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GST was implemented in 2016 under the Goods and Services Act. The main objective of this Act was to implement the idea of “One Nation One Tax” worldwide. It is levied on the sale of goods and services, GST replaces all taxes such as sales tax, service tax, and VAT. The GST registration process usually takes 7 working days. The BIzfoc professional Team can help you obtain GST registration faster in easy steps. Goods and Services Tax (GST) registration is a crucial process for businesses operating in countries that implement GST.
It involves obtaining a unique GST identification number (GSTIN) from the government, enabling businesses to collect tax on behalf of the government and avail input tax credit for the taxes paid on their purchases. GST registration ensures compliance with tax laws and enhances the credibility of the business. This process is mandatory for businesses exceeding a specified turnover threshold, and it facilitates smoother interstate trade by integrating various indirect taxes into a single, unified tax system. In India, 1.23 Crore
taxpayers are
registered under the GST.
GST Registration is a necessary process for a business whose threshold limit exceeds particular revenue in a financial year must register as a regular taxable person. It provides legal recognition, ensures compliance with tax and allows taxpayers to claim Input tax credits. GST makes the compliance of tax easy and increases the transparency of the tax collection. If any company fails to register under GST then it is an offence under GST and heavy penalties will be imposed. GST is a tax which is implemented throughout the world. It also offers many benefits such as claiming input tax credits and avoiding double taxation
Good and Service Tax Identification Number (GSTIN) is a unique 15-digit alphanumeric code that serves every taxpayer in Raigarh.
After completing the GST registration process, you can download the GST registration Certificate from the taxpayer dashboard. This certificate serves as an official confirmation of the government eligibility and benefits.
GST threshold limit refers to the maximum limit of financial year turnover, beyond which a person needs to register under the GST. It is necessary to understand the threshold limits of GST registration for all businesses to ensure compliance.
Types of Supply | Regular Category State | Special Category State |
---|---|---|
Goods and Service tax | ₹ 40 lakhs | ₹ 20 lakhs |
The GST threshold limit has two categories: regular state and special category states. The limit of regular state was increased from Rs. 20 lakhs to Rs. 40 lakhs. Special category states including Jammu and Kashmir, Uttarakhand, Himachal Pradesh, and the North-Eastern states, retain the limit of Rs. 20 lakhs.
GST registration process in Raigarh is of two-stage Part-A and Part-B:
For obtaining a GST registration certificate, the following documents are required depending upon the business category:
Kind of business | Documents |
---|---|
Sole proprietor / Individual: |
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Partnership firm/ LLP: |
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Hindu Undivided Families (HUFs): |
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Company (Public/ Private/ Indian/ foreign): |
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GST registration is mandatory for various types of businesses and individuals under the GST law. The following are required to register under GST:
There are no prescribed government fees for GST registration; it is free of cost. However, to save time and effort, consider engaging Bizfoc's professional team, who offer GST registration services with the following charges:
Particulars | Fees |
---|---|
Professional Charges | ₹ 1,499 + 18% GST |
To register under GST, you can get in touch with us. Bizfoc professional team members not only help you understand the process of GST but also save valuable time. We will complete the GST registration process within 7 working days.
The benefits of GST registration are numerous and include the following:
Once you complete the GST registration process, you can check the
status of your GST registration online in the following ways:
Once the application is submitted to the online portal you can track
the GST registration number by entering the ARN (Application Reference Number).
The taxable person/supplier who failes to get the GST registration once sales exceeds the threshold limit or start selling goods or providing services to other states need to get the GST registration. In case, taxable person/supplier fails to get the GST registration, he is liable to pay a pay penalty of ₹10,000 or tax evaded, whichever is higher.
If you want to do GST registration verification then you came at the right place as Bizfoc offers reliable GST registration service in Raigarh. We have qualified team members that have many years of experience in GST registration. Get in touch with us to register your business at an affordable price.
Obtaining GST registration is crucial for any business operating in Raigarh. It ensures legal compliance and provides access to benefits such as seamless input tax credit and enhanced credibility. The GST registration process, though straightforward, requires attention to detail and adherence to guidelines. By securing GST registration, businesses can streamline their tax processes, foster growth, and contribute to the economic development of the country.
After getting the GSTIN number, you can edit the information related to the place of business, bank account, authorised representative and state-specific details by visiting the GST portal and then need to fill an amendment application.
These documents are required for e-KYC: Aadhaar Enrolment Number, Passport, EPIC (Voter ID Card), KYC Form, Certificate Issued by Competent authority. The document needs to be uploaded in PDF or JPEG format. The maximum size should be 2 MB.
Yes, once your turnover exceeds the specified threshold limits, you need to apply for GST registration.
The following are not eligible for GST registration: Casual Taxpayers, Non-resident Foreign Taxpayers, Entities registered as Tax Collectors.
Advantages of GST registration include becoming a legally recognized supplier of goods and services, making GST payment, getting Input Tax Credits on goods or services purchased, and being able to supply goods/services to more than one state separate GST registrations are required for all states in India.
Small taxpayers can opt for the Composition Scheme under GST, which has lesser compliance for dealing with taxes. A trader who has an annual turnover of over Rs. 20 lakhs and up to Rs. 75 lakhs is eligible for the Composition scheme.
Yes, you can check the status of SRN on the GST Portal which was generated on submission of the registration application on the MCA Portal. Click on the services > track application status > Registration > Enter SRN > Search
In the case of proprietorship, you need to provide your PAN. For other business types, you need to upload the company PAN
TRN stands for Temporary Reference Number; it is a 15-digit reference number that is generated by completing Part A of the new registration. You will receive the TRN via SMS and Email.
No, it is not compulsory to add a bank account as it is optional and non-mandatory.
The GST credentials will be valid for 120 days.
GSTIN is a Goods and Services Tax Identification Number that is generated by completing part A of the GST registration form. It is a PAN-based 15-digit unique number.
Bizfoc is a reliable and affordable GST Registration services provider. With years of experience, our professionals will assist you in understanding all the procedures of GST registration.
Your application can't be rejected outright; tax officials may raise queries and seek clarification. You will have 7 days to respond to any Notice Seeking Clarification. Failure to provide a satisfactory response may result in rejection.
Yes, you can apply for GST while applying for the incorporation of the company on the MCA Portal.
Bizfoc offers affordable GST registration fees for just Rs. 1,499.
Bizfoc is a leading accounting firm specialising in a wide spectrum of services covering company registration in India, accounting, stock audits, GST, ESOP, FEMA, import export and income tax returns filing. Our outstanding teams excel across various industries, offering customised solutions that compare to none in quality.
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