To apply for GST number online you need to follow the steps mentioned below:
1. Contact details.
2. Email address.
3. PAN (Permanent Account Number).
4. Draft all the documents.
5. Make online payment.
6. Upload the documents.
7. Generate ARN.
ARTS provides you the cheapest price for GST registration. GST registration will cost you starting 799/- rupees if you contact us through our website. We are currently providing FREE GST Registration for a limited period.
GST (Goods and Service Tax) in India is an Indirect tax in India. As per the GST laws it is necessary to apply for GST registration when a business falls under certain criteria. GST registration can be done easily by the help of ARTS experts.
Below mentioned taxpayers have to apply for GST registration:
1. Individuals registered under the Pre-GST law (i.e., Excise, VAT, Service Tax etc.)
2. Taxable person who supplies goods and the annual turnover of his business is above 40 lakhs and the one who supplies services with annual turnover of rupees 20 lakhs.
3. Casual taxable person / Non-Resident taxable person.
4. Agents of a supplier & Input service distributor.
5. Those paying tax under the reverse charge mechanism.
6. Person who supplies via e-commerce aggregator.
7. Every e-commerce aggregator.
GST registration takes 7-10 working days for the entire process to complete and receive the GST number.
The tax would be received by the taxing authority which has jurisdiction over the place of consumption which is also termed as a place of supply.
A) Cetral Taxes:
a. Central Excise Duty
b. Duties of Excise (Medicinal and Toilet Preparations)
c. Additional Duties of Excise (Goods of Special Importance)
d. Additional Duties of Excise (Textiles and Textile Products)
e. Additional Duties of Customs (commonly known as CVD)
f. Special Additional Duty of Customs (SAD)
g. Service Tax
h. Central Surcharges and Cesses so far as they relate to supply of goods and services.
B) State taxes that would be subsumed under the GST are:
a. State VAT
b. Central Sales Tax
c. Luxury Tax
d. Entry Tax (all forms)
e. Entertainment and Amusement Tax (except when levied by the local bodies)
f. Taxes on advertisements
g. Purchase Tax
h. Taxes on lotteries, betting and gambling
i. State Surcharges and Cesses so far as they relate to supply of goods and services
Tobacco & tobacco products will subject to GST.
GST is differentiated in three different types CGST (Central Goods and Service Tax), SGST (State Goods and Service Tax), IGST (Integrated Goods and Service Tax).
Centre will levy and administer CGST & IGST while respective states /UTs will levy and administer SGST.
An Integrated GST (IGST) would be levied and collected by the Centre on the inter-State supply of goods and services. The GST on supplies in the course of inter-state trade or commerce shall be levied and collected by the Government of India and such tax shall be apportioned between the Union and the States in the manner as may be provided by Parliament by law on the recommendations of the Goods and Services Tax Council.
The CGST and SGST rates will be levied by States and Central Government.
GST came into effect on 1st April, 2017.
Exports will be treated as zero-rated supplies. No tax will be payable on exports of goods or services, however, the credit of input tax credit will be available and same will be available as a refund to the exporters. The Exporter will have an option to either pay tax on the output and claim refund of IGST or export under Bond without payment of IGST and claim a refund of Input Tax Credit (ITC).
The taxes you pay on input goods/services can be used as an Input Tax Credit (ITC) against output tax liabilities.
Yes, B2B transactions are subjected to GST.
Input tax credits can be used as follows:
CGST input tax credits can only be used to pay CGST and IGST
SGST input tax credits can only be used to pay SGST and IGST
IGST input tax credits can be used to pay CGST, SGST, and IGST
Returns will trigger a tax credit, however, replacement products will be subject to GST, so cash flow may be impacted by returns.
No, we cannot claim GST interest refund after two years of payment.
GST regulations are applicable if your annual turnover is Rs. 20 lakh or above. In case of North Eastern states (Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura) and hilly regions i.e. Himachal Pradesh, Uttarakhand, Jammu & Kashmir, and Sikkim, the threshold limit is Rs. 10 lakh.
Yes, PAN card is required to apply for GST.
Yes, GST is applicable from 1st July and the registration limit is until 31st Jan.
Yes, section 34 will deal with such situations.
