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The Goods and Services Tax (GST) is a tax on goods and services sold domestically for consumption. The tax is included in the final price and paid by consumers at the point of sale and passed to the government by the seller. The GST is usually taxed at a single rate across the nation.
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The year 2017 was revolutionary in terms of the structure of Indirect Taxes. It was in this year that the Goods & Services Tax or GST was introduced in the Indian economy.
The Goods and Services Tax (GST) is a tax on goods and services sold domestically for consumption. The tax is included in the final price and paid by consumers at point of sale and passed to the government by the seller. The GST is usually taxed as a single rate across a nation.
GST Registration process in India is completely online. It requires no manual intervention or no physical paper submissions. With the help of Kanooni Sahayata GST registration will be made easy in a very simple procedure.
Aggregate turnover | Registration Required |
Earlier Limit : Goods/Services | |
Exceeds Rs.20 lakh | Yes – For Normal Category States |
Exceeds Rs.10 lakh | Yes – For Special Category States |
New Limit : Goods | |
Exceeds Rs.40 lakh | Yes – For Normal Category States |
Exceeds Rs.20 lakh | Yes – For Special Category States |
New Limit : Services | |
There has been no change in the threshold limits for service providers. Persons providing services need to register if their aggregate turnover exceeds Rs.20 lakh (for normal category states) and Rs.10 lakh (for special category states). |
Composition Scheme is applicable to small businesses whose turnover is up to INR 1.50 Crore. This means that these businesses do not have to charge and pay regular tax rates. Instead, they have a liberty to discharge GST liability @1% in case of traders and manufacturers and 5% in the case of restaurants.
In India GST rate for various goods and services is divided into four slabs: they are 5% GST, 12% GST, 18% GST, & 28% GST. The GST rates for various products have been revised several times by the GST council since the inception of the Goods and Services Tax (GST). You can see the tax rates for all the products here.
For Sole Proprietorship
For LLP/ Partnership Firm
For Private Limited Company
CGST– The CGST (Central Goods & Services Tax) is the tax collected by the Central Government on the transaction of goods and services within a state. This tax is universal and is a replacement for all other taxes imposed by the Centre such as CST, SAD and so on.
SGST– The state government of each state imposes the SGST or the State Goods & Services Tax. This tax has replaced all the other taxes that were levied by the state such as Entertainment Tax, Entry Tax, VAT and the like. The state is the sole owner of the revenue collected from the imposition of SGST.
IGST– This refers to the application of the tax on the transaction of goods and services between two states. Known as the Integrated Goods & Services Tax, IGST is applicable when services or materials are transported from one state to a different one.
UTGST– This particular tax is only meant for the five Union Territories in India. It has the same purpose and advantages as the SGST; the only difference is that it is applicable only in Chandigarh, Daman and Diu, Andaman and Nicobar Islands, Lakshadweep and Dadra and Nagar Haveli.
1. The Taxpayer will be legally recognized as a supplier of goods or services.
2. Taxpayer would be legally authorized to collect tax from his customers and pass on the credit of the taxes paid on the goods or services supplied to the purchasers/ recipients.
3. Taxpayer can claim input tax credit(ITC) of taxes paid on his purchases / procurements and can utilize the same for payment of taxes due on supply of goods or services.
4. Seamless flow of Input tax credit from suppliers to recipients at the national level
5. It is a uniform tax levied all across the country on goods and services, which makes it much more convenient to understand the entire indirect tax structure.
Our team member will collect all the required documents and details.
1. Application Filing
Once all the documents are collected, the application will be processed and filed. Then immediately the ARN number will be issued.
2. Voluntary Registration Under GST
Any small business with turnover less than 20 lakh can voluntarily register for GST even though it is not compulsory by law. Voluntary GST registration has its own advantages and some of them are:
3. GST Certificate
After applying for the GST registration, the GST officer will verify the form and approve the filing of the GST application form. After successful filing of form your GSTIN and GST Certificate will be generated which means you will have your GST number. It takes 3 to 7 days to get the GST number if the form, documents and details are correct.
As per the Section 122 of the CGST act, in India, there is a direct penalty for all those taxable persons who fail to register for GST.
The year 2017 was revolutionary in terms of the structure of Indirect Taxes. It was in this year that the Goods & Services Tax or GST was introduced in the Indian economy.
The Goods and Services Tax (GST) is a tax on goods and services sold domestically for consumption. The tax is included in the final price and paid by consumers at point of sale and passed to the government by the seller. The GST is usually taxed as a single rate across a nation.
GST Registration process in India is completely online. It requires no manual intervention or no physical paper submissions. With the help of Kanooni Sahayata GST registration will be made easy in a very simple procedure.
In India GST rate for various goods and services is divided into four slabs: they are 5% GST, 12% GST, 18% GST, & 28% GST. The GST rates for various products have been revised several times by the GST council since the inception of the Goods and Services Tax (GST). You can see the tax rates for all the products here.
For Sole Proprietorship
For LLP/ Partnership Firm
For Private Limited Company
CGST– The CGST (Central Goods & Services Tax) is the tax collected by the Central Government on the transaction of goods and services within a state. This tax is universal and is a replacement for all other taxes imposed by the Centre such as CST, SAD and so on.
SGST– The state government of each state imposes the SGST or the State Goods & Services Tax. This tax has replaced all the other taxes that were levied by the state such as Entertainment Tax, Entry Tax, VAT and the like. The state is the sole owner of the revenue collected from the imposition of SGST.
IGST– This refers to the application of the tax on the transaction of goods and services between two states. Known as the Integrated Goods & Services Tax, IGST is applicable when services or materials are transported from one state to a different one.
