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Completely managed GST registration service until obtaining GSTIN with Expert Support.
About this Service :
| Market Price | : ₹ |
| IGLI FINANCIAL | : ₹846 excl. GST |
| : ₹999 incl. GST | |
| GST Credit | : ₹152 |
| You Save | : ₹653(44%) |
The Goods and Services Tax (GST) is a tax on goods and services consumed in India. GST is an indirect tax that has replaced many other indirect taxes in India, such as excise duty, VAT, and services tax. GST has been in force from 1st July, 2017 based on the Goods and Service Tax Act passed by the Indian Parliament on March 29, 2017.
Service Providers: Any person or entity who provides service of more than Rs.20 lakhs in aggregate turnover in a year is required to obtain GST registration. In special category states, the GST turnover limit for service providers has been fixed at Rs.10 lakhs.
Goods Suppliers: As per notification No.10/2019 any person who is engaged in the exclusive supply of goods whose aggregate turnover crosses Rs.40 lakhs in a year is required to obtain GST registration. To be eligible for the Rs.40 lakhs turnover limit, the supplier must satisfy the following conditions:
If the above conditions are not met, the supplier of goods would be required to obtain GST registration when the turnover crosses Rs.20 lakhs and Rs.10 lakhs in special category states.
Special Category States: Under GST, the following are listed as special category states – Arunachal Pradesh, Assam, Jammu and Kashmir, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura, Himachal Pradesh and Uttarakhand.
Aggregate Turnover: Aggregate turnover = (Taxable supplies + Exempt Supplies + Exports + Inter-State Supplies) – (Taxes + Value of Inward Supplies + Value of Supplies Taxable under Reverse Charge + Value of Non-Taxable Supplies).
Aggregate turnover is calculated based on the PAN. Hence, even if one person has multiple places of business, it must be summed to arrive at the aggregate turnover.
If any business in India is making sale of goods and services then in case of intra state transactions only means Rs. 20 lakhs are the limit and incase of interstate transactions then from Rs. 1 such business is liable to get the registration for GST and should possess a valid GST Number. How to GST Registration online is next good question and you will find the answer in upcoming paragraphs.
The following are some of the advantages of GST registration:
Bank Loans: GST registration and GST return filing serve as proof of business activity and create track record for a business. Banks and NBFCs lend to businesses based on GST return data. Hence, GST registration can help you formalize your business and get credit.
Supplier Onboarding: To become a supplier of reputed companies, GST registration is often times a must during the supplier onboarding process. Hence, GST registration can help you get more business.
eCommerce: GST registration is a must to sell online and through various platforms like Amazon, Flipkart, Snapdeal, Zomato, Swiggy, etc., Hence, having a GST registration will allow you to sell online.
Input Tax Credit: Entities having GST registration are eligible to collect GST from customer for the supply and offset the liability against GST taxes paid while purchasing various goods and services. Hence, GST registration can help you save on taxes and improve margins.
| Sole proprietor / Individual | |
| LLP and Partnership Firms | |
| HUF | |
| Company (Public and Private) (Indian and foreign) |
Apply GST registration and returns application online through IGLI FINANCIAL. Get help with GST registration procedure, eligibility and documents required and you’ll never have to remember the GST due date again. GST Registration online fees in India is zero. But you need to pay the professional fees for doing the GST Registration online process.
You will get a response from the department within 3 common working days on the status of your application. Tax authorities will either approve or raise a Notice?seeking clarification in case they found any discrepancies in the application or documents provided.
Paper-based application will not be accepted under the GST regime. It is mandatory to obtain a DSC or an Aadhaar card for E-Sign.
Any person who has started the process of registration but did not submit it, can access the last saved new registration application for a period of 15 days from the day when Transaction Reference Number (TRN) has generated.
In case of registration as a Non-Resident Taxable Person,?the law demands an advance deposit of tax based on the estimated turnover of the period for which the registration has to be made. Registration certificate, in this case, will be issued only after such advance deposit of tax in the electronic cash ledger.
When there is an inspection, raid, or detaining of vehicle by the enforcement wing of the GST authority, then the tax officials would demand the unregistered person, on whose name the enforcement has acted, to register under GST as Suo Moto Registration.
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