Get your GST Registration in just three easy steps!
Loading...
Grab Your Free Startup Kit & Automate Success!
Get various CRM Tools, HR & Payroll Management, Legal Templates, Marketing Automation
Partner Benefits
Enjoy a range of exclusive value-added benefits
Our Three Step Process
- Fill The Forms
- Upload Documents
- Get Approval
Why Choose Us
Our carefully designed pricing plans take into consideration the needs of teams of various sizes.
Zero Penalty Record
Expert CA Team
Fast Turnaround
Transparent Pricing
Results-Driven
Multi-city Operations
Paperless Operations
100% Compliance Assured
Documents Required
Pre-requisites
About Goods & Services Tax Registration
Overview of GST Registration Online
Since its implementation on July 1, 2017, the Goods and Services Tax (GST) has been mandatory for all service providers, traders, manufacturers, and even freelancers in India. GST was introduced to replace various Central and State-level taxes such as Service Tax, Excise Duty, CST, Entertainment Tax, Luxury Tax, and VAT, creating a more streamlined tax process. The GST registration charges may vary based on the type of business and turnover.
For taxpayers with an annual turnover of less than ₹1.5 crores, the GST system offers a Composition Scheme. This scheme provides simplified GST procedures and allows for tax payment at a fixed rate based on turnover.
GST operates throughout different stages of the supply chain, from raw materials to production, wholesale, retail, and final sale to the consumer. GST is levied at each stage. For example, if a product is manufactured in West Bengal and sold in Uttar Pradesh, the GST revenue is allocated entirely to Uttar Pradesh, emphasizing GST’s consumption-based nature.
Key Components of GST Registration
The Goods and Services Tax (GST) in India is categorized into three main components:
- Central Goods and Services Tax (CGST): Levied by the Central Government on goods and services within a state.
- State Goods and Services Tax (SGST): Charged by the State Government on Intra-State transactions.
- Integrated Goods and Services Tax (IGST): Levied by the Central Government on Inter-State or State-to-Union Territory transactions.
Advantages of GST Registration
Registering for GST offers several benefits:
- Legal Compliance: Ensures your business complies with tax laws and avoids penalties.
- Input Tax Credit: Claim credit on the GST paid on purchases.
- Ease of Inter-State Trade: Transact across states without facing tax issues.
- Elimination of Cascading Effect: Reduces the cost of goods and services.
- Competitive Edge: Gain credibility with potential customers and partners.
- Access to Larger Markets: Eligible to work with major companies.
- Optimized Cash Flow: Efficient tax management can enhance your cash flow.
- Improved Credit Profile: A positive GST compliance record boosts your business’s credit rating.
- Simplified Compliance: Easy online filing and payment processes.
- Transparent Operations: Maintain accurate records, reflecting professionalism.
GST Certificate
A GST Certificate is an official document provided to GST-registered businesses, confirming their compliance. It allows businesses to collect GST from customers and claim input tax credits. The GST Certificate is also essential for:
- Loan Applications: Often required for validating business credentials.
- Government Tenders: A prerequisite for participating in official tenders.
- Market Reputation: Enhances business trust and compliance profile.
GSTIN
A GSTIN (Goods and Services Tax Identification Number) is a unique 15-digit code provided to all GST-registered taxpayers. You will receive your GSTIN after completing the registration process through the OnEasy platform.
Voluntary GST Registration
Businesses with turnover below ₹20 lakhs can voluntarily register for GST, which offers advantages like input tax credits, inter-state trade, and eligibility for listing on e-commerce platforms. Voluntary registration paves the way for growth and profitability.
Penalties for Non-Compliance
If a business fails to register or pays insufficient tax, a penalty of 10% of the unpaid tax is levied. Intentional tax evasion results in a 100% penalty of the unpaid amount.
Get GST Registration Online with OnEasy
At OnEasy, we make the GST registration process smooth and efficient. Our experts will guide you through the entire process, from understanding your business needs to submitting your application online, Once you provide your information and documents, the GST registration process is completed within 3 to 7 working days.
Frequently Asked Questions
What is GST and why is it important for businesses?
Who is required to register for GST?
Can businesses with a turnover below the threshold voluntarily register for GST?
What documents are required for GST registration?
How long does the GST registration process take?
What is a GSTIN and how is it obtained?
What is the penalty for not registering under GST?
Can I amend my GST registration details after registration?
What is the Composition Scheme under GST?
What are the benefits of registering for GST?