The following shall not be required to obtain registration and will be allotted a UIN (Unique Identification Number) instead.
They can receive a refund of taxes on notified supplies of goods/services received by them:
Any specialized agency of UNO (United Nations Organisation) or any multilateral financial institution and Organization notified under the United Nations Act, 1947 Consulate or Embassy of foreign countries
Any other person notified by the Board/Commissioner
The Central Government or State Government may be based on the recommendation of the GST Council, notify exemption from registration to specific persons.
If you occasionally make the supply of goods/services as a principal or agent or any other capacity, in a taxable territory, where GST applies but where you don’t have a fixed place of business. As per GST, you will be treated as a Casual Taxable Person.
All goods and services are taxable except alcoholic liquor. Petroleum crude, high-speed diesel, motor spirit (commonly known as petrol), natural gas and aviation turbine fuel shall be taxable with effect from a future date. This date would be notified by the Government on the recommendations of the GST Council.
It implies to settle Government obligation that is on the beneficiary of supply of goods and services rather than the provider of such products or administrations in regard to informed classifications of supply.
GST registration can be done in three simple steps:
Application Drafting
ARN Number
Registered GST Number
No, a person without GST registration cannot claim ITC and collect the tax.
No a person with no GST registration cannot collect GST.
Yes, you have to pay GST.
An aggregate turnover for a business in a financial year exceeds Rs. 20 lakhs is bound to register under GST. For the North-Eastern and hilly states, it is set at Rs. 10 lakhs.
No, the unregistered dealer cannot supply goods to other states if his turnover is below Rs 20 lakh.
No, you can directly apply for GST registration with the help of All Round Tax Solutions.
In case you have registered, then you need to file GST returns or else you can also choose to cancel the registration.
No, there is no such requirement for small retailers to buy from dealers/wholesalers.
GST has no implementation for EOUs (Export oriented units). As to whether they exist for any other purpose may be seen from the FTP.
Any supplier who carries on any business at any place in India and whose aggregate turnover exceeds threshold limit as prescribed above in a year is liable to get himself registered. However, certain categories of persons mentioned in Schedule III of MGL are liable to be registered irrespective of this threshold.
No, there is no particular format for invoice under GST.
No, if a firm is registered in more than one State, then each such registration will be treated as a separate registered person. Cross-utilization of credit available with two different registered persons is not allowed.
The annual turnover should be above 20 lakh rupees.
No, It is applicable for only one registration but you can add multiple businesses while registration.
Yes, if you are eligible under every criteria for GST registration then you need to do the GST registration.
No, it depends on the business. It not necessary for a business to have a current account for GST registration.
Visit All Round Tax Solutions website, where you can complete the registration process easier.
GST is not mandatory unless the annual turnover exceeds 20 lakh rupees.
No, you can raise GST invoice before GST registration.
Yes, GST registration is required for an E-commerce startup.
The GST registration can be canceled in a few cases such as when the business is terminated or the business constitution is changed and not updated.
Yes, a GST registration can be canceled.
No, for startup advertising firm GST registration is not mandatory.
No there is no requirement for GST registration if the annual turnover is below 20 lakhs.
If the annual turnover is below 20 lakh then you sell the product without GST and in case it exceeds 20 lakh rupees then GST registration is mandatory.
VAT registration is not required for GST registration.
It does not matter what the business is, GST registration needs to be done if the business annual turnover exceeds 20 lakh rupees.
If the income is above 20 lakhs then you need to register under GST for rental properties.
Until and unless the annual turnover is 20 lakh rupees you don’t need to apply for GST registration.
Visit All Round Tax Solutions website and know the entire procedure to do GST registration.
If the transportation is done outside your state then you need to do GST registration.
If you have introduced your business in other states then you need to apply for GST registration in multiple states.
It depends on the annual income, if it exceeds 20 lakh rupees then you need to apply for GST registration.
No GST registration is not required if the equipment is imported for personal use.
Yes, the account number is mandatory for GST registration.
Yes, one mobile number is required for one GST registration.
Yes, if the annual turnover exceeds 20 lakh rupees the GST registration is compulsory for cloth commission agent or brokerage received from the supplier.