GST REGISTRATION
Its the time to run your business in more legalized and tension-free manner. Get GST Registration hustle free and become registered Supplier of Goods & Services.
ONLINE GST REGISTRATION
GST Registration or Goods & Services Tax Registration is required for every business or corporation that are involved in the buying and selling of good and services. This registration is mandatory for business, companies, firms whose annual turnover is more than Rs. 20 lakhs (for supply of services) and Rs. 40 lakhs (for supply of goods).
A GST Registration Online is required for all businesses that are effecting inter-state outward supplies of goods. The businesses that provides taxable supplies via Agents or Brokers of that taxable services are also required to have new GST registration.
As per the recent notification released by the GST department, Online GST Registration is not mandatory for the e-commerce sellers or aggregators, if total annual sales by the company is less than Rs. 20 lakhs.
ADVANTAGES OF GST REGISTRATION
- BENEFITS OF GST REGISTRATION OVER ITS COST
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- LESS RESTRICTIONS ON INTER-STATE SALES
- Registered suppliers can supply goods from one state to another without any hindrances by the officers or government officials.
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- MORE COMPLIANT
- Now its easy to manage invoices and pay taxes online. All the monthly or yearly returns and payment of taxes can be filed and paid online via Government portal which is developed by GSTN.
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- GOOD RATING BY GST DEPT.
- The GST Department rates the suppliers who complies with all the provisions & file returns on a timely basis. This helps in improving credibility in the eyes of suppliers & customers.
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- BETTER CREDITIBLITY
- It is easier for a GST registered business to get funds. Now a days, bank & other financial institutions require GST Registration for granting loans or credit to the businesses.
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- GROWTH & STABILITY
- With the help of online GST registration, more funds are available with the business, hence the growth and stability of a GST registered business is automatically ensured.
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- TAKE INPUT TAX CREDIT
- GST registered suppliers can claim ITC on purchases made from another GST registered person/entity. Thus, the purchase cost is less which leads to more profit.
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- PROVIDE ITC TO CUSTOMERS
- With the help of GST Registration, the suppliers can pass on GST tax credit to their customers. Thus, the customers having GST registration number can claim ITC on purchases made from registered suppliers.
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- SINGLE REGISTRATION
- GST subsumed many taxes such as excise duty, VAT, CST, Service tax, etc. Now, Suppliers need to take just a single registration under GST for manufacturing/ trading of Goods & Services.
DOCUMENTS REQUIRED FOR NEW GST REGISTRATION ONLINE
1) PAN Card of Proprietor
2) Aadhar Card of Proprietor
3) Passport-size Photo of Proprietor
4) Working Mobile Number & e-mail id.
5) Electricity Bill + Rent Agreement/ Property Deed of principle place of business.
6) No Objection Certificate from shop owner in case of rented property. (We will prepare NOC document, you just need to get it signed by the owner).