Asktrix

Complete Guide to GST Registration in India with Asktrix

Goods and Services Tax (GST) is a comprehensive tax levied on the supply of goods and services across India. It replaces multiple indirect taxes and creates a unified tax system. Asktrix provides expert assistance for GST registration, ensuring a smooth and compliant process for your business.

What is GST?

GST (Goods and Services Tax) is a destination-based tax levied on the supply of goods and services. It was introduced in India on July 1, 2017, to replace multiple indirect taxes like VAT, Service Tax, Excise Duty, etc. GST is governed by the CGST Act, SGST Act, and IGST Act.

GST is collected at each stage of the supply chain, from manufacturer to consumer, with credit for taxes paid at previous stages available as input tax credit. This eliminates the cascading effect of taxes and creates a more efficient tax system.

Why Choose Asktrix for GST Registration?

  • Expert Assistance: Our team of tax professionals ensures accurate and timely GST registration
  • Fast Processing: We expedite the registration process to get your GSTIN quickly
  • Transparent Pricing: No hidden charges, clear pricing structure for all services
  • Post-Registration Support: Ongoing assistance with GST compliance and return filing

Key Features of GST

  • Single Destination: One tax system replacing multiple indirect taxes
  • Input Tax Credit (ITC): Credit for taxes paid on inputs can be claimed
  • Digital Compliance: Online registration, filing, and payment system
  • Destination-Based Tax: Tax is levied at the place of consumption
  • Reduced Cascading Effect: Elimination of tax on tax through ITC mechanism

Types of GST Registration

Regular Registration

For businesses with annual turnover above the threshold limit (₹20 lakhs for goods, ₹10 lakhs for services in special category states).

Composition Scheme

For small businesses with turnover up to ₹1.5 crores, offering simplified compliance with lower tax rates.

Casual Taxable Person Registration

For businesses that occasionally supply goods/services in a state where they don't have a fixed place of business.

Non-Resident Taxable Person

For foreign businesses supplying goods/services in India without a fixed place of business.

Documents Required for GST Registration

  • PAN Card: Permanent Account Number of the business entity
  • Aadhaar Card: Identity proof of authorized signatory
  • Proof of Business Registration: Certificate of incorporation, partnership deed, etc.
  • Address Proof: Electricity bill, rent agreement, or property documents
  • Bank Account Details: Bank statement or cancelled cheque
  • Digital Signature: Class II or Class III digital signature certificate

Eligibility Criteria for GST Registration

  • Annual Turnover Threshold: Businesses with turnover above ₹20 lakhs (₹10 lakhs for special category states)
  • Inter-State Business: Mandatory registration regardless of turnover
  • E-commerce Operators: Required to register under GST
  • Casual or Non-Resident Taxable Person: Must register before commencing business

Step-by-Step GST Registration Process with Asktrix

Our streamlined process ensures quick and hassle-free GST registration:

1

Create a GST Portal Account

We help you create an account on the GST portal and verify your mobile number and email address. Ensure you have valid contact details.

2

Fill in Business Details

Complete the GST registration form with accurate business information, including PAN, business name, address, and nature of business activities.

3

Upload Required Documents

Upload all necessary documents including PAN card, address proof, bank account details, business registration documents, and digital signature certificate.

4

Verify Information and Documents

Review all entered information and uploaded documents to ensure accuracy and completeness before proceeding with submission.

5

Submit Application with Digital Signature

Submit the application with digital signature and await verification from GST authorities. Track application status regularly.

6

Receive GSTIN and Start Compliance

Upon approval, receive your GST Identification Number (GSTIN) and begin your GST compliance journey with our ongoing support.

GST Rules and Regulations

Invoicing Requirements

GST-registered businesses must issue tax invoices with specific details including GSTIN, HSN/SAC codes, and tax amounts.

Tax Collection and Payment

GST must be collected from customers and paid to the government within the prescribed time limits.

Filing of Returns

Regular filing of GST returns including GSTR-1, GSTR-3B, and annual return GSTR-9.

Maintenance of Records

Proper maintenance of books of accounts and records as per GST law requirements.

Compliance Requirements After GST Registration

  • Monthly/Quarterly Return Filing: Regular filing of GSTR-1 and GSTR-3B returns
  • Annual Return Filing: Submission of annual return GSTR-9
  • Invoice Management: Proper invoicing with GST details
  • Input Tax Credit Claims: Timely claiming of ITC on eligible purchases

Benefits and Government Schemes for GST-Registered Businesses

  • Input Tax Credit (ITC) Claim: Reduce tax liability by claiming credit on purchases
  • Legal Recognition: Enhanced credibility and legal standing in the market
  • Simplified Compliance: Single tax system reducing compliance burden
  • Promotes Formalization: Encourages formal business practices
  • Government Schemes: Access to various government incentives and schemes
FAQ

Frequently Asked Questions

Find answers to common questions about GST registration, eligibility, documents, process, benefits, costs, and timelines.

What is the GST registration threshold?

The GST registration threshold is ₹20 lakhs for goods and ₹10 lakhs for services in special category states. For regular states, it's ₹20 lakhs for both goods and services.

How long does it take to get a GSTIN?

Typically, GST registration takes 3-7 working days after submission of complete documents and information. With Asktrix's expert assistance, the process is expedited.

Can a non-resident register for GST?

Yes, non-resident taxable persons can register for GST if they supply goods or services in India without having a fixed place of business.

What is the penalty for late GST registration?

Late registration attracts a penalty of ₹10,000 or 10% of tax due, whichever is higher. It's advisable to register within 30 days of becoming liable.

Is GST registration mandatory for e-commerce?

Yes, e-commerce operators must register for GST regardless of turnover. Sellers on e-commerce platforms also need GST registration if their turnover exceeds the threshold.

What is the composition scheme under GST?

The composition scheme is for small businesses with turnover up to ₹1.5 crores, offering simplified compliance with lower tax rates (1-6% depending on business type).

Can I claim input tax credit without GST registration?

No, only GST-registered businesses can claim input tax credit. Unregistered businesses cannot claim ITC on their purchases.

What documents are required for GST registration?

Required documents include PAN card, Aadhaar card, business registration proof, address proof, bank account details, and digital signature certificate.

How does Asktrix help with GST compliance?

Asktrix provides comprehensive GST services including registration, return filing, compliance management, and ongoing support to ensure your business stays GST compliant.

What are the GST return filing requirements?

GST-registered businesses must file monthly returns (GSTR-1, GSTR-3B) and annual return (GSTR-9). Quarterly returns are available for composition scheme taxpayers.

GST registration is a crucial step for businesses in India. With Asktrix's expert guidance and support, you can ensure smooth GST registration and compliance, allowing you to focus on growing your business while we handle the regulatory requirements.

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