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GST Registration Online

Launched on July 1 2017, the Goods & Services Tax (GST) applies to all Indian service providers (including freelancers), traders and manufacturers. A variety of Central taxes like Service Tax, Excise Duty, CST and state taxes like Entertainment Tax, Luxury Tax, Octroi, VAT are absorbed in one tax – GST, implemented on 01.07.2017. GST is to be charged at every step of the supply chain, with full set-off benefits available. The procedure for GST is entirely online and requires no manual intervention.

Every product goes through multiple stages along the supply chain, which includes the purchasing of raw materials, manufacturing, sale to the wholesaler, selling to the retailer and then the final sale to the consumer. Interestingly, GST will be levied on all of these 3 stages. Let’s say if a product is produced in West Bengal but is being consumed in Uttar Pradesh, the entire revenue will go to Uttar Pradesh.

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Mandatory documents for Online GST registration

The list of documents required for registration of GST for various business are as follows:
Proprietorship
  • • PAN Card and address proof of proprietor
    • LLP
  • • PAN Card of LLP
  • • LLP Agreement
  • • Partners’ names and address proof
    • Private Limited Company
  • • Certificate of Incorporation
  • • PAN Card of Company
  • • Articles of Association, AOA
  • • Identity and address proof of directors
  • • Digital Signature
  • • Memorandum of Association, MOA
  • • Identity and address proof of directors

    • What are the GST tax rates?

    01
  • • Items that are considered basic necessities come under exempt list i.e. they are not taxed.
  • • Household necessities and life-saving drugs etc. are taxed at 5%.
  • • Products like computers and processed food are taxed at 12%.
  • • Luxury items are taxed at 28%.

    • Who needs a GST Registration

    Every business or corporation that are involved in the buying and selling and good of services have to register for GST. It is mandatory for companies whose turnover is more than Rs.20 lakhs (for supply of services) and Rs. 40 lakhs ( for supply of goods) yearly to register for a GST.
    • • All businesses making interstate outward supplies of goods have to register for a GST too.
    • • The same applies to businesses making taxable supplies on behalf of other taxable persons, example Agents and Brokers.
    • • Also, as per the recent notification, e-commerce sellers/aggregators need not register if total sales are less than Rs.20 lakhs.

    Application Filing

    Once all the documents are collected, the application will be processed and filed. Then immediately the ARN number will be issued.

    What is a GST Return

    A GST Return is a document containing details of income that is required to be filed as per the law with the tax authorities. Under the GST law, a taxpayer has to submit two returns on a monthly basis and one such return annually.
    • • All returns have to be filed online. Please note that there is no provision for revising the returns.
    • All invoices for the previous tax period that went unreported must be included in the current month.
    • Under GST, a registered dealer has to file GST returns that include: Purchases, Sales, Output, GST (On sales) and Input tax credit (GST paid on purchases).