GST REGISTRATION
Welcome to Loknath CSC’s portal OnlineServicesAssam.com, your trusted destination for hassle-free GST registration services in Assam, India. Whether you prefer the convenience of online registration or personalized assistance at our offline center, we’ve got you covered. GST registration is a crucial step for businesses, and we understand the complexities involved. Our expert team ensures a seamless and efficient registration process, guiding you through every step. From online application submission to document verification, we handle it all, so you can focus on your core business activities. With our services, you can obtain your unique GSTIN quickly and effortlessly. Don’t let the complexities of GST registration hold you back; choose us as your reliable partner and experience a smooth journey towards GST compliance. Contact us today to get started and unlock the benefits of a simplified tax system.
For a limited time period, get a GST registration online for your business at ₹999, Just submit your details and our business expert will get on a call with you to explain the process
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Who should get a GST registration in India?
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Based on Aggregate Turnover: Any service provider who provides a service value of more than Rs. 20 Lakhs aggregate in a year is required to obtain GST registration. In the case of a few special category states the limit is Rs. 10 lakhs. Entities who are exclusively engaged in the supply of goods whose aggregate turnover crosses Rs.40 lakhs is required to obtain GST registration.
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Interstate business: An entity shall register for GST if they supply goods interstate, i.e., from one state to another irrespective of their aggregate turnover. Interstate service providers need to obtain GST registration only if their annual turnover exceeds Rs. 20 lakhs. (In special category states, this limit is Rs. 10 lakhs).
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E-Commerce Platform: Any individual supplying goods or services through an e-commerce platform shall apply for GST registration. The individual shall register irrespective of the turnover. Hence, sellers on Flipkart, Amazon and other e-commerce platforms must obtain registration to commence activity.
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Casual Taxable Person: Any individual undertaking supply of goods, services seasonally or intermittently through a temporary stall or shop must apply for GST. The individual shall apply irrespective of the annual aggregate turnover.
Types of GST registration in India
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Normal Scheme – All taxpayers falling in any one of the categories mentioned above is required to register under the normal scheme.
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Non Residential taxable person – The category applies to individuals who occasionally undertakes transactions involving the supply of goods or services, or both, whether as principal or agent or in any other capacity, but who has no fixed place of business or residence in India. outside of India. The taxpayers should supply goods or services to residents in India. The registration remains active for a period of 3 months.
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Casual taxable person – Any taxpayer establishing a stall or a seasonal shop has to register under this scheme. To register as a casual taxable person, the taxpayer shall pay a deposit equivalent to the estimated amount of GST liability. The registration remains active for a period of 3 months.
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Composition scheme – An entity should enrol under the GST composition scheme to register as a composition taxpayer. Any taxpayer whose turnover is less than rs. 1.5 Crore can avail this facility. Under this scheme entities can pay GST at minimal rates (i.e. 1%, 5% or 6%). However, they will not be allowed to claim the input tax credit.
Documents required for GST registration
The following documents must be submitted by regular taxpayers applying for GST registration.
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For a Proprietorship
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PAN Card
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Address proof of proprietor
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LLP / Partnership Firm
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PAN Card of LLP
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LLP Agreement
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Partners’ names and address proof
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Private Limited Company
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Certificate of Incorporation
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PAN Card of Company
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Articles of Association, AOA
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Memorandum of Association, MOA
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Resolution signed by board members
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Identity and address proof of directors
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Digital Signature
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Note-
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Identity Proof can be PAN, passport, driving license, Aadhar card or voter’s identity card.
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Photograph of all promoters and directors also need to be submitted.
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Address proof must be provided for all places of businesses mentioned in the GST registration application is to be provided.
The following documents are accepted as ADDRESS PROOF for GST registration:
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Own property- Any document in support of the ownership of the premises like the latest property tax receipt, municipal khata copy or electricity bill copy.
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Rented or leased property- A copy of a valid rental agreement with any document in support of the ownership of the premises of the lessor like the latest property tax receipt or the municipal khata copy or copy of the electricity bill. If the rental agreement or lease deed is not available, then an affidavit to that effect along with any document in support of the possession of the premises like a copy of the electricity bill is acceptable.
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SEZ premises- If the principal place of business is located in an SEZ or the applicant is an SEZ developer, necessary documents/certificates issued by the government of India are required to be uploaded.
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All other cases- A copy of the consent letter of the owner of the premises with any document in support of the ownership of the premises of the consenter like the municipal khata copy or the electricity bill copy. The same documents can be uploaded for the shared property as well.
Our GST Registration Process
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Application Filing – Once the package is purchased, our in house expert will get in touch with you to walk you through the whole process. Subsequently, all required documents will be collected and our internal team will process the application.
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GST Registration Certificate – The GST registration certificate and GSTIN will be issued upon verification of GST application and other mandatory documents by the GST department. Be aware that no hard copies of the certificate will be issued and the GST registration certificate can be downloaded from the GST Portal.
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Penalties For Non Registration or Late Registration under GST- As per Section 122 of the CGST Act, in India, there is a direct penalty for all those taxable persons who fail to register for GST. According to section 122 of the CGST Act, any taxable person who fails to register under GST even if he/she is legally bound as per the GST Act needs to pay Rs. 10,000 or the amount of tax evaded, whichever is higher.
