Do you want to perform GST registration in India? Are you in need of complete information about GST registration in India? If yes, then you are at the proper place. One Click Business Solutions Private Limited is the number one business services provider in India. We deal with GST Registration, annual compliance and other services. Let us have a detailed discussion about GST registration in India.
According to the GST law, every individual including company, LLP and others need to complete GST registration whenever the total turnover exceeds Rs. 20 lakh (in case of north eastern states). Therefore if your turnover exceeds 20 lakh or going to exceed 20 lakh, it is important to make the GST registration.
In some cases turnover limit is not applicable. Once it is confirmed that GST registration is compulsory, it is recommended to gather relevant documents for completing GST registration. The relevant documents differ according to case such as different documents for private limited, public limited, partnership etc.
Once all the important documents are done, the next step is to visit www.gst.gov.in and make the login credentials. It is required to fill the detail information in order to avoid rejections and also penalties thereafter.
When GST registration becomes mandatory, there are a lot of cases comes under GST. Now let us go through a few cases where GST registration is compulsory for every individual even when they earn Re. 1 turnover. Let us go through the detail of GST registration :
Selling on E-commerce -
If commodities are to be sold on Flipkart or Amazon then GST registration is mandatory.
Export Cases -
In case you are involved in export of goods and services, GST registration is compulsory.
Inter State Supply –
If you perform inter state supply then GST registration is mandatory.
Reverse Charge –
In case reverse charge mechanism is applicable, then it is compulsory to perform GST registration process.
Non Resident Taxable Person –
It is compulsory for a non resident taxable person to do GST registration in India.
Casual Taxable Person –
Casual taxable person requires a compulsory GST registration in India.
Crossing the Threshold –
If turnover of an individual within state exceeds 20 lakh, then he must do GST registration.
Input Service Distributor –
An input service distributor must do GST registration in India.
Registration Proof – A partnership deed, COI or any other document of registration is essential.
PAN & Photo – Each and every director and shareholder in India must have PAN and photo.
Address Proof – Utility bill, ownership proof and NOC format are considered as address proof.
Other Documents – Authorization form, bank statement and board resolution are other important documents.
N.B.: - Only scan copies of all documents need to be submitted. Hard copy is essential for Non Resident Indians (NRI) or foreign nationals.
Central Goods & Services Tax is collected by the Central Government when an intra-state sale is done.
State Goods & Services Tax is collected by the State Government when there is an intra-state sale.
Integrated Goods & Services Tax is collected by the Central Government on any inter-state sale.