What is GST? Who need to get GST Registration or Penalty for not Registering under GST?

What is GST Registration?
In the GST Regime, businesses whose turnover exceeds Rs. 20 lakhs (Rs 10 lakhs for NE and hill states) is required to register as a normal taxable person. This process of registration is called GST registration.

For certain businesses, registration under GST is mandatory. If the organization carries on business without registering under GST, it will be an offence under GST and heavy penalties will apply.

GST registration usually takes between 2-6 working days. We’ll help you to register for GST in 3 easy steps.

Who Should Register for GST?

  • Individuals registered under the Pre-GST law (i.e., Excise, VAT, Service Tax etc.)
  • Businesses with turnover above the threshold limit of Rs. 20 Lakhs (Rs. 10 Lakhs for North-Eastern States, J&K, Himachal Pradesh and Uttarakhand)
  • Casual taxable person / Non-Resident taxable person
  • Agents of a supplier & Input service distributor
  • Those paying tax under the reverse charge mechanism
  • Person who supplies via e-commerce aggregator
  • Every e-commerce aggregator
  • Person supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered taxable person.


Documents Required for GST Registration 

·         Aadhaar cardPAN of the Applicant

·         Proof of business registration or Incorporation certificate

·         Identity and Address proof of Promoters/Director with Photographs

·         Address proof of the place of business

·         Bank Account statement/Cancelled cheque

·         Digital Signature

·         Letter of Authorization/Board Resolution for Authorized Signatory


GST Registration Penalty

Penalty for not registering under GST


An offender not paying tax or making short payments (genuine errors) has to pay a penalty of 10% of the tax amount due subject to a minimum of Rs.10,000.
The penalty will at 100% of the tax amount due when the offender has deliberately evaded paying taxes

Post a Comment

0 Comments

TAXWIll Services

GST, ITR, goolge ads, fb ads, youtube promotion, Website , App, Free Accounting software

Start Whatsapp chat