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
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
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