GST Registration

                                          GST Registration 

                                                                 Goods and Services Tax

The Good and Services Tax (GST) applies to all manufacturers, service providers, and traders.

The procedure is totally online.

Turnover

GST registration becomes mandatory when the aggregate value of supply exceeds Rs. 20 Lakhs. The Ministry of Finance (MoF) simplifies the GST registration procedure to ease the tax filing process.

List of Required Documents

PAN card 

Aadhaar card

Business address proof

Bank account statement

Canceled cheque

Incorporation certificate

Digital signature

Director's ID proof, address proof, and photographs

Letter of Authorisation

Online GST Registration Fee

In the case of the online registration process, no fee is levied. The applicant has to upload the documents, and he will get ARN- Application Reference Number through e-mail or SMS.

Penalty

If you don't pay tax or pay less amount than what is due, the penalty of 10%  of the tax amount.

The minimum penalty is Rs. 10,000.

The penalty will be 100% of the tax amount if tax evasion is deliberate.

Timeline

GST registration usually takes 2-6 working days.

Multiple Registration

If a business is in more than one state, the taxpayer should obtain separate GST registration for each state.

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