GST Registration Process
At Right Advisorz, we make the GST registration process easy for you. Here's how we work:
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Consultation & Document Collection
We begin by understanding your business requirements and collecting the necessary documents. -
Online Application
We complete the online GST registration form on your behalf, uploading all the required documents to the GST Portal. -
ARN Generation
Once the application is submitted, you will receive an Application Reference Number (ARN), which you can use to track the application status. -
Verification & Approval
The GST authorities will review your application. If required, they may request additional documents or clarification. -
Issuance of GSTIN
Once the application is verified, you will receive your unique GSTIN and can start filing GST returns.
Benefits of GST Registration
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Legally Compliant
Registering under GST ensures your business adheres to Indian tax laws, avoiding legal complications and penalties. -
Input Tax Credit
GST-registered businesses can claim input tax credits for the taxes paid on purchases, reducing overall tax liability. -
Expanding Market Reach
With GST registration, businesses can sell goods and services interstate and online without restrictions, expanding their market presence. -
Competitive Advantage
GST-registered businesses are perceived as more legitimate by customers and suppliers, fostering trust and credibility. -
Simplified Taxation
GST has simplified taxation by combining various indirect taxes into one, reducing the cascading effect of taxes.
GST Registration with Right Advisorz
GST Registration is a mandatory process for businesses involved in the supply of goods and services in India. Once registered, businesses are allocated a unique GSTIN (Goods and Services Tax Identification Number), which is used for filing returns and maintaining tax compliance. GST combines various indirect taxes like VAT, service tax, excise duty, and others into a single tax system.
Overview of GST Registration
GST (Goods and Services Tax) registration is a mandatory requirement for businesses in India whose annual turnover exceeds the prescribed threshold. It is a unified tax system that simplifies the indirect taxation process by combining various taxes like VAT, service tax, and excise duty under one umbrella. Upon registration, businesses are assigned a unique GSTIN (Goods and Services Tax Identification Number), enabling them to legally collect taxes on their sales and avail input tax credits. GST registration not only ensures compliance with tax laws but also opens doors for interstate trade and expands market reach by facilitating easier online sales.
Documents Required for GST Registration
To ensure a seamless registration, you'll need the following documents:
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PAN Card of the Business Owner
PAN Card of the proprietor or partners in case of a partnership firm or the company in case of a corporate entity. -
Aadhaar Card
For identity verification and linking with GST. -
Proof of Business Registration or Incorporation Certificate
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Partnership deed for partnerships.
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Incorporation certificate for companies.
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Identity and Address Proof of Business Owner
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Passport, driving license, voter ID card, or Aadhaar card.
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Business Address Proof
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Electricity bill, rent agreement, or property tax receipt.
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Bank Account Details
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Cancelled cheque or bank statement.
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Digital Signature
Required for companies and LLPs for completing the online registration process. -
Letter of Authorization
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For authorized signatory (in case the applicant is not the proprietor).
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GST Compliance Requirements
After registration, businesses need to comply with the following:
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Filing of GST Returns
Registered businesses must file monthly or quarterly GST returns, depending on their turnover and type of registration. -
Issuance of GST Invoices
Every GST-registered business must issue GST-compliant invoices to its customers, clearly mentioning the GSTIN and tax amount. -
Maintenance of Records
Proper records of sales, purchases, input tax credits, and outward supplies must be maintained for audits and filing purposes. -
Payment of GST
The collected GST must be deposited with the government within the prescribed timelines.
Types of GST Registration
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Normal Taxpayer
For businesses with a taxable turnover beyond the threshold, applicable to residents of India. -
Composition Scheme
For small businesses with turnover below ₹1.5 crores, allowing them to pay taxes at a fixed rate of turnover with fewer compliance requirements. -
Casual Taxable Person
For businesses that occasionally supply goods or services in a state where they don't have a business presence (e.g., seasonal businesses or exhibitions). -
Non-Resident Taxable Person
For non-residents making taxable supplies in India.
Who Needs GST Registration?
Businesses are required to register under GST if:
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Annual Turnover exceeds ₹40 lakhs (for goods) or ₹20 lakhs (for services).
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Engaged in interstate trade of goods or services.
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E-commerce operators or suppliers selling through online platforms.
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Businesses involved in reverse charge mechanism.
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Non-resident taxable persons and casual taxable persons.
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Voluntary registration is also allowed for businesses below the threshold to avail of input tax credits and expand market reach.