Online GST Registration India

Goods and Service Tax registration India (GST) is an indirect tax levied on the supply of goods and services. This law has replaced many indirect tax laws that previously existed in India. GST is one indirect tax for the entire country. Use India’s preferred GST Registration partner to complete your GST Registration online in minutes. Also get support with filing and tax credits post-registration. Make your growing business GST Compliant!

How Does Online GST Registration India Work For You?

Any business offering sale of goods with annual turn over of 40 lacs or service with annual turnover of 20 lacs would require the registration for GST and have a valid GST Number.

We help you get a Secure GST Identification Number.

We make it easy for you to get your GST from the comfort of your own home.

We will file your returns and complete all other compliances as and when required.

What is Online GST Registration India?

Online GST Registration India (GST), launched on July 1 2017, applies to all Indian service providers (including freelancers), traders and manufacturers. The GST is an all-in-one tax that subsumes a variety of state (VAT, Entertainment Tax, Luxury Tax, Octroi) and central taxes (CST, Service Tax, Excise Duty). GST is to be charged at every step of the supply chain, with full set-off benefits available. The procedure for GST is entirely online and requires no manual intervention.

GST is a comprehensive, multi-stage, destination-based tax that is levied on every value addition. Every product goes through multiple stages along the supply chain, which includes the purchasing of raw materials, manufacturing, sale to the wholesaler, selling to the retailer and then the final sale to the consumer. GST will be levied on each of these stages (including value addition) and at the point of consumption, rather than the origin of the product. For example, if the product is produced in Tamil Nadu but consumed in Karnataka, then the entire tax revenue will go to Karnataka instead of Tamil Nadu.

Also, taxpayers with a turnover of less than Rs.1.5 crore can opt for composition scheme to get rid of tedious GST formalities and pay GST at a fixed rate of turnover.

What are the components of GST Filing?

GST Filing has 3 tax components, which includes a central component (Central Goods and Services Tax or CGST) and a state component (State Goods and Services Tax or SGST) where centre and state will levy GST on all entities, i.e. when a transaction happens within a state. Inter-state transactions will attract the Integrated Goods and Services Tax (IGST), to be levied by the centre, i.e. when a transaction happens one state to another.

What is the input tax credit?

Input credit means at the time of paying tax on output, you can reduce the tax you have already paid on inputs.

You pay taxes on the purchase when a product is purchased from a registered seller, and when you sell the product, you too collect the tax. With input credit, you can adjust the taxes paid at the time of purchase with the amount of tax on sales (output tax) and pay the balance liability of tax, i.e. tax on sale minus tax on the purchase, to the government.

Who needs a GST Registration?

Every business or corporation who is involved in the buying and selling and good of services needs registration for GST. It is mandatory for companies whose turnover is more than Rs.20 lakhs (for supply of services) and Rs. 40 lakhs ( for supply of goods) yearly to register for a GST. All businesses making interstate outward supplies of goods have to register for a GST too. The same applies to businesses making taxable supplies on behalf of other taxable persons, example Agents and Brokers. Also, as per the recent notification, e-commerce sellers/aggregators need not register if total sales are less than Rs.20 lakhs.

Agents of a supplier & Input service distributor
Person who supplies via e-commerce aggregator
Individuals registered under the Pre-GST law
Businesses with turnover above the threshold limit of Rs. 40 Lakhs
Every e-commerce aggregator

What is GSTIN?

The Goods And Services Tax (GST) Registration services at Tesla Digital helps you to get your business GST registered and obtain your GSTIN. GSTIN is a unique identification number given to each GST taxpayer. To verify a GSTIN number a person who has a GST number can log onto the GST portal.

What is the GSTN (Goods and Service Tax Network)?

The Goods and Service Tax Network (or GSTN) is section 8 (non-profit), non-government, private limited company. GSTN is a one-stop solution for all your indirect tax requirements. GSTN is responsible for maintaining Indirect Taxation platform for GST to help you prepare, file, rectify returns and make payments of your indirect tax liabilities.

What is a GST Return?

A GST Return is a document containing details of income that is required to be filed as per the law with the tax authorities. This is used by tax authorities to calculate tax liability.

