Online GST Registration in India

Get legally recognized as a supplier with GST registration online

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What is GST Registration?

The Goods and Service Tax is the biggest indirect tax reform that blends in all the other taxes into one single tax structure. Under GST Regime, the goods and services are now taxed under a single law being Goods and Service Tax Laws. The taxes are levied at a single rate. The collection is then bifurcated between both Central and State Government in name of CGST and SGST or IGST.

Threshold Limit for Registration

The registration under GST is mandatory for the business entities based on the criteria of turnover or activities. The business dealing in goods and those providing service have to mandatorily apply for GST Registration if their aggregate turnover for a financial year exceeds Rs.40 Lakhs and Rs.20 Lakhs respectively. However, for business making supplies and providing services in the North Eastern States, the same is Rs. 20 lakhs and Rs. 10 lakhs respectively. Owing to its benefits, many dealers also obtain voluntary registration under GST.

The GST registration in India is completely an online process. GST Registration affirms a seamless flow of Input Tax Credit in addition to providing recognition as a registered supplier.

Benefits of GST Registration in India

Input tax credit and lower cost

Once the supplier of goods or services has obtained the registration under GST, he can take credit of the GST paid to the previous supplier concerning business activities. The decreased cost of inputs lowers the pricing of supplies. The registered GST supplier is also eligible to pass the ITC to the consumers.

Legally recognized as Supplier

Registration of LLP creates a separate legal identity than its partners. Governed by the LLP Act of 2008, it allows the business to contract with other entities, take legal action, own assets and borrow funds in the name of an LLP itself. It is a major advantage that is not available to a regular partnership firm.

Simplified and permanent registration

The online registration process is simplified with the assistance from LW experts. With the completion of registration process, the certificate is granted to the applicant stating the GST registration number, which is called GSTIN. The registration granted is permanent registration without any renewal requirement.

Easy compliance requirements

A key benefit of registering an LLP over a private company is lesser compliance requirement. It doesn’t have a mandatory audit requirement until a certain level of turnover or contribution. Unlike companies, compliances related to board meetings, statutory meetings, etc. do not apply to LLPs. Professional services for compliance are typically available at cheaper rates than that for companies, making it cost effective to maintain an LLP.

Documents Required for GST Registration Online

Digital Signature

DSC of Partners or Directors, in case of LLP and Company only

Entity’s PAN Card

A copy of PAN Card of business entity

Photograph

Copy of passport size photograph of the Proprietor/ Partners /Directors

PAN & Aadhar Card

Latest Electricity Bill/ Telephone Bill of the registered office address

Business Address Proof

No Objection Certificate to be obtained from the owner of registered office

Rent Agreement

If place is rented, rent agreement is mandatory, else consent letter is sufficient

Bank details

Latest Bank Statement/ Copy of cancelled cheque/ copy of first page of passbook

Certificate of Registration

Entity should provide registration certificate with MoA- AoA / LLP Agreement or Partnership Deed as applicable

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