Metiscon Solutions

GST REGISTRATION

GST is the biggest tax reform in India, tremendously improving ease of doing business and increasing the taxpayer base in India by bringing in millions of small businesses in India. By abolishing and subsuming multiple taxes into a single system, tax complexities would be reduced while tax base is increased substantially. Under the new GST regime, all entities involved in buying or selling goods or providing services or both are required to register for GST. Entities without GST registration would not be allowed to collect GST from a customer or claim input tax credit of GST paid or could be penalised. Further, registration under GST is mandatory once an entity crosses the minimum threshold turnover of starts a new business that is expected to cross the prescribed turnover.
GST is a win-win situation for the entire country. It brings benefits to all the stakeholders of the economy industry, government and the consumer.  By lowering the cost of goods and services, give a boost to the economy and make the products and services globally competitive. Besides GST makes India a common market with common tax rates and procedures. It removes the economic barriers between states thus paving the way for an integrated economy at the national level. 

ADVANTAGES OF GST REGISTRATION

Have business across states
Interstate trading is possible only after registering the business under GST. This is particularly relevant for even small business situated in border towns/cities with business spread across 2 states
Selling or trading online or online services
GSTIN is mandatory when selling over platforms like Amazon, Flipkart, Shopify, Paytm on ecommerce platform or through even your own website.
Get Input Tax Credit Pricing & Cost Advantage
Pricing structures can be more competitive when you can avail Input Tax Credit – for this registration and filing of returns is necessary.
Access to bank and institutional credit
Banks often use the GST returns filed by the taxpayer to assess their financial strength and situation when providing different credit facilities.

GST REGISTRATION CHARGES

GST REGISTRATION WITH MSME – ₹ 1500
** first month GST returns filing FREE

ONLY GST REGISTRATION – ₹ 1000
** first month GST returns filing FREE

OTHER RELATED SERVICES

GST
RETURNS

All businesses that are registered under GST need to file returns on a monthly or quarterly depending on status and Annually depending on turnover

E-WAY BILL GENERATION

Electronic bill generation with creation of unique number for supplier, transporter and recipient on GST portal for all challans exceeding ₹50,000 value

GST
AUDIT

GST audit is mandatory when the turnover of the assesse exceeds ₹ 2 crores. In some situation audit may also be ordered by the GST department  

GST CANCELLATION

If the assesse is no longer in business or sold business or GST Act is no longer application he has to file all due returns and formally surrender the GST certificate

DOCUMENTATION FOR REGISTRATION

DOCUMENTS REQUIRED PRIVATE LIMITED COMPANY LLP & OPC

PROOF OF BUSINESS & AUTHORISATION

  1. Certification of Incorporation  
  2. Board resolution for authorised signatories
  3. PAN card of Private Limited Company / LLP / OPC

DOCUMENTS OF DIRECTORS / DESIGNATED PARTNERS

  1. Passport size photographs 
  2. PAN Card – scan of front and reverse
  3. Aadhaar Card – colour scan with all 12 digits must be clearly visible

ADDRESS PROOF OF PLACE OF BUSINESS

PREMISES ARE OWNED BY ANY DIRECTOR / DESIGNATED PARTNER

  1. Electricity bill OR Khata OR Municipal Tax Paid Receipt
  2. No Objection certificate
    ** (1) Bill should be in the name of director/designated partner – joint names are acceptable (2) Bill should be less than 60 days old.

PREMISES ARE RENTED

  1.  Rental agreement
  2. Electricity bill OR Khata OR Municipal Tax Paid Receipt
  3. No Objection certificate
    ** (1) Bill should be in the name of landlord – joint names are acceptable (2) Bill should be less than 60 days old.

