GST, or Goods and Services Tax, has been one of the biggest tax reforms this country has seen. It is a single tax with which those taxes that existed previously have been replaced. Such as Central Excise, VAT, Entry Tax, Octroi, Service Tax, etc.
GST was rolled out nationwide on July 1, 2017.
It is a destination-based tax.
And follows a dual model in which both the State and the Central government levy tax on goods and services.
All businesses are required to obtain a GST number for every state that specific business has been registered in. The first step under the GST regime is to know whether the business is liable to register and register accordingly.
1. You fill the application form given above.
2. Mail the documents as required.
3. Sit-back. All forms will be filed by us.
4. Receive your GST number on e-mail.
Each category of business require documents according to its category. However, the basic documents required in each case are: ID-proof, Address proof, business registration proof, bank details, passport sized photographs, etc.
A supplier of goods, with an annual turnover of Rs. 40 lakh (Rs. 20 lakhs for special category States), must apply for GST registration. There are certain cases where the taxable person is liable to pay GST even though his turnover has not crossed this limit.
Those providing services must get GST registration, once their turnover crosses Rs.20 lakhs and in case of Special Category States at Rs 10 lakhs.
a)A supplier whose aggregate turnover is less than the prescribed limit and is not even covered under the mandatory GST requirement list.
(b)When supplies are covered under the Reverse Charge Mechanism (RCM).
(c)Those who are supplying non-taxable goods and services under GST.
(d)Agriculturists,
(e)Services by any Court or Tribunal established under the law,
(f)Services of crematorium, funeral, burial, mortuary, including transportation of the deceased,
(g)Sale of land/building subject to Schedule 5 (ii)(b). Actionable claims, other than betting, lottery, and gambling.
A person must apply for GST registration within 30 days from the date on which he becomes liable to registration. The process, rules, and conditions of the GST application must follow the Registration Rules laid by GST Council.
A Casual taxable person and a Non-Resident taxable person must get their GST registration, at least 5 days before the commencement of business.
Food (such as Cereals, Fruits & Vegetables, milk, etc), Raw Materials (Raw Material, Yarn, Fiber etc), Medical Tools & Instruments (Hearing Aids, or aids used by physically challenged people), Handtools {such as Spades, Shovel, Newspapers, Books, Beehives, Human Blood, Chalk Sticks, Contraceptives, Earthen Pots, Props used in Pooja (including Idols, Bindi, KumKum), Kites, Organic Manure, and Vaccines. etc.
The following do not require registration and are allotted a UIN (Unique Identification Number) instead. They can take a refund of taxes on notified supplies of goods/services received by them:
(a)Any specialized agency of UNO (United Nations Organisation) or any other multilateral financial institution and Organization notified under the United Nations Act, 1947,
(b)Consulate or Embassy of foreign countries,
(c)Any other person as notified by the Board/Commissioner,
(d)The Central Government or State Government may notify exemption from registration to specific persons.
It means a person who operates in a taxable territory only occasionally but has no fixed place of business. A Casual taxable person is one who has a registered business in some State in India but wants to supply to some other site in which he/she does not have any fixed place of business. He needs to register in the State from where he is looking to supply as a Casual taxable person.
A taxable person, with no fixed place of business in India. This person resides abroad and undertakes transactions in India, only occasionally.
