GST Registration

  • Overview
  • Benefits
  • Document Required
  • Process To Apply

how it works

Overview

Under the Goods and Services Tax (GST) regime, businesses with an annual turnover exceeding the threshold limits of Rs. 40 lakh, Rs. 20 lakh, or Rs. 10 lakh—depending on the specific category and location—are required to register as a normal taxable person. This process is known as GST registration.

For certain types of businesses, GST registration is mandatory regardless of turnover. Operating a business without the necessary GST registration is considered an offense under the GST law and can result in substantial penalties.

Who Should Obtain GST Registration?

  • Individuals previously registered under Pre-GST laws (Excise, VAT, Service Tax, etc.)
  • Businesses with turnover above the threshold limit of Rs. 40 lakh, Rs. 20 lakh, or Rs. 10 lakh
  • Casual taxable persons and Non-Resident taxable persons
  • Agents of suppliers and Input service distributors
  • Entities liable to pay tax under the reverse charge mechanism
  • Suppliers using e-commerce platforms
  • E-commerce aggregators
  • Providers of online information and database access services from outside India to customers in India, other than registered taxable persons

Benefits:

  • Legitimacy and Trust: GST registration enhances business credibility and instills confidence in customers and suppliers.
  • Legal Compliance: Helps businesses comply with the law and avoid penalties.
  • Expansion: Businesses can expand to inter-state markets without facing tax barriers.
  • Input Tax Credit: Allows businesses to claim ITC, reducing the overall tax burden.

Documents Required 

  • PAN of the Applicant
  • Aadhaar card
  • 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

All About the GST Registration Process

GST registration can be completed online through the official GST portal. To apply, you need to fill out and submit Form REG-01, following the step-by-step instructions provided in our article, “How to Apply for GST Registration?”

Alternatively, Praman Advisors offers comprehensive GST registration services to simplify the process for you. Our team of GST experts will handle everything from ensuring your business meets all GST compliance requirements to securing your GSTIN.

With Praman Advisors, you can rest assured that your GST registration will be completed efficiently and accurately, with expert guidance every step of the way.

Penalty for Not Obtaining GST Registration

Failure to obtain GST registration can result in significant penalties. If an offender fails to pay the required tax or makes short payments due to genuine errors, a penalty of 10% of the tax amount due will be imposed, with a minimum penalty of Rs. 10,000.

However, if the offender deliberately evades paying taxes, the penalty increases to 100% of the tax amount due.

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  • +91
  • +1
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or
whatsapp (+91) 97119 94042