GST Registration

What is GST?

GST is the biggest tax amendment in India, immensely improving the nature of business and increasing the taxpayer base by introducing millions of small businesses in India. By submerging multiple taxes into a single system and avoiding multiple tax systems, Tax Complexities are reduced while the tax base has been increased heavily. In the new GST Amendment, all entities or business individuals that are involved in buying or selling goods or providing services or both are required to undergo the GST Registration process. Entities who have not registered for GST are not allowed to collect GST from a customer or claim an input tax credit of GST paid and they could be penalized. Once an entity exceeds the minimum threshold turnover of a new business or startup that is expected to cross the instructed turnover the GST Registration is a must.

Factors to Register for GST

GST Registration are of various kinds. Some are of entities like Casual Taxable Persons, Non-Resident Taxable Persons or Business Supplying through E-Commerce operators. People are required to register for GST irrespective of their turnover limit. The turnover limit for regular GST Registration for service providers and goods suppliers are mentioned below:

  • Service Providers: Any Entity that offers service of more than Rs.20 lakhs in aggregate turnover in a year is required to register under GST. States with special category criteria, the GST Turnover Limit for service providers has been fixed for Rs.10 lakhs.
  • Goods Providers & Suppliers: According to notification No.10/2019 any person who is engaged in the supply of goods and whose total turnover crosses Rs.40 lakhs in a year is required to register under GST. To meet the Rs.40 lakhs turnover limit, the supplier of the goods must fulfill the following conditions and should not be providing any of the listed services
  • Goods Providers & Suppliers: According to notification No.10/2019 any person who is engaged in the supply of goods and whose total turnover crosses Rs.40 lakhs in a year is required to register under GST. To meet the Rs.40 lakhs turnover limit, the supplier of the goods must fulfill the following conditions and should not be providing any of the listed services
  • The supplier should not be involved in making intra-state (supplying goods within the same state) supplies in the States of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Puducherry, Sikkim, Telangana, Tripura, and Uttarakhand.
  • Should not be engaged in the supply of ice cream, pan masala or tobacco
  • If the above conditions don’t meet, the supplier of goods would need to do GST registration when the turnover crosses Rs.20 lakhs and Rs.10 lakhs in special category states.
  • Special Category States: The states Arunachal Pradesh, Assam, Jammu and Kashmir, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura, Himachal Pradesh, and Uttarakhand are the special category status.
  • Total Aggregate Turnover= (Taxable supplies + Exempt Supplies + Exports + Inter-State Supplies) – (Taxes + Value of Inward Supplies + Value of Supplies Taxable under Reverse Charge + Value of Non-Taxable Supplies).

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Our Testimonials

Highly impressed by the consultation service provided by the Plan Taxation staff in getting my trademark registration and rectification process and protecting my brand with trademark registration.Thank You for being a saviour.
Saadgi Jain

Our team had a wonderful experience with Plan Taxation services. Most trusted platform to register for GST. The process of GST registration was very smooth and experts are very helpful at each and every step of the process.
Siddhanth Verma

Kudos to Plan Taxation team for helping startups and providing quality support and speed at most affordable rates. I wanted to file income tax returns and the whole team helped me in the process. I would recommend Plan Taxtation Services to everyone.
Rehaan Khan