DOCUMENTS REQUIRED FOR PARTNERSHIP

PROOF OF BUSINESS & AUTHORISATION

  1. Partnership Registration Certificate
  2. Certification of Incorporation  
  3. Board resolution for authorised signatories

DOCUMENTS OF PARTNER

  1. Passport size photographs 
  2. PAN Card – scan of front and reverse
  3. Aadhaar Card – colour scan with all 12 digits must be clearly visible

ADDRESS PROOF OF PLACE OF BUSINESS

PREMISES ARE OWNED BY ANY PARTNER

  1. Electricity bill OR Khata OR Municipal Tax Paid Receipt
  2. No Objection certificate
    ** (1) Bill should be in the name of partner – joint names are acceptable (2) Bill should be less than 60 days old.

PREMISES ARE RENTED

  1.  Rental agreement
  2. Electricity bill OR Khata OR Municipal Tax Paid Receipt
  3. No Objection certificate
    ** (1) Bill should be in the name of landlord – joint names are acceptable (2) Bill should be less than 60 days old.

DOCUMENTS REQUIRED FOR PROPRIETOR FIRM

DOCUMENTS OF PROPRIETOR

  1. Passport size photograph
  2. PAN Card – scan of front and reverse
  3. Aadhaar Card – colour scan with all 12 digits must be clearly visible

ADDRESS PROOF OF PLACE OF BUSINESS

PREMISES ARE OWNED BY ANY PROPRIETOR

  1. Electricity bill OR Khata OR Municipal Tax Paid Receipt
  2. No Objection certificate
    ** (1) Bill should be in the name of partner – joint names are acceptable (2) Bill should be less than 60 days old.

PREMISES ARE RENTED

  1.  Rental agreement
  2. Electricity bill OR Khata OR Municipal Tax Paid Receipt
  3. No Objection certificate
    ** (1) Bill should be in the name of landlord – joint names are acceptable (2) Bill should be less than 60 days old.

4 SIMPLE STEPS TO REGISTER FOR GST

WHAT ARE THE DOCUMENTS YOU NEED TO SCAN

The documents that you need to scan depend on the structure of the organisation and have been spelt out above

1) Proof of business
2) Proof of authorisation given to director/partners etc.
3) Proof of identity of authorised signatories
4)
Proof of address of authorised signatories
5) P
roof of address of place of business

HOW DO YOU SEND US YOUR INFORMATION & PAYMENT

1) You mail all the scanned documents to us
2) You remit our full charges by bank transfer or through UPI like PayTM or Google Pay or Phone Pe etc.

WHAT IS VALIDATED

1) All documents that are submitted are validated for clarity of reading and completeness
2) Information not present in the supporting documents are validated are and updated in application
3) AADHAAR NUMBER IS VALIDATED
4) Uploaded application is validated by system and ARN (Acknowledgement Receipt Number) is generated

REGISTRATION DONE

1) If there are no further queries from the GST department your registration is done
2) In case the GST department has any queries or asks for further documents we will assist and close the process for getting your certificate

SOME POPULAR CERTIFICATE COMBOS

SOME OTHER IMPORTANT ASPECTS

LIABILITY TO GET REGISTERED UNDER GST

GST registration is mandatory for all entities involved in the buying or selling or providing of services in India.

Turnover Criteria


GST registration can be taken on a voluntary basis. However as per the GST Council, entities in special category states with an annual turnover of ₹ 20 lakhs and above would be required to register under GST. All other entities in rest of India would be required to register for GST if annual turnover exceeds ₹40 lakhs. Service provides with a turnover of over ₹ 20L also are mandatorily required to register under GST. Aggregate value is value of all taxable supplies, exempt supplies, export of goods or services or both and inter-State supplies of a person having same PAN. Aggregate turnover does not include CGST, SGST, IGST and GST cess.

In addition to the turnover criteria, there are various other conditions that could mandate GST registration.

