GST Registration Online: SuperCA

Online GST Registration   is a process for applying for a unique GSTIN from the GST Portal. It requires no manual intervention or no physical paper submissions. A very simple online procedure has been prescribed for this. GSTIN is required by every registered taxpayer in order to collect and pay GST on the outward supplies i.e. sales and for claiming ITC on the inward supplies i.e. purchases. The registration process is usually finished within 4 to 6 working days and a 15-digit GSTIN (GST identification number) and a certificate of registration are allocated by the GST department. Benefits of having Online GST registration ➢ Less compliance The number of separate compliances is lesser now with GST. Under the previous tax regime, businesses had to file multiple returns accorded with different indirect taxes – VAT, excise, and service tax. As GST is a unified and singular tax regime, the number of filings has come down, making it less hassle for entities to file a return. ➢ Eliminate...

According to the rules, every person (including company, LLP etc) has to register under GST if the total turnover crosses Rs.20 lakh (Rs 10 lakhs for special category states present in hill states and North-Eastern states). Hence, if your turnover is more than 20 lakh or is going to be more than 20 lakh, then you should go for online GST registration . The registration process is completely online, hence no manual intervention or physical paper submissions is required. The online process is as simple as it may sound. It is normally completed within 4-6 working days and the supplier is allotted a 15-digit GSTIN (GST identification number) and a certificate of registration by the GST department. If the organizations fulfilling the eligibility criteria carry on business without registering with GST, it will be an offence under GST and heavy penalties will apply. GST Registration Fee For GST registration in India, there is no government fee. Anyone can get the GST registration  ...

Online GST Registration is the process of obtaining a 15-digit unique identification number from the tax authorities. Currently, it is mandatory for a business/supplier that has a turnover of above Rs.40 lakhs (Rs 10 lakhs for special category states present in hill states and North-Eastern states) to get registered under GST. Online GST registration is a simple process and it doesn’t require manual intervention or physical paper submission. Once the application is approved by the GST officer, the individual gets a registration certificate and a unique alphanumeric GSTIN. Usual Process of applying for GST Registration. The following are the two ways to register for GST: via GST Online Portal or via GST Seva Kendra set up by the Government of India You will receive your online GST registration certificate usually within 10 working days after all submissions for the registration. However, the processing officer of the GST department requests few applicants to provide additio...

The GST Act came into operation in 2016 and the implementation of the same began on July 1, 2017. A variety of indirect taxes previously levied by central and state governments like VAT, Service Tax, Local Body Tax, Central Excise duty, Central Sales Tax Purchase Tax, Luxury Tax, Entry Tax, Octroi, etc. have been compiled and accumulated under GST. As per the GST regulations, it is mandatory for a business or any supplier that has a turnover of above Rs.40 lakhs (Rs 10 lakhs for special category states present in hill states and North-Eastern states) to get their online GST registration done. The online GST registration process doesn’t require manual intervention or physical paper submission. The process is as simple as it may sound. It is usually completed within 4–6 working days and the supplier is allotted a 15-digit GST identification number and a certificate of registration by the GST department. GST was a great initiative taken by the Indian government and has provided many be...

The step of implementing GST in India was a historical move, as it marked a significant indirect tax reform in the country. Almost four and a half years ago, GST replaced 17 local levies like excise duty, service tax, VAT and 13 cesses. It is now paving the way for a common national market and Indian goods are also expected to be more competitive in international and domestic markets. With the motive of “One Nation One Tax”, this tax provision made the compliance procedure more transparent, seamless, and intuitive. Once You become eligible for registration under GST, you must apply for a unique GSTIN from the GST Portal. Online GST registration is required by every registered taxpayer in order to collect and pay GST on the outward supplies i.e. sales and for claiming ITC on the inward supplies i.e. purchases. Due to a lack of deep knowledge, Taxpayers and Tax Practitioners both commit some errors or mistakes at the time of the online GST registration process . GST commenced in 2017 ...

The implementation of Goods and Service Tax (GST) in India was a historical move, as it marked the beginning of a new era in India’s indirect tax structure. This multi-stage and destination-based tax framework has supplanted several indirect taxes in the country, such as VAT, service tax, and excise duty. In the three years following the announcement of the “One nation one tax” regime, SMEs and start-ups have enjoyed the benefits. One of the most important benefits of the move is simplifying the taxation procedure by bringing all the indirect taxes under a single category and also bringing some uniformity across the nation.   In this article, we’ll discuss the various advantages that GST gives to small businesses and start-ups on registration About online GST registration As per the GST rules, it is mandatory for a business/supplier that has a turnover of above Rs.40 lakhs (Rs 10 lakhs for special category states present in hill states and North-Eastern states) to regi...

