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GST or the Goods & Services tax is a tax that aggregates multiple indirect taxes levied by state & central governments, ending up with complex requirements of receipt, payment, settlements required by both inter-state & intra-state businesses. GST was implemented in India starting 1st July 2017, replacing multiple indirect taxes such as service tax, VAT, Excise, etc., that were levied before. GST, which stands for Goods and Services Tax, was introduced in 2017 aiming at helping taxpayers and businesses of various sizes get rid of complicated Central and State Tax systems and replacing it with a more direct and comprehensive one.
GST rates vary between 0%-28 percent depending on the type of services or goods that your business sells. GST is not paid by consumers, it is paid by businesses that sell goods and services to the Government of India. GST is therefore a destination-based tax, which applies on all transactions involving supply of goods/services for consideration.
✦ Under the provisions of the GST, a person who is not a resident taxpayer is required to file GST registration at least five days before undertaking any business activity in India.
✦ To start business in India, all the Non-resident foreign taxpayers are required to apply for GST registration at least five days before starting the business. In case of voluntary deregistration, the taxpayer wishing to deregister has to submit a petition on GST portal.
A taxpayer seeking normal registration can visit GST portal and fill out the GST Registration form, GST Reg-01. A person having multiple businesses can apply either for single GST registration or for one separately per business.
Occasional or seasonal businesses are required to register their businesses under this category for GST. Under the GST Act, every person (including companies, LLCs, etc) is required to register under GST once total turnover crosses Rs 40 lakhs (Rs 20 lakhs in the case of north-eastern states). The GST regime has made it compulsory for all business entities engaged in buying or selling goods or services, or both, to get registered under the provisions of GST laws.
A commercial entity which supplies goods and services from more than one State is thus required under law to get itself registered under GST law in various States. If a person is operating from more than one State, then he/she would need to file a GST Registration separately for each State in which they are operating.
For orders made outside of the state where your business is located, the central government levies a single uniform tax called Integrated GST (IGST). For orders made within the State in which your business is located, you must pay the central GST (CGST) to the central government and state GST (SGST) to your states government. Once a business is successfully registered, it is assigned a unique registration number known as the Goods and Services Tax (GSTIN). Whether a foreign company or a non-resident Indian looking to conduct business in India.
A business entity that supplies goods & services from more than one State, is obliged to be registered with GST for the various States. If an entity is operating in a specific State under the specified category, GST Registration becomes mandatory when the turnover is more than Rs.20 lakh per annum, Inter-State Supplier, Casual Taxpayer under GST Reverse Charge Mechanism, NRI Business, E-commerce Operator, Supplier Agent, TDS Deductor, Input Service Distributor, OIDAR Business (Online Information Database Access). Normally, whether or not to get a GST registration depends on aggregate annual turnover and the nature of the taxpaying entities business.
A person who does not register under GST can neither charge GST from its customers, nor enjoy input tax credit benefits.
| ASPECT | GST REGULAR SCHEME | GST COMPOSITION SCHEME | GST QRMP SCHEME |
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Registering on the government portal is technically free — but free does not mean simple. Form REG-01 requires precise document matching, correct business address classification, and accurate principal/additional place of business declarations. A single error triggers a departmental query (Form REG-03) that can delay your GSTIN by weeks. Here is why 3,000+ businesses trust Quatortax:
Here is how the Quatortax experience compares to the two alternatives most business owners consider:
| What You Evaluate | Quatortax | Traditional / Ad-Hoc |
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Everything you need to know about the GST Registration
GSTIN (Goods and Services Tax Identification Number) is a 15-digit number. When you successfully apply for GST Registration, this 15-digit number will be generated by the government. The first two digits represent the state in which the business is registered for GST. The next ten digits represent the PAN of the business entity. The 13th digit represents the number of businesses in the same state. The last two digits are allocated at random.
Yes, a PAN card is required for GST Registration. If you do not have a PAN card, you must obtain one before applying for GST registration, except for TDS registration under GST, which is permitted with a TAN. In the case of a sole proprietorship, the proprietor's PAN can be used. In the case of an LLP, Company, Trust, or other type of legal entity, PAN must be obtained first.
Yes, once your turnover exceeds the specified threshold limits, you must obtain GST Registration.
GST Registration has no expiration date. As a result, it will be valid until cancelled, surrendered, or suspended. Only non-resident taxable persons and casual taxable persons have a validity period that is set by the authorities when the GST registration certificate is issued.
When the supply location is in a different state than the delivery location, this is referred to as inter-state supply. Furthermore, inter-state supply includes the supply of goods or services by a SEZ unit as well as the export of goods or services.
If an applicant's GST Registration application is rejected, they will be given the option to respond to the rejection letter. If they want to apply for a new GST registration, they must first wait for a final rejection, which will take about 10 days.
No, only GST-Registered individuals are permitted to collect GST from customers. A person who is not registered for GST cannot even claim an input tax credit for GST paid.
Yes, even if your annual turnover does not exceed the threshold limit, you can voluntarily register for GST. Registering under GST not only helps you get your business recognized as a legal registrant, but it also allows you to take advantage of various benefits such as raising GST invoices, claiming input tax credits, and much more.
The GST Composition Scheme is a simple scheme designed for small taxpayers to reduce compliance burdens by allowing them to file quarterly returns rather than monthly returns. Small taxpayers can avoid time-consuming GST formalities by paying GST at a fixed rate of turnover. Any business with an annual turnover of less than 2 crores can choose the composition scheme when registering for GST.
Yes, you can sell both goods and services with a single GST number, as long as you listed them when you registered for GST.
