You can get your GST Registration through Finantric. Here, we excel in to reduce the burden of a lengthy registration process. Our expert team will guide you on how you’ll get GSTIN during a hassle-free way. You can apply anytime for your GST number whether you’re based in Delhi NCR, Mumbai, Bengaluru, Chennai, or anywhere in India. Register for GST online and stay ahead in GST Compliance!
About GST Registration
Introducing Goods and Services Tax (GST) had been a big tax reform in India. And so much time have been passed since its introduction that questions like “what is GST Registration” on” don’t sound correct. So here is a brief introduction
Types of GST
India has a Dual GST Model. Under this tax maybe levied simultaneously by both Central and State governments on certain taxable supplies. Such as on inter-state supplies, tax is levied by Central Government.
Features | Central GST – CGST | State GST – SGST | Integrated GST – IGST |
Tax Levied By | Central Government on Intra-State supplies of Goods and/or Services | State Government, on Intra-State supplies | Central Government, on Inter-State supplies |
Applicability | Supplies inside a state | Supplies inside a state | Interstate supplies and import |
Input Tax Credit | First against IGST and then CGST | First against IGST and then SGST | First against IGST, then CGST and Last SGST |
Tax Revenue Sharing | Central Government | State Government | Shared between State and Central governments |
Who Must Get GST Registration
All businesses involved in buying or selling goods or providing services, or both, should have to register for GST. But for below-listed persons, GST Registration is compulsory.
- Previous Law Converted Taxpayer –All entities registered under the Pre-GST tax laws like Service Tax or Excise or VAT, etc.
- Turnover for Goods Provider –If your business sales or turnover of goods is crossing Rs. 40 lakh during a year then GST Registration is mandatory. For Special Category States, the limit is Rs. 20 lakh in a year.
- Turnover for Service Provider –If you’re a service provider & sales or turnover is crossing Rs. 20 lakh during a year then GST Registration is mandatory. For Special Category States, the limit is Rs. 10 lakh in a year
- Casual Taxpayer – If you supply goods or services, in events/exhibitions, and don’t have a permanent establishment of doing business. In that case, GST is charged on the basis of an estimated turnover of 90 days. The validity of the Registration is also for 90 days.
- Agents of Suppliers or Input Service Distributor (ISD) – All supplier agents and ISD, to earn benefits of Input Tax Credit (ITC), need GST Registration.
- NRI Taxable Person – If you’re an NRI or handling the business of NRI in India.
- Reverse Charge Mechanism (RCM) –Businesses who need to pay taxes under the RCM also need to get GST registration.
- E-Commerce Portals & Sellers –Every e-commerce portal (like- Amazon or Flipkart) under which various vendors are selling their products or for all vendors, you will need a GST Registration.
- Outside India Online Portal– For suppliers of online information and database access or retrieval services from a place outside India to Indian Residents.
- Transferee– When the business has been transferred.
- Inter-State Operations– Persons making an inter-state supply. Whatever the turnover.
- Brands – Aggregator who supplies service under his Brand or Trade Name.
- Other Taxation– Persons who are required to deduct tax u/s 37 (TDS) of the Income Tax Act, 1961.
- Voluntary GST Registration– Any entity can obtain GST registration at any-time. Even when the above mandatory conditions don’t apply to them.
- Inter-State Registration– If you’re a supplier in more than one state you will need GST Registration in all the states in which you supply goods or services to.
- Branches – If your business has multiple branches in multiple states, register one particular branch as head office and the remaining branches as additional branches. (Not applicable if the business has separate verticals as listed in Section 2 (18) of the CGST Act, 2017.)
The Special Category States under GST Act are:
(a) Arunachal Pradesh, (b) Assam, (c) Sikkim, (d) Meghalaya, (e) Tripura, (f) Mizoram, (g) Manipur, (h) Nagaland, and (i) Himachal Pradesh. These states have an option to choose for tax payable at a concessional rate.
Procedure of GST Registration through Finantric
Send your documents that are required according to your category of business and pay the fees.
We will file all your forms on behalf of you along with the declaration.
As soon as we’ll get your GST number, we’ll send you by E-mail.
