GST Registration Online: SuperCA

GST was introduced by the government as a single tax for the entire country in order to simplify the Indirect Tax System. At present, GST serves as the foundation for all tax lines, including Central Excise, Service Tax, VAT etc. With the motive of “One Nation One Tax”, this tax provision made the compliance procedure more transparent, seamless, and intuitive. As we talk about being GST compliant, one of the most important aspects is the timely filing of online GST returns . These returns are filed to pay taxes as well as to provide data to the government relating to the transactions made by the business during the period under consideration. Once you file GST returns, you will need to pay the resulting tax liability i.e. money that you owe the government All the Registered individuals have to get their online GST Return filing done irrespective of the type of business or turnover or profitability during the return filing period. Under the GST Regime, even a dormant business in In...

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...

A GST return contains all the details of sales, purchases, tax collected on sales and tax paid on purchases that need to be filed compulsorily by all registered taxpayers. Once you file GST returns, you will need to pay the resulting tax liability i.e money that you owe the government. The details of sales and purchases of the goods and services plus the tax paid and collected have to be furnished by all registered individuals, traders, organizations, and companies. Such details are submitted by online GST return filing and on the basis of this, the tax authorities calculate tax liability. Who should file a GST return? Under the GST Regime, all registered dealers are required to file the return irrespective of the type of business or turnover or profitability during the return filing period. Even a dormant business that has obtained registration under GST must do an online GST return filing. Two monthly returns and one annual return are to be filed by a regular business having more th...

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...