person. This practice often leads to lower rates of purchasing ultimately increasing the profit spectrum.
While the registered customers can claim for ITC on the supplies. A GST supplier is also capable of passing on GST tax credit to their customers.
GST has shut the doors to many other taxes like excise duty, VAT, CST, Service tax, etc and now one has to undergo only one registration of GST and everything is done.
With a total of 7 rates lying under GST out of which only 4 rates are used. GST has subsumed the dozens of other taxes rates which were otherwise implied.
Few doubts important to be resolved quickly
The answer is yes. The GST is applicable to all the business providers, manufactures, traders. The lost doesn’t stop at this as it also includes dealers, bloggers, youtubers and writers, earnings from Google Ad-sense through PayPal/ Wire transfer or any other mode of payment, all kinds of startups and companies, whether they are LLPs, proprietorships, partnerships or private limited companies. It also applies on business working outside their house, Online sellers, Aggregators selling their own brands, businesses paying reverse charge, Input service distributor, Suppliers or agents regardless what limit they hold upto.
The answer is no. All the GST registration process can be done online. Hence one needs not to be present at the time of registration.
Applying for GST is quite a simple process and hence you can apply for it yourself as well just by simply apply your business over a GST portal and fill all the details. After some time you will get acknowledged and an ID and Password will be provided to you.
The threshold limit of almost all states is Rs.40 lakhs for business except for the Indian states in the north-east region businesses in Arunachal Pradesh, Assam, Meghalaya, Manipur, Mizoram, Nagaland, and Tripura. Here the business needs GST number if the supply turnover exceeds Rs 10 lakhs. This threshold limit normally applicable for businesses that operate within their home state. Businesses that carry out trade with another state have to compulsory take registration regardless of their turnover.
Any entity that liable to be registered needs to get its GST registration done within 30 days. It is compulsory Casual taxable persons and non-resident taxable persons to take registration with GST prior to pioneer any business in India.
One PAN allows only one registration. But in case the businesses are in more than one state then they need to get separate registration state-wise. If business has multiple verticals within a state, then different registrations are required vertically.
Irresistible Pocket friendly Packages.
Great For Small Business
Great For Small Business
Great For Small Business
Excellent team for correct guidance and quick processing. Very genuine charges and convenient payment method. Best place for any Startup.
Lawgical India is boon for newcomers like me who do not know anything about Private Ltd. Whenever I stuck in something, their team is always ready to help.
I have now become so close to the team of LawgicalIndia as I contact them regularly on weekly basis for my bills generation. And it’s not have been a single time I was left unsatisfied till now