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What is GST Registration?

GST is an indirect tax in India that simplifies taxation on goods and services. Registration is mandatory for certain businesses, and non-compliance can result in penalties. It allows tax authorities to track transactions and ensures tax credit flow. Startup GST registration typically takes 2 to 6 working days via the official portal.

Services Provided by SNB Consultancy for GST Compliances

  • GST application filing
  • Securing GST Identification Number (GSTIN)
  • Documentation and eligibility support
  • Post-registration compliance guidance
  • Return filing and maintenance of compliance

Eligibility for GST Registration

  • Companies: Businesses with annual turnover above ₹40 lakhs (₹20 lakhs for special states).
  • Service Providers: Annual turnover exceeding ₹20 lakhs (₹10 lakhs for special states).
  • Exempt Entities: Businesses dealing only in GST-exempt goods/services are not required to register.
  • Migrated Businesses: Pre-registered entities under VAT, Excise, etc., must transition to GST.
  • Inter-State Suppliers: Businesses supplying goods across different states.
  • Casual Suppliers: Entities making occasional taxable supplies.
  • Reverse Charge Payers: Entities paying tax under the reverse charge mechanism.

GST Registration Turnover Limits

  • Voluntary Registration: Any business or individual can register regardless of turnover, but mandatory upon crossing thresholds.
  • Service Providers: Required for turnover exceeding ₹20 lakhs (₹10 lakhs for special states).
  • Goods Suppliers: Mandatory for turnover above ₹40 lakhs, provided they only supply goods, not services, and are not in restricted categories like ice cream, pan masala, or tobacco.
  • Other Businesses: Turnover threshold is ₹20 lakhs (₹10 lakhs for special states).
  • Special Category States: States like Arunachal Pradesh, Assam, and J&K have lower turnover limits.

Documents Required for GST Registration

For Public/Private Limited Company
  • PAN Card of the company
  • Certificate of Incorporation issued by MCA
  • MoA & AoA of the company
  • ID & Address Proof of directors and authorized signatory
  • Passport-sized photos of directors and signatory
  • Board Resolution appointing authorized signatory
  • Bank account details
  • Business address proof (Lease agreement/Utility bill)
For Sole Proprietorship
  • PAN Card of owner
  • Aadhar Card of owner
  • Passport-sized photo
  • Bank details
  • Business address proof
For Partnership Firm
  • PAN Card of all partners
  • Partnership Deed
  • Photographs of all partners & signatories
  • ID & Address Proof of partners (Aadhar, Passport, etc.)
  • Aadhar of authorized signatory
  • Letter/Resolution appointing signatory
  • Registration Certificate (for LLPs if applicable)
  • Bank details & Business address proof
For Hindu Undivided Family (HUF)
  • PAN Card of HUF
  • Passport-sized photo of Karta
  • ID & Address proof of Karta
  • Business address proof (Lease/Utility bill)

Benefits of GST Registration

  • For Regular Businesses: Avail Input Tax Credit (ITC) on purchases and conduct inter-state trade seamlessly.
  • For Composition Scheme Taxpayers: Lower compliance burden, reduced tax liability, and simplified filing.
  • For Voluntary Registration: Enables ITC claims and hassle-free inter-state business even below threshold.