CA CS Prabhjot Kaur

GST Registration

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GST Registration

GST (Goods and Services Tax) Registration is essential for businesses operating in India that meet certain turnover thresholds or engage in specific types of transactions. Choosing to register under GST brings a range of legal, operational, and financial benefits. One of the primary reasons to obtain GST registration is to ensure legal compliance. It is mandatory for businesses with an annual turnover exceeding ₹40 lakhs (₹20 lakhs for services or lower limits for special category states) and for those involved in inter-state supply, e-commerce, or import/export activities.

GST registration enhances a business’s credibility and trustworthiness among customers, vendors, and government authorities. A registered business can issue proper tax invoices, claim Input Tax Credit (ITC) on purchases, and pass on the tax benefit to customers, making the business more competitive.

GST Registration in India – A Complete Guide

✅ What is GST Registration?

GST (Goods and Services Tax) Registration is a mandatory process for businesses whose turnover exceeds the threshold limit specified under GST laws. It allows the business to collect GST from customers and pass on the credit of the taxes paid on purchases. Once registered, a unique GSTIN (Goods and Services Tax Identification Number) is allotted to the business.

📌 Who Needs GST Registration?

  • You must register under GST if:
  • Your annual turnover exceeds:
  • ₹40 lakhs (Goods – Normal States)
  • ₹20 lakhs (Services – Normal States)
  • ₹10 lakhs (Special Category States)
  • You are involved in inter-state supply of goods
  • You run an e-commerce business
  • You are an agent or supplier on behalf of another registered taxpayer
  • You are an Input Service Distributor (ISD)
  • You are liable to pay reverse charge

📝 Documents Required for GST Registration

For Proprietorship:

  • PAN card of the owner
  • Aadhaar card
  • Passport-size photo
  • Address proof (electricity bill/rent agreement/NOC)

For Partnership/LLP:

  • PAN card of firm/partners
  • Partnership deed / LLP agreement
  • Address proof of business
  • Partner’s ID & address proof

For Company:

  • PAN of company
  • Certificate of incorporation
  • MoA & AoA
  • Authorized signatory ID proof
  • Address proof of business

📦 Types of GST Registration

📦 Types of GST Registration

  • Regular Taxpayer
  • Composition Scheme
  • Casual Taxable Person
  • Non-Resident Taxable Person
  • E-commerce Operator

⚙️ GST Registration Process

1. Online Application on GST Portal

2. Submit Required Documents

3. Verification by GST Officer

4. GSTIN Allotment upon Approval

⏰ Timeframe & Penalty

  • Processing Time: 5–7 working days
  • Penalty: ₹10,000 or 10% of tax due (whichever is higher) for not registering on time

💡 Benefits of GST Registration

  • Legal recognition of your business
  • Input tax credit on purchases
  • Easier interstate trade
  • Enhance brand trust
  • Participate in government tenders