How GST Registration Online Work? And Get GST Registration Online
GST Registration Online - An Overview
GST (Goods and Services Tax) is a single indirect tax valid throughout the country. This tax was introduced by the Government of India in 2017 under “one nation, one tax” reform. The chief aim was to unite various kinds of taxes into one. GST is a destination-based tax, which means it is levied where the goods and services are consumed and not where they are manufactured.
GST Registration Online
Online Legal Center offers GST registration service. You can simply contact the center and tell your requirement. The lawyer will contact you and help you in the entire process of GST registration. It usually takes 4-6 days for GST registration.
During the registration process, the taxpayer receives a PAN-based 15-digit GSTIN – Goods and Services Taxpayer Identification Number.
Who must register for GST?
- Casual taxpayer: Business holder who supplies goods/services occasionally and has no specific business location.
- No-resident tax payer: One who supplies goods/services with no fixed location of business in India.
- Inter-state tax payer: People who supply goods/services in different states.
- Input service distributors.
- E-commerce businesses.
- People who supply through e-commerce sites.
GST registration online is a must for businesses with an annual turnover of more than Rs. 40 lakhs (for goods), more than Rs. 20 lakhs (for services), or more than Rs. 10 lakhs as applicable. Businesses who are liable to register but do not register can face severe penalties, as it is an offence.
Documents required
- Aadhar Card
- PAN Card
- Business registration proof
- Address proof of business location
- Rent agreement in case business location is rented
- Cancelled cheque or bank account statement
- Letter of authorization
GST registration online can be done quicker when you have all the documents in place and an expert lawyer who specializes in business laws.
Benefits of registering for GST
- GST removes the cascading tax effect, as it brings all the taxes under one umbrella.
- Due to higher threshold for GST registration, it exempts a lot of small businesspeople and traders.
- The Government of India has provided a simple and hassle-free GST registration online
- Under GST, you need to pay only one unified return, thus, cutting down the number of returns a businessperson had to pay.
- Increased logistics efficiency, as people don’t have to keep multiple warehouses to escape multiple taxes anymore.
- GST has helped to regulate unorganized sector.
- GST has brought a defined treatment in the e-commerce world and removed all confusion and differential treatments.
Frequently Asked Questions (FAQs)
No. A person dealing with goods and services that are exempted from GST is not liable for registration even if their turnover is more than the prescribed limit.
GST registration online should be done within 30 days from the date of liability for registration.
GSTN – Goods and Services Tax Network – is a non-government and non-profit organization that handles the whole IT system of the GST portal. GST registration online becomes easier and quicker thanks to this portal.
Having a business lawyer by your side is beneficial for error-free, quick, and hassle-free registration. Lawyers from Online Legal Center can guide you thoroughly in each step of registration and give you the best legal advice.
Your goods and vehicle can be confiscated or detained. You cannot provide services. You cannot claim and transfer input tax credit. You must pay a fine of Rs. 10,000/- or the total amount of tax invaded – whichever is higher.
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