Online GST
Registration

Any business in India, offering supply of goods with annual turn over of Rupees 40 lacs or suppply of service with annual turn over of Rupees 20 lacs would require the registration for GST. However that threshold in the States of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Puducherry, Sikkim, Telangana, Tripura and Uttarakhand is Rupees 20 lacs for supply of goods and in States of Manipur, Mizoram, Nagaland and Tripura is Rupees 10 lacs for of supply of services . Small businesses, having turnover below the threshold limit can, however, voluntarily opt to register. Also GST Registration is mandatory for businesses dealing in inter-state and ecommerce activities.

Goods and Services Tax (GST) is a comprehensive, value-added tax that has been implemented in India since July 1, 2017. It is a significant reform of the country's indirect tax system, and it replaces a number of taxes, such as VAT, sales tax, and excise duty. GST is levied on the supply of goods and services, and it is intended to create a single, unified market for the whole country.

One of the main objectives of GST is to simplify the tax system and reduce the compliance burden for businesses. Under the previous tax regime, businesses had to deal with a complex web of different taxes, each with its own rules and rates. This made it difficult for businesses to comply with the tax laws and resulted in a high level of tax evasion. GST aims to streamline the tax system and make it more transparent, which should help to reduce the compliance burden for businesses and increase the efficiency of the tax system.

Another key benefit of GST is that it is expected to boost economic growth by improving the ease of doing business in the country. By creating a single, unified market, GST should make it easier for businesses to operate across state borders and expand their operations. This should increase competition and lead to lower prices for consumers, which should stimulate demand and boost economic growth.

Business becomes 100% Tax Compliant and is legally recognized as supplier of goods or services

Business is legally authorized to collect tax from their customers and pass on the credit of the taxes paid on the goods or services supplied to the purchasers/ recipients.

Business can claim input tax credit of taxes paid on the purchases / procurements and can utilize the same for payment of taxes due on supply of goods or services.

Business can freely do interstate deals with no restrictions further increasing their customer base.

Business can register on e-Commerce marketplaces and portal slike Amazon, Flipkart etc.

Easy approval of mudhra loans as GST fillings will serve as a proof of transactions.

To apply gst online , one should meet the following criteria:

• You must be engaged in a business that supplies taxable goods or services
• Your annual turnover must exceed the GST registration threshold, which is currently Rupees 40 lakhs for most states, except for the states of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura, and Uttarakhand, where the threshold is Rupees 20 lakhs.
• You must have a valid PAN (Permanent Account Number) issued by the Income Tax Department.
• You must have a valid email address and mobile number.

In addition to the above criteria, certain types of businesses and individuals are required to register for GST even if their annual turnover is below the GST registration threshold. These include businesses that make inter-state supplies of goods or services, businesses that are engaged in e-commerce, businesses that are required to pay tax under the reverse charge mechanism, non-resident taxable persons, and casual taxable persons.

Document Required for Sole Proprietorship Concern

• PAN card of Proprietor
• Address Proof of Proprietor
• Address Proof of Business

Document Required for Partnership Concern

• PAN card of Partners
• Address Proof of Partners
• PAN card of Business
• Address Proof of Business

Document Required for LLP

• PAN card of Partners
• Address Proof of Partners
• PAN card of LLP
• Certificate of Incorporation
• Address Proof of LLP

Document Required for Private Limited Company

• PAN card of Directors
• Address Proof of Directors
• PAN card of Company
• Address Proof of Company
• MOA & AOA
• Resolution signed by board members

