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GST Registration

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Certificate of Incorporation

PAN card of Company

Articles of Association, AOA

₹1999/- Only
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Application filed, ARN generated

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GST (Goods and Service Tax) - Overview

The Goods and Services Tax (GST) is a type of tax on the consumption of goods and services in countries, collected by businesses from consumers and paid to the government.It was introduced officially in India on 1 July 2017, replacing the earlier system of multiple taxes, such as excise duty, service tax, and value-added tax (VAT).

The 101st Constitutional Amendment / One Hundred and First Amendment Act, 2016 of the Constitution of India is a significant piece of legislation that has had a prominent impact on the Indian economy. It was passed in 2016 to introduce the Goods and Services Tax (GST), a value-added tax (VAT) that has simplified the tax system and boosted economic growth. This constitutional amendment was introduced as a nationwide Goods and Services Tax (GST) concept in India.

GST registration is mandatory for all businesses with an annual turnover of more than ₹40 lakhs (₹ 20 lakhs for businesses in special category s

What is GSTIN?

GSTIN stands for Goods and Services Tax Identification Number. It is a unique 15-digit number assigned to every taxpayer registered under the GST regime in India. The GSTIN is used to identify taxpayers and to track their transactions.

The GSTIN is structured as follows:

  • The first two digits represent the state code.
  • The next ten digits are the PAN card number of the taxpayer.
  • The thirteenth digit is an entity code used to distinguish between different types of taxpayers.
  • The fourteenth digit is a fixed alphabet ‘Z’.
  • The fifteenth digit is a check digit, which is used to verify the accuracy of the GSTIN.

What is a GST Certificate?

A GST certificate is a document issued by the Government of India to a taxpayer or entity that has registered under the GST system. It is proof of registration and authorises the taxpayer to collect GST from customers on behalf of the government.

The GST certificate contains the following information:

  • GST Identification Number (GSTIN)
  • Name of the taxpayer
  • Address of the taxpayer
  • Date of registration
  • Type of registration (regular, composite, or non-resident)
  • Business category
  • Signature of the authorised officer

Who Needs a GST Registration Service?

  • Any individual or business entity that carries out taxable supplies of goods or services
  • Annual turnover of the business exceeds the prescribed threshold limit (currently ₹20 lakhs for most businesses)
  • E-commerce operators that facilitate the supply of goods and services through their platform
  • Non-resident taxable persons who occasionally supply goods or services in India
  • Businesses that are involved in inter-state supply of goods or services
  • Input service distributors who distribute input tax credit to their branches or units
  • Casual taxable persons who supply goods or services occasionally in India
  • Businesses that were previously registered under the old tax regime (VAT, Service Tax, etc.) and have migrated to GST.

Benefits of GST Registration for Individuals and Businesses

  • Avail input tax credit: Registered businesses can claim input tax credit (ITC) on the GST paid on their purchases of goods and services. This reduces the overall tax burden on the business and makes it more competitive.
  • Conduct interstate business without restrictions: Registered businesses can freely conduct interstate trade without any restrictions. This is a major advantage for businesses that operate in multiple states.
  • Easily register on online & e-commerce websites: Many online and e-commerce websites require businesses to be GST-registered in order to sell their products and services.
  • Get a competitive advantage compared to other businesses: GST registration is a sign of business credibility and reliability. It can give businesses a competitive advantage over unregistered businesses.
  • Be eligible for several government benefits: Registered businesses are eligible for several government benefits, such as tax breaks, subsidies, and loans.
  • Composition scheme: Small businesses with an annual turnover of up to Rs. 1.5 crore can opt for the GST composition scheme. This scheme allows businesses to pay a fixed rate of GST on their turnover instead of having to calculate and pay GST on each individual transaction. This can simplify tax compliance for small businesses.
  • Higher threshold for registration: Businesses with an annual turnover of up to Rs. 40 lakh are not required to register for GST. This is a relief for small businesses, as it reduces their compliance burden.
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