With the motto of One Indirect Tax, One Country, Goods and Services Tax (GST) came into effect on 1st July 2017 in India. It is levied on the supply of goods and services and has replaced many Indian indirect tax laws. GST is a comprehensive, destination-based and multi-stage tax that is levied on each stage of value addition. GST has helped in reducing the costs of goods and services since the GST regime eliminates the tax on tax process. The chief benefit of GST is that it is technology-driven. All the activities that are covered in GST regime like- GST return filing, GST registration, response to notice and refund application has to be filled online that accelerates the process. The GST registration online and GST return filing have helped in the organisation of the unorganised sector and lesser compliances have eased the process too.
A business whose turnover exceeds INR 40 lakhs (INR 10 lakhs for NE and hill states) is required to be registered as normal taxable person. The same process is known as GST Registration. As the GST registration online process goes, it takes 2-6 business days. GST registration is an 11 steps process involving the submission of numerous business details and documents.
No Burden of compliances of different taxes which eliminate duplication of taxes
Can Claim input of GST paid during purchase or expenses incured
Composite scheme available for small business and increase efficiency in supply chain
Simple and easy online portal to make payments and file returns
✔ Turnover in a financial year is greater than Rs.40 lakhs. [Limit is Rs 20 lakhs for some special category states]
✔ The person engaged in the inter-state taxable supply of goods or services or both
✔ Agents or any other person who makes supply on behalf of other registered taxable persons
✔ A non-resident taxable person engaged in providing taxable supply
✔Input Service Distributor
✔ E-commerce operator
✔ 6. Persons who supplies (except branded services) via an e-commerce operator
✔ Persons liable to pay tax under reverse charge mechanism
Step 1:Login to the Government Portal i.e. gst.gov.in and search for Registration Tab on the left-hand side middle of the page. Fill the required details like PAN no., Mobile No., E-mail ID and State in Part-A of Form known as GST REG-01
Step 2: Verify your Mobile and E-mail via OTP verification after which you will receive a temporary reference number (TRN No.). Login into the portal using TRN no. and fill/upload the required details/documents in Part-B of Form GST REG-01 and submit it by signing via DSC or EVC depending on type of GST Registration
Step 3: Complete the KYC process using AADHAR AUTHENTICATION of Authorized Signatories. After completion of KYC process an acknowledgment no known as ARN No. will be generated in Form GST REG-02
Step 4: In case of any clarification required relating to information submitted in form GST REG-02 a clarification notice will be issued in Form GST REG-03 by the department. Documents or information asked by the department shall be submitted within 7 working days in Form GST REG-04
Step 5: In case the officer is not satisfied with the clarification filed he may reject your application and the information regarding same will be conveyed to you via Form GST REG-05. After proper verification if the Officer is satisfied, he will approve the application and issue GSTIN No. in Form GST REG-04.
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Our team consists of CA's, Lawyers, CS, IIM, graduate, Actuaries and other supporting staff to make sure you get best services. With 10+ years of experience, our experts uses flexible and customized solutions to provide hassle-free services to any industries.
Touch Millions has ISO 9001:2015 certifcation in place. We continuously improve our existing process and try to find new ways for doing the same tasks. We are committed to reduce the time taken to process any task and give unquie experience to our customers.
Once business is registered under GST, GSTIN is issues, a unique number that represents your business. Contact us Now.
GSTR3B need to be filed monthly, but GSTR1 is optional to file monthly of quartly if total turnover of preciding year is upto 1.5 cr.
Input tax credit is credit available on eligible purchases or expenses incurred during normal course of business
Eligible business owners can opt for composite scheme. by opting in this scheme business owners need to pay tax at lower rates by forgiving input tax credit. Manufacturers need to pay GST @1%, Resturants need to pay info@touchmillions.com %, other service providors need to pay info@touchmillions.com %
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