GST Registration Made Simple – Online Process and Filing Assistance
There are legal compulsions pertaining to registration related to GST, and the same applies if you ever plan to start a business in India. Being a small entrepreneur or an established business, knowing about the process of getting yourself registered and what’s required would save a lot of time and effort.
We deal with small as well as big businesses and allow a quick procedure for them to get registered for GST online.
What is GST registration?
Companies whose annual turnover is more than ₹40 lakhs (for Northeastern and hill states it is ₹10 lakhs) have compulsorily to get registered. This will enable them to collect tax on behalf of the government and to avail the benefit of input tax credit for the taxes incurred on purchases.
Major Benefits of GST Registration
- Legal recognition as a producer of goods/services.
- Tax benefits through input credits.
- Eases interstate business operations
Who is liable for GST registration?
- Business with an annual turnover of over ₹40 lakhs.
- Service providers whose annual turnover exceeds ₹20 lakhs.
- Taxpayers other than casual taxpayers; Commerce operators and nonresident taxpayers.
- Companies engaged in interstate supply
Documents Needed for GST Registration
- PAN card of the applicant.
- Business registration
- Proof of the business address.
- Cheque Leaf OR Bank account statement.
- E- Signature
- Authorization Letter
A process on GST Returns Filing
Once registered under GST, a return has to be filed periodically as applicable for the business type.
GST Status and Verification
Even after registration, the status of the GST application can be accessed on the portal by accessing GST status and GST verification services. In this way, compliance would have been ensured and penalty avoided.