GST Registration Service

GST (Goods and Service Tax) was introduced on July 1, 2017. In case of any business entity if turnover exceeds Rs. 20 Lakhs that business entity comes under the GST law, under which a person has to register and pay some amount as tax. This whole procedure is GST registration. All the service providers, freelancers come under this tax system. Business entities should carry on their business by getting registered under GST. If any business is not registered under GST, then that is considered as an offence and they also have to pay heavy penalties. Earlier the threshold turnover was 20 Lakhs, which is now 40 Lakhs, came into effect from 1st April, 2019. Complexity of tax payment has been lessened as multiple taxes are aligned into a simple single tax system. GST service provides ease of doing business to millions of business entiti

Turnover limit of GST payment

For supplier of service if turnover amount exceeds Rs 20 Lakhs in a financial year, it comes under GST registration procedure. In case of supplier of goods limit is 4o lakhs. And for North-Eastern states turnover amount is Rs. 10 lakhs.

Documents required for GST registration

• PAN card: Registration under GST must be linked with PAN card of business. This is the prime document for GST registration.
• Passport size photographs of the applicant of GST registration.
• Bank details: first page of bank’s passbook or the copy of cancelled cheque is required during registration under GST.
• Identity proof and address proof: votercard, passport, aadhar card, driving license, ration card are some address proof documents which can be submitted.
• Documents of business registration like any certificate of trust or government owned department or any deed must be submitted. And for LLP and companies incorporation certificate and partner’s name and address should be submitted.
• Business location proof: entities have to show their business location proof
  • Own property documents like electricity bill or tax receipt can be shown in support of ownership of the person.
  • Rented property if the business location is rented, then a valid rental agreement copy must be submitted.

Who come under GST registration

• E-commerce traders like Myntra, Meesho, Amazon, Jiomart, Flipkart etc.
• Those who supply goods and services are considered as taxable to pay GST.
• Any normal person who is making taxable supply.
• Business entities whose turnover limit is more than 20 lakhs in a year.
• Any inter-state taxable supply of goods by any business entity.

Different kinds of GST registration

One should have much idea about different types of GST before applying for GST registration. There are the list shows different types of GST registration.

• Normal taxpayer:

  It is actually for those taxpayers, conducting business in India. They don’t have to deposit in this scheme.

• Non- resident taxable person :

  This is for the individuals located outside India and they must provide services or goods to India.

Composition taxpayers

this category applies to taxpayers whose turnover is less than Rs.15 cr. They can’t claim input tax credit.

• Casual taxable person

  an entity should enroll under the GST casual taxpayers if he/ she has stall or any shop. Taxpayers have to pay a deposit.

GST registration process

We provide a very simple GST registration process. One can easily register by following the steps below-

• You have to log in to your service tax account. You will get an ID and password.
• Go to GST portal for enrolling for GST service. Click on the new user log in option with your ID and password.
• Then a page will be opened, enter your contact details.
• OTP will be sent on phone number.
• You can now create user name and password.
• Then this portal will approve GST registration.
• After registration an identification number GSTN (Goods & Service Tax Identification) will be provided to you.

Components of GST

GST has 3 main components i.e.

• CGST (Central Goods & Services Tax) centre puts GST on entities.
• SGST (State Goods & Services Tax) state puts GST on entities.
• IGST (Integrated Goods & Services Tax) during inter-state transaction centre levy GST on entities.

Why will you choose Munshikaka ?

There are some reasons that make people choose us.

• GST registration is done without any hassle.
• Representatives are always available to make taxpayers understand everything and clear their queries.

Tax payment mode

Munshi Kaka provides NEFT to account (National Electronic Funds Transfer) method for the tax payers to pay GST.

Benefits of GST filing

By claiming Input Tax Credit one can gain profit.

• You can ask for tax from customers.
• GST certificate also helps in opening business account.
• You can increase your business online or by import- export.
• For payment purpose GST number is useful.
• One can be eligible for several central and state Govt. tenders. For that they should have GSTN.

Penalties of not paying GST

• If any entity chooses composition GST registration scheme though it is not eligible then 100% tax due or 10,000 Rs. (which one is higher) has to pay as penalty.
• b. If someone has not done registration or has not given GST invoice then 100% due tax or Rs. 10,000 (which one is higher) has to be paid by the person.