All about GST Registration, GST Return and GST Filing- Registration SEVA

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GST Registration

Goods and Service tax most commonly known as GST was introduced in India on 1st July 2017. GST is Dual indirect tax which is applicable on both Goods and services wherein both centre and states have power to levy tax. GST has reduced the tax complexities for all the entities whether involved in buying or selling goods or providing services, all the entities are required to register for GST. Entities without GST registration would not be allowed to collect GST from any Customer or would not be allowed to collect Input Tax Credit on the Tax paid. GST Registration is an online process where any business entity can obtain a unique number by concerned tax authority for collecting the tax and for availing Input Tax Credit (ITC). The entities which are required to register for GST are allotted a 15-digit GST Identification Number (GSTIN), and the certificate of registration is made available for the applicant on the portal.

GST replaced all the earlier Taxes

Earlier there were multiple taxes such as Central Excise, Service Tax and State VAT etc., but GST has replaced all those taxes and now there is just one tax.

GST is categorized into:

·Central Goods & Services Tax (CGST): CGST is levied by the Central Government of India on any transaction of goods and services tax taking place within a state

·State Goods & Services Tax (SGST): SGST is levied by the state where the goods are being sold/ purchased. The rate of SGST is usually equal to CGST  

·Integrated Goods & Services Tax (IGST): IGST is a levied when there is an interstate transaction of goods and services as well as import into India. This tax will be collected by the Central government and will further be distributed among the respective states. IGST is charged when a product or service is moved from one state to another.

To know whether Central Goods & Services Tax (CGST), State Goods & Services Tax (SGST) or Integrated Goods & Services Tax (IGST) will be applicable in a taxable transaction, it is important to determine if the transaction is an Intra State or an Inter-State supply.

When GST Registration is mandatory / Who needs a GST Registration?

There are various criteria’s that could make an entity liable for obtaining GST Registration.

Criteria based on *Aggregate Turnover:- Any supplier of goods and/or services who makes a taxable supply with an aggregate turnover of over Rs.20 lakhs in a financial year is required to obtain GST registration. In *Special category states, the aggregate turnover criteria is set at Rs.10 lakhs.

*Special Category States under GST: Assam, Nagaland, Jammu & Kashmir, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Uttarakhand, Tripura, Himachal Pradesh, and Sikkim are considered special category states.

*Aggregate turnover shall include the aggregate value of all taxable and non-taxable/ non-GST supplies, exempt/ Nil-rated supplies and exports of goods and/or services and exclude taxes under GST.

Following persons are required to compulsorily register under GST irrespective of their turnover is below 20 lakh:-

• Every person who is registered under an earlier law (i.e., Excise, VAT, Service Tax etc.) 
• When a business which is registered has been transferred to someone, the transferee shall take registration with effect from the date of transfer.
• Anyone who makes any inter-state supply.
• Casual taxable person: A person who occasionally supplies goods and/or services in the place where GST is applicable but he does not have a fixed place of business.
• Non-Resident taxable person: whose place of business is not fixed or is not the resident of India and occasionally undertakes transactions involving the supply of goods or service or both
• Agents of a supplier
• Dealing in Exempted Goods: Even if supplier is dealing in exempted good and his turnover exceeds 20 Lakh
• Those paying tax under the reverse charge mechanism
• E-commerce operator
• Person who supplies through e-commerce
• Having Multiple Branches in Multiple states

How you can get yourself registered under GST ?

First of all, one who is willing to get itself registered under GST must keep all the ready to avoid any shortfall.

Documents Required for Registering a Company under GST:

·        PAN of the Company

·        Certificate of Incorporation & Memorandum of Association

·        PAN, Aadhar Card and Photo of all the director.

·        Board Resolution for GST Registration along with the name of authorized signatory.

·        Email id and mobile number of all the directors.

·        Latest Address Proof of the place where registered office is owned (e.g. Utility Bill, Electricity Bill) along with rent agreement if premises is rented.

·        Latest Bank Statement or First Page of Passbook including IFSC Code or cancelled cheque.

·        DSC of authorized signatory.

Documents Required for Registering an Individual or Sole Proprietor under GST:

·        PAN of the Proprietor

·        Details of Business Activities

·        PAN, Aadhar Card and Address Proof of the Proprietor

·        Email id and mobile number of the Proprietor.

·        Latest Address Proof of the premises where business is carried out.

·        Latest Bank Statement or First Page of Passbook of firm account including IFSC Code or cancelled cheque.

Documents Required for Registering a LLP or Partnership under GST:

·        PAN, Aadhar Card and Photo of all the partners.

·        Latest Bank Statement or First Page of Passbook including IFSC Code or cancelled cheque.

