Register for GST and stay ahead on GST Compliance!

GST is a tax registration mandatory for all businesses in India meeting ANY of these conditions:

Starting At Rs. 1499 (Inclusive all)

About GST Registration

Introducing Goods and Services Tax (GST) has been a big tax reform in India. And so much time has passed since its introduction that questions like “what is GST Registration” do not sound right. So here is a brief introduction

GST is the only tax that one has to get his/her business registered under.
If your business is not GST registered, heavy fines and penalties can be levied.
GST Registration allows you to collect GST from your customers.
So avoid going against the law, get your business registered for GST.
You can get your GST Registration through TheMSME. Here, we excel in to lessen the burden of a lengthy registration process. Our expert team will guide you on how you can get GSTIN in a hassle-free way. You can apply anytime for your GST number whether you are based in Delhi NCR, Mumbai, Bengaluru, Chennai, or anywhere in India.

Note – Persons providing services need to register if their aggregate turnover exceeds Rs.20 lakh (for normal category states) and Rs.10 lakh (for special category states).

Introduction:

The Goods and Services Tax (GST) is an indirect tax that has replaced many of the previous taxes levied by the central and state governments. It is a value-added tax that is levied on the supply of goods and services across the country. In this article, we will discuss everything you need to know about GST and its impact on businesses.

What is GST?

GST is a comprehensive indirect tax that is levied on the supply of goods and services across the country. It is a destination-based tax, which means that it is levied at the place where the goods or services are consumed. GST has replaced many of the previous taxes such as Central Excise Duty, Service Tax, VAT, Entry Tax, Octroi, etc. The GST is divided into three categories: CGST, SGST, and IGST. CGST and SGST are levied by the central and state governments, respectively, on the intra-state supply of goods and services. IGST is levied by the central government on the inter-state supply of goods and services.

How does GST work?

GST is a value-added tax, which means that it is levied on the value added to a product or service at each stage of the supply chain. For example, let’s say that a manufacturer produces a product that costs Rs. 100. The manufacturer sells the product to a wholesaler for Rs. 120. The wholesaler then sells the product to a retailer for Rs. 150. Finally, the retailer sells the product to the end consumer for Rs. 200. In this case, the GST will be levied on the value added at each stage of the supply chain. The manufacturer will pay GST on Rs. 20 (120-100), the wholesaler will pay GST on Rs. 30 (150-120), and the retailer will pay GST on Rs. 50 (200-150). The end consumer will not be charged GST as he is not a registered dealer.

Under the Goods and Services Tax (GST) regime, there are different types of GST registrations based on the nature and turnover of the business. Here are the different types of GST registrations:

Regular GST registration: This type of registration is for businesses that have a turnover of more than Rs. 20 lakhs (Rs. 10 lakhs for special category states). Businesses that fall under this category are required to register for GST.
Composition scheme registration: This registration is for small businesses that have a turnover of less than Rs. 1.5 crores. Under this scheme, businesses have to pay a fixed percentage of their turnover as tax and are not required to maintain detailed records.
Non-resident GST registration: This registration is for non-resident individuals or entities that supply goods or services in India. They are required to register for GST and comply with the applicable rules and regulations.
Casual taxable person registration: This registration is for individuals or entities that occasionally supply goods or services in a state where they do not have a fixed place of business. They are required to register for GST for the period they will be supplying goods or services.
Input Service Distributor registration: This registration is for businesses that have multiple branches and want to distribute the input tax credit among their branches. They are required to register as Input Service Distributors (ISDs) under GST.
TDS/TCS registration: This registration is for businesses that are required to deduct tax at source (TDS) or collect tax at source (TCS) under GST. TDS is deducted by the buyer while making payment to the supplier, and TCS is collected by the seller while receiving payment from the buyer.
E-commerce operator registration: This registration is for e-commerce operators who facilitate the supply of goods or services between suppliers and customers. They are required to register for GST and collect tax at the source on behalf of the suppliers.

Under GST, businesses can register under different types of constitution, depending on their nature and structure. Here are the different types of constitution for GST registration:

Sole Proprietorship: This is a business structure where a single individual owns and manages the business. For GST registration, the sole proprietor has to provide identity proof, address proof, PAN card, and bank account details.

Documents Required for GST Registration for Proprietorship Firm

PAN card of the proprietor
Identity proof and address proof of the proprietor
Bank account details of the business
Photograph of the proprietor
Business address proof

2. Partnership: This is a business structure where two or more people come together to start a business. For GST registration, the partnership deed, identity proof, address proof, PAN card, and bank account details of the partners are required.

Documents Required for GST Registration for Partnership Firm

PAN card of the partnership firm
Partnership deed
Identity proof and address proof of all partners
Bank account details of the business
Photograph of all partners
Business address proof

3. Private Limited Company: This is a separate legal entity that is owned by shareholders. For GST registration, the Certificate of Incorporation, Memorandum of Association, Articles of Association, PAN card, and bank account details of the company are required.

Documents Required for GST Registration for Private Limited Company

PAN card of the company
Certificate of Incorporation
Memorandum of Association (MOA) and Articles of Association (AOA)
Identity proof and address proof of all directors
Bank account details of the company
Photograph of all directors
Business address proof

4. Public Limited Company: This is also a separate legal entity that is owned by shareholders. For GST registration, the Certificate of Incorporation, Memorandum of Association, Articles of Association, PAN card, and bank account details of the company are required.

Documents Required for GST Registration for Public Limited Company

PAN card of the company
Certificate of Incorporation
Memorandum of Association (MOA) and Articles of Association (AOA)
Identity proof and address proof of all directors
Bank account details of the company
Photograph of all directors
Business address proof

5. Limited Liability Partnership (LLP): This is a business structure that combines the advantages of a partnership and a limited liability company. For GST registration, the LLP agreement, identity proof, address proof, PAN card, and bank account details of the partners are required.

Documents Required for GST Registration for Limited Liability Partnership (LLP)

PAN card of the LLP
LLP agreement
Identity proof and address proof of all partners
Bank account details of the LLP
Photograph of all partners
Business address proof

One Person Company (OPC): This is a company that has only one shareholder. For GST registration, the Certificate of Incorporation, Memorandum of Association, Articles of Association, PAN card, and bank account details of the company are required.