GST Registration - Goods & Service Tax Registration

Gst Registration Process

Turnover Criteria: All taxpayers who have an annual turnover above ₹40 lakhs are required to get new GST registration.

Causal taxpayer: If you supply goods or services in events/exhibition where you do not have a permanent place of business, you need to get online GST Registration before starting a business. Such a dealer has to pay GST on the basis of an estimated turnover of 90 days. The validity of causal GST Registration is 90 days.

NRI taxpayer: NRI taxpayer, who does not have a place of business in India, wishes to start a business, then he has to apply for GST Registration in India before beginning operations in India. The validity of a new GST registration is 90 days.

Agents of a supplier & Input service distributor: All Input service distributor who wants carry-forward benefit of input tax credit requires gst registration.

Reverse Charge: A business who requires to pay tax under the reverse charge mechanism need gst registration

E-Commerce portal: Every e-commerce portal (such as Amazon or Flipkart) under which multiple vendor’s selling their product requires gst registration.

Documents required for GST registration

• PAN Card of the Business or Applicant
• Identity and Address Proof of Proprietor / Partner / Directors
• Address Proof for Place of Business (Rental Deed / Lease Deed And Property tax / Electricity bill )
• Passport size color Photos each one
• Firm Deed And Certificate / MOA, AOA Including incorporation Certificate
• Bank Statement / Cancel cheque / Passbook

Difference between regular & composition scheme

	Composition Scheme	Regular Scheme
Compliance	Relaxed Compliance in order to safeguard small businessmen.	Normal compliance required.
Tax Rate	Composition taxpayers need to pay nominal GST at a fixed rate of turnover, which is normally 1-5%.	Tax rate for regular taxpayers goods and services, which is from 0-28%.
Input Tax Credit	Composition taxpayers cannot avail Input tax credit benefit.	Normal taxpayers can avail Input tax credit benefit.
GST Return Filing	Composition taxpayers required to file Quarterly Return.	Normal taxpayers required to file Monthly Return.
Tax Invoice	Composition taxpayers can not issue tax invoice to their customers.	Normal taxpayers can issue tax invoice to their customers.