·        Latest Address Proof of the place where registered office is owned (e.g. Utility Bill, Electricity Bill) along with rent agreement if premises is rented.

·        Board Resolution for GST Registration

·        Registration Certificate of LLP.

·        Proof of appointment of authorized signatory- Letter of authorisation

Process for Registering GST

Use this link https://www.gst.gov.in/ to register

Go to the Service Tab, take your cursor to registration and Select “New Registration” and fill the form:

·        I am a* (. Select Taxpayer.)

·        State / UT*

·        District (Options will be shown once you select the State / Union Territory)

·        Legal Name of the Business (As mentioned in PAN)*

(Note: In case of proprietorship registration, you have to mention the name as mentioned in PAN. In the next page named Business Details, you will be asked for Trade Name, wherein you can mention your business name.)

·        Email Address (OTP will be sent to this email address)

·        Mobile Number (a separate OTP will be sent to this number)

·        Captcha Code* (type as provided)

And click proceed to receive OTP

1. Enter the OTP received on given Email and Mobile. Now click on “Proceed” to go to next page
2. Note down the Temporary Reference Number (TRN) which will be displayed on the page. The same will also send to the given Email and mobile, TRN will also be used for future purposes in the GST Process
3. Use this link https://www.gst.gov.in/ again, Go to the Service Tab, take your cursor to registration and Select Temporary Reference Number and fill the details to proceed.
4. Enter the OTP received on Mobile/Email and Click proceed
5. Once you verify the OTP, a Dashboard will appear, The saved application will be displayed on dashboard, it also contains the Expiry Date, before which you need to complete the form. Please note, that the Status will be mentioned as Draft, Click on Edit icon under Action tab to fill the rest of the GST form.
6. You will now arrived to the main form. You have to fill all the tabs and continue on every tab by clicking Save and continue at bottom. You cannot skip a tab and has to go through the sequence defined only.
7. Now fill all the details, upload the respective documents and make sure 100% profile is completed
8. Click on “Verification” tab. Select the name of authorized signatory, fill the place and submit the form using either of the given options.

If submitting the form with DSC, go to Register/Update DSC under User Services tab and register the DSC of Authorized Signatory.

After successful submission, the Application Reference Number (ARN) will be generated and the same will send to the registered email and mobile.

If application or documents is found deficient or any clarification is sought by the officer then he may so intimate to the applicant and The applicant shall furnish electronically such clarification, information or documents sought.

After successful verification of the application, you have to wait for to get your registration certificate containing GSTIN.

GSTIN refers to GST Identification Number assigned to every GST registered dealer, it is a  15 digit alphanumeric number.

·        The first two digits of GSTIN will represent the state code

·        The next ten digits of GSTIN will be the PAN number of the taxpayer.

·        The 13th digit indicates the number of registrations an entity has within a state for the same PAN.

·        14th digit is Z by default.

·        Last digit is the check code for checking any error.

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What is the Cost involved for registering GST ?

Government fees for Gst Registration: Government is not charging any gst         registration fees in india. , It means You are not required to pay any charges for GST registration on the Government portal.

Professional fees for Gst Registration: Cost of Gst Registration when you get Registration for gst from a Professional such as a CA, CS, and ICWA or GST Consultant will vary from professional to professional.

Why I need a Professional Help when Gst charges are NiL?

               The document preparation and selection of appropriate form for New registration under Gst is a Complicated process. you have to do lot of the things like -

a) Choose Right AO Circle Code or Officer Range

b) Choose Right Legal Entity

c) Choose Right HSN or SAC Code

d) Upload Proper Documents with NOC or Utility Bill or rental agreement or sale deed  etc. so it will be approved in one time

e) Authorised Signatory Validation

f) Proper clarification in case of deficiency in the application & many more things.

 The professional can provide adequate resolution and consultancy for each of your problem and knows which forms and documents are to be submitted for Gst registration.

What will be time involved for GST registration?

You can get yourself register under Gst within 4-5 working days of making application, sometimes this tenure gets increased, it depends solely on the discretion of the department but if there is any deficiency in the application then it takes another 7 days’ time to get the GST number.

GST Return Filing:

All the entities having GST Registration are required to file GST Returns irrespective of whether the business entity has made any sale or purchase during the return filing period or not.

Different Types of Returns applicable under GST:

GSTR-1: This return is to be filed by the registered taxable supplier of outward supplies of taxable goods and services by 10th of the subsequent month.

GSTR-2: This return is to be filed registered taxable recipient of inward supplies of taxable goods and services for claiming input tax credit by 15th of the subsequent month.

GSTR-3: Registered taxable person should file monthly return on the basis of finalization of details of outward supplies and inward supplies plus the payment of amount of tax by 20th of the subsequent month.

