Startup Counter

GST Return Filing

Who Is Required To Register under GST?

Under the new tax regime of Goods and Services Tax, all persons engaged in the supply of goods or services are required to obtain registration of GST. Those who are not registered under GST shall not be allowed to collect GST from customers or claim input tax credit (ITC) on inward supply. Threshold limit of 20 Lakhs has been set by the GST Council. However, for northeastern states, it is 10 Lakhs. The registration must be applied for, within 30 days of reaching the threshold limit. For GST, the term Aggregate Turnover means all supplies made by the taxable person whether on his own or behalf of a principal. However, in case of registered job workers, the turnover of supplies under job work shall not be included in his turnover.

Important Points For GST Registration

Mandatory Under Law

For Certain Tax Payers, The Registration Under GST Is Mandatory Based On The 

Nature Of The Transaction Or The Turnover.

Turnover Based Registration

Registration Becomes Mandatory Based On A Specific Threshold Or Turnover Of Rs 10

 Lakh, 20 Lakh Or 40 Lakh. Refer Below Table

To Avail Input Tax Credit

Registration Is A Must To Avail The Input Credit Of Gst On Purchase Of Goods Or 

Services Taken For The Business.

Other Tax Payer Category

It Is Compulsory Irrespective Of The Turnover, For The Casual Taxable Person, In

 Case Of RCM, Non-resident, ISD, Etc.

Necessary For Import & Export

For Doing Any Import Or Export, Gst Registration Is A Must. You May Avail 

0% Gst Rate On Exports After Filing LUT (Letter of Undertaking).

 

To Make Inter-state Supply

The Supply Of Goods By And Between Different States Is Not Permitted 

Without Gst Registration Number On Invoice.

Threshold Limit For GST Registration

States with threshold limit of Rs. 10 lakh for both goods & services

  • Manipur
  • Mizoram
  • Nagaland
  • Tripura

States with threshold limit of Rs. 20 lakh for both goods & services

  • Telangana
  • Puducherry
  • Uttarakhand
  • Arunachal Pradesh
  • Sikkim
  • Meghalaya

States with threshold limit of Rs. 20 lakh for services & Rs. 40 lakh for goods

  • Jammu and Kashmir
  • Assam
  • Himachal Pradesh
  • All other States

RETURN FILING AND DUE DATES

GSTR-1: Monthly

  • Details of outward supplies of taxable goods and/or services.
  • The due date of GSTR-1 is 11th of the next month with effect from October 2018.

GSTR-3B: Monthly

  • Simple Return in which summary of outward supplies along with Input Tax Credit is declared and payment of tax is affected by the taxpayer.
  • Due date of GSTR-3B is 20th of the next month.

GSTR-4: Quarterly

  • Return for a taxpayer registered under the composition levy.
  • Due date of GSTR-4 18th of the month succeeding quarter.

GSTR-5: Monthly

  • Return for a Non-Resident foreign taxable person.
  • Due date of GSTR-4 is 20th of the next month.

GSTR-6: Monthly

  • Return for an Input Service Distributors
  • 13th of the next month

GSTR-9: Annually

  • Annual Return for a Normal Taxpayer
  • Due date of GSTR-9 is 31st December of next financial year*

GSTR-9A: Annually

  • Annual Return a taxpayer registered under the composition levy anytime during the year
  • Due date of GSTR-9 is 31st December of next financial year*

Documents Required for GST Registration

GST Registration is a PAN based registration which is done online and for one PAN multiple GST registration can be obtained based on the location or business vertical. The registration must be applied within 30 days of, the coverage and to apply the same soft copy of documents are required. Following is the list of documents required for GST registration in India.

Documents of GST Registration of Company

  1. The Certificate of Incorporation issued by the Registrar of Companies
  2. Board Resolution
  3. Bank Details of Company and KYC of its directors and the digital signature is required.
  4. List of Documents and Formats

Document for GST Registration of LLP / Partnership

  1. Firm Registration Certificate
  2. Firm Agreement
  3. The address proof and Bank details of the firm and KYC documents of all the designated partners of the LLP or all partners of the firm plus the digital signature.
  4. List of Documents and Formats

Document for GST Registration of Proprietorship / Individual

  1. Obtaining the GST registration is easier.
  2. There is no need to get the digital signature
  3. Registration can be done based on Aadhar based OTP.
  4. Essential KYC documents are required

BASIC

All Inclusive Fees
11,999 Annually
  •  

PRO

All Inclusive Fees
24,999 Annually
  •  

PREMIUM

All Inclusive Fees
36,000 Annually
  •