GST Registration
From 1st July 2017, Goods and Services Tax (GST) has superseded
several central and state-level indirect taxes such as Value Added
Tax (VAT), Service Tax, and Central Excise. Businesses previously
registered under VAT or Service Tax are required to transition to
GST as per the enrolment plan of respective State Governments.
Under the GST regime, registration is mandatory for all
enterprises engaged in the supply of goods or services, or both,
with annual turnovers exceeding Rs. 10 lakhs per year in the
north-eastern and hill states, and Rs. 20 lakhs per year in the
rest of India.
Entities that are not registered under GST are prohibited from
collecting GST from customers or claiming Input Tax Credit (ITC).
Violation of these provisions may result in penalties.
Additionally, GST registration is compulsory in various other
scenarios as stipulated by the GST Act, such as supplies under
Reverse Charge Mechanism (RCM), e-commerce aggregators,
irrespective of turnover.
It is important to note that GST registration must be applied for
within 30 days from the date an entity becomes liable for
registration. Penalties for non-payment or short payment of tax
are set at 10% of the tax amount, up to a maximum of Rs. 10,000.
In cases of deliberate tax evasion, penalties can be as high as
100% of the tax amount.
Legal experts specializing in GST compliance can provide guidance
on the applicability and requirements under GST for businesses.
They assist in completing procedural formalities to obtain Goods
and Services Tax Identification Number (GSTIN).
Service providers like Legal Suvidha facilitate the GST
registration process in India, typically completing it within 5 –
7 working days, subject to government processing times and
submission of required client documents.
Documents Required for GST Registration
1. Provisional ID issued by the respective department.
2. Password provided by the respective department.
3. Valid email address.
4. Valid mobile number.
5. Proof of business constitution:
6. Photograph of promoters/partners/Karta of HUF (Hindu Undivided
Family).
7. Proof of appointment of authorized signatory.
8. Photograph of authorized signatory.
Bank account details:
First page of passbook or bank statement showing:
Choose Lexprosoft for your GST Registration
Lexprosoft offers expert GST registration services to ensure a
smooth and hassle-free process for your business. From eligibility
checks and document preparation to submitting applications and
obtaining your GST certificate, our team handles every step with
precision. With our timely support and expert guidance, you can
stay compliant with GST regulations without any stress. Trust
Lexprosoft for efficient, accurate, and reliable GST registration
services.
Contact our Experts today and take the first step towards your
startup success!
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FAQ's
What is GST registration?
GST registration is the process of getting a unique GSTIN (Goods and Services Tax Identification Number) from the government to legally collect and pay GST on goods and services sold.
Who needs GST registration?
GST registration is mandatory for:
Businesses with an annual turnover exceeding ₹40 lakhs (₹20 lakhs for services).
Inter-state suppliers.
E-commerce operators.
Casual taxable persons and non-resident taxable persons.
Businesses with an annual turnover exceeding ₹40 lakhs (₹20 lakhs for services).
Inter-state suppliers.
E-commerce operators.
Casual taxable persons and non-resident taxable persons.
How long does the GST registration process take?
It usually takes 7-10 working days after submitting all required documents and verification by the GST department.
What is GSTIN?
GSTIN is a 15-digit unique identification number issued to every GST-registered entity. It is used for compliance, tax collection, and verification purposes.
What is a composite scheme under GST?
The composition scheme is an optional scheme for small taxpayers with turnover below ₹1.5 crore. It allows them to pay GST at a fixed rate with fewer compliance requirements.
Can a person have multiple GST registrations?
Yes, a person must obtain GST registration for each state where they operate if they have business activities in multiple states.
What happens if I don’t register for GST?
Failure to register for GST when it’s mandatory can lead to:
Heavy penalties (10% of the tax due or ₹10,000, whichever is higher).
Legal consequences, including prosecution for tax evasion.
Heavy penalties (10% of the tax due or ₹10,000, whichever is higher).
Legal consequences, including prosecution for tax evasion.
Is GST registration mandatory for e-commerce sellers?
Yes, GST registration is mandatory for e-commerce sellers regardless of their turnover. Any person selling goods or services through an e-commerce platform, such as Amazon or Flipkart, must obtain GST registration. This is required to ensure proper tax collection at the source (TCS) by the e-commerce operator and to enable the seller to claim input tax credit. Without GST registration, e-commerce sellers cannot legally list or sell their products on such platforms.
Can I cancel my GST registration?
Yes, you can cancel your GST registration if your business has been discontinued, transferred, or no longer meets the eligibility criteria for GST. Cancellation can be initiated by the taxpayer, a legal heir in case of business closure, or by the tax officer under specific conditions. The cancellation process involves filing an application on the GST portal, settling any pending liabilities, and ensuring proper compliance. Once canceled, the taxpayer is no longer required to collect or pay GST, but they must file a final return (GSTR-10).
Can I apply for GST registration without a PAN?
No, you cannot apply for GST registration without a PAN (Permanent Account Number), as it is a mandatory requirement for most businesses in India. The PAN is used to generate the GSTIN (Goods and Services Tax Identification Number) and link tax records. However, non-resident taxable persons can apply for GST registration using a valid passport or Tax Identification Number (TIN) in place of a PAN.
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