Prior to the implementation of GST businesses registered with state VAT laws were given a unique TIN number and also a service tax registration number was given by the Central Government of Excise and Custom.
Now this multiple taxes have been replaced by GST which is a single platform for registered taxpayers and these businesses will be assigned a unique tax identification number called GSTIN or Goods and Services Tax Identification Number. Read More
GST the abbreviation for Goods and Services Tax was rolled out in India on April 1st 2017. It is a one tax system which encompasses all the state and central taxes like VAT, Service Tax, CST, Excise Duty, Entertainment Tax and Luxury Tax. GST is mandatory and the ounce of the tax burden falls on the end customers buying it.
The journey of GST which routes back to 2006 had its own ups and downs; GST Registration in India is one of the most important legal establishments for buying or selling of goods or offering services. At Aavana our tax consultants help you in the entire GST Registration process in a structured and easy way. We provide GST Registration process at affordable pricing as per the requirements.
GST REGISTRATION PROCEDURE
GST process in India is done online through the government portal;
No hazzels of paperwork, as entire GST process is done online and you don’t have the tedious process for filling and submitting forms manually.
Provisional ID and password is mandatory for business organisations like procure provisional ID and passwords offered by your concerned state authorities.
For the GST process to flow smoothly be prepare with Valid email Address, Valid Mobile Number, Bank Account number and IFSC code
GST needs to be done for all types of incorporations with the following documents in digital format as per the guidelines mentioned.
Proof of constitution of Business:
In a case of Partnership deed – Partnership deed (PDF or JPEG in the maximum file size of 1 MB).
In a case of others: Registration Certification of the business entity (PDF and JPEG format in a maximum file size of 1 MB).
Photograph of Promoters/Partners/Karta of HUF (JPEG format in a maximum file size of 100 KB).
Proof of appointment of authorized signatory (PDF and JPEG format in the maximum size of 1 MB).
Photograph of authorized Signatory (JPEG format in a maximum file size of 100 KB).
Opening page of Passbook/Statement containing the following information:
Bank account number
Address of branch
Address of account holder
Few transaction details (PDF and JPEG format in maximum file size of 1 MB).
Documents may slightly vary for you, Please see as per your registered company.
Additional Documents as per your legally registered entity are mentioned below:
OPC (One Person Company):
MOA/AOA and Certificate of Incorporation of Company
Mobile no and Email Address of Applicant Director and Nominee Director
Private Ltd Company/Public Limited Company:
MOA/AOA and Certificate of Incorporation of Company
Partnership Deed of Firm
LLP (Limited Liability Partnership):
LLP Agreement and Certificate of Incorporation
Trust/Society/Section 8 Company:
Bye laws / Moa of Organization
WHO NEEDS TO REGISTER FOR GST IN INDIA?
Supplier who runs a business in India
Business with an aggregate turnover exceeding the threshold limit of 20 lakh
People who supply goods or services through E commerce operators
Agents of supplier
Having branches in multiple states or having many business verticals within a state
Currently registered under any of the earlier indirect tax regimes (VAT, Excise Laws, Service Tax Laws) irrespective of the threshold limit
Furnishing online information and database access, or retrieval services from a place outside India to a person in India, other than a registered taxable person.
Increased revenue for the State and Central Government
As GST is one nation one tax it reduces the cumbersome process of multiple tax system
Uncomplicated online procedure for filing GST
Regulation of unorganized sectors
As GST is one single tax to be paid, it improves the clarity and efficiency o the tax system
GST being a simple process will give a profitable edge to India in the International Market and also boost the foreign direct investment.
BENEFITS OF GST REGISTRATION WITH US:
Offer advice on the terms of GST and the exact documents and details required
Cost Effective pricing
GST Registration done as per the tax compliances
We not only help in GST registration, but also filing of GST returns
Complete support on GST and other compliances.
Features of GST Registration
CGST & SGST
GST will have a central component (Central Goods and Services Tax or CGST) and a state component (State Goods and Services Tax or SGST). Therefore, centre and state will levy GST on all entities. Inter-state transactions will attract the Integrated Goods and Services Tax (IGST), to be levied by the centre.
Businesses with a supply turnover of over Rs. 20 lakh must register for GST. The key word here is supply, which takes into consideration any turnover, including stock-taking, discounts and freebies. In fact, even those supplying non-taxable goods must register for GST. Business making sales to other states must register for GST, regardless of turnover.
Taxes Subsumed by GST
The GST will consolidate Central Excise Duty, Service Tax, VAT, Central Sales Tax, Customs Duty, Central Surcharge & Cess, Octroi, Luxury Tax, Entertainment Tax, Purchase Tax and a few other indirect taxes. The GST will apply on all goods and services. Even petrol and petroleum products will eventually be subject to it.
The GST council has decided on a four-tier structure. The GST rate will depend on the type of goods and services. Currently, the slab rates are 5%, 12%, 18% and 28%. The rate for gold is yet to be decided, and will likely to be the lowest of all.
GST Registration for Foreign Non-Resident Taxpayer
Goods and Services Tax or GST has been implemented in India from 1st July, 2017 and non-resident taxpayers are also required to obtain GST registration and file GST returns. According to the GST Act, “non-resident taxable person” means any person who occasionally undertakes transactions involving supply of goods or services or both, whether as principal or agent or in any other capacity, but who has no fixed place of business or residence in India. All non-resident taxable persons are required to appoint an authorised person in India for the purpose of complying with GST regulations.
Aavana Corporate Solutions is the leading business services platform in India, offering a variety of services like GST migration, GST registration, GST return filing, private limited company registration, trademark filing and more. Aavana Corporate Solutions can help you foreign companies and NRIs with end-to-end GST compliance services starting from GST registration to GST return filing through a proprietary GST accounting software. The average time taken to obtain GST registration is about 10 - 15 working days, subject to government processing time and client document submission. Get a free consultation on GST registration, GST accounting and GST return filing by scheduling an appointment with an Aavana Corporate Solutions Advisor.
Non-resident taxpayers are required to obtain GST registration as a Non-Resident Foreign Taxpayer 5 days prior to the undertaking business in India. An application for GST registration for foreign non-resident taxable person must be made through an authorised agent in India. Once, an application for GST registration is filed, a transaction number would be generated. Using the transaction number, GST deposit must be made by the taxpayer to obtain GST registration in India.
If a business operates from more than one state, then a separate GST registration is required for each state. For instance, If a bakery sells in Telangana and Maharashtra, separate GST registrations have to be applied for both states.
GSTIN is the unique tax registration number given to businesses whereas GSTN or the Goods and Services Network is an entity which manages the complete IT system, financial transactions and will provide taxpayers with all services – from registration to filing taxes and maintaining all tax details through the GST portal.
A unique Identification Number is given through the GST Portal to by the concerned state tax authorities to Government entities and PSUs for inter-state purchases and not making outward supplies of GST related goods and services.