Under Goods And Services Tax (GST), businesses whose turnover exceeds the threshold limit of Rs.40 lakh or Rs.20 lakh or Rs.10 lakh as the case may be, must register as a normal taxable person. It is called GST registration.
For certain businesses, registration under GST is mandatory. If the organization carries on business without registering under GST, it is an offence under GST and heavy penalties will apply.
GST registration usually takes between 2-6 working days. Team Clear can help you obtain GST registration faster in 3 easy steps.
GST registration can be obtained on the GST portal. One must apply for GST registration in Form REG-01 on the GST portal following steps outlined in our article “How to apply for GST registration?”.
However, the GST registration services at ClearTax helps you to get your business GST registered and obtain your GSTIN.
Clear GST experts will guide you on the applicability and compliances under GST for your business and get your business registered under GST.
An offender not paying tax or making short payments (genuine errors) has to pay a penalty of 10% of the tax amount due subject to a minimum of Rs.10,000.
The penalty will at 100% of the tax amount due when the offender has deliberately evaded paying taxes
GST registration is mandatory for businesses with turnover exceeding certain thresholds. ClearTax offers online submission, processing, and filing services. The process takes 2-6 working days. Required documents include PAN, Aadhaar, proof of business, and more. Failure to register incurs penalties. Service helps obtain GSTIN efficiently. Businesses and individuals eligible must register to avoid penalties. Users can gain assistance from ClearTax professionals throughout the registration process.