GST Registration - Eligibility

Who Need to Register for GST

GST is the product of the biggest tax reform in India which has improved ease of doing Business and increasing the Taxpayer base in India by including millions of Small Businesses. The Tax complexitie would be reduce due to the abolishing and subsuming of multiple taxe into a single simple system.

New GST regime mandates that all entities involved in Buying/Selling Goods or providing service or both are required to Register and obtain GSTIN. Registration is mandatory once the Entity crosses a minimum threshold turnover or when an individual starts a New Business that is expected to cross the prescribed turnover.

Individuals registered under the PreGST law Listed below:

• Excise
• VAT
• Service Tax etc.

Businesses with turnover more than the threshold limit of Rupees 40 Lakhs - Rupees 10 Lakhs for North-Eastern States, Himachal Pradesh and Uttarakhand

Casual taxable person

Non Resident taxable person

Agent of a supplier - Input service distributor

Who paying tax under the reverse charge mechanism

Person who supplies via eCommerce aggregator

Every eCommerce aggregator

Person supplying online information and database access/retrieval service from a place outside India to person in India other than a registered Taxable Person

CBIC has notified the increase in threshold turnover from Rupees 20 lakhs to Rupees 40 lakhs. The notification will come into effect from 1st April 2019.

Aggregate Turnover

Any service provider who provides a service value of more than Rupees 20 Lakhs aggregate in a year is required to obtain GST registration. In the special category states, this limit is Rupees 10 lakhs. Any entity engaged in the exclusive supply of goods whose aggregate turnover crosses Rupees 40 lakhs is required to obtain GST registration.

Inter State Business

An entity shall register for GST if they supply goods inter state, i.e., from one state to another irrespective of their aggregate turnover. Inter state service providers need to obtain GST registration only if their annual turnover exceeds Rs. 20 lakhs. (In special category states, this limit is Rs. 10 lakhs).

eCommerce Platform

Any individual supplying goods or services through an e-commerce platform shall apply for GST registration. The individual shall register irrespective of the turnover. Hence, sellers on Flipkart, Amazon and other e-commerce platforms must obtain registration to commence activity.

Casual Taxable Persons

Any individual undertaking supply of goods, services seasonally or intermittently through a temporary stall or shop must apply for GST. The individual shall apply irrespective of the annual aggregate turnover.

Voluntary GST Registration

Any entity can obtain GST registration voluntarily. Earlier, any entity who obtained GST voluntarily could not surrender the registration for up to a year. However, after revisions, voluntary GST registration can be surrendered by the applicant at any time.

GST Registration Details

GST Registration is a 19 step process which involve submission of many Business Details and Scanned Document. For Goods Services and Tax (GST) Registration services. Easy Steps to complete with GST Registration.

Not Registered Under GST

Offender not paying tax or making short payment - genuine errors has to pay a penalty of 10% of the tax amount due to subject a minimum of Rupees - 10000 (Ten Thousand).

The Penalty will at 100% of tax Amount Due when the offender has deliberately Paying Taxes