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OVERVIEW

All about GST Registration

Business having turnover of more than 40* lacks required to get registered under Goods & Services Tax Act, 2017. GST registration is compulsory for all of the business entity, who wishes to trade in India whenever their aggregate turnover exceeds prescribed limit and compulsory in some cases like inter-sate transaction.

A business registered with GST, only can issue tax invoice and avail the benefit of Input tax credit. Registered taxable person will be allotted for each State/ UT having business places a PAN-based 15-digit GST Identification Number (GSTIN) as per the following structure.

Who should register under Goods & Services Tax (GST)

  • Person registers under previous laws where excise, vat or service tax was applicable.
  • Business with aggregate turnover exceed 40* lacks in other states and 20* lacks for Northern-eastern states, J&K, Himanchal Pradesh.
  • Input service distributor
  • Casual Taxable person
  • Non Resident taxable person
  • E-commerce aggregator
  • Business doing through e-commerce portal
  • Person supplying online information and database or retrieval service from a place outside India, other than a registered taxable person
  • Person paying tax under reverse charge mechanism (RCM)

Which type of GST Registration is suitable for me?

  • Regular dealer:- A dealer who wish to trade without any restriction & want to avail the benefit to issue a tax invoice, collecting Gst and taking input tax credit can opt for the Gst registration under Regular scheme.
  • Casual dealer:- A dealer who need Gst registration for a short period of time like selling the product from a trade promotional event or providing service from a promotional event, or other situation, where duration of the period is less than 90 days, can take the registration under Casual dealer. Benefit under casual dealer registration and regular dealer registration is same, the only difference is the period of time.
  • Composite dealer:- A dealer who does want to adhere Gst compliances due to their small turnover or small nature of work, can avail the benefit of registration under Composition scheme. Under this scheme, a dealer can do the business up to a turnover of 1.5 crore, but after that, it need to be converted into regular scheme. There are some disadvantage like , dealer can’t issue Tax invoice, can’t take input tax credit , can’t make inter-sate sale.

DOCUMENTS REQUIRED

Documents required for GST incorporation

For Individual

  • PAN of the Applicant
  • Aadhar card/Voter Id/Passport/Driving license of the applicant
  • Passport size color Photograph of proprietor
  • Address proof of the place of business
  • Electricity bill/Water bill/Telephone bill
  • NOC form owner of the premise
  • If rented, then Electricity bill and Rent agreement or lease agreement

For Company/Partnership firm/LLP

  • Identity and Address proof of Promoters/Director with Photographs
  • Proof of business registration (Incorporation certificate or Partnership deed)
  • Bank Account statement/Cancelled cheque
  • Address proof of the place of business
  • Digital Signature
  • Letter of Authorization/Board Resolution for Authorization

REGISTRATION PROCESS

Registration Process of GST Company

The process of PF registration in India can be completed online and offline through the official government portal. The steps involved in the process are as follows:

  • Trade name decision
  • Checking of Trademark
  • Document Collection
  • Filling of the Application
  • Checking of the application by Department
  • Filling of Registered office & commencement of Business after Incorporation
  • Issue of Certificate of Registration

Why Registration Guru ?

Registration Guru india's only company which have an expert team of all professionals(Chartered accountants, Cost accountants, Company secretary & lawyers) under one roof with the object to provide every business management consulting service to client with quality and cost effective manner. Our team is capable to handle all registration, Legal, audit, accouting & statutory requirement with our expertise of near about two decades. We assure that our client does not require to search any other consulant for any of their business consulting matters.

What will you Get from Us

  • Trade name availability check
  • Trademark search
  • Application filling
  • Department follow-up
  • Certificate of Registration
  • Documents Format
  • Bank account opening document support

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Client Reviews

Best part of the firm is that, they have all type of business registration service under one roof. We got our RERA registration within very short period of time.
members Aditya Aggarwal:
Director- Youngace Global
I met Registration Guru for incorporation of my company- Zotomart private limited in 2016. Since then, then his firm is handling our all compliances and I am very much satisfied with the service.
members IKBAL HUSSAIN
Director- Zotomart
I was searching for a Tax consultant to save my tax and also to get advice for my future saving and tax benefit scheme. I found the firm on the internet and I was very satisfied to have their service and their expert advice.
members Rajesh Kumar
Head-IT

Frequently Asked Questions ?

Ans. All establishments with 20 or more employees are required to register for PF. However, establishments with fewer than 20 employees can also register voluntarily.

Ans. No, PF registration is not mandatory for employees. However, if an establishment is registered under the PF scheme, it is mandatory for all employees to become members of the scheme.

Ans. The employer needs to contribute 12% of the employee’s basic salary, dearness allowance, and retaining allowance (if any) towards the PF scheme. The employee also contributes an equal amount towards the scheme.

Ans. Employees can transfer their PF account from their previous employer to their current employer. They need to submit Form 13 to their current employer, who will initiate the transfer process.

Ans. Employees can withdraw their PF amount before retirement in case of emergencies, such as medical emergencies, disability, or death. However, withdrawal of PF amount before completion of 5 years of continuous service attracts tax implications.

Ans. EPFO is responsible for the administration of the PF scheme. It provides an online portal for employers to register, make contributions, and file returns. It also ensures that the contributions made towards the PF scheme are invested in a safe and secure manner, and provides a platform for employees to check their PF balance and track their contributions.

Ans. Yes, an employer can register for PF online through the Employees’ Provident Fund Organisation (EPFO) website.

Ans. Employers are required to register for PF within one month of reaching the threshold of 20 employees.

Ans. Non-registration or delay in registration for PF can attract penalties and interest. The penalty for non-registration can be up to Rs. 5,000 per day of default, and the interest on delayed contributions can be up to 12% per annum.

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