• Step 1: Visit GST Portal and select New Registration
• Step 2: Enter Taxpayer details as per the PAN. If you registering as Proprietorship enter your own name
• Step 3: Fill the OTP and proceed
• Step 4: Save the TRN received on the mail or phone
• Step 5: Login to the GST Portal using the TRN and OTP
• Step 6: Enter Business details like trade name and the constituency e.g LLP or Pvt.Ltd.
• Step 7: Enter details of the Partner or Director or Individual
• Step 8: Upload Identity proof and Address proof of the Partner or Director or Individual
• Step 9: Enter details about the Principal Place of Business
• Step 10: Upload Supporting documents for Principal Place of Business
• Step 11: Choose your business Jurisdiction as per CBEC
• Step 11: Upload authorized signatory docuemts if necessary
• Step 11: SUBMIT your form and save the ARN received in email and phone
• Step 11: Do Aadhaar verification

After successful registraion the CBEC issues a GST Certificate which contains a unique GSTIN along with Login credentials for the GST Portal. Now download the GST Certificate from GST Portal

Although the GST Portal has a very user friendly interface for GST application for non professionals but it still lacks a lot of information about the registration process. And instead of goggling and watching Youtube videos to find where to fill what, it is recommended to apply GST through a professional. We at Legalbae are a team of professionals who will not only apply for your GST application but also will help in the required procedures, filing your returns and completing other formalities in the portal.

GST is levied at different rates depending on the type of goods or services being supplied. In India, there are four GST rates: 5%, 12%, 18%, and 28%. Essential goods, such as food and medicine, are taxed at a lower rate of 5%, while luxury goods and services are taxed at a higher rate of 28%. There is also a special rate of 0% for some goods and services, such as exports and certain types of services.

For more information about GST Rates visit https://cbic-gst.gov.in/gst-goods-services-rates.html

Input Tax Credit or ITC is a mechanism that allows businesses registered for Goods and Services Tax (GST) to claim a credit for the GST paid on purchases or inputs used in their business operations. Essentially, it allows businesses to offset the GST they have paid on their inputs against the GST they are required to pay on their outputs.

The Input Tax Credit can be claimed on the GST paid on inputs, input services and capital goods, it can be claimed only when the GST return is filed by the supplier and the same is reflected in the GST return of the recipient.

Input Tax Credit can be claimed by the business in the GST return form, GSTR-3. The credit will be reflected in the electronic credit ledger of the business, which can then be used to offset the GST liability on the business's outputs.

A GST Certificate is a document issued by the CBEC (Central Board of Indirect Taxes and Customs), Govt. of India to the businesses registered under the Goods and Services Tax (GST). This certificate contains details such as the GST registration number, business name and address, and other relevant information. Businesses are required to obtain a GST certificate and show them in their principal place of business in order to legally charge and collect GST from customers.

GSTIN or GST identification number is a unique 15-digit number based on PAN alloted to the eligible taxpayers who has registered for GST by the CBEC. It is obtained as a part of the gst registration process and is received once the GST registration application has been approved by the GST Officer.

If a business is required to obtain GST registration but fails to do so, it may be subject to penalties.

In India, if a taxpayer is required to obtain GST registration but fails to do so, they may be subject to a penalty of up to 10% of the tax due or Rs. 10,000, whichever is higher. The penalty may touch 100% of the tax amount if found that the offernder has been deliberately evading taxes. Additionally, they may also be subject to a penalty of up to Rs. 50,000 for not obtaining registration within 30 days of becoming liable to do so.

A GST return is a form that businesses registered for GST are required to file with the government to report their taxable sales and purchases and pay their GST liability. GST returns are typically filed on a monthly or quarterly basis, depending on the business's GST registration status and turnover.

