Starting your own Business? Looking For GST registration?
From GST Registration to MSME certification.
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Grow your business into a brand and compete with other Businesses in the market by creating an identity . We build you a custom designed website that meets your needs including domain and hosting .
MSME Udyaog Aadhar
We help you get your Business registered for MSME Certification under MSMED Act, which offers multiple benefits , subsidies and schemes.
Fill the basic details about your business & register, just pay ₹ 2499/- setup fee & no hidden Fee
You Get free Domain name .co.in or.in Domain name (1 year) + Hosting (1 year) + Custom Designed Website by us, Including GST registration + MSME Certification
GST Registration In 3 Simple Steps Just follow the easy process of GET , SET, GO and get the GST certificate with ease
The Goods And Services Tax (GST) Registration services at GSTfast.com helps you to get your business GST registered and obtain your GSTIN. GSTfast experts will guide you on the applicability and compliances under GST for your business and get your business registered under GST.
Custom Designed Website that meets your need. Get your own website designed by experts absolutely at no cost . Our best offers also include:
The address that lets you build a business identity on the web.
” Choose from ‘.IN‘ or ‘.CO.IN‘ domains “
BUSINESS EMAIL ID
Gain trust of your clients by having your own business email Id.
CUSTOM DESIGNED SITE
We will design your website which is graphically elegant and informational. All you need to provide is just few details about your Business.
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MSME Udhyog Aadhar Registration
Complete our MSME Form/SSI Form
Preparation of Documents
Filling MSME/SSI Application
Eligibility For GST Registration
ANNUAL TURNOVER OF 20 LAKH OR ABOVE
A business or a businessman earning a yearly turnover of 20 lakh and above
ANNUAL TURNOVER OF 10 LAKH OR ABOVE
Businesses running in special states (like Manipur, Assam, Nagaland, etc.) with a yearly turnover of 10 lakh
A business supplying in two or more states irrespective of yearly turnover of the business
E-commerce or Online platform businesses/websites like Amazon, Flipkart, Ebay, etc.
Vendors who supply products to E-commerce websites
ONLINE INFORMATION SUPPLIER
Person/Business supplying online information or data to a customer staying in a different country
An NRI business importing goods or services in India
GST Registration for Branches & Business Verticals
According to the CGST Act, the suppliers of taxable goods has to register themselves under GST state or union territory where supply of goods & services takes place. Further regulaions have been provided by the government for GST in several branches.
GST registration of branches in different states should be done by a businessman under GST in every state or city if he is selling or buying goods. For example, if a restaurant is controlled in Maharashtra & Delhi, then a separate GSTIN would be issued for Maharashtra & Delhi.
The GSTIN format goes something like this: The first two numbers in a GST registration numbers are tied to the state of registration. If a business is working in two different states, then the first two numbers of GSTIN would change, but the PAN of the business or company would remain the same. In case of more than 1 GST registration in one state, the entity code would change as well.
GST REGISTRATION FOR BRANCHES WITHIN A STATE
You can get separate registration for branches within a state for business having franchises or branches. Perhaps, the following conditions should be fulfilled:
⦁ You must have more than one business vertical
(What is Business Vertical?
Business vertical means a distinguishable component of an enterprise that is engaged in the supply of individual goods or services or a group of related goods or services which are subject to risks and returns that are different from those of the other business verticals.)
⦁ The business must not be registered to pay tax under GST composition scheme
⦁ All separately registered business vertical must pay tax on the supply of goods or services to another registered business vertical and raise a tax invoice for the same.
HOW TO GET GST REGISTRATION FOR BRANCHES?
⦁ GST registration for branches or separate business verticals within the same state can be made in FORM GST REG-01
(What is FORM GST REG-01?
FORM GST REG-01 is the form used by all businesses applying for GST registration.)
⦁ After the submission of GST registration application, it would be forwarded to an officer for the verification and you would get GST registration certificate within 7 working days.
⦁ The registration certificate would have the head place of your business and the additional place or the branch of your business.
Documents Required For GST Registration
GST registration has been made compulsory from July, 2017,
All people who are taxable under GST must compulsorily get their GSTs registered and start filing their GST monthly. The list of documents required for filing GST registration are as follows:
- Owner’s Aadhar Card
- Owner’s PAN Card
- Business/Shop address proof
- Business Registration Document
- Bank Account Proof
LLP or PARTNERSHIP
- Business PAN Card
- Business/Shop address proof
- Business Registration Document
- LLP Agreement/ Partnership Agreement
- Company Pan Card
- Incorporation Certificate
- Company Address Proof
- Bank Account Proof
GST Turnover Limit
The Central Government has decided to provide two threshold limit for GST registration for suppliers of goods, Rs.20 lakhs and Rs.40 lakhs. However, each of the individual State Governments must decide on the threshold limit within a week as the State’s revenue is also tied to GST. This decision will now lead to various States having different GST threshold limits overtime.
Service providers will continue to be required to register for GST once they cross a turnover of Rs.20 lakhs and in case of Special Category States at Rs 10 lakhs.
- Arunachal Pradesh
- Jammu and Kashmir(Fully exempted)
- Himachal Pradesh
- Taxes with respect to CGST, SGST or IGST Acts
- Value of taxes payable on reverse charge mechanism
- Value of inward supplies of goods and services
- Value of Non-taxable supplies of goods or services like Alcohol, Petrol etc.
BENEFITS OF GST IN INDIA
- Helps the business in getting legally recognized
- Become more competitive
- Online expansion or growth of business
- Easy to take input tax credit
- Can sell all over India without any restrictions
- Apply for government tenders
- Easily open a current bank account
- Easy dealings with MNCs
Guide to CGST, SGST and IGST
CENTRAL GST- When the selling or the supply of goods take place within a state, when seller & the buyer are in the same state, two taxes will be imposed. One tax will be imposed by the State Government and second tax will be imposed by the Central Government. So, the GST imposed by the central government is known to be CGST or Central GST.
STATE GST- State GST is charged when state government collects tax on both goods & services in one state only
INTEGRATED GST- Central government charges IGST when the supply of goods & services takes place between supplier and buyer in different states.
In India, GST rates depend on the nature of your business. The current slab rates are 5%, 12%, 18% and 28%.
Gold and diamonds doesn’t charge any GST at present but is taxed 3% and 0.25% respectively
Highlights of CGST
- CGST is applicable on both, goods and services.
- CGST is levied by the Central Government through a separate statute on all transactions of goods and services made for a consideration.
- Proceeds would be shared between the Central and State Government.
Highlights of SGST
- SGST is levied by the State Governments through a statute on all transactions of supply of goods and services.
- SGST would be paid to the accounts of the respective State Government.
Highlights of IGST
- Central Government would levy and collect IGST instead of CGST or SGST.
- Levied on inter-state supply of goods and/or services.
- Includes import of goods and/or services.
- Exports would be zero rated.
- IGST would be shared between the Central and State Government.