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Steps for GST Registration Start up & Business

Fill Basic Info.
Upload KYC Documents
Pay the Service Cost
Documents verification by us
Apply to Govt. Portal by us
Get Provisional Certificates
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  1999/-

GST Registration Start up & Business

Inclusive of all taxes

What you get?

  • GST Registration
  • No Objection Certificate
  • Bank Account Opening Support
 
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You have to submit following documents / information

  1. Proposed Name of the Organisation
  2. Products Details of Organisation
  3. Nature of Business
  4. Proprietors KYC:
    • (a) PAN Card
    • (b) Aadhar Card
    • (c) Photo
    • (d) EMail ID
    • (e) Mobile No
  5. Business Registered Address Proof
    • (a) Electricity Bill (within 2 months)
    • (b) NOC & Rent Agreements (if rented property)
  6. Date of commencement of Business
  7. Any of Registration certificate if available

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FAQ

As per GST Act, GST registration is mandatory if turnover exceeds Rs 20/40 lakhs but practically many banks require a GST certificate at the time of opening a bank account.

GST monthly/quarterly return is mandatory for all types of business i.e. even in case of NIL turnover GST return is mandatory to file every month/quarterly.

Yes GST registration Number can be surrendered with valid reason

Yes GST Return (GSTR-3B) is mandatory in any cases, all registered person has to file NIL return in case of NIL sale value


Basic Feature of Goods and Service Tax

Dual GST Model

GST is a dual taxation model one is Central Goods and Service Tax and another is State Goods and Service Tax. Both Centre & State Govt. levied a tax on Supply of Goods or Services at one point of Time.

Destination Based Consumption Taxes

GST is said to be a destination-based or consumption-based tax. Hence, the place of consumption will decide the State that will collect the tax.

Taxable event will be Supply

GST is depended upon the supply of goods and services. Supply does not mean sale it is inclusive in nature. It includes all form of Supply Such as Sale, Transfer, Barter, Exchange, license, Disposal, Rental, and Lease.

 

Tax revenue appropriation

Goods and services tax on supplies in the course of inter-State trade or commerce shall be levied and collected by the Government of India and such tax shall be apportioned between the Union and the States in the manner as may be provided by Parliament by law on the recommendations of the Goods and Services Tax Council. Meeting of GST Council is conducted from time to time.

 

Remove Cascading effect

GST would mitigate the ill effects of cascading, improve competitiveness and improve liquidity of the businesses. One of the primary goals of a taxation regime is always avoidance of "taxation over taxes" or "cascading-effect" of the incident taxes as it adds to the deadweight loss i.e. slump in total surplus of supply chain consisting of supplier, manufacturer, retailer and consumer.

Input tax credit

Every taxpayer while paying taxes on outputs may take credit for taxes paid earlier by the supplier on inputs. However, this will not be applicable on supplies related to: (i) motor vehicles when used for personal consumption, (ii) supply of food, health services, etc. unless they are further used to make a supply. The IGST collected will be apportioned between the center and the state where the goods or services are consumed.

Compliance under GST

Following GST Return is required to file every GST registrered persons.

  • GSTR-1: Details of Outward Supply
  • GTTR-2: Details of Inward Supply
  • GTTR -3: Tax Liability Return (Now GSTR-3B in practice)
  • GTTR -9: Annual Return

Audit under GST: Audit by Taxable Person when turnover exceeds 2 crores.