FincomIndia

GST Registration

GST refers to Goods and Services Tax which subsumes all taxes such as Sales tax, Service tax, Excise duty etc. into GST. GST registration is required primarily if your annual sales are more than Rs. 20 Lakh.
From Rs 999/- Inc. of all taxes

From 1st July, 2017 GST will replace Central and State level indirect taxes like Value Added Tax, Service tax, Central Excise etc. Businesses that are registered under VAT or Service Tax need to migrate to GST as per the enrollment plan of State Governments. The enrollment for GST will ensure smooth transition to the GST regime. Under the new GST regime, GST registration would be required for all enterprises involved in the buying or selling or delivery of services exceeding Rs.10 lakhs a year in north-eastern and hill states, while the limit is Rs.20 lakhs for rest of India.

FinComIndia Experts will guide you on the applicability and compliances under GST for your business. They will assist you on the procedural formalities to get registered and secure your Goods and Service Tax Identification Number (GSTIN). FinComIndia Providers can help you obtain GST registration in India. The average time taken to obtain GST registration is about 5 - 7 working days, subject to government processing time and client document submission.

DOCUMENTS REQUIRED FOR GST REGISTRATION

>Proof of Business Registration or Incorporation certificate

>PAN of the GST Registration Applicant

>Identity & Address proof of Promoters with Photographs

>Address proof for the place of business

>Bank Account statement showing name,address & a few transactions

>Class 2 Digital Signature for the Authorised Signatory

Salient Features of GST Registration

Maintenance of Records

A taxpayer or exporter would have to maintain separate details in books of account for availment, utilization or refund of Input Tax Credit of CGST, SGST and IGST.

Administration of GST

Administration of GST will be the responsibility of the GST Council , which will be the apex policy making body of the GST. Members of GST Council comprised of the Central and State ministers in charge of the finance portfolio.

Goods and Services Tax Network

A not-for-profit, Non-Government Company called Goods and Services Tax Network (GSTN), jointly set up by the Central and State Governments will provide shared IT infrastructure and services to the Central and State Governments, tax payers and other stakeholders.

Inter-State Transactions and the IGST Mechanism

The Centre would levy and collect the Integrated Goods and Services Tax (IGST) on all inter-State supply of goods and services. The IGST mechanism has been designed to ensure seamless flow of input tax credit from one State to another.

Destination-Based Consumption Tax

GST will be a destination-based tax. This implies that all SGST collected will ordinarily accrue to the State where the consumer of the goods or services sold resides.

Computation of GST on the basis of invoice credit method

The liability under the GST will be invoice credit method i.e. cenvat credit will be allowed on the basis of invoice issued by the suppliers.

Transparent And Competitive Pricing

BASIC STANDARD PREMIUM
GST Registration
Class 2 Digital Signature
1 Month GST Return Filing
Rs. 2,500
Rs. 999
Inc. all taxes
Rs. 3,750
Rs. 1,999
Inc. all taxes
Rs. 4,500
Rs. 2,499
Inc. all taxes
Delivery Process

1. Order Confirmation

Once you confirm the order online one of our executives will get in touch with you to explain all the requirements.

2. Submission of Enrollment

Once you submit all the required documents, we will sign and submit the Enrollment Application with necessary attachment electronically.

3. Enrollment Application

State VAT Department will be communicating provisional ID and password to every registered tax payer and once you provide us the Provisional ID and password communicated to you, our Expert will login to the GST Common Portal and will fill the Enrollment Application.

4. Hurray......It's Done

After verification of the application submitted ,If details are satisfactory an Application Reference Number (ARN) will be issued to you in ‘Migrated” status. The status of provisional ID will change to “Active” on the appointed date and a provisional registration Certificate will be issued.

Frequently Asked Questions
GST is destination based tax on final consumption of goods & Services. It levied on each stage of value addition. It is a value-added tax. It replaces all indirect taxes of states and central government Except custom.
Below are some of the prominent benefits of registering a business under GST: Ease of Business- Businesses currently have to undergo VAT registration from the state’s sales tax department to start on their own. It gets more difficult to get a VAT for every state since each one has a different regulation regarding its VAT law. Integration of Multiple Taxes- At present goods and services are taxed under various VAT registrations that exist, in various forms, across various states in India. Each state has a separate VAT rate, regulations, procedure, etc. in addition to the VAT and sales tax, there are others that businesses must adhere to like CST, purchase tax, luxury tax, etc. GST Exemption for Startups and Small Businesses- As of now, businesses crossing an annual turnover of Rs 5 lakh (Rs 10 lakh in some states) have to have VAT registration and VAT payment as a necessity. This multiple VAT regulations across states is bound to be confusing. Bring Improvement- All businesses, as of now, be it goods or services, have to comply with various VAT and service tax regulations across the state, which only adds to the complexity of the whole procedure of running a business. With the introduction of GST, the difference between goods and services will be gone. Also, invoicing will be easier for businesses since there would only be one rate across.
Any person should take a Registration, within thirty days from the date on which he becomes liable to registration, in such manner and subject to such conditions as may be prescribed.
Yes. In terms of Sub-Section (2) of Section 19, a person having multiple business verticals in a State may obtain a separate registration for each business vertical, subject to such conditions as may be prescribed.
Yes, the registration Certificate once granted is permanent unless surrendered, cancelled, suspended or revoked.
In case registration is granted, applicant can download the Registration Certificate from the GST common portal.
No. A person without GST registration can neither collect GST from his customers nor claim any input tax credit of GST paid by him.
Export of goods and services are treated as zero rated supply and no tax will be payable on export of goods or services. However, refund of input tax credit shall be allowed.
HSN (Harmonised System of Nomenclature) code shall be used for defining the goods under GST registration and SAC for defining the services under GST Act.
The Person who has less than 20 Lakh turnover.

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