GST Registration

About This Plan

Goods and Services Tax (GST) was introduced by the Government of India in 2017 to facilitate their mission of One nation, one tax, one market; The introduction of GST has led to the absorption of several Central and State taxes into one tax structure which offers complete and comprehensive set-off of input goods and services, as a result, reducing the cost of locally manufactured goods and services.

In GST Regime, businesses whose ANNUAL Turnover exceeds

INR 40 Lakhs, for the supply of goods, and
(Rs 20 lakhs for Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Puducherry, Sikkim, Tripura, Uttarakhand)
INR 20 lakhs, for the supply of services, are mandatorily required to be registered as a normal taxable person.

Aggregate turnover for FY 2019-2020 has to be considered for applicability of new threshold limits. Every supplier whose aggregate turnover in the FY 2019-2020 exceeds the new threshold limits will have to get registered under GST.

Who else is required to get GST registration done, even if Turnover based threshold limits have not been crossed?

Agents of a supplier & Input service distributor
Those paying tax under the reverse charge mechanism
A person who supplies via e-commerce aggregator
Every e-commerce aggregator
Any person supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered taxable person

How can SSI help, if you want to register yourself under the GST mechanism?

SSI uses a comprehensive approach to first help its clients in understanding the GST mechanism by:

Discussing applicability of GST on their respective business
Elaborating prescribed limit(s) for the statutory exemption
Identifying the rate of GST applicable to the products and services being sold
Listing out the intervals, mode, and manner for payment of GST and several other compliances that become applicable post-registration.

How It's Done

Documents, as mentioned in the Information Guide, are collated and checked diligently for a speedy process.
GST REG-01 is filled by our team on your behalf.
On filling of basic info in Part - A and OTP verification of the authorized representative's correspondence details; a Temporary Reference Number (TRN) is then obtained for the application being made.
The TRN obtained in the previous step is then used to initiate the filling of Part - B which involves the input of specific business details such as HSN codes of main goods and services to be sold by the entity.
On successful filling of Part B, an application reference number (ARN) is generated immediately which can be used for correspondence & declaration purposes.
Within 3-7 days from the filing of an application The GST registration certificate having your GSTIN is issued, subject to successful verification of GST application and other mandatory documents by the GST officer.

Information Guide

Documents required for GST Registration:

For a Proprietorship

PAN
Address proof of the Proprietor
Address proof of the Place of Business

For an LLP

PAN of LLP
LLP Agreement
Certificate of Incorporation of LLP
Declaration of all partners nomination Authorized signatory for GST
Photograph of the Authorized signatory
Address Proof for the place of business
Consent letter of the premise owner to use the place of business as LLP's registered address for GST

For a Private Limited Company

PAN of the Company
Articles of Association, AOA
Memorandum of Association, MOA
Certificate of Incorporation of the Company
Address Proof for the Place of Business
Consent letter of the premise owner to use the place of business as Company's registered address for GST
DSC of Directors
Identity and address proof of directors
Board resolution signed by the members to appoint Authorized signatory and apply for GST

FAQs

What is E-Invoicing and on whom is it applicable?

E-Invoicing has been made applicable by the Government from 1st October 2020 onwards to all businesses whose aggregate turnover exceeds INR 500 crore in any of the preceding financial years from 2017-18 to 2019-20.

Notification No.61/2020 prescribed the turnover limit for the implementation of E-Invoicing from 1st October 2020.
Notification No.71/2020 prescribed the time period considered for determining eligibility under E-Invoicing.

Further, from 1st January 2021, E-Invoicing will be applicable to businesses exceeding the Rs.100 crore turnover limit in any of the financial years between 2017-18 to 2019-20, as intimated in Notification No.88/2020.

When does a taxpayer need multiple GST registrations?

If a tax-payer operates a business from more than one state, then they have to obtain a separate GST registration/ GSTIN for each state of operation.

For example, If a glass company sells its goods in both Punjab and Uttarakhand, then they have to apply for separate GST registration in both Punjab and Uttarakhand, respectively.

Also, a Tax-Payer can apply for any number of Online GST registration Services in India within a state.

However, the requirement of multiple GST registrations only for different business verticals within a state has been removed for ease of doing business.

What are the Mandatory conditions for Composition scheme?

No GST Input Tax Credit can be claimed by a taxpayer opting for the composition scheme

The tax payer cannot supply goods not taxable under GST such as alcohol.

The taxpayer has to pay tax at normal rates for transactions under the Reverse Charge Mechanism

If a taxable person has different segments of businesses (such as textile trading, mobile accessories trading, Retail Marts, etc.) under the same PAN, then they must register all such businesses under the scheme collectively or opt-out of the scheme.

The taxpayer has to mention the words ‘composition taxable person’ on every notice or signboard displayed prominently at their place of business.

The taxpayer has to mention the words ‘composition taxable person’ on every bill of supply issued by him.

As per the CGST (Amendment) Act, 2018, a manufacturer or trader can now also supply services to an extent of ten percent of turnover, or Rs.5 lakhs, whichever is higher. This amendment will be applicable from the 1st of Feb, 2019.

What is Composition scheme and who is qualified to avail it?

Small taxpayers who want to have lesser compliances and flat/low rates of taxes under GST have the discretion to opt for the Composition scheme.

A trader whose aggregate turnover is below Rs 1.5 crore can opt for the Composition scheme. In the case of North-Eastern states and Himachal Pradesh, the present limit is Rs.75 lakh.

Also, the government extended the Composition scheme to service providers having an aggregate turnover of up to Rs.50 lakhs.

As per the CGST (Amendment) Act, 2018, a composition dealer can also supply services to an extent of ten percent of turnover, or Rs.5 lakhs, whichever is higher.
This amendment will be applicable from the 1st of Feb, 2019.
Further, GST Council in its 32nd meeting proposed an increase to this limit for service providers on 10th Jan 2019*.

Turnover of all businesses registered with the same PAN should be taken into consideration to calculate turnover.

How is the turnover calculated for threshold limit of GST registration ?

Every taxpayer has to take aggregate turnover into consideration for calculating turnover for the GST threshold limit.

Aggregate turnover means the aggregate value of all taxable supplies, exempt supplies, exports of goods/ services, inter-state supplies of persons having the same PAN on a PAN-India basis.

It is to be noted that CGST, SGST, UTGST, IGST, cess, and transactions liable for the reverse charge should be excluded while calculating aggregate turnover.

What is the category of Tax-payers exempted from applicability of E-Invoicing?

Irrespective of the turnover, E-Invoicing shall not be applicable to the following categories of registered persons for now, as notified in CBIC Notification No.13/2020:

An insurer or a banking company or a financial institution, including an NBFC
A Goods Transport Agency (GTA)
A registered person supplying passenger transportation services
A registered person supplying services by way of admission to the exhibition of cinematographic films in multiplex services
An SEZ unit

When is Physical verification of Business location required for GST registration?

As per Notification no. 62/2020 issued by the Central Board of Indirect Taxes and Customs (CBIC), all businesses have to undergo a physical verification of location to be registered as a place of business in GST, if they cannot provide their Aadhar for authentication.

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