What is GST Registration?

    GST is Goods and Service Tax. Multiple taxes are clubbed under GST and thus the cascading of taxes that has prevailed in the past will no longer be the case. GST Registration is critical because it will enable to avail various benefits that are available under the GST regime. One such benefit is to avail seamless input tax credit. Also, timely registration will help you avoid any kind of interface with tax authorities.

    GST is an Indirect tax. It is a destination based tax on consumption of goods and services. GST is levied at all stages right from manufacture up to final consumption with input credit paid at previous stages. Hence, only value addition will be taxed and burden of tax is to be borne by the final consumer.

    What is Goods and Services Tax Identification Number (GSTIN)

    Goods and Services Tax Identification Number (GSTIN) is an identification number which is assign to each Firm or Company or Individual registered under the GST Act. Its a 15 digit unique tax identification number. The first two digit show the state code & another next 10 digit show the pan number of the entity or person. Apart from this next 1 number show the entity code & another 2 number are random.

    Taxable Person under GST

    A ‘taxable person’ under the GST is someone who conducts his/her business in India and is registered or requires registration under the GST Act. A taxable person can be anyone including individual, HUF, Company, Partnership Firm, LLP, any Corporation or Government company, Body Corporate incorporated under the laws of a Foreign Country, Co-operative Societies, Local Authorities, Governments, Trusts, or an Artificial Person.

    GST registration can be voluntarily obtained by any person or entity irrespective of turnover. However, the following person require mandatory GST registration:

    1. Those registered under the pre-GST law (Excise, Service Tax, VAT, etc.)
    2. Any business involved in the supply of goods whose turnover in a financial year exceeds Rs.40 lakhs for Normal Category states (Rs.20 lakhs for Special Category states)
    3. Any business involved in the supply of services whose turnover in a financial year exceeds Rs.20 lakhs for Normal Category states (Rs.10 lakhs for Special Category states)
    4. Those who pay tax under reverse charge mechanism
    5. Person making inter-state supply of goods and services
    6. Person engaged in supply of goods and services via e-commerce operators
    7. E-commerce aggregators
    8. Casual Taxable Person
    9. Non-Resident taxable person
    10. Input Service Distributor
    11. Entities involved in provision of online information or retrieval services or database access, from overseas location to a person within India, other than a registered taxable person.

    Who is a Casual Taxable Person under GST?

    A person who occasionally supplies goods and/or services in a territory where GST is applicable but he does not have a fixed place of business. Such a person will be treated as a casual taxable person as per GST.

    Who is a Non-Resident Taxable person under GST?

    When a non-resident occasionally supplies goods/services in a territory where GST applies, but he does not have a fixed place of business in India. As per GST, he will be treated as a non-resident taxable person. It is similar to above except the non-resident has no place of business in India.

    Who is an Input Service Distributor?

    ‘Input Service Distributor’ means an office of the supplier of goods/services which receives tax invoices on receipt of input services and issues tax invoices for the purpose of distributing the credit of CGST/SGST/IGST paid on the said services to your branch with the same PAN. (It must be a supplier of taxable goods /services having the same PAN as that of the office referred to above).

    Thus, only credit on ‘input services’ can be distributed and not on input goods or capital goods. This will be a new concept for assessees who are currently not registered as input service distributors. However, this facility is optional in nature.

    Who is a composition taxpayer?

    A composition taxpayer refers to those registered under the composition scheme who need not collect GST from their customers at normal rates. Instead, a composition taxpayer can pay tax at a nominal rate or lower rates to the government on the basis of turnover or receipts on a quarterly basis.

    Only suppliers with annual turnover upto Rs.1.5 crore of goods can opt into the composition scheme. Service providers are also given an option to join a similar scheme. The annual aggregate turnover limit must be up to Rs.50 lakh.

    Penalty for not getting GST Registration.

    Failure to register under GST will result in a fine of Rs. 10,000. In addition, the Input Tax Credit during the delay period will be lost.

    Types of Goods & Service Tax in India?

    Different type of GST are given below:

    Central GST (CGST)

    CGST is the tax imposed on the Intra State supplies of goods and services by the Central Government. When the place of the seller and the buyer is in the same state it is termed as an Intra-state supply of goods or services. Here, a seller has to collect both CGST and SGST in which CGST remains with the Central government while the SGST is collected by the State government.

    State GST (SGST)

    SGST is the tax levied on the Intra State supplies of goods and services by the State Government.

    Integrated GST (IGST)

    Integrated GST is governed by the IGST Act, where the seller has to collect IGST from the buyer, and the tax collected will be divided between the Central and State Governments.

    Union Territory GST

    Union Territory GST is applicable when any goods and services are used in the Union territories (UTs) of India and the revenue is collected by the government of union territory.



    (*) Important Note- The Consultant Guru is NOT an agency/representative/franchise of Govt. of India. We are a private organisation, our services and charges are private and advisory in nature. Government does not charge any fees for GST registration.

    How We Work

    Consult Our Experts

    Once you fill in the above details, our expert will call you to understand your requirements in a better way and to brief you about the entire registration process and suggest you the course of action. Upon confirmation of our engagement by you, we will dedicate you a relationship manager who will take care of all your needs.

    Send Documents Via Email

    We at The Consultant Guru, work towards minimizing the hassles of the client, keeping this moto in mind our executives will give you a single check list of documents needed so that we don’t bother you time and again for documents. In case you are short of a few documents, our consultants help you to provide us the maximum possible alternative documents.

    Payments & Filings

    We believe in the moto of “Pay as we work”. This requires you pay us step by step in 2 tranches instead of giving the whole sum in one shot. The Consultant Guru facilitate payments through secure online payment gateway. After successfully providing the set of documents and partial payment, our experts will start working and provide with regular updates. You will only be required to pay the final sum upon receiving the Certificate of Registration.