How To Do Registration in GST? - B Pramanik & Associates

How To Do Registration in GST?

Application for GST Registration Filing

GST Secure Identification Number

A dedicated manager will complete your GST registration entirely online. No need to go to the CA office For all of your GST needs, use assisted GST filing.

Why Register for GST?

Businesses should register as regular tax persons under GST If their capital more than Rs. 40 lakh, Rs. 20 lakh, or Rs. 10 lakh, as applicable. GST registration is the term for it.

Registration under GST is required for some companies. If the company does business without registering for GST, it is an offence and faces severe penalties.

It actually takes two to six working days for registration of GST. In 3 simple steps, Team Clear can assist you in obtaining GST registration more quickly.

Who is eligible to register for GST?
One’s who can be Pre-GST legislation participants i.e., VAT, Service Tax, etc.
Business whose Capital more than threshold level of Rs. 40 lakh, Rs. 20 lakh, or Rs. 10 lakh, which is depending on the situation.
Non-Resident taxable person or casual taxpayer.
Agents of a supplier and distributors of input services that pay tax using the reverse charge mechanism.
a supplier through an e-commerce aggregator.
Every online store’s aggregator.

Those who give online information and database access or services to person in India who is not register taxable person from outside of india.

The entire GST registration procedure:-

On the GST site, you may register for GST. The procedures indicated in our article “How to apply for GST registration?” must be followed when submitting Form REG-01 on the GST site to request GST registration.

However, Clear Tax’s GST registration services assist you with registering your firm for GST and obtaining your GSTIN.

The specialists at Clear GST will advise you on how GST applies to your business and what requirements you need to meet in order to register for GST.

Required Documents for GST Registration:-

  • PAN of the Applicant
  • Aadhaar card.
  • Proof of business registration or Incorporation certificate.
  • Identity and Address proof of Promoters/Director with Photographs.
  • Address proof of the place of business.
  • Bank Account statement/Cancelled cheque.
  • Digital Signature.
  • Letter of Authorization/Board Resolution for Authorized Signatory.                                                                                                                                                                                             Fees for GST Registration-                                                                                                                 
    The lengthy 11-step procedure of registering for GST necessitates the submission of several company information and scanned documents. Although there are no costs specified by the GST law for self-register on the GST system, purchasing the GST registration plan with ClearTax can save you a tonne of time and hassle. You may choose Clear GST Registration services, where a GST Expert will help you with GST Registration from beginning to end.Penalty for failing to register for GST-                                                                                                                                                                                                                                       A penalty of 10% of the tax amount owed, subject to a minimum of Rs. 10,000, must be paid by the violator who fails to pay taxes or makes short payments (sincere mistakes).When the offender has purposefully avoided paying taxes, the penalty is 100% of the amount owed.                                                                                                                                                                                                                                             FAQs about GST Registration-                                                                                                  Are GST registrations required?                                  
    Yes, as your revenue reaches the appropriate threshold levels, you must register for GST. To learn more about the most recent GST registration limits, click the links.

Can I submit applications for more than one GST registration?

If a company has locations in many states, the taxpayer needs to register for the GST separately in each of those states. For instance, if a car firm sells in both Karnataka and Tamil Nadu, it must submit separate applications for GST registration in each of both states.

Can I do registration for more than single GST in same state?

Yes, a company can file for as many GST registrations as they can within a state. For doing this business, that the process of reserving various GST registrations which is for various business sectors within state has been out.

Who can sign up for the GST composition scheme?

Small taxpayers might choose the Composition plan if they want to deal with less compliance requirements and lower tax rates under GST.
A dealer who can do the Composition program which must have a total capital of less than Rs 1.5 crore. The current cap is Rs. 75 lakh for Himachal Pradesh and the North-Eastern states. To learn about the system, go here. The Composition plan was also made available to service providers with a combined annual revenue of up to Rs. 50 lakhs by the government. To view the Composition scheme for service providers, go here.

What level of revenue has to be taken into account for the GST registration threshold limit?

To identify turnover, previous turnover should taken into the account. The total value of taxable supplies, including exempt supplies, exports goods and services, or both, and interstate supplies which can made by individuals with the PAN, which can be calculated on all-India basis, is known as as aggregate turnover. It should be noted that the following taxes should not be included when computing total turnover: CGST, SGST, UTGST, IGST, and cess.

What advantages come with GST registration?

For regularly constituted businesses:

  • Utilize the input tax credit.
  • Unrestricted interstate commercial transactions.

For traders in composition:

  • Limited adherence.
  • lower tax obligation.
  • reduced effect on working capital.                                                                                                                                                                                                                                          Companies that they choose to register for GST (Below 40 lakhs):  
  • Utilize an input tax credit.
  • Unrestricted interstate commercial transactions.
  • Simple online and e-commerce website registration.

How much time require to register for GST?

  • Any individual who becomes required to seek GST registration must do so within 30 days of that date.

What happens when GST registration request is going to turned down?

  • An applicant have chance to rejection letter,if application will going turned down.

However, they must wait for a definitive denial, which would take roughly 10 days, if they wish to submit a fresh GST registration application.

Should I have a PAN card in order to register for GST?

  • Yes, I have pan card which is needed to register for GST. Except for TDS registration under GST, which is permitted with a TAN, one must get a PAN card before registering for a GST registration if they do not already have one.

What actually will happen to follow the receipt of the GST registration?

  • The taxpayer will get a GST registration certificate in Form GST REG-06 and a functional GST Identification Number after successfully completing the GST registration process. Input tax credit will be available, invoices must comply with GST, and GST reports must begin to be filed either monthly or quarterly, depending on the situation.

What level of revenue has to be taken into account for the GST registration threshold limit?

  • To identify turnover,turnover should be taken to account.The total value of all taxable supply including supplies,exports of goods and services both and supplies also made with individuals made with same PAN,is to calculated on whole indian basis,which is called aggregate turnover . It should be noted that the following taxes should not be included when computing total turnover: CGST, SGST, UTGST, IGST, and cess.                                                                                                                                                                          How can we help for  registration in GST?

Advocate B Pramanik & Associates  gst tax in Kolkata will  help to do registration in GST to pay tax.






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