There are several types of GST returns that businesses may be required to file, depending on the nature of their business and the type of transactions they have undertaken. The main types of GST returns are:

• GSTR-1: This return is used to report the details of taxable supplies made by the business during a given period. It must be filed on a monthly or quarterly basis, depending on the business's turnover.
• GSTR-2: This return is used to report the details of the inputs (goods and services) received by the business during a given period. It must be filed on a monthly or quarterly basis, depending on the business's turnover.
• GSTR-3: This return is a summary of the details reported in GSTR-1 and GSTR-2, and it is used to calculate the business's GST liability. It must be filed on a monthly or quarterly basis, depending on the business's turnover.
• GSTR-4: This return is used by businesses registered under the GST Composition Scheme to report their GST liability on a quarterly basis.
• GSTR-5: This return is used by non-resident taxable persons to report their GST liability on a monthly basis.
• GSTR-6: This return is used by input service distributors to report the details of the input tax credit (ITC) distributed to their clients on a monthly basis.
• GSTR-7: This return is used by authorities deducting tax at source to report the details of the tax deducted on a monthly basis.
• GSTR-8: This return is used by e-commerce operators to report the details of supplies made through their platform on a monthly basis.

GST returns must be filed online through the GST Portal, and they are usually due by the 20th of the following month (or the following quarter, in the case of GSTR-4 and GSTR-6). It is important to file your GST returns accurately and on time, as failure to do so can result in penalties and fines.

Here are all the status of the GST Registraion Application Status

• Pending for Processing: This means a new GST Registartion application is successfully submitted and is awaiting a response from the Tax Officer.
• Pending for Clarification: This means a Tax Offcer is not satisfied with the documents provided with the GST Registration application, so he/ she has issued a SCN (Show Cause Notice) which contains all the discrepencies in the forms.
• Clarification filed– Pending for Order: This means that the applicant has successfully submitted clarifications against a SCN issued by a Tax Officer and is awaiting a response from the Tax Officer
• Clarification not filed – Pending for order: This means that the applicant has not filed any clarifications against the SCN issued by the Tax Officer within stipulated time and is awaiting a rensponse from the Tax Officer.
• Site Verification Assigned: This means a Officer is assigned for site verification.
• Site Verification Completed: This means the Site Verification Officer has submitted Site Verification report to the concerned Tax Officer and is awaiting response from the Tax Officer.
• Approved: This means GST Registraion Application has been approved and the applicant will shortly receive Registraion ID and password.
• Rejected : This means GST Registraion Application has been rejected by the Tax Offcer and a document containing the reason for rejection will be attached.
• Withdrawn: This means that the applicant has Withdrawn GST registartion application.

For more information about GST Rates visit https://cbic-gst.gov.in/gst-goods-services-rates.html

Here is a guide to check GST Application Status or GST Registration Status on the GST portal.

• Step-1: Visit the GST Portal or go to https://www.gst.gov.in/
• Step-2: Go to ‘Services’ > ‘Registration’ > ‘Track Application Status’.
• Step-3: Select Registration from the drop down list.
• Step-4: Enter the ARN or SRN number you received on submitting the GST Registration on your email ID. Also enter the Captcha code and click on Search.

A colorful timeline for your GST registration will be shown with Case History.

For more information about GST Rates visit https://cbic-gst.gov.in/gst-goods-services-rates.html

GST Return Filing refers to the process of submitting periodic tax returns to the government declaring the details of a business's sales, purchases, and tax liability. GST return filing is mandatory for all businesses registered for GST.

GST return filing is done online through the GST portal. Businesses are required to file several different types of returns, depending on their turnover, including:

• GSTR-1: This return is filed on a monthly or quarterly basis, and it contains details of all outward supplies (sales) made by the business during the period.
• GSTR-2: This return is filed on a monthly or quarterly basis, and it contains details of all inward supplies (purchases) made by the business during the period.
• GSTR-3: This return is filed on a monthly or quarterly basis, and it is an auto-populated return that consolidates the information in GSTR-1 and GSTR-2.
• GSTR-9: This return is filed annually, and it consolidates all the information from the monthly/quarterly returns filed during the year.

If a business fails to file GST returns on time, it may be subject to penalties. In India, late fees are INR 100 per day for GSTR-1 and GSTR-3 returns and INR 50 per day for GSTR-2 returns, subject to a maximum of INR 5000 for GSTR-1 and GSTR-3 returns and INR 2500 for GSTR-2 returns.