GST Registration Online – An Overview
GST (Goods and Services Tax) is a single indirect tax valid throughout the country. This tax was introduced by the Government of India in 2017 under the “one nation, one tax” reform. The chief aim was to unite various kinds of taxes into one. GST is a destination-based tax, which means it is levied where the goods and services are consumed and not where they are manufactured.
GST Registration Online
Adarsh Singhal and Its Associates offers GST registration services. You can simply contact the center and inform us of your requirements. Our experts will contact you and assist you throughout the entire process of GST registration. It usually takes 4-6 days for GST registration.
During the registration process, the taxpayer receives a PAN-based 15-digit GSTIN – Goods and Services Taxpayer Identification Number.
Who Must Register for GST?
- Casual taxpayer: A business holder who supplies goods/services occasionally and has no specific business location.
- Non-resident taxpayer: One who supplies goods/services without a fixed location of business in India.
- Inter-state taxpayer: Individuals who supply goods/services across different states.
- Input service distributors.
- E-commerce businesses.
- People who supply through e-commerce sites.
GST registration online is mandatory for businesses with an annual turnover of more than Rs. 40 lakhs (for goods), more than Rs. 20 lakhs (for services), or more than Rs. 10 lakhs, as applicable. Businesses that are liable to register but fail to do so can face severe penalties, as it is considered an offence.
Documents Required
- Aadhar Card
- PAN Card
- Business registration proof
- Address proof of business location
- Rent agreement, if business location is rented
- Cancelled cheque or bank account statement
- Letter of authorization
GST registration online can be done more efficiently when you have all the documents in place and an expert lawyer who specializes in business laws.
Benefits of Registering for GST
- GST eliminates the cascading tax effect by bringing all taxes under one umbrella.
- Due to the higher threshold for GST registration, it exempts many small businesspeople and traders.
- The Government of India has provided a simple and hassle-free GST registration online process.
- Under GST, you only need to file one unified return, cutting down the number of returns a businessperson had to file previously.
- Increased logistics efficiency, as businesses no longer need multiple warehouses to avoid multiple taxes.
- GST has helped to regulate the unorganized sector.
- GST has brought clarity to the e-commerce world and removed confusion and differential treatment.