GST Registration: Documents Required Procedure, Benefits,

GST Registration

GST Registration is necessary for these companies having a turnover exceeding Rs. 40 Lakhs every year. Henceforth, companies not having a GST Registration are chargeable for a penalty prescribed by related legal guidelines. Furthermore, let’s study extra GST and GST Returns on this article.


Introduction to GST registration

The GST or Good and Services Tax was started with a goal to help businesses develop successfully and easily. Additionally, the goal of GST was supposed to remove the complexity of this elderly taxation system, that has been enforced on products and services. Furthermore, below the GST Regime, companies having turnover greater than Rs. 40 lakh must receive GST Registration mandatorily.

Who should obtain GST registration

Individuals or entity should receive GST Registration:

  • People who¬†had been¬†submitting¬†tax¬†below¬†the Pre-GST¬†legal guidelines¬†corresponding to¬†VAT, Service Tax,¬†etc.
  • Entities with turnover above Rs. 40 Lakhs
  • Individuals¬†concerned¬†in distribution¬†and provide¬†to¬†producers
  • People¬†on the lookout for¬†Tax Refund¬†below¬†the double taxation mechanism
  • Manufacturer of Goods
  • People¬†offering¬†supplies¬†by¬†e-commerce aggregator
  • All¬†sort of¬†e-commerce aggregator

The Benefits of GST Registration

The benefits of acquiring GST Registration are as follows;

  • Relief from the double taxation system
  • PAN(Presence Across Nation: Means that one body is operating at many places in India) India Business operations
  • Higher threshold for GST Registration
  • Eligible for¬†buying¬†authorities¬†tenders
  • Increased¬†probabilities of¬†enterprise¬†enlargement¬†with International Companies
  • Chances to avail¬†enter¬†tax¬†credit score¬†on purchases
  • Lesser tax¬†charges¬†below¬†composition scheme (For Annual turnover¬†as much as¬†Rs 1.5 Cr)
  • Easy and¬†on-line¬†return¬†submitting
  • Improved logistics by Introduction of E-way Bill
  • Reduction of Compliance Costs

The process of GST Registration

Follow the given steps to acquire GST Registration;

  • Step 1: Create a¬†person¬†ID on the GST Portal
  • Step 2: Fill the GST Registration Form-1 of Part A
  • Step 3: A reference quantity will likely be supplied by way of registered cellular quantity and email id
  • Step 4: Fill up the GST Registration Process of 2nd Form¬†and¬†add¬†the required¬†paperwork
  • Step 5: A Certificate of Registration¬†will likely be¬†issued after the completion of the registration¬†course of

Required Documents

You would wish the next paperwork to acquire GST Registration;

  • Identity and¬†deal with¬†proofs of¬†all of the¬†promoters of the¬†enterprise
  • Pan Card of the Applicant taxpayer
  • Photographs of Directors / Partners / Owners
  • Proof of registration of the¬†enterprise, or Partnership Deed in case of partnership and¬†different¬†registration certificates
  • Address proof of¬†the placement¬†of the¬†enterprise
  • Bank account¬†particulars¬†of the entity
  • Digital Signature
  • Letter of Authorization from the Board of Directors or Partners.

GST Return submitting

The enterprise registered below GST must file GST returns throughout the specified due dates. However, the requirement of GST Returns is predicated on the annual turnover of a taxable individual.

Furthermore, in case the annual turnover is lower than Rs 1.5 Crore, then one must submit the GST returns quarterly foundation. On the opposite hand,

Also, One want to supply particulars of buy and sale in GST returns submitting, and failing to file GST Returns can result in a penalty.

Penalties of not registering below Goods and Services Tax

Every defaulting individual or entity is chargeable for paying an effective as prescribed by related legal guidelines. Let’s study them intimately.

Consequences of not submitting for a GST identification quantity

Any defaulter not paying his tax is liable to pay a penalty of 10% of the tax quantity. Additionally, this quantity cannot be lower than Rs 10,000.

Furthermore, In the case of quick fee of tax, a minimal penalty of Rs 10,000 must be paid. Otherwise, the utmost quantity may be the quantity equal to 10% of the unpaid tax.

Penalty for non-filing of GST Returns earlier than the due date

In the case of non-filling of unpaid Tax,¬†there’s a¬†penalty of Rs 50 per day. The¬†most¬†quantity¬†should¬†not exceed 5000 rs.

There can also be the availability of penalty by a jail time period for offenders with the intention to commit fraud.


Every enterprise having turnover greater than Rs. 40 Lakhs should receive GST Registration. However, this restrict is ready to Rs. 20 lakhs for Northeastern states of India. You can take assist of an advisor to get GST Registration. Corpseed is an online platform for best in class affordable legal, Tech & Consulting services for entrepreneur’s, so to shape their ideas into reality.



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