GST Registration
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- Regd Office: Kalamassery
- Services available @Edavanakad & Panayikulam
- +91 8281 355 673
- info@outbay.in
Start Your GST Registration Process with OUTBAY
We at OUTBAY make your company’s GST Registration Process less difficult. Whether it is about filling up a form or paper submission, every stage of ensuring conformity to all standards relevant to that will be guided to you by our staff. Precise and in time, the tasks will get done. Outsource all the work and let OUTBAY do your company’s GST registration so that you can focus on the expansion of your company.
What Is GST Registration?
The registration process under the GST law is the process in which a business registers itself with the government under the GST law in India. It is one of the compulsion requirements by the government to be done when the turnover crosses a certain amount. GST registration provides a unique GSTIN for the business that allows it to collect and pay GST to the government. Thus, this whole process ensures the compliance of the tax regulations by the business. It also lets the business obtain input tax credit. GST registration is a mandatory process for businesses exceeding a specific turnover or operating in certain sectors. It provides a unique GST Identification Number (GSTIN) and allows businesses to collect GST from customers, file returns, and claim tax credits.
Our GST Registration Services Include:
- Eligibility Assessment
- Document Collection & Preparation
- Filing Application
- GSTIN Issuance Support
- Expert Guidance
- Ongoing Compliance Assistance
Start Your GST Process Now
Frequently Asked Questions
What is GST registration?
GST registration is the process by which a business gets registered under the Goods and Services Tax (GST) system in India. Any business whose annual turnover is more than ₹20 lakhs (₹10 lakhs for special category states) needs to get registered for GST. Some specific businesses also need to get registered irrespective of their turnover, such as those who deal with inter-state supply.
What documents are necessary for GST registration?
The documents required for GST registration typically include:
- PAN card of the business or applicant
- Aadhaar card
- Proof of business registration or incorporation certificate
- Identity and address proof of promoters/directors with photographs
- Bank account statement/cancelled cheque
- Digital signature
- Address proof of the place of business
What is the procedure to apply for GST registration?
To apply for GST registration, a business needs to:
- Visit the GST portal (www.gst.gov.in).
- Click on ‘Register Now’ under ‘Taxpayers’.
- Fill in the required details such as PAN, email, and mobile number.
- Receive the OTPs and complete OTP verification.
- Fill in the application form and upload the required documents.
- Submit the application after completing the form.
- Receive an Application Reference Number (ARN) via email or SMS.
Why should businesses register for GST?
The benefits of GST registration include:
- Legal recognition as a supplier of goods or services.
- Proper accounting of taxes paid on the input goods or services that can be utilized.
- Pass on the credit of the taxes paid to the purchasers or recipients.
- Legal compliance and avoidance of penalties.
- Ability to conduct business inter-state without restrictions.
What penalties can be imposed for not registering under GST when required?
If a business that is required to register under GST fails to do so, it can face significant penalties, including:
- A penalty of 10% of the tax amount due, subject to a minimum of ₹10,000.
- In cases of deliberate tax evasion, the penalty can be 100% of the tax amount due.
- The business can also face legal action and further consequences as per the GST law
.