GST Registration

GST Registration

GST Registration is required to be obtained by all those entities whose turnover crosses the threshold limit, in certain cases there is mandatory provision of GST Registration.

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Goods and Services Tax abbreviated as “GST” is came into effect from 1st July 2017 through the One hundred and First amendment of the Constitution of India. Prior to 01st July 2017 every state in India governs its own local law on sale of goods known as “VAT” (Value added Tax) and at Central level there was levied Service Tax and Excise Tax.

All such forms of indirect taxes levied at central and state level are subsumed and form GST from 01st July 2017.

There are three types of GST:

CGST: Central Goods and Services Tax

SGST / UTGST: State Goods and Services Tax / Union Territory Goods and Services Tax

IGST: Integrated Goods and Services Tax

Registration in GST

Registration in GST is based upon the nature of business activity, Certain business activity require mandatory GST registration irrespective of threshold limit, Certain business activity require GST registration on crossing of threshold limit. Further GST registration need to obtain state-wise in accordance with the area in which business activity takes place. GST Registration is an online process need to be carries out on GST Portal.

Threshold limit for GST Registration

Threshold limit for Sale of Goods

For Normal Category States – INR 40 Lakhs

For Special Category States – INR 20 Lakhs

Normal Category States are Chhattisgarh, Jharkhand, Delhi, Bihar, Maharashtra, Andhra Pradesh, Gujarat, Haryana, Goa, Punjab, Uttar Pradesh, J&K, Assam, Himachal Pradesh, Karnataka, Madhya Pradesh, Odisha, Rajasthan, Tamil Nadu, West Bengal, Kerala and Telangana

Special Category states are Puducherry, Meghalaya, Mizoram, Tripura, Manipur, Sikkim, Nagaland, Arunachal Pradesh, Uttarakhand

  

Threshold limit for sale of Services

For Normal Category States – INR 20 Lakhs

For Special Category States – INR 10 Lakhs

Normal Category States are Chhattisgarh, Jharkhand, Delhi, Bihar, Maharashtra, Andhra Pradesh, Gujarat, Haryana, Goa, Punjab, Uttar Pradesh, J&K, Assam, Himachal Pradesh, Karnataka, Madhya Pradesh, Odisha, Rajasthan, Tamil Nadu, West Bengal, Kerala and Telangana

Special Category states are Puducherry, Meghalaya, Mizoram, Tripura, Manipur, Sikkim, Nagaland, Arunachal Pradesh, Uttarakhand

There is also an alternative option to opt for composition scheme under GST registration, in this composition scheme, the taxpayer need to pay tax quarterly without availing the cenvat credit based upon the turnover. Threshold limit for opting composition scheme for sale of goods is INR 1.50 crore. Threshold limit for sale of services as well as mixed suppliers of goods and services are capped at INR 50 lakhs. Rate of tax under composition scheme for service provider is 6% which is 3% CGST and 3% SGST.

There are certain kind of business which require mandatory GST registration irrespective of threshold limit, these are:

  1. Inter-state supplier: Sale of goods or services in multiple states.
  2. Casual Taxable Person
  3. Person taxable under Reverse Charge basis
  4. Non resident taxable persons
  5. Person required to deduct TDS under GST
  6. Person required to deduct TCS under GST
  7. Input service distributors
  8. Person making sale on behalf of someone else as an agent or principal
  9. E-commerce operators
  10. Suppliers who supply goods through e-commerce
  11. Online service provider providing services from outside India to non registered person in India (OIDAR services)

If any taxable person has multiple branches / units scattered through-out India in different states then it require obtaining GST registration on state-wise basis. Now the threshold limit will not be applicable state-wise and the person making inter-state supplies need to mandatorily get GST registration.

With the ever changing Law and regulatory requirements, we keep on track and advise the same on timely manner in order to ensure proper compliance. We at ReturnFilings.Com will understand the purpose of your GST Registration and thereafter will provide you detailed analysis mentioning the law requirement and compliance need to fulfil in order to obtain GST Registration economically and efficiently. We at ReturnFilings.Com will provide you details of regulatory filings in order to ensure proper smooth and timely compliances. We at ReturnFilings.Com are determinate to provide end to end solution; our motto is you concentrate on your business while we at ReturnFilings.Com will take care of all your compliance need.