GST Registration

Your Gateway to Tax Compliance

GST Registration

Simplifying Tax Compliance

Goods and Services Tax (GST) revolutionized India’s taxation system upon its introduction in July 2017. This unified tax regime aimed to streamline tax collection processes and enhance efficiency across businesses nationwide.

Types of GST Registration

Regular GST Registration

Mandatory for businesses with taxable supplies exceeding ₹40 lakhs (₹20 lakhs in special category states).

Casual Registration

For businesses operating periodically or seasonally, subject to a total annual income not exceeding ₹2 million.

Non-Resident Registration

Designed for Non-Resident Indians engaging in seasonal supply of goods or services, with an annual revenue below ₹20 lakhs.

Composite Registration for Goods

Applicable to businesses with annual revenue up to ₹1.5 crore, streamlining tax compliance under the Composition Scheme.

Composition Scheme for Service Providers

Offers a nominal tax rate option for service providers with an aggregate annual turnover up to ₹50 lakh.

Unlocking Growth Potential with a GST Registration

Penalty for not obtaining GST registration

An offender not paying tax or making short payments (genuine errors) has to pay a penalty of 10% of the tax amount due subject to a minimum of Rs.10,000.

The penalty will at 100% of the tax amount due when the offender has deliberately evaded paying taxes

Importance of GST Registration

Discuss why GST registration is essential for businesses operating in India. Highlight the legal obligation to register under GST for certain categories of businesses based on turnover, nature of operations, and other criteria.

Documents Required for GST Registration

PANof the Applicant
Aadhaar card, in case of individual.
Proof of business registration or Incorporation certificate
Identity and Address proof of Promoters/Partners/Director with Photographs
Address proof of the place of business
Bank Account statement/Cancelled cheque
Digital Signature
Letter of Authorization/Board Resolution for Authorized Signatory

Embracing the GST Registration Advantage

Take the First Step Toward Growth and Stability with Sandeep Nalla And CO

GST Registration