Beginning on July 1, 2017, the Goods and Services Tax, or GST, went into effect. It is applicable to all manufacturers, traders, and service providers (including independent contractors). The majority of state taxes like the Entertainment Tax, Luxury Tax, Octroi, and VAT as well as indirect taxes like Service Tax, Excise Duty, and CST have been absorbed. Furthermore, GST Hindu Undivided Family, proprietorship firm registration online, Partnership Firm, Private Limited Company, Limited Liability Partnership Firm, and Any Other Legal Entity may register. Keep reading the blog to learn more.
To obtain a GST Registration
Business turnover for services exceeds Rs. 20 lacs (Rs. 10 lacs for states in the north-eastern region) and exceeds Rs. 40 lacs for products.
– Person who was registered under earlier laws (excise laws, VAT, etc.)
– Supplying goods across state lines
– Person deducting TDS under GST laws
– Selling goods online
– Casual taxable person
– Non-resident taxable person
– Person paying tax under the Reverse Charge mechanism
– Input Service Distributor
– E-commerce operator or aggregator
Submit an application for GST registration
– The corporation or firm’s PAN card is one of the documents for good and services tax registration.
PAN Cards, Aadhaar Cards, and Voter Ids of Promoters and/or Partners. In addition, Address Proof of Place of Business; Bank Account Statement of the Company or the Firm
The Central Goods and Services Tax Rules (Fourteenth Amendment), 2020, which update Rule 9 of the Central Goods and Services Rules, 2017, were released by the CBIC via Notification No. 94/2020-Central Tax, dated December 22, 2020. increased from “three” working days to “seven” working days after the date the registration application was submitted before approving the award of registration to the applicant.
Is it necessary to obtain several GST registrations when offering services in different states?
Obtaining multiple GST Registrations for each State is not necessary if the individual is a service provider that offers services in several states without having a physical presence there. Only in the State where he has a physical presence or his headquarters must he seek GST Registration.
As an illustration, Rohan operates a software business in Rajasthan and offers his software services through an internet platform to clients across India. In this situation, he must obtain just one GSTIN, namely in the state of Rajasthan (where he is physically present).
However, if the individual has a presence in other states as a provider of goods or services, he will need to register for GST in each state where he conducts business. As a result, he will need to obtain a personal GST Registration in each state where he conducts business.
Consider Sohan, who has eateries in Mumbai, Lucknow, and Jaipur in the state of Rajasthan (Maharashtra). He must obtain separate GST Registrations for each State proprietorship firm registration online. This is because of his professional tax registration online firm.
Final Thoughts
For the purpose of obtaining GST registration, the GST issuing authority. In addition, they may additionally request supplementary documentation or explanations in Form GST REG-03. Additionally, the CBIC increases the current time frame for requesting additional information. This is from three working days to seven working days from the date of the registration application. Furthermore, businesses registering for Goods and Services Tax (GST) without Aadhaar authentication will need to have their premises physically verified, according to CBIC’s instructions.
