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GST Registration online in INDIA.
GST Registration has to be done by each person who already has their GST Registration.
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GST Registration Online
Everyone registered with the GST Act has to periodically supply the information of sales, purchases, and taxes paid and gathered through submitting the Registration with GST authorities. Before submitting any Registration fee of Tax due is pre-considered necessary; otherwise, such a Registration will be invalid.
If you are looking for an answer to how to fill GST Registration online then follow the several steps to complete the process. First, use the GST portal to fill out the form, and then fill out the outward, inward monthly reports. Next, use the GSTR-2 form to fill in the details of the supply.
A GST Registration statement is a document that contains the following details that a GST-registered taxpayer must file with the Administrative Authorities:
- Income
- Sales
- Expenses
- Purchases
The tax authorities use these documents to calculate their net tax liability. Under the current GST tax regime, every registered dealer must file the requisite Registrations, such as:
- Purchases
- Sales
- GST On sales
- Input tax Credit earned by levying GST on purchases
Benefits of GST Registration
The following are the benefits of GST Registration, that are as follows:
- If you file GST on time, then it helps you to avoid penalties and late fees. Otherwise, you have to pay Rs. 100 as late fees for each day up to a maximum of Rs. 5,000.
- Provide transparency to business transactions because while filing GST you provide financial details to the government.
- The GST department keeps track of taxpayers through their GST Registrations, and if they found any suspicious activity or information, they may send a notice to you. To avoid notice from the department, file the correct information.
- Proper and timely done GST Registration will help taxpayers to get loans from banks or other financial institutions because it builds credibility based on the GST Registration.
GST Registrations Filing is a must for…
Under GST, businesses having more than five crore rupees as annual aggregate turnover must file two monthly, and one annual GST Registrations. These businesses also include taxpayers opting for the QRMP scheme. The process glacially amounts to 25 Registrations every fiscal year.
Every Taxpayer with a turnover of less than or equal to five crore rupees can file the GST Registrations under the QRMP scheme. The CGST puts the number of GSTR filings for the QRMP scheme filers at nine every fiscal year. This scheme includes 4 GSTR-1, and GSTR-3B Registrations in the Annual Filing.
Note: Each QRMP filer must pay the GST tax even though they file quarterly GST Registrations.
Eligibility Criteria for GST Registration in India
To become eligible for GST Registration, you must have GST registration. The eligibility criteria for GST registration are as follows:
- You're an individual registered as per pre-GST law
- The annual turnover of your business is above INR 40 lakh
- You are an agent of a supplier and input service distributor
- You are an e-commerce business aggregator
- You're a person that's engaged with the business of providing database access and supplying online information to a place outside India.
Documents Required for filing GST Registration in India
Every GST register company must attach the following documents along with the application for the GST Registrations filing to secure the submission of their successful Registrations with the Department of Revenue:
- The Identification proofs of the directors, person, or partners
- The PAN card of the business entity and the directors, person, or partners
- GST Registration Number
- Financial Statements required
Process for filing GST Registration in India
The process of filing the GST Registration is as follows:
- Filing Form GSTR-1 for Monthly details of inward supplies by the 10th of the subsequent month
- Filing Form GSTR-2 for Monthly details of outward supplies by the 15th of the subsequent month
- Filing Form GSTR-3 for Monthly Filing of Registration on the 20th of the subsequent month
- Filing Form GSTR-8 for Annual Filing of Registration on 31st December of next financial year
Other GST forms are as follows:
GST Registration Forms
| Form | Purpose | Duration | Due Dates |
|---|---|---|---|
| GSTR-1 | Details of outward supplies of taxable goods and/or services effected | Monthly | 10th of the subsequent month |
| GSTR-2 | Details of inward supplies of taxable goods and/or services affected by claiming the input tax credit. | Monthly | 15th of the subsequent month |
| GSTR-3 | Monthly Registration based on finalization of details of outward supplies and inward supplies along with the payment of the amount of Tax. | Monthly | 20th of the subsequent month |
| GSTR-3B | Simple Registration for Jul 2017- Mar 2018 | Monthly | 20th of the next month |
| GSTR-4 | Registration for compounding taxable person | Quarterly | 18th of the month succeeding quarter |
| GSTR-5 | Registration for Non-Resident foreign taxable person | Monthly | 20th of the next month |
| GSTR-6 | Registration for Input Service Distributor | Monthly | 13th of the next month |
| GSTR-7 | Registration for authorities deducting Tax at source | Monthly | 10th of the next month |
| GSTR-8 | Details of supplies effected through e-commerce operator and the amount of Tax collected | Monthly | 10th of the next month |
| GSTR-9 | Annual Registration | Annually | 31st December of the next Financial year |
| GSTR-9A | Annual Registration | Annually | 31st December of the next Financial year |
| GSTR-10 | Final Registration | Once. When registration is canceled or surrendered | Within three months of the date of cancellation or date of cancellation order, whichever is later. |
| GSTR-11 | Details of inward supplies to be furnished by a person having UIN and claiming a refund | Monthly | 28th of the month following the month for which the statement is filed |
Our Assistance in filing the GST Registration in India
We at GLOBAL TAXMAN INDIA LTD, provide end-to-end solutions for filing GST Registrations Filing. Our services include:- Collection of information and starting the process
- Creating the first compliance draft
- Reviewing the draft and making changes if necessary
- Filing the GST Registration online
- Providing you with the confirmation receipt
GLOBAL TAXMAN INDIA LTD is a leading legal consultancy firm providing comprehensive services relating to GST Registration.
Contact us now if you've yet to file your GST Registration.Frequently Asked Questions
A. Form GSTR-11 is a statement of the inward supply of goods and services received by UIN (Unique Identity Number) holders required to be filed by them quarterly.
A. GSTR-8 is a GST Registration to be filed by the E-commerce required to deduct TCS, i.e., Tax collected at source under the GST regime. GSTR-8 contains the details of supplies affected through the e-commerce platform and the amount of TCS collected on such supplies.
A. The GSTR-10 is a one-time document filed by registered taxpayers whenever they cancel their GST registration. It can also be when closing down a business voluntarily or due to a government order.