Benefits of voluntary registration under GST
Any business can voluntarily register for GST even though it is not mandated by law. Voluntary GST registration has its own advantages and some of them are:
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Input Tax Credit: In GST, there is a flow of input credit right from manufacturers of the goods to the consumers, across the country. Input credit means a taxpayer while paying tax on output can deduct the tax that has already been paid on inputs and pay only the remaining amount. Voluntarily registered businesses can increase their margins and profits through this.
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Inter-state sale: SMEs can increase the scope of their businesses and find prospective customers and explore online platforms.
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Sell on e-commerce websites: Organisations can sell their goods on e-commerce platforms like Amazon, Flipkart etc.
Frequently asked questions
Can I apply for GST Registration online?
Yes, you can apply for GST Registration online. You can simply register your business on the official GST portal and then scan and upload all the required documents. You will then receive an acknowledgement. A GSTIN will be generated on acceptance of the application and a temporary password and login will be sent. GSTIN is a unique 15-digit ID. The exemption limit of Rs. 20 lakh turnover is applicable for all businesses except for the Indian states in the northeast region. Businesses registered in Meghalaya, Manipur, Mizoram, Nagaland and Tripura must get a GST registration if their aggregate turnover exceeds Rs. 10 lakh. As mentioned above, this threshold limit applies only to businesses that operate within their home state. A business that conducts trade with another state must seek registration regardless of turnover.
Is the GST threshold limit the same for all Indian states?
The exemption limit of Rs. 20 lakh turnover is applicable for all businesses except for the Indian states in the northeast region. Businesses registered in Meghalaya, Manipur, Mizoram, Nagaland and Tripura must get a GST registration if their aggregate turnover exceeds Rs. 10 lakh. As mentioned above, this threshold limit applies only to businesses that operate within their home state. A business that conducts trade with another state must seek registration regardless of turnover.
How would the composition scheme work under GST?
Small businesses registered under the GST composition scheme can pay GST at a fixed rate (i.e 1%, 5% or 6%) of turnover every quarter and file GST returns annually.
Only Manufacturers of goods, dealers, and restaurants (not serving alcohol) whose annual turnover did not cross the Rs.1.5 crore threshold in the preceding financial year is elligible to opt for the composition scheme. In case of states like Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura and Uttarakhand the turnover limit for composition scheme is Rs 75 lakh.
There are few conditions in order to avail the composition scheme. A person will not be elligible if he/she is involved in the supply of goods which are not leviable to tax, they are not engaged in making any inter-state outward supply of goods, not engaged in supply of goods via e-commerce operator (i.e Amazon, Flipkart, etc), is not a manufacturer of ice cream, pan masala, aerated water, tobaco and tobaco substitutes.
For the purpose of computing the aggregating turnover, we shall include the turnover of taxable supplies (excluding the value of inward supplies on which tax is payable on reverse charge basis), exempt supplies, export of goods or services or both and interstate supplies of persons having the same PAN to be computed on all India basis but excludes GST (CGST, SGST, UTT, IGST, Cess)
Composition tax payer will not be allowed to avail the GST input credit on his inward supplies. The validity of composition scheme will depend on the turnover of the business concern in the current year. If the turn over in the current year crossess the threashold mark of Rs. 1.5 crore (or Rs. 75 lakh, as the case maybe) they will have to switch to the normal scheme and would thereafter be elligible to avail the input tax credit on the stock of raw material, semi-finished goods, finished goods and capital goods held by him on the date of withdrawal of the composition scheme.
Can I opt-in for composition scheme anytime during the year?
No. Before the beginning of every financial year, a registered taxpayer is required to provide a declaration on the GST Portal. This cannot be done anytime during the year.
When to apply for multiple GST registrations?
Multiple GST registrations may be required in certain scenarios to comply with the Goods and Services Tax (GST) regulations in India. Here are some situations where applying for multiple GST registrations is necessary:
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Multiple Business Verticals: If you operate multiple business verticals or have distinct business divisions with separate revenue streams, it is advisable to apply for separate GST registrations for each vertical. This ensures proper segregation of transactions, compliance, and accurate reporting for each business segment.
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Different States: If your business operates in multiple states within India, you are generally required to obtain a separate GST registration for each state. GST is levied at the state level, and businesses must comply with the respective state laws and regulations.
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Branches and Locations: If your business has branches or offices in different cities or locations within the same state, it might be necessary to obtain separate GST registrations for each branch or location. This allows proper tracking of transactions and compliance with local requirements.
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Input Tax Credit (ITC) Utilization: In some cases, businesses may choose to have separate GST registrations to optimize the utilization of input tax credits. By segregating transactions based on their eligibility for claiming ITC, businesses can maximize their tax benefits.
Is my physical presence required for GST Registration ?
No. The GST registration process at Loknath CSC is completely online. So, your phusical presence is not requried during the registration process. All we need is just a computer/ laptop/ phone, internet connection, and the required documents. We can get the job done for you, even if you are at the remotest location in India.