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GST registration

Over the years, SPARKS & Associates, Chartered Accountants have been recognized as creditable service provider for setting up business in India. For setting up business in India, a business organisation requires business registration. One of such requirement is GST Registration. The process of registration under the GST regime is called GST registration. If the organization liable for GST Registration carries on business without registering under GST, it will be an offence under GST and penalties have been provisioned. 
Over the years, SPARKS & Associates, a firm of Chartered Accountants in Noida have been recognized for its credible professional services for setting up business in India. We can help in obtaining your GSTIN. 

 
WHO ARE REQUIRED TO HAVE GST REGISTRATION (GSTIN)

Under GST Regime, following persons are mandatorily required to get the GST Registration:

  1. Based on Turnover/Receipt:
    1. Trading business whose turnover exceeds Rs. 40 lakhs (for special states limit is Rs 20 Lakhs)
    2. Service Provider whose professional receipt exceeds Rs. 20 lakhs (for special states limit is Rs 10 Lakhs)
    3. The limit is not applicable if you are selling goods inter-state, i.e., from one state to another
    4. Special states is North-Eastern States, J&K, Himachal Pradesh and Uttarakhand
  2. Individuals registered under the Pre-GST law (i.e., Excise, VAT, Service Tax etc.)
  3. Casual taxable person / Non-Resident taxable person
  4. Input service distributor
  5. Agents of a supplier
  6. Persons paying tax under the reverse charge mechanism
  7. Person who supplies via e-commerce aggregator
  8. All e-commerce aggregator
  9. Person supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered taxable person

DOCUMENTS REQUIRED FOR GST REGISTRATION
 
  • PAN of the Applicant
  • Aadhaar card of the signatories
  • Proof of business registration or Incorporation certificate
  • Identity and Address proof of Promoters/Director with Photographs
  • Utility Bill not older than 2 months i.e. address proof of the place of business
  • If rented, then NoC from Owner for using the place for business
  • Bank Account statement/Cancelled cheque
  • Digital Signature in case Company & LLP
  • Letter of Authorization/Board Resolution for Authorized Signatory

PENALTY FOR NON-REGISTRATION
 
  • An offender not paying tax or making short payments (genuine errors) has to pay a penalty of 10% of the tax amount due subject to a minimum of Rs. 10,000/-.
  • The penalty will at 100% of the tax amount due when the offender has deliberately evaded paying taxes.
 Have any question? We can help you… Email us at info@ca-sparks.com
CONTACT US:
We are conveniently located at Noida. You can always drop a mail or visit our office for more information on Business Setup in India:
SPARKS & ASSOCIATES
(Chartered Accountants)
FF-27, Sethi Arcade, Near Sethi Max Royal,
Sector-76, Noida, Gautam Budh Nagar,
Uttar Pradesh - 201301 (India).
Contact: +91 120-4523-800 / 9560-141-800
 
     
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