GST Registration – A Complete Guide
Goods and Services Tax (GST) is a crucial indirect tax system in India that has replaced multiple state and central taxes. Every business involved in the supply of goods and services must register for GST to comply with tax laws and ensure smooth operations. Bhavya Associates offers end-to-end GST registration services, helping businesses get registered quickly and efficiently.
What is GST?
GST is a comprehensive, multi-stage, destination-based tax levied on every value addition in the supply chain. It replaces taxes like VAT, Service Tax, Excise Duty, and others, simplifying the tax structure and reducing the tax burden on businesses.
Types of GST in India
1️⃣ CGST (Central GST) – Collected by the central government on intra-state transactions.
2️⃣ SGST (State GST) – Collected by the state government on intra-state transactions.
3️⃣ IGST (Integrated GST) – Collected by the central government on inter-state transactions.
4️⃣ UTGST (Union Territory GST) – Applicable in Union Territories like Delhi, Chandigarh, and Lakshadweep.
Who Needs GST Registration?
GST registration is mandatory for:
✔ Businesses with an annual turnover exceeding ₹40 lakh (₹20 lakh for service providers and special category states).
✔ Inter-state suppliers of goods and services.
✔ E-commerce businesses (Amazon, Flipkart, etc.).
✔ Importers and exporters.
✔ Businesses dealing in taxable goods & services.
✔ Casual taxable persons (temporary businesses).
✔ Input service distributors (ISD) distributing tax credit to branches.
Benefits of GST Registration
✅ Legal Recognition – A GST-registered business is legally recognized and trusted by customers.
✅ Seamless Input Tax Credit (ITC) – Businesses can claim tax credit on purchases, reducing costs.
✅ Compliance with Government Rules – Avoid penalties and legal issues.
✅ Nationwide Business Expansion – Operate in multiple states without restrictions.
✅ Ease of Doing Business – Simplifies tax filing and improves business credibility.
Types of GST Registration
1️⃣ Normal Taxpayer – Standard registration for businesses with a turnover exceeding ₹40 lakh.
2️⃣ Composition Scheme – For small businesses with turnover up to ₹1.5 crore, paying a fixed GST percentage.
3️⃣ Casual Taxpayer – For businesses operating temporarily in different locations.
4️⃣ Non-Resident Taxpayer – For foreign businesses supplying goods or services in India.
5️⃣ E-Commerce Operators – Required for businesses selling online through marketplaces.
GST Registration Process – Step by Step
Step 1: Online Application
- Visit the GST portal (www.gst.gov.in) and fill out Form GST REG-01 with basic details.
Step 2: OTP Verification & TRN Generation
- Verify mobile number & email using OTP to generate Temporary Reference Number (TRN).
Step 3: Submit Business Details
- Provide details like PAN, business name, type of business, and address.
Step 4: Upload Required Documents
- Submit identity proof, address proof, business proof, and bank details.
Step 5: Verification & Approval
- GST officer verifies details and issues GSTIN (GST Identification Number) within 7 days.
Documents Required for GST Registration
✔ PAN Card of the business owner.
✔ Aadhaar Card for identity verification.
✔ Business Registration Certificate (if applicable).
✔ Address Proof (Electricity bill, Rent Agreement, or Property Tax receipt).
✔ Bank Account Details (Cancelled cheque or bank statement).
✔ Digital Signature Certificate (DSC) for companies and LLPs.
GST Return Filing After Registration
After registration, businesses must file GST returns regularly:
- GSTR-1 – Monthly or quarterly return for outward supplies.
- GSTR-3B – Summary return for input tax credit and output tax liability.
- GSTR-9 – Annual GST return for businesses.
- GSTR-4 – For businesses under the Composition Scheme.
Penalties for Non-Compliance
Failure to register or comply with GST rules can result in:
❌ Penalty of 10% of tax amount (minimum ₹10,000) for unintentional errors.
❌ 100% penalty for intentional tax evasion.
❌ Business restrictions and legal consequences.
Why Choose Bhavya Associates for GST Registration?
✔ Expert Guidance – Hassle-free GST registration & compliance support.
✔ End-to-End Assistance – From document collection to GSTIN approval.
✔ Quick Processing – Get your GST registration done in the shortest time.
✔ Affordable Pricing – No hidden charges, 100% transparent process.
At Bhavya Associates, we make GST registration simple and stress-free so you can focus on growing your business. Contact us today to get your GST number hassle-free!