GST Registration Process in India

Goods and Tax may be a new taxation system in India that came into effect on 1st July, 2017. GST has replaced many indirect taxes in India. GST is the only tax for the whole country which is predicated on the consumption of goods and services. Rules and regulations and tax rates are governed by the Goods and Services Tax Council which consists of the finance ministers of the middle and every one of the states. Goods and Services Tax rates vary between 0% – 28% counting on the sort of service or the character of goods being sold by your business. The new GST registration process should be followed for the GST registration process in India. Professional help is often taken for GST services. Contact us today for GST Registration with my financial advisory.

Trusted by India’s best Online GST Registration Consultant in India . Get all GST solutions for your business on My Financial Advisory. Apply online for new GSTIN today

  • The team of experts will assist you in GST registration.
  • Get expert assistance on invoice format, GST rates, and HSN.
  • Get GST Registration at the best price in India.
  • The entire process is online. You don’t need to visit offices.

Our Fee Structure:

  • Market Price : 1200/-
  • MFA Price : 799/- Plus GST

Who needs to register for the GST/Goods and Services Tax Registration Number?

The following categories of business must register for GST:

  • For businesses whose annual turnover is 20 lakhs once a year (10 lakhs for the North Eastern States?)
  • For businesses that are in addition to one state.
  • For businesses having previous registration under VAT, Excise Law, and Service tax laws.
  • E-commerce business.
  • Provider of services and goods outside India.

What is the GST registration process?

The GST registration processes are going to be online through the portal supported by the Central Government of India. You’ll also register for GST from the govt portal though there’s a particular area within the application that you’ll need to take the assistance of the experts at My Financial Advisory to assist you file GST registration online at the best price.

How to get a GST Registration Certificate online in India?

The GST registration process is as follows

According to a latest online GST registration process in India, the applicant has got to apply online for the GST registration certificate in India during which the applicant takes the assistance of knowledgeable providing GST services by paying the acceptable GST registration fee. The applicant has got to submit his PAN, mobile number, and email address partially A of Form Goods and Service Tax REG-01 on the GSTN portal or through a facilitation center (as notified by the Board or the Commissioner).

PAN is verified with a one-time password (OTP) alongside a mobile number and email address on the goods and Services Tax portal. On completion of the verification, the applicant will receive an Application Reference Number (ARN) on the registered mobile number and email. An acknowledgment should be issued in the electronic form to the applicant in Form Goods and Services Tax REG-02.

The applicant has got to fill out Part-B of Form Goods and Tax REG-01 and specify the appliance Reference Number. Then finally submit  the relevant documents to register for GST.If additional information is required, Form Goods and Service Tax REG-03 is going to be issued. Within 7 working days from the date of receipt of Form Goods and Service Tax REG-03, the applicant has got to reply to Form Goods and Service Tax REG-04 alongside the specified information.If you’ve got provided all the specified information through Form Goods and Service  Tax REG-01 or Form Goods and Service Tax REG-04, the applicant is going to be given a Certificate of Registration (GST REG-06) for the principal place of business and every are going to be issued. Additional place of business. If the small print furnished isn’t satisfactory, the registration application using Form Goods and Service Tax REG-05 is rejected.The entire GST registration process takes around 7-8 working days.

Documents Required for GST Registration

For Proprietorship Firm Registration

  • PAN card of the owner
  • Aadhaar Cardof the owner
  • Photograph of the owner
  • The electricity bill for the premises
  • Letter of Authorisation for signatory
  • Bank statement/ Cancelled Cheque
  • Aadhaar Card of owners/ directors/ partners

For partnership/private limited company

  • PAN Card of the company/ partnership
  • PAN card of the Director/ partner
  • Aadhar card of the Director/ partner
  • Photograph of the Director/ partner
  • The electricity bill for the premises
  • Partnership Deed/ Certificate of Incorporation
  • Letter of Authorization

GST Registration Fee

The GST registration fee and pricing for online Goods and Services Tax registration vary as per the GST services of the professional. All registered businesses are required to file monthly, quarterly, and/or annual goods and services tax returns, counting on the sort of business. Various returns are required to be filed in special cases like composition dealers. GST registration fee prices are often compared on My Financial Advisory is very cheap. And we provide a list of many professionals providing GST services and also help with online GST registration certificates in India by following the new GST registration process in India.

What is a Goods and Services Tax Return?

A return may be a final document containing complete details of income which is required to be filed with the tax administrative authorities. The importance of the return is to calculate the liabilities of the taxpayer.

How to complete GST return filing?

Under Goods and repair s Tax, a registered dealer is required to file a Goods and Service income tax return which includes:

  • Purchases
  • Sales
  • Output GST (On sales)
  • Input tax credit (GST paid on purchases)
  • GST returns, GST complete sales, and purchase invoices are required.

Late fee for not filing GST return on time

If GST filing isn’t done within time, you’ll be susceptible to paying interest and late fees. GST returns are often filed on time with the assistance of a chartered accountant or company secretary providing GST services. The interest is eighteen p.a. to be calculated on the quantity of tax outstanding. The deadline for filing GST returns is going to be from the subsequent day of filing till the date of payment. The utmost amount lately fee for GST filing is 5000/-.