On 1st July 2017, the government of India announced the implementation of GST in India. It was a big move, as it marked a significant indirect tax reform in the country by blending all indirect tax levied on goods and services. GST had replaced 17 local levies like excise duty, service tax, VAT and 13 cesses. Most of the complex indirect system problems have also been eased by GST with a simple, transparent and technology-driven tax regime and has thus integrated India into a single common market. Further, Tax arbitrage across states that distorted business investment decisions has also been eliminated by the implementation of GST. The present CGST replaced the earlier existing tax like service tax, excise, etc. whereas SGST replaced the earlier existing tax like sales tax, luxury tax, entry tax, etc. IGST is a combined form of CGST and SGST and had replaced earlier existing CST, CVD and SAD etc.. Taxes that were replaced by the GST The implementation of the Goods and Services Tax (GST...

Implementation of GST in India was a big move, as it marked a significant indirect tax reform in the country. The amalgamation of a large number of taxes which was levied at a central and state level into a single tax had expected to have big advantages. Almost about four years ago, GST had replaced 17 local levies like excise duty, service tax, VAT and 13 cesses. Most of the complex indirect system problems have also been eased by GST with a simple, transparent and technology-driven tax regime and has thus integrated India into a single common market. Further, Tax arbitrage across states that distorted business investment decisions has also been eliminated by the implementation of GST. In this article, we’ll talk about the different types of GST namely SGST, CGST, UTGST and IGST, their structure and a basic difference between them. Types of GST and its Explanation As per the newly implemented GST regime, there are 4 different types of GST namely : Integrated Goods and Services...

GST implementation in India was a historical move, as it marked a significant indirect tax reform in the country. One of the most important benefits of the move is the lessening of double taxation or the removal of the cascading effect of taxation. GST Identification Number (GSTIN) is a 15 digit number that is assigned to every GST registered person. It has replaced the earlier Tax Identification number which was allocated to businesses by state tax authorities for registering under the VAT system Further, GSTIN is State Specific therefore you have to take separate state-wise registration for branches in different states. The online GST registration process is usually completed within 4-6 working days and the supplier is allotted a 15-digit GSTIN (GST identification number) and a certificate of registration by the GST department. GSTIN format GSTIN is a 15-digit alphanumeric code. The format break-down of the GST Identification number is as follows: As per the Indian Census 20...

About Online Sole Proprietorship Registration Registering your company makes your business a distinguished entity and gives it a legal existence. It is very essential for protecting your business and securing its rights. It shields the business from personal liability and protects from other risks and losses and at the same time provides more customer attraction, more capital contribution, greater stability and increases the company's potential to expand. There are various forms of businesses available that one can register with. Among all, online sole proprietorship registration  is the most simple one with minimal compliance procedures. Any individual who wants to start a business from home or on a premise with a minimum amount can opt for the Sole proprietorship business type. It can be started within the time span of 10-15 days. Online Sole Proprietorship registration is a cakewalk only if you need to take care of some basic things Even though online sole proprietorship...

GST Registration is a process for applying for a unique GSTIN i.e. GST Identification Number on the GST Portal. The taxpayer requires GSTIN to collect and pay GST on the outward supplies i.e. sales and claim GST input tax credit on the inward supplies i.e. purchases. As per the GST rules, it is compulsory for a business/supplier that has a turnover of above Rs.40 lakhs (Rs 10 lakhs for special category states present in hill states and North-Eastern states) to register as a normal taxable entity. Also, there are various types of GST Registrations described under the GST Act. Types of Registration depends on the nature of the business. Undergoing the registration procedure is difficult without recognising its different forms. That’s why it is very necessary that we should be aware of their types & acquire a better idea regarding the same. GST Registration for Traders The applicability of GST to trading in securities is a confusing question that is very common amongst traders. It sho...

One Person Company and Sole Proprietorship are two different business structures & also are different in terms of their working but sometimes people get confused between them due to their similar sounding words. Sole Proprietorship registration is a popular type of enrollment of unregistered business institution owned, managed, and operated by a single person.  Sole proprietorship is the “One Man Business Entity”. All the investments for the business with sole proprietorship registration is done by the single proprietor who bears all the losses and enjoys all the profits. The overall control of the business as well as its management is in his hands. He can appoint individuals for conducting the business, but the ownership will rest solely with him. Whereas one the other hand, One person company registration is an improved and better form of a sole proprietorship registration . One person companies are a great business organization structure for medium-sized businesses. The ...