Goods And Services Tax (GST) Registration

Goods and Services Tax(GST) is a comprehensive tax levied on manufacture, trade and services across India. From 1st July, 2017 GST has replaced most of Centre and State imposed indirect taxes like VAT, Service Tax , Excise etc. Goods and Services Tax Identification Number (GSTIN) is a 15 digits state-wise PAN-based number to be used to identify businesses registered under GST. Click here to know your GSTIN.

GST regulations are applicable if your annual turnover is Rs. 20 lakh or above. In case of North Eastern states (Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura) and hilly regions i.e. Himachal Pradesh, Uttarakhand,Jammu & Kashmir and Sikkim, the threshold limit is Rs. 10 lakh.

The registration is mandatory on crossing the limit of Rs.19,00,000 in previous financial year( for special category states it is Rs. 9,00,000).

Note: If you are selling your goods through online platforms like amazon, Flipkart etc, GST registration is mandatory.

Businesses in the Northeastern and hill states with annual turnover below Rs.10 lakh have been kept out of the GST net. Since your turnover is not exceeding the limit of Rs. 10 lakh, GST registration is not mandatory for you. In following cases registration is mandatory even if turnover limit has not been crossed:

• For claiming input of the tax paid on purchase from supplier
• If your supplier is registered under GST and wants to claim the credit of his purchase, he can do so only if you are able to issue a GST invoice, thus GST registration becomes mandatory in the case

If you are an existing taxpayer you will be transitioned to GST which simply means that now you will be considered as registered under GST. Initially, a provisional registration ID will be allotted which will be replaced by Final Registration ID on fulfilment of government conditions.

An existing taxpayer is an entity currently registered under any State or Central laws, like Value Added Tax Act, Central Excise Act and Service Tax Act. Existing taxpayers include taxpayers already registered under :-

• Central Excise
• Service Tax
• State Sales Tax or VAT (except exclusive liquor dealers if registered under VAT)
• Entry Tax
• Luxury Tax
• Entertainment Tax (except levied by the local bodies)

PAN is mandatory to apply for GST registration (except for non-resident person who can get GST registration on the basis of other documents)

Yes, the entities with an annual turnover of Rs 75 lakh and less can avoid collecting GST by opting for the Composition Levy.

Yes, GST is applicable from 1st April, 2017. The following time limit has to be observed:

• Already registered dealer will get automatic PAN based registration number without fresh application. A Provisional ID will be generated which needs to be replaced with Final Taxpayer Identification Numbe(GSTIN)r on completion of formalities.
• New dealers crossing the specified threshold limit need to get registered within 30 days from crossing of such limit.

If you have multiple places of businesses in same state, you can get them all registered under a single GST registration application. Give the name of your registered business place as primary place of busienss, the other branches can be added as additional places of business at no additional cost. There is no limit on number of branches that you can add under a single GST registration application, provided all the branches are in same State.

When you occasionally make supply of goods/services as a principal or agent or any other capacity, in a taxable territory, where GST applies but you don’t have a fixed place of business in India. As per GST you will be treated as a non-resident taxable person. Key pointers:

• Registration shall be valid for 90 days.
• It can be further extended by 90 days.
• An advance deposit of tax liability for the period of registration must be made. Additional tax must be deposited if extension of registration is sought.
• This tax deposited shall be used like ‘input credit’.

Under the GST law, a normal taxpayer will be required to furnish three returns monthly and one annual return. Similarly, there are separate returns for a taxpayer registered under the composition scheme and a taxpayer registered as an Input Service Distributor. Click here to read all about return form nos. And due dates for filing the returns. For month of July & August you need to file GSTR 3B.

Electronically signing the Registration Application using DSC is mandatory for enrolment by Companies, Foreign Companies, Limited Liability Partnership (LLPs) and Foreign Limited Liability Partnership (FLLPs). For other taxpayers, electronically signing using DSC is optional. You may purchase our DSC package from here before proceeding in case you do not have a DSC

This package is valid only if you have all the necessary documents mentioned in the “Documents to be Submitted” . If your company is not registered please have it registered with us first and then GST registration will be pursued.

For now rectification in GST registration is not possible. Once enabled, you will be able to add other business located in same state as additional place to business. We will advise you to wait till the government announces that rectification in original registration can be made. If you need GST registration for your new location urgently, you can apply for a fresh registration for that branch.

Yes, if place of business are in two different states you need to apply for seperate registration even if business PAN is same.

Yes, if place of business are in two different states you need to apply for seperate registration even if business PAN is same.

GST registration is mandatory for all businesses selling their product or rendering services through e-commerce operators like Amazon, Flipkart, Ola etc

Tax credit for pre-GST laws like VAT, Excise etc can be carried forwarded by filing transition forms Tran 1 & Tran 2. Read our complete guide on transition. https://cleartax.in/s/itc-claim-stock-transition-forms/

Every registered person under GST needs to file GST returns for the period starting from the time he got registered or the date when GST got implemented(i.e 1st July)[WHICHEVER IS LATER] . If your business is registered in GST in August, you need to file return for period starting from 1st August, 2017.