UTGST– This particular tax is only meant for the five Union Territories in India. It has the same purpose and advantages as the SGST; the only difference is that it is applicable only in Chandigarh, Daman and Diu, Andaman and Nicobar Islands, Lakshadweep and Dadra and Nagar Haveli.
1. The Taxpayer will be legally recognized as a supplier of goods or services.
2. Taxpayer would be legally authorized to collect tax from his customers and pass on the credit of the taxes paid on the goods or services supplied to the purchasers/ recipients.
3. Taxpayer can claim input tax credit(ITC) of taxes paid on his purchases / procurements and can utilize the same for payment of taxes due on supply of goods or services.
4. Seamless flow of Input tax credit from suppliers to recipients at the national level
5. It is a uniform tax levied all across the country on goods and services, which makes it much more convenient to understand the entire indirect tax structure.
Our team member will collect all the required documents and details.
1. Application Filing
Once all the documents are collected, the application will be processed and filed. Then immediately the ARN number will be issued.
2. Voluntary Registration Under GST
Any small business with turnover less than 20 lakh can voluntarily register for GST even though it is not compulsory by law. Voluntary GST registration has its own advantages and some of them are:
3. GST Certificate
After applying for the GST registration, the GST officer will verify the form and approve the filing of the GST application form. After successful filing of form your GSTIN and GST Certificate will be generated which means you will have your GST number. It takes 3 to 7 days to get the GST number if the form, documents and details are correct.
As per the Section 122 of the CGST act, in India, there is a direct penalty for all those taxable persons who fail to register for GST.
The year 2017 was revolutionary in terms of the structure of Indirect Taxes. It was in this year that the Goods & Services Tax or GST was introduced in the Indian economy.
The Goods and Services Tax (GST) is a tax on goods and services sold domestically for consumption. The tax is included in the final price and paid by consumers at point of sale and passed to the government by the seller. The GST is usually taxed as a single rate across a nation.
GST Registration process in India is completely online. It requires no manual intervention or no physical paper submissions. With the help of Kanooni Sahayata GST registration will be made easy in a very simple procedure.
In India GST rate for various goods and services is divided into four slabs: they are 5% GST, 12% GST, 18% GST, & 28% GST. The GST rates for various products have been revised several times by the GST council since the inception of the Goods and Services Tax (GST). You can see the tax rates for all the products here.
For Sole Proprietorship
For LLP/ Partnership Firm
For Private Limited Company
CGST– The CGST (Central Goods & Services Tax) is the tax collected by the Central Government on the transaction of goods and services within a state. This tax is universal and is a replacement for all other taxes imposed by the Centre such as CST, SAD and so on.
SGST– The state government of each state imposes the SGST or the State Goods & Services Tax. This tax has replaced all the other taxes that were levied by the state such as Entertainment Tax, Entry Tax, VAT and the like. The state is the sole owner of the revenue collected from the imposition of SGST.
IGST– This refers to the application of the tax on the transaction of goods and services between two states. Known as the Integrated Goods & Services Tax, IGST is applicable when services or materials are transported from one state to a different one.
UTGST– This particular tax is only meant for the five Union Territories in India. It has the same purpose and advantages as the SGST; the only difference is that it is applicable only in Chandigarh, Daman and Diu, Andaman and Nicobar Islands, Lakshadweep and Dadra and Nagar Haveli.
1. The Taxpayer will be legally recognized as a supplier of goods or services.
2. Taxpayer would be legally authorized to collect tax from his customers and pass on the credit of the taxes paid on the goods or services supplied to the purchasers/ recipients.
3. Taxpayer can claim input tax credit(ITC) of taxes paid on his purchases / procurements and can utilize the same for payment of taxes due on supply of goods or services.
4. Seamless flow of Input tax credit from suppliers to recipients at the national level
5. It is a uniform tax levied all across the country on goods and services, which makes it much more convenient to understand the entire indirect tax structure.
Our team member will collect all the required documents and details.
1. Application Filing
Once all the documents are collected, the application will be processed and filed. Then immediately the ARN number will be issued.
2. Voluntary Registration Under GST
Any small business with turnover less than 20 lakh can voluntarily register for GST even though it is not compulsory by law. Voluntary GST registration has its own advantages and some of them are:
3. GST Certificate
After applying for the GST registration, the GST officer will verify the form and approve the filing of the GST application form. After successful filing of form your GSTIN and GST Certificate will be generated which means you will have your GST number. It takes 3 to 7 days to get the GST number if the form, documents and details are correct.
As per the Section 122 of the CGST act, in India, there is a direct penalty for all those taxable persons who fail to register for GST.
Aggregate turnover | Registration Required |
Earlier Limit : Goods/Services |
|
Exceeds Rs.20 lakh | Yes – For Normal Category States |
Exceeds Rs.10 lakh | Yes – For Special Category States |
New Limit : Goods |
|
Exceeds Rs.40 lakh | Yes – For Normal Category States |
Exceeds Rs.20 lakh | Yes – For Special Category States |
New Limit : Services |
|
There has been no change in the threshold limits for service providers. Persons providing services need to register if their aggregate turnover exceeds Rs.20 lakh (for normal category states) and Rs.10 lakh (for special category states). |
|
Composition Scheme is applicable to small businesses whose turnover is up to INR 1.50 Crore. This means that these businesses do not have to charge and pay regular tax rates. Instead, they have a liberty to discharge GST liability @1% in case of traders and manufacturers and 5% in the case of restaurants.
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Smooth process of GST registration within a shortest period of time.
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