How to Apply GST Registration Certificate in 2023

What is GST Registration

Under the Goods and Services Tax (GST), businesses whose turnover exceeds the threshold of Rs 40 lakh or Rs 20 lakh or Rs 10 lakh will have to be registered as normal taxable persons. This is called GST registration.

For some businesses, registration under GST is mandatory. If the organization does business without getting registered under GST, then it is an offense under GST and a heavy penalty will be imposed.

GST registration usually takes 2-6 working days. Legaltax will help you in obtaining that GST Registration faster in 3 simple steps.

Who should Get the GST Registration

  1. Persons registered under pre-GST law (i.e., excise duty, VAT, service tax etc.)
  2. Business with turnover exceeding the limit of Rs. 40 lakh or Rs. 20 lakh or Rs. 10 lakh.
  3. Casual Taxable Person / Non-Resident Taxable Person
  4. Agent of a supplier and input service dealer
  5. Those paying tax under reverse charge mechanism
  6. A person who supplies through an e-commerce aggregator
  7. Every e-commerce aggregator
  8. Other than a registered taxable person,
  9. A person providing online information and database access or retrieval services from a place outside India to a person in India, other than a registered taxable person

When is GST registration mandatory in India?

  • Turnover Criteria:- All taxpayers whose annual turnover is more than ₹40 lakh are required to obtain a fresh GST registration. For supply of services, the turnover limit is ₹20 lakh.
  • Casual Taxpayer :- If you provide goods or services at events/exhibitions where you do not have a permanent place of business, you need to register online for GST before starting the business. Such dealers will have to pay GST on the basis of estimated turnover of 90 days.
  • NRI Taxpayer :- NRI taxpayer, who does not have a place of business in India, wants to start a business, he/she needs to apply for GST registration in India before starting an operator in India. The validity of new registration under GST is 90 days.
  • Agents of Suppliers and Input Service Distributors:- All Input Service Distributors who wish to pass on the benefit of Input Tax Credit are required to register for GST.
  • Reverse Charge:- The business which has to pay tax under reverse charge mechanism also needs to be registered under GST.
  • E-commerce portal:- Every e-commerce portal (like Amazon or Flipkart) that has multiple sellers selling their products is required to be enrolled under GST.
  • Interstate supplies: Businesses that are engaged in the supply of goods or services outside the boundaries of their state must be registered with the GST department. Such businesses are subject to Integrated Goods and Services Tax (IGST), which is converted from state to form into Integrated Goods and Services Tax.
  • Exports:- Exports in India are zero-rated supplies, so businesses engaged in exports must be registered under GST registration online.

Why does a business need GST registration?

GST registration not only helps in getting your business recognized as a legal registrant but also opens up many opportunities for your business. The benefits of an GST registered business are at a glance:-

  • Be more competitive:- You will be more competitive than your unregistered competitors because you will have valid tax registration.
  • Expand your business online:- You can use Flipkart, Amazon, Paytm, Shopify, or your website, you will need a GSTIN.
  • Can take Input Tax Credit: Only registered GST holders can take advantage of input GST tax paid on their purchases and save costs.
  • Can sell all over India without any restriction:- Without GSTIN you cannot do interstate business. This can be only possible if your business is registered under GST.
  • Apply for Government Tenders:- Various government tenders require GSTIN to apply for the tender. If you don’t have one, you may miss a business opportunity.
  • Open Current Bank Account:- Especially, in the case of sole proprietor business banks and financial institutions do not open a current bank account in the name of a business trade name unless you hold any government proof in the business name. A GST registration certificate can help you open a current bank account.
  • Dealing with MNCs:- Generally, MNCs do not get comfortable in dealing with a small type of business entity until they carry proof of valid tax registration.

GST Registration Apply Process

  1. Provide required business details and information on our web portal.
  2. Choose a package and pay online with various payment modes available.
  3. Upon ordering, your application will be assigned to one of our dedicated professionals.
  4. Our professionals will carefully check the correctness and accuracy of the documents and file the GST application form.
  5. Our professionals will regularly follow up with the government department for online processing of GST applications.
  6. Upon receipt of GSTIN, we will provide a GST Certificate and several e-guides on GST and GST Invoice Software.

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