GSTR-4: Composition supplier should file quarterly return by 18th of the month succeeding quarter by 18th of the month succeeding quarter.

GSTR-5: Return for non-resident taxable person by 20th of the subsequent month.

GSTR-6: Return for input service distributor by 13th of the subsequent month.

GSTR-7: Return for authorities carrying out tax deduction at source by 10th of the subsequent month.

GSTR-8: E-commerce operator or tax collector should file details of supplies effected and the amount of tax collected by 10th of the subsequent month.

GSTR-9: Registered taxable person should file annual return by 31 December of the next fiscal year.

GSTR-10: Taxable person whose registration has been cancelled or surrendered should file final return Within 3 months of date of cancellation or date of cancellation order, whichever is later.

GSTR-11: Person having UIN claiming refund should file details of inward supplies by 28th of the month, following the month for which the statement was filed.

If GST Returns are not filed within time, you will be liable to pay interest and a late fee.

How to make changes after GST Registration?

There are three type of changes that can be done:

(a)    Changes in the Core Field:

 Here Core Fields refer to

Business details,

Partner details,

Principal Place of Business and

additional Place of Business

Procedure for making Changes in the Core Field:

·  Visit https://www.gst.gov.in/, Log in to GST account with the help of Username and Password.

·  Visit the services tab, take your cursor to registration, You will see another drop down menu from which you will have to select “Amendment of GST Registration Core Fields” in the option.

·  The page will lead to amendment of Core Fields.

·  After making necessary changes in the Core Field, the same must be submitted for verification.

· Select verification icon, tick the disclaimer message.

• Select the authorized signatory from the list of “Name of Authorized Signatory.”
• Enter the name in the field assigned for the same.

·        Submit using Digital Signatures.

(b)    Changes in the Non-Core Field:

There are some fields which don’t require any approval from a proper office and changes in Non-core fields can be easily done online. All the fields except those, which are covered under core fields come under a Non-core field.

(c)     Change In Email Or Mobile Number:

The change in email or mobile number requires a verification by OTP (One-Time Password) after online verification on common GST portal.

Composition Scheme under GST :

This scheme is for small and medium enterprises. Small firm may face difficulties in submitting frequent returns and to follow complex procedures of payment of taxes .Under this scheme these enterprises are not burdened with compliance provision of law but they are also given privilege to pay GST at lower rate. Getting yourself registered under this scheme is on voluntary basis and optional also. No ITC can be claimed, No Inter-state supply of goods, No GST exempted goods can be supplied under composition scheme.

 Turnover Limit for Composition Scheme: Any tax payer, whose turnover is less then INR 1.5 Crore, in Rest of India, and less then INR 75 Lakhs in Special Category States (North Eastern States and Himachal Pradesh), can opt for the composition scheme under GST.

 Ineligible Persons:

·        Taxpayer supplying Exempt supplies

·        Supplier of services other than restaurant related services

·        Manufacturer of ice cream, pan masala, or tobacco

·        Casual Taxable Person or a Non-resident Taxable Person

·        Businesses which supply goods through an e-commerce operator

How we can Cancel the GST Registration ?

One can cancel GST registration in some cases. While the registration can also be done voluntarily but only after one or more years are elapsed from the date of GST registration.

Voluntary Cancellation by the Tax Payer:

• Discontinuance of the business
• When Taxable person ceases to be liable to pay ta
• Transfer of business as a result of  amalgamation, merger de-merger, sale, leased or otherwise
• Change in constitution of business leading to change in PAN
• Registered voluntarily but did not commence any business within specified time
• A taxable person not liable any longer to be registered under GST act

Procedure for Cancellation

(a)  Login on GST portal with Username and Password.

(b) That click on the dashboard, click on the tab ‘Cancellation of provisional registration”

(c)  After which a popup will appear that if a taxpayer has raised any tax invoice in the period of GST

(d) Select ‘No’

(e)  After the selection, the taxpayer will have to go through verification and have to submit all the related details along with the digital signature/EVC

How is TIN number different from GSTIN ?

TIN stands for Taxpayer Identification Number, which is an eleven digit number . Basically TIN Number is used to identify registered dealers under VAT. TIN is a unique number that’s allotted by the Commercial Tax Department of each State Government and it is mandatory to mention this number on all VAT related transactions. TIN number or VAT registration is a must for businesses selling goods or products like manufactures, exporters, shopkeepers, dealers, e-commerce sellers selling goods, etc., First two digits of TIN indicate the state code and rest may differs by state by state.

Whereas GSTIN refers Good and Services Tax Identification Number, which is provided to all business entities registered under GST. 

You may write us at [email protected] for any query related to Company Registration or Trademark Registration or GST Registration or GST Return Filing etc.