GST Registration Online
The Goods and Services Tax (GST), which went into effect on July 1, 2017, applies to all Indian service providers (including freelancers), merchants, and manufacturers. Several central taxes, including Service Tax, Excise Duty, and CST, as well as state taxes, such as Entertainment Tax, Luxury Tax, Octroi, and VAT, have been merged into a single tax, GST, which went into effect on July 1, 2017. GST will be levied at every stage of the supply chain, with full set-offs available. The GST procedure is online and does not involve any physical interaction.
How the Implementation of GST is done?
Every product travels through numerous steps of the supply chain, which include sourcing raw materials, manufacturing, selling to a wholesaler, selling to a retailer, and finally selling to the customer. Surprisingly, GST will be applied to all three phases.
In addition, taxpayers with a turnover of less than Rs. 1.5 crore can use the composition plan to avoid time-consuming GST processes and pay GST at a set rate based on turnover.
What are the Various Taxes in GST?
Currently, there are four forms of GST registration in India:
- Integrated Goods and Services Tax (IGST),
- State Goods and Services Tax (SGST),
- Central Goods and Services Tax (CGST),
- Union Territory Goods and Services Tax (UTGST)
The tax rates separately are distinct. All of the above GST registration procedures are entirely online.
Advantages of GST Registration:
- It removes the tax’s cascading impact.
- Format plan for a small business.
- Simple and quick online procedure
- Defined treatment for online merchants.
- Fewer people are complying with the law.
- Improved logistical effectiveness
- GST regulates the unorganized industry.
Is GST Registration Mandatory?
Yes, In India, the following must register for GST:
- Interstate suppliers
- Taxable non-resident
- Non-taxpayer
- Reverse-charge taxpayers
- VAT, excise, and service tax-registered businesses
- Any business engaged in the supply of commodities whose annual revenue surpasses Rs. 40 lakhs in normal category states that have selected the new threshold (and Rs. 20 lakhs in special category states and those that have not opted for the new threshold, like Telangana)
- Any service provider whose annual revenue exceeds 20 lakhs (10 lakhs in special category states)
- Input service distributors
- Agents of a supplier
- Companies based outside of India that offer online information, database access, and/or retrieval services
- Retail aggregators
- E-commerce aggregator suppliers
- Others were notified by the central or state government on the GST Council’s suggestion.
Is GST Registration Mandatory for the Export Of Services?
The answer is yes; obtaining a GST registration number is necessary in order to export services from India.
According to a frequently asked questions document published by the government on Twitter on December 22nd, 2017, export services are considered taxable interstate supplies and are required to obtain GST registration.
Is GST Registration Mandatory for the Export Of Goods?
Section 22 of the CGST Act says, “Every supplier shall be required to be registered under this Act in the state or union territory, other than special category states, from where he makes a taxable supply of goods or services or both if his total turnover in a financial year exceeds 20 lakh rupees.”
But the limit of Rs. 20 lakhs does not apply when goods are sent from one state to another.
Is GST Registration Required for Different States?
If a business operates in multiple states or more than one state, it is required to register for GST in those states.
Some business owners may find it hard to register for GST in more than one state because they only want an office address and don’t want to pay a lot to rent an office.
So, a virtual office address is best for these business owners and is much cheaper than renting an office.
Example: If a company headquartered in Delhi is also providing services in Bangalore and Mumbai, and if this company establishes an office in Delhi, they will be required to register for GST in Delhi as part of their relevant regulations.
Is GST Registration Mandatory for MSMEs?
The Indian government has made it easier for MSMEs to get GST registration.
Now, entrepreneurs and sole proprietors who aren’t required to register for GST can register their company as an MSME on the Udyam Registration Portal using a PAN card.
A new notice from the MSME ministry says that a business owner or entrepreneur can use his or her PAN card to register the business on the Udyam Registration portal.
Is GST Registration Mandatory for Service Providers?
All service providers should register for GST, just like any other type of business, if their annual sales are more than Rs. 20 lakh in most states and Rs. 10 lakh in the Special Category States.
Is GST Registration Required for Charitable Trust?
If you are an NGO in India, it is important to remember that GST registration is required by law unless you have an exemption.
GST is applicable to all goods and services in India, unless they are exempted or rated NIL by the GST Council.
Thus, contrary to common belief, the GST may apply to some of the services and goods provided by a charitable trust or non-profit organization.
Can GST Registration Be Cancelled?
The GST registration can be cancelled for certain reasons. Section 29 of the CGST Act was updated in Budget 2022 so that the tax officer can initiate the cancellation on their own or the taxpayers can request it.
When Can A Taxpayer Request The Cancellation Of The GST Registration Of His/her Business?
A taxpayer can request cancellation of his business’s GST registration in the following situations
- If he/she wishes to close his/her business down.
- If the business has been fully transferred, merged, split, or sold, the transferee (or the new company from a merger or split) will have to get the New GST registration.
- If the business ceases to exist, the taxpayer can request the cancellation of its GST registration.
When Can A Tax Officer Cancel A Business’s GST Registration?
The amendment of Section 29 of the CGST Act, gives the capacity to cancel a business’s GST registration to a Tax officer under the following circumstances:
- A Tax officer can cancel a business’s GST registration if the business misses the deadline for filing its annual return by three months, which is 31st December of every financial year.
- For any regular business, its GST registration will be canceled if it doesn’t pay its taxes for two tax periods in a row, instead of six months in a row as was the case before.
Can GST Registration Be Done Online?
Yes, you can register for GST online through a government portal. Take a look at how to register for GST online in a few easy steps.
How Do You Go About Registering For GST Online?
Take a look at some steps in the process of registration:
- First, go to the official GST portal.
- Click on “Registration,” which you find under the Services tab.
- After that, you see the section “New Registration.” Click on that and follow the process.
If you face any hurdle in the procedure of online GST registration, don’t need to be worried; we are here to handle your legal needs. Just contact us and get top-notch facilities for your legal requirements.
Can GST Registration be transferred?
No, you cannot transfer your GST registration as GST registration is based on the taxpayer’s PAN, a taxpayer must obtain a new GST proprietary concern registration if they wish to transfer their current business to someone who is not registered for GST.
There is another aspect to the transfer of GST registration. According to Section 22 of the CGST Act of 2017, the successor to a sole proprietorship who passes away is obliged by law to register their business with the government as of the date of succession. Such GST Registration process can be completed by submitting online Form GST REG-01 and the manner of such registration is very similar to doing GST Registration in the usual circumstances.
Can GST Registration be backdated?
If you want to register for GST but your business started some time ago, you are allowed to backdate your GST registration.
Are There Any Benefits Associated With Backdating GST Registration?
Yes, there are some benefits of backdating your GST registration. For example, backdating your GST registration will enable you to claim GST credits on your start-up expenses and potentially get a significant amount of money back into your business.
How Far Back Can You Backdate GST Registration?
When backdating your registration, you have the option to backdate it up to 30 days in the past.
Choose Legal Hub India and End up Your Hectic Procedure of GST Registration
Legal Hub India offers online GST registration and GST Identification Number. We take care of compliance with rules and regulations that no longer bother you because we handle them entirely.
After completing the GST registration procedure successfully, you will receive a GST registration certificate and a valid GSTIN. Then you can start filing GST reports and start claiming the input tax credit.
We also do your GST filings. Similar to the registration procedure, we make filing simple and convenient. So connect with us and start your hassle-free GST registration.