GST Registration

What is GST Registration?

GST (Goods and Services Tax) Registration is a mandatory process for businesses in India under the GST Act, 2017. GST is a unified indirect tax that replaced multiple taxes like VAT, Service Tax, and Excise Duty, streamlining the taxation system. It is required for businesses whose annual turnover exceeds ₹40 lakh (₹10 lakh for North-Eastern and hill states) or for specific businesses as per GST laws.

GST Registration provides a unique GST Identification Number (GSTIN), which is essential for collecting GST, claiming input tax credits, and complying with tax regulations.

Who Needs GST Registration?
GST Registration is mandatory for:

  1. Businesses with High Turnover:

    • Businesses with an annual turnover exceeding ₹40 lakh (₹10 lakh for special category states).

  2. E-Commerce Sellers:

    • Sellers on platforms like Amazon, Flipkart, or other e-commerce aggregators.

  3. Casual Taxable Persons:

    • Businesses operating temporarily (e.g., exhibitions or events) for up to 90 days.

  4. Non-Resident Taxable Persons:

    • NRIs or foreign entities conducting business in India.

  5. Input Service Distributors (ISD):

    • Businesses distributing input tax credits.

  6. Reverse Charge Mechanism:

    • Businesses liable to pay tax under the reverse charge mechanism.

  7. Inter-State Suppliers:

    • Businesses supplying goods or services across state lines.

  8. Exporters and Importers:

    • Businesses involved in the export or import of goods or services.

Benefits of GST Registration

  1. Legal Compliance: Ensures adherence to GST laws, avoiding penalties.

  2. Input Tax Credit (ITC): Allows businesses to claim credits on taxes paid on purchases.

  3. Business Credibility: Enhances trust among customers and vendors.

  4. Inter-State Operations: Enables seamless inter-state trade without restrictions.

  5. E-Commerce Access: Mandatory for selling on e-commerce platforms.

  6. Simplified Taxation: Replaces multiple taxes with a single, unified tax system.

GST Registration Process Online
The GST Registration process is entirely online and can be completed in a few simple steps:

  1. Visit the GST Portal:

  2. Fill Part-A of Form GST REG-01:

    • Provide basic details like PAN, mobile number, and email address.

    • Receive an OTP for verification and a Temporary Reference Number (TRN).

  3. Fill Part-B of Form GST REG-01:

    • Log in using the TRN and complete the application by providing:

      • Business details (name, address, etc.).

      • Bank account information.

      • HSN/SAC codes for goods/services.

    • Upload required documents.

  4. Submit the Application:

    • Sign the application using a Digital Signature Certificate (DSC) or Aadhaar-based e-signature.

  5. Receive GSTIN:

    • Once verified, the GSTIN (GST Identification Number) and registration certificate are issued.

Documents Required for GST Registration
The documents vary based on the type of business entity:

For Proprietorship:

  • PAN card of the proprietor.

  • Aadhaar card.

  • Proof of business address (rent agreement, utility bill, etc.).

  • Bank account details (cancelled cheque or statement).

For Partnership/LLP:

  • Partnership deed or LLP agreement.

  • PAN cards of all partners.

  • Proof of business address.

  • Authorization letter for the signatory.

For Private Limited Company:

  • Certificate of Incorporation.

  • PAN card of the company.

  • Memorandum of Association (MOA) and Articles of Association (AOA).

  • Board resolution for authorized signatory.

GST Registration Fees

  • Government Fee: Free of cost (no fee for GST Registration).

  • Professional Fee: Typically ranges from ₹500 to ₹2,000, depending on the service provider.

At vibda.com, we offer a comprehensive GST Registration Package starting at just ₹1,500, which includes:

  • GST application filing by legal experts.

  • Delivery of ARN number within 1 day.

  • GST registration certificate in 4-5 days.

  • 10+ premium legal agreements and invoice templates.

Validity of GST Registration

  • GST Registration is valid indefinitely unless surrendered or canceled.

  • Businesses with a turnover below the threshold can opt for the GST Composition Scheme, which requires annual renewal.

Conclusion
GST Registration is a crucial step for businesses in India to ensure compliance with tax laws, claim input tax credits, and operate seamlessly across states. Whether you are a small business owner, an e-commerce seller, or an exporter, obtaining GST Registration is essential for legal and financial benefits.

For a hassle-free and quick GST Registration process, trust Vibda.com to guide you through every step and ensure timely compliance.