GST Registration in Pune

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GST Overview

Inspite of missing several timelines and shrouds of uncertainty, a path breaking indirect tax reform GST – Goods & Services Tax is here. To do good all the ills and deficiencies of existing value added taxation, GST was introduced.

GST is value added tax levied on manufacture, sale & consumption of goods & services. GST offers continuous chain of tax credits where taxing is only on the value added at each stage of supply chain. There is no tax on tax or cascading of taxes under GST system.

At each stage, credit of GST paid on purchase of goods and/or services can be availed and set off against GST payable on supply of goods and/or services. Ultimately only the last consumer bears the burden of GST charged by the last supplier in the supply chain.

India has dual GST model considering the federal structure of our country. Both Centre & States levy GST. Also GST extends to whole of India including the state of Jammu & Kashmir.

GST is destination based tax and compromises the following:

  • Central Goods & Service Tax (CGST) levied and collected by Central Government
  • State Goods & Service Tax (SGST) levied and collected by State Government
  • Union Territory Goods & Service Tax (UTGST) levied and collected by Union Territories without State Legislatures
  • Integrated Goods & Service Tax (IGST) levied and collected by Centre on inter-state supplies.

Threshold for Registration

All States & Union territory except Special Category States Special Category States
Mandatory GST registration if turnover exceed 20 Lakhs Mandatory GST registration if turnover exceed 10 Lakhs
Special Category States are Manipur, Mizoram, Nagaland & Tripura.

Turnover includes:

  • All domestic supplies except purchases on which reverse charge is payable
  • Exempt supplies
  • Export of goods and/or services
  • Inter-state supplies amongst branches having same PAN
  • Excluding CGST, SGST, UTGST and IGST
  • Registration is required only for that place of business from where taxable supplies are made.
  • Registration under GST needs to be taken State-wise. There is no centralized registration. A business having multiple branches across multiple States will have to take State-wise registration for the branches in different States.

In following cases registration is not required

  • Where supplies exclusively include goods exempt or not liable to GST
  • In case of agricultural supplies where produce is from land cultivation only.

Compulsory Registration

  • A person having no fixed place of business but makes taxable supplies in the course of furtherance of business
  • Person required to pay tax under reverse charge mechanism
  • E-Commerce operators : Mandatory registration is required for only those e-commerce operators who are required to collect tax at source.
  • Non Resident making taxable supplies in India
  • Person required to deduct or collect tax at source under GST whether registered under this Act or not
  • Person supplying on behalf of other taxable persons whether as an agent or otherwise
  • Input Service Distributor – Office of supplier receiving tax invoice for input service or goods in its name and distributes such tax credit to other supplier office having same PAN
  • Person supplying Online Information and Database Access or Retrieval Services from a place outside India to a person in India other that a registered person

Voluntary Registration:

A person whose turnover does not exceed the threshold limit or is not covered under compulsory registration criteria may voluntarily apply for GST registration. On such voluntary registration he has to pay tax on outward supplies even if his aggregate turnover does not exceed the threshold of 20/10 lakhs.

Benefits of Voluntary Registration

  • Where output tax rate is lower than input tax rate its beneficial to get registered and take refund of excess tax credit over tax liability
  • Many people tend to insist dealing with other registered business
  • Some contractors may want to register to avoid the awkwardness or shyness caused by revealing that their turnover is below the threshold limit.

Periodicity to apply for Registration

  • Person exceeding threshold or falling under compulsory registration criteria
    -Within 30 days from date on which he becomes liable for registration
  • Non Resident or Casual taxable person
    -Atleast 5 days prior to commencement of business>

Documents for Registration:

Document Type Legal Entity Document list
Valid PAN All GST registration is PAN based and hence it is mandatory to have a PAN
Contact details All Email Id
Indian mobile number
Proof of Business Registration Proprietor/HUF

Partnership firm/LLP

Company

Society/Trust/Club etc.
Shop Act or MSME registration certificate

Partnership/LLP deed

Certificate of Incorporation

Registration certificate
Address proof for place of business (Principal and Additional) All Owned Premises
Latest property Tax Receipt or copy of electricity bill

Rented or Leased Premises
Rent agreement or Lease deed; Latest property Tax Receipt or copy of electricity bill of rented premises; Consent letter or NOC of owner of property
Identity and address proof of promoters with photographs All Identity Proof
PAN/Passport/Driving license/Aadhar card/Voter’s Card

Address Proof
Passport/Driving license/Aadhar card/Voter’s Card/Ration Card/Latest Utility bill
Bank Account Proof All Scanned copy of cancelled cheque or first page of bank statement/passbook along with few latest entries and should clearly display Name of entity, Bank account number, Branch details, MICR and IFSC code
Digital Signature of authorized signatory, if available All A Class 2 Digital Signature is required and is mandatory for companies, LLP but not for any other entity
List of Authorised Signatories Proprietorship

HUF

Partnership Firm

LLP

Indian Company

Foreign Company

Foreign LLP
Proprietor

Karta

Managing/Authorised Partners

Designated Partners

Managing/Whole-time Directors

Authorised person in India

Authorised person in India

Amendment of Registration:

  • In case of change of particulars furnished in registration application, registered entity shall within 15 days of such change make an online application on portal along with relating documents
  • In case of change of constitution of business, the said business entity shall apply for fresh registration as the GST registration is PAN based and change in constitution would amount to change in PAN and hence would warrant new registration.

