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GST

 

GST Registration - Eligibility, Process and Expert Help

GST is the biggest tax reform in India, tremendously improving ease of doing business and increasing the taxpayer base in India by bringing in millions of small businesses in India. By abolishing and subsuming multiple taxes into a single system, tax complexities would be reduced while tax base is increased substantially. Under the new GST regime, all entities involved in buying or selling goods or providing services or both are required to obtain GST registration. Entities without GST registration would not be allowed to collect GST from a customer or claim input tax credit of GST paid or could be penalised. Further, GST registration is mandatory once an entity crosses the minimum threshold turnover of starts a new business that is expected to cross the prescribed turnover.

 As per the GST Council, entities in special category states with an annual turnover of Rs.10 lakhs and above would be required to obtain GST registration. All other entities in rest of India would be required to obtain GST registration if annual turnover exceeds Rs.20 lakhs. There are also various other criteria's, that could make an entity liable for obtaining GST registration - irrespective of annual sales turnover (Criteria for GST registration is provided below). Entities required to obtain GST registration as per regulations must file for GST registration within 30 days from the date on which the entity became liable for obtaining GST registration.

 

PNR Trade Solution is the leading business services platform in India, offering a variety of services like GST registration, GST return filing, private limited company registration, trademark filing and more. PNR Trade Solution can help you obtain GST registration in India and maintain GST compliance through a proprietary GST accounting software. The average time taken to obtain GST registration is about 5 - 10 working days, subject to government processing time and client document submission. Get a free consultation on GST registration and GST return filing by scheduling an appointment with an PNR Trade Solution Advisor

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ELIGIBILITY FOR GST REGISTRATION

Who need to apply for GST registration?

Upon Reaching Turnover of 20 Lakh:

If your current supply of goods or service is over Rs. 20 lakh, you need to obtain GST Registration (if your business operates exclusively in the North Eastern states, Rs. 10 lakh).

Inter-State Sales or Service provider:

Anyone supplying goods or services to another state, need to apply for GST regardless of turnover. Even online service provider serving customers in another State will instantly attract GST registration.

E-commerce operator:

Who owns, operates of manages digital platform for e-commerce. Eg: Flipkart, Amazon etc.

Vendors selling through Ecommerce Portals:

Persons who supply goods or services through ecommerce sites

Non- Residents & Importers:

Any Non-resident person or company supplying goods or services in India need to take the registration regardless of turnover.

Supplier of Online Information:

Any person supplying online information and database services from outside India to a person in India need to register irrespective of turnover

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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