Under GST, a registered dealer has to file GST returns that include:

Purchases
Sales
Output GST (On sales)
Input tax credit (GST paid on purchases)

Under the GST law, a taxpayer has to submit two returns on a monthly basis and one such return annually. All returns have to be filed online. Please note that there is no provision for revising the returns. All invoices for the previous tax period that went unreported must be included in the current month.

Under GST, a registered dealer has to file GST returns that include: Purchases, Sales, Output, GST (On sales) and Input tax credit (GST paid on purchases).

Why Tesla Digital ?

Some of the best reasons to choose us are:

Easy to get GST registration and GST Identification Number online.
No hassle compliances as we completely take control of them.
All your returns will be filed duly.

Our legal representatives are available to explain the whole process and clear any queries you may have. Although the GST portal has a user-friendly interface, the GST Forms have a lot of complex fields. Hence, it is highly recommended that you seek the help of a professional for submitting the application, the required procedures, filing your returns and completing other formalities in the portal.

What are the GST tax rates?

Items that are considered basic necessities come under exempt list i.e. they are not taxed.
Household necessities and life-saving drugs etc. are taxed at 5%.
Products like computers and processed food are taxed at 12%.
Hair oil, toothpaste and soaps, capital goods, industrial intermediaries and services are taxed at 18%.
Luxury items are taxed at 28%.

You can see the tax rates for all the products here: https://cbec-gst.gov.in/gst-goods-services-rates.html Check out the GST calculator which comes in handy to calculate the Goods and Service Tax using different slabs.

Mandatory documents for Online GST registration India

The list of documents required for registration of GST for various business are as follows:

Proprietorship

Owner’s address proof
Owner’s PAN card
Owner’s Aadhaar card
Owner’s photograph
Proof of address
Bank account details

LLP

PAN Card of LLP
Bank Details
Photographs
LLP Agreement
Partners’ names and address proof

Private Limited Company

Certificate of Incorporation
PAN Card of Company
Articles of Association, AOA
Memorandum of Association, MOA
Resolution signed by board members
Identity and address proof of directors
Digital Signature

GST Return Filing

A GST Return Filing is a return document that contains details of the income of the taxpayer. It has to be filed with the GST administrative authority. The document is used tax authorities to calculate the tax liability of a GST taxpayer. A GST Return Filing form has to include the following details.

Output GST (On sales)
Sales
Input tax credit (GST paid on purchases)
Purchases

For filing a GST Return, you need to have GST compliant sales and purchase invoices attached.

Voluntary Registration Under GST (For Companies With A Turnover Below Rs.20 Lakhs)

Any small business with turnover less than 20 lakh can voluntarily register for GST even though it is not compulsory by law. Voluntary GST registration has its own advantages and some of them are:

Take input credit: In GST, there is a flow of input credit right from manufacturers of the goods till the consumers, across the country. Input credit means a taxpayer while paying tax on output can deduct the tax that has already been paid on inputs and pay only the remaining amount. Voluntarily registered businesses can increase their margins and profits through this.
Do inter-state selling with no restrictions: SMEs can increase the scope of their businesses and find prospective customers and explore online platforms
Register on e-commerce websites: SMEs can widen their market by registering through e-commerce sites.
Have a competitive advantage compared to other businesses.

Preparation of GST application

One of our GST representatives will collect all the required documents and process the GST application through the iCFO platform.

Application Filing

Once all the documents are collected, the application will be processed and filed. Then immediately the ARN number will be issued.

GST Registration Certificate

The GST registration certificate and GSTIN will be issued upon verification of GST application and other mandatory documents by the GST officer. Be aware that no hard copies of the certificate will be issued and the GST registration certificate can be downloaded from the GST Portal.

Penalties For Failure To GST Registration

As per the Section 122 of the CGST act, in India, there is a direct penalty for all those taxable persons who fail to register for GST. A person fails to furnish details of outward or inward supplies, monthly return or final return by the due date – The GST penalty for late filing is INR 100 for every day during which the failure continues, subject to a maximum of INR 5,000.