Cancellation of Registration:

Voluntary Cancelation Cancelation by Proper Officer
The registered person no more requires it The proper officer considers the registration liable for cancelation in view of defaults
In following cases:
  • Business discontinued
  • Business transferred
  • Amalgamation with other legal entities
  • Demerger
  • Disposal by any other mean
In following cases:
  • Business not been conducted from declared place of business
  • Invoices/Bills in violation of provisions of GST
  • Returns have not been filed for a continuous period of 6 months (consecutive 3 tax periods in case of composition levy)
  • Business not commenced within 6 months from date of voluntary registration
  • Registration obtained by fraudulent means
Registration should be cancelled within 30 days of occurrence of event warranting such cancelation.
Voluntary registration cannot be cancelled before 1 year of effective date of registration.
The liability to pay tax and other dues for any period prior to cancelation is not affected by cancelation of registration

Assessment in GST is mainly self-assessment by the tax payers themselves. The compliance verification is done by the department through scrutiny of returns, audit or investigation, thus it is more of documentary check rather than physical controls. Hence, obligation to maintain accounts & records is casted on taxpayer.

Every registered person shall keep and maintain all records at his principal place of business. In case of more than one place of business, all such places should have their respective records in place.

Types of Accounts & Records:

True & Correct accounts of following should be kept & maintained at principal place of business as appearing on registration certificate

  • Production/manufacturing details of goods
  • Inward & Outward supply of Goods and/or Services
  • Stock of Goods
  • Input tax credit availed
  • Output tax payable & paid
  • Other particulars as maybe prescribed

Every taxpayer is required to self-assess the taxes payable and furnish a return for each tax period. All the GST returns are to be filed electronically.

Form No. Type of taxable person Periodicity Due date Details to be furnished in the form/Special Points
GSTR-1 Every registered person
Except
  • Supplier of OIDAR services
  • Composition taxpayer
  • Non Resident taxable person
  • Input Service Distributo
  • Person deducting tax at source
  • E-Commerce Operator
Monthly 10th of the next month
  • Details of outward supplies of goods and/or services is furnished in this form.
  • Invoice wise details of inter-state & intra-state supplies to registered dealers;
  • Inter-state supplies to unregistered dealer with invoice exceeding INR 2,50,00/- for each rate of tax separately for each state
  • Intra-state supplies made to unregistered dealers for each rate of tax
  • Debit & credit notes issued during the month for any previous invoice
  • It cannot be filed between 11th to 15th of next month
  • Mandatory to file nil return even if no supplies effected during the month
GSTR-2 Every registered person
Except
  • Supplier of OIDAR services
  • Composition taxpayer
  • Non Resident taxable person
  • Input Service Distributo
  • Person deducting tax at source
  • E-Commerce Operator
Monthly (Currently Suspended) 15th of the next month
  • Details of inward supplies of goods and/or services is furnished in this form
  • The details in this form are auto populated from GSTR-1 filed
  • Not in use currently
GSTR-3 Every registered person
Except
  • Supplier of OIDAR services
  • Composition taxpayer
  • Non Resident taxable person
  • Input Service Distributo
  • Person deducting tax at source
  • E-Commerce Operator
Monthly (Currently Suspended) 20th of the next month
  • Details of inward/outward supplies of goods and/or services is furnished in this form
  • Mandatory to file nil return even if no supplies effected during the month
GSTR-3B Every registered person
Except
  • Supplier of OIDAR services
  • Composition taxpayer
  • Non Resident taxable person
  • Input Service Distributo
  • Person deducting tax at source
  • E-Commerce Operator
Monthly (Currently Suspended) 20th of the next month
  • This form is filed in lieu of Form GSTR-3 when the time limit for furnishing details in Form GSTR-1 & GSTR-2 has been extended
  • It is currently in use since Form GSTR-2 is not functional
  • Details of inward & outward supplies of goods and/or services, input tax credit availed, tax payable, tax paid are furnished in this form
  • Mandatory to file nil return even if no supplies effected during the month
GSTR-4 Composition taxpayer Quarterly 18th of the month next to relevant quarter
  • Details of turnover in state or union territory, inward supplies of goods and/or services, tax payable and tax paid are furnished in this form
  • Mandatory to file nil return even if no supplies effected during the month
GSTR-5 Non Resident taxable person Monthly 20th of next month or 7th day after the last day of validity of registration whichever is earlier
GSTR-5A Supplier of OIDAR services Monthly 20th of the next month
GSTR-6 Input Service Distributor Monthly 13th of the next month
GSTR-7 Person deducting tax at source Monthly 10th of the next month
GSTR-8 E-Commerce Operator Monthly 10th of the next month

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