GST Registration Guide - How to Apply for Goods and Service tax number Online

1. GST Registration Brief guide to Goods and Service Tax registration

2. What is GST? Goods and Service Tax (GST) is a form of Indirect tax derived after subsuming significant central and state taxes. Any supplier in every State/Union who makes a taxable supply of goods or services with an aggregate turnover crossing Rs.20, 00.000 in a financial year (Rs.10, 00,000 in the northeastern states). With access to online GST registration and no enrollment fees, it is still advisable to discuss and plan your GST filings with the help of a Chartered Accountant. It can be challenging to keep up with the updates, formalities, and technical issues. Hiring a Chartered Accountant to manage and review your finances and complying with the tax regulations becomes easy.

3. GST Highlights • GST was introduced in India from July 2017 • Businesses with an aggregated turnover of more than Rs.40,00,00 must register • GST rates start from 0% and go up to 28% for various goods and services • GSTIN holders can avail the input tax credit • GSTIN holders must file monthly, or quarterly GST returns but must make the payment monthly • The composition scheme lets GSTIN holders with an annual turnover of less than 1Cr to pay taxes regularly, ranging 1-5 % monthly without claiming the input tax credit.

4. Benefits of GST Registration Registered businesses: • Take input tax credit • Avail Benefits of GST • Make interstate sales without restrictions Composition dealers: • Limited compliance • High working capital • Less tax liability Businesses that voluntarily opt-in for GST registration (Below Rs. 40 lakhs*) • Take input tax credit • Carry interstate sales without restrictions • Register on e-commerce websites • Enjoy a competitive advantage compared to other businesses

5. Who can apply for GST registration? If the below following conditions are met, you need to apply for GST/Goods and service tax. • As the name insists, if you provide services and goods outside India • If you have branches/retail/wholesale stores more than one state • If the turnover of your business is above INR 20 lakhs • If you have an eCommerce business or online products selling • If you have either Value added tax, service tax & excise laws

6. Documents required for applying GST? Private Limited • New Company's PAN Card Xerox • All Director's Aadhaarcard • Address Proof • Bank Details • MOA, AOA, and Incorporation Partnership/ LLP • Partnership's PAN Card xerox/original • Partnership Deed/ LLP Certificate • Partner's Aadhaar • Address Proof • Bank Details

7. Easy steps for GST Online? • Get a consultation from leading GST experts through Sulekha.com • Drafting of documents required • Upload the needed documents online • Make payment for the registration/consultation • ARN generation • Get GST number in your mail

8. How to apply for Online GST registration? • Open the browser and visit reg.gst.gov.in/registration/ • User credentials and OTP verification are the GST registration process in the govt portal • In the above portal, you can either register for GST or can apply for TRN that is Temporary reference number • You may have to upload your documents for business verification • After the successful verification of the documents/data, you will be getting ARN (Application Reference Number) issued by the GSTN system portal to the taxpayers • You will get your GST number through the mail

9. Why Choose Sulekha? • Go through more than 9990+ GST Professionals PAN India • Experienced & Trusted CA professionals • Get Free Quote Instantly for all your business services • Reliable services from Adroit Chartered Accountant • Easy to compare the prices with other business providers • 24*7 Tech Support when you need assistance Happy GST Registration through Sulekha.com