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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.
Go to the official GST portal (www.gst.gov.in).
Choose the 'New Registration' option on the portal.
Provide the necessary details like PAN, mobile number, and email ID. You will receive an OTP on your mobile and email for verification.
Enter the OTPs to verify your mobile and email.
Fill out the GST registration form, including business details, promoter / partner information, and bank account details.
Upload the required documents, such as PAN, Aadhar, and business registration certificates.
The application is sent to the concerned tax officer for verification.
Once verified, the business is assigned with a unique registration number known as Goods and Services Tax Identification Number (GSTIN).
If there are no issues, the registration is approved, and you can start using your GSTIN for tax compliance.
GST Registration eases tax compliance burden on small businesses and startups.
Once registered under the GST, the business is deemed to have been legitimately registered as a provider of goods and services. It makes your business legal in the eyes of the government. A major advantage of GST Registration is that GST Registration provides for a uniform and transparent form of taxation.
GST registration and GST return filings serve as proof of business activities and creates track record for a business. Banks and NBFCs lend money as loans to businesses based on GST returns data. Hence, GST registration can help you formalize your business and get credit.
You can claim input tax credit, reducing your tax liability.
The benefit of GST registration for small and medium-sized businesses is that the new companies will not need to comply with various tax rules across states when doing business across state borders.
GST registration facilitates the expansion of your business beyond state boundaries.
With the help of GST registration, new companies can conduct their business operations in all parts of India with no difficulties, as well as removes high procedural fees required because of the different tax guidelines across states.
GST simplifies tax return filing and compliance.
To become a supplier of well-reputed companies, GST registration is a must for the supplier during on boarding process. Hence, GST registration can help you get and expand more of your business.
Entities having GST registration are eligible to collect GST from customer for supply and offset liability against GST taxes paid, while purchasing various goods and services. Hence, GST registration helps you save on taxes and improve margins. Any person with a valid GSTIN number can claim input credit for purchases made on their own behalf.
Pan Card
Aadhaar Card
Passport Size Photograph
Email ID
Aadhaar Linked Mobile Number
Trade Name
Product or Service Description
Lease Agreement (If Office is Rented) / Property Documents (If Owned)
No Objection Certificate (NOC) form landlord
Electricity Bill / Utility Bill
Property Tax Receipt
Pan Card of all Directors
Aadhaar Card of all Directors
Passport Size Photograph of all Directors
Email ID of all directors
Mobile Number of all directors
Product or Service Description
Rental Agreement (If Office is Rented) / Property Documents (If Owned)
No Objection Certificate (NOC) form landlord
Electricity Bill / Utility Bill
Property Tax Receipt
Board Resolution for Authorized Signatory
Pan Card of Company/LLP/Partnership Firm
Certificate of Incorporation (COI)
Directors Identification Number (DIN) of all Directors
Before registering, double-check and correct your name on your PAN card. All proofs or documents provided for registration must have the same spelling as the name on the PAN card. Any inconsistency leads to application rejection.
Any name mismatch, including spelling errors, may result in application rejection. Minor spelling variations in the father's name may be accepted if they do not have a significant impact on the name.
The application for registration will be rejected if the residence proofs submitted, such as bank statements, electric bills, telephone bills, utility bills, and so on, are more than two months old or in the name of another person, such as a father or spouse.
Any of utility bills enclosed for proof of registered office address should be not older than 2 months. Any such discrepancy leads to rejection of application by GST authorities.
A No Objection Certificate [NOC] from the owner of the registered office premises is required.
Documents and proofs that are currently in force and should be on the GST department’s list of accepted documents should be submitted. Any deviation results in the application being rejected.
Fill in our forms, which may not take more than 5 minutes.
Give simple details along with Documents needed for GST Registration.
Make your Payment only through secured payment gateways towards GST Registration.
Our experts will assist you all over the process.
Allocate a Relationship Manager.
Skillfully draft and file your documents.
We are committed to clear all your doubts.
Once we complete the process of GST Registration for you, it takes 3-7 working days to get your GST Registration done from the concerned authorities end. However, it is subject to processing time taken by the government.
Our experts will go through all your documents and information furnished.
Our experts will carefully examine the documents for correctness and accuracy before filing the GST application form.
We will start processing your application for GST Registration.
We will obtain OTP from you to process the application further.
Application will be filed on your behalf for GST Registration.
Guidance will be provided for performing Aadhaar e-KYC verification.
We will be waiting for the approval from GST authorities.
We will deliver the GST Registration Certificate once approved.
QUATORTAX is always there to help you with a team of talented and well-experienced Professionals, who can simplify the Registration process on your behalf besides guiding you with useful tips towards GST Registration, keeping all your long-term objectives in mind. Our Professionals will always be there with Startups and guide them from time-to-time for successful growth of the Company.
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.
QUATORTAX
ASPECT
ELIGIBILITY
TAX RATE
INPUT TAX CREDIT (ITC)
GST FILING FREQUENCY
INTERSTATE TRANSACTIONS
PAYMENT OF GST
COMPLIANCE REQUIREMENTS
ANNUAL RETURN
PENALTY FOR NON-COMPLIANCE
BUSINESS FLEXIBILITY
TRANSITION TO REGULAR SCHEME
GST REGULAR SCHEME
Any GST registered business with a turnover above a specified threshold (e.g., INR 20 lakhs for regular taxpayers)
Applicable GST rates based on the nature of the goods or services
Eligible for ITC on GST paid on purchases of goods/services
Monthly GST returns (GSTR-3B) and quarterly GST returns (GSTR-1) need to be filed
Applicable, and IGST is levied
Monthly payment of GST based on GSTR-3B returns
Higher compliance requirements, including monthly returns and frequent reconciliations
GST annual return (GSTR-9) required
Penalties can be higher for non-compliance
Suitable for businesses with significant input tax credits and a wide range of operations
Transition to regular scheme possible if turnover exceeds threshold
GST COMPOSITION SCHEME
Small taxpayers with an annual aggregate turnover up to INR 1.5 crores (INR 75 lakhs for special category states)
Lower GST rates based on the type of business (e.g., manufacturers, traders, restaurants)
Not eligible for ITC
Quarterly GST returns (GSTR-4) need to be filed
Not allowed
Quarterly payment of GST based on GSTR-4 returns
Lower compliance requirements compared to the regular scheme
GST annual return (GSTR-9A) required
Penalties are generally lower compared to the regular scheme
Designed for small businesses with a limited product/service range
Transition to regular scheme required if turnover exceeds threshold
GST QRMP SCHEME
Businesses with an aggregate annual turnover of up to INR 5 crores
Regular GST rates apply
Eligible for ITC on GST paid on purchases of goods/services
Quarterly GST returns (GSTR-1 and GSTR-3B) need to be filed
Allowed with the usual IGST
Quarterly payment of GST based on GSTR-3B and GSTR-1 returns
Reduced compliance compared to the regular scheme due to quarterly returns and monthly payments
GST annual return (GSTR-9) required
Penalties may be lower due to reduced frequency of returns
Suited for businesses with a moderate turnover looking for reduced compliance
Transition to regular scheme possible if turnover exceeds threshold
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