GST Registration Online: Documents, Requirements, Procedure & Expert Support The introduction of GST in the tax system has been a game-changer in the Indian tax regime, eliminating the old, multi-layered tax system. GST stands for Goods and Services Tax. It is an indirect tax applied to the goods and services delivered in India. GST is collected where goods or services are consumed. There are four types of GST in India: CGST, SGST, IGST, and UTGST – each standing for Central, State, Integrated, and Union Territory Goods and Services Tax, respectively. The GST registration process is entirely online. You need to provide PAN, Aadhaar, business registration proof, and information regarding the bank account to complete the registration process.
What is GST? GST stands for goods and services tax. It is a single tax levied on the supply of goods and services at each stage of the value chain. It was introduced to replace excise duty, service tax, VAT, octroi, and entry tax, among others. The GST is collected where goods/services are consumed. There are four types of GST: ● CGST - Central Goods and Services Tax. It is levied by the central government when the buyer and the seller are in the same state. ● SGST - State Goods and Services Tax. It is levied by the state government in the state where goods or services are consumed. It is applicable along with CGST on the intra-state supply of goods and services. ● IGST - Integrated Goods and Services Tax. It is applied by the central government when goods/services move from one state to another or are imported/exported. ● UTGST- Union Territory Goods and Services Tax. It is levied by the central government when both buyer and seller are in the same Union Territory without a legislature, like Chandigarh, Lakshadweep, Andaman & Nicobar Islands, etc.
Benefits of GST Registration in India When you apply for GST registration, you benefit from the following: 1. Eligible to claim the Input Tax Credit (ITC)
When businesses buy goods/services, they need to pay the GST on those purchases. Later, when the business sells goods or services, it collects GST from its customers. 2. Business credibility and trust Many businesses, especially in B2B transactions, prefer dealing with businesses registered with the GST. Registration provides credibility to your business and instills trust with your customers, suppliers, and investors. 3. Access to the government tenders and contracts Many government contracts, tenders, and projects require businesses to be GST-registered, especially the public sector undertakings (PSUs) and government procurement processes. 4. No restrictions on inter-state sales The Business registered with the GST can conduct inter-state transactions without any limitations. 5. Easier export of goods and services In GST, exports are zero-rated. This means that you don’t have to pay GST on goods or services sold outside India. 6. Access to GST-Linked schemes Several GST-related schemes are available for small businesses. Many Small businesses with a turnover of up to ₹1.5 crore can opt for the Composition Scheme under GST. 7. Easy to obtain loans and credit Businesses registered with the GST have better credibility to get loans from banks and financial institutions.
Documents Required for GST Registration in India Collect the following documents for the GST registration: 1. Permanent Account Number (PAN) Card of the proprietor/partner/director. 2. Aadhaar Card of the proprietor/partner/director. 3. Proof of Business Registration: Whether it is a sole proprietorship, a partnership firm, or a private limited company, you need to show the proof of registration of
your business. It can be a company registration certificate, a partnership deed, or other relevant documents. 4. Bank Account Details: Bank account records or rejected cheques that show clearly the name of the account holder and the IFSC code are mandatory for GST registration. 5. Address Proof: Businesses need to give address proof of their place of business. It can include a lease agreement, a rent agreement, property tax records, and 2 months’ utility.
Why Choose Kanakkupillai for GST Registration? Kanakkupillai stands out as a preferred choice for companies seeking professional services in India due to several strong reasons. We have specialised experts, including professional accountants, company secretaries, and tax advisers, who provide expert advice and support to clients. Our team strives for perfection, which helps businesses receive personalised solutions as per their wants and goals. Kanakkupillai's dedication to employee training and development ensures that its team stays updated on the latest rules, laws, and technological advancements that constantly improve the services that we provide. Additionally, our reasonable price system makes its services available to businesses of all kinds, including compliance post-registration. Choosing Kanakkupillai ensures not only compliance with tax laws but also access to a trusted partner for accounting, taxation, and business advice needs in India!