  1. Every person who is registered under an earlier law (i.e., Excise, VAT, Service Tax etc.) needs to register under GST.
  2. When a business which is registered has been transferred to someone/demerged, the transferee shall take registration with effect from the date of transfer.
  3. Anyone who drives inter-state supply of goods.
  4. A person who occasionally supplies goods and/or services in a territory where GST is applicable but he does not have a fixed place of business. Such a person will be treated as a casual taxable person or as a non-resident taxable person as per GST.
  5. Agents of a supplier. 
  6. Those paying tax under the reverse charge mechanism.
  7. Input service distributor i.e an office of the supplier of goods/services which receives tax invoices on receipt of input services and issues tax invoices for the purpose of distributing the credit of CGST/SGST/IGST paid on the said services to your branch with same PAN.
  8. E-commerce operator or aggregator.
  9. Person who supplies via e-commerce aggregator
  10. 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

Excluded from GST Registration

  1. Farmers supplying producing from cultivation farm
  2. Individuals which are not crossing the paid up capital investments
  3. Individuals manufacturing subsidized supplies of services and goods
  4. Individual manufacturing Non-GST/Non-Taxable supplies of goods and services
  5. Events that neither Supply of Goods nor Services
  6. Individuals manufacturing goods and services under reverse charge

 Time Limit

An entity liable to be registered under GST should apply for registration under GST within 30 days from the date on which the entity becomes liable to register for GST. Casual taxable persons and non-resident taxable persons are required to be registered under GST, prior to commencing business.

Pan India Operations:

An entity operating in multiple states will have to get registered separately for each of the States from where taxable supply of goods or services is made.

Voluntary Registration

Any entity wishing to claim input tax credit can registered voluntarily, even if not liable to be registered. All voluntarily registered entities will also have to comply with regulations as applicable to a normal taxable person.

Is PAN number mandatory?

PAN is mandatory for normal taxpayers and casual taxable persons to be registered under GST. However, PAN is not mandatory for a non-resident taxable person for obtaining registration.

Primary authorized signatory

He is the person who is primarily responsible to perform action on the GST System Portal on behalf of the taxpayer. It can be the promoter of the business or any person nominated by the promoters of the business.

GST number and certificate

GST Registration Number is a 15 Digit identification number which is allotted to each applicant. Its’ completely based on the PAN Number and State code. First two digits represent the state code and another 10 digit represent the Pan number of the client, one digit represent the entity code (like proprietorship firm, partnership etc.), one digit is blank and last one is represent check digit.

GST certificate is provided by the Government only in soft-copy format. Once GSTIN is allotted, GST certificate can be downloaded from the GST Portal at any time by the taxpayer.

Composition Scheme

Composition scheme is presented for small taxpayers to decrease compliance on them

  1. File can be returns quarterly instead of monthly
  2. Tax slab are convenient and very low for manufacturer 2%, restaurant 5% and 1% for other suppliers respectively
  3. No provision of collecting tax invoice from consumer
  4. Cannot access input tax credit

Composition scheme is presented for small taxpayers to decrease compliance on them

  1. File can be returns quarterly instead of monthly
  2. Tax slab are convenient and very low for manufacturer 2%, restaurant 5% and 1% for other suppliers respectively
  3. No provision of collecting tax invoice from consumer
  4. Cannot access input tax credit

 

Only those individuals who completes following eligibility cab apply for composition scheme

  1. A taxpayer whose turnover is below Rs 1.5 crore* can opt for Composition Scheme. In case of North-Eastern states and Himachal Pradesh, the limit is now Rs 75* lakh.
  2. As per the CGST (Amendment) Act, 2018, a composition dealer can also supply services to an extent of ten percent of turnover, or Rs.5 lakhs, whichever is higher. This amendment will be applicable from the 1st of Feb, 2019. Further, GST Council in its 32nd meeting proposed an increase to this limit for service providers on 10th Jan 2019*.
  3. If the person is not supplying any goods for which taxes are not levied
  4. Turnover of all businesses registered with the same PAN should be taken into consideration to calculate turnover

 

You have to file an online application form to get benefited under Composition Scheme. The taxpayer who are eligible to get this scheme are classified below

  1. Migrated Taxpayer: Any taxpayer who has migrated from previous taxation law is permitted provisional registration certificate can apply under Form GST CMP-01 and further proceedings in Form GST CMP-03 within 30 days after 1st July 2017.
  2. New Taxpayer: Any individual who has enrolled in GST registration certificate with effect from 01-07-2017 can apply Form GST REG-01 and select option to pay composition money in New Registration Form
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