GST registration

 > GST registration




    Procedure to obtain certificate





    Frequently asked question

    Businesses involved in the sale of goods whose turnover exceeds ₹40 lakhs (₹20 lakhs for north-eastern and hill states) are required to register as a normal taxable person. For service providers, the threshold is ₹20 lakhs (₹10 lakhs for north-eastern and hill states).



    Yes, you can sell both Goods and Services with one GST number, Provided you have listed such Goods/Services while registering under GST.



    What is the composition scheme under GST?The composition scheme was introduced to reduce the compliance burden on small taxpayers and it allows them to file quarterly returns instead of monthly returns. Any taxpayer whose aggregate turnover is less than 1.5 crores is eligible to opt for the scheme.



    There are four GST types namely

    Integrated Goods and Services Tax (IGST)

    State Goods and Services Tax (SGST)

    Central Goods and Services Tax (CGST), and

    Union Territory Goods and Services Tax (UTGST)

    The taxation rate under each of them is different.



    Business entities need to register under GST and obtain a unique 15-digit Goods and Services Tax Identification Number (GSTIN). This has replaced the Tax Identification Number (TIN) allotted to businesses by state tax authorities for registering under the VAT system.



    No, both savings and current accounts can be provided for getting registered under GST.



    HSN stands for Harmonized System of Nomenclature which is internationally accepted product coding system to maintain uniformity in the classification of goods. Service Accounting Codes (SAC) are adopted by the Central Board of Excise and Customs (CBEC) for identification of the services



    Not having GST Registration : 100% tax Due or Rs10,000. Whichever is higher

    Not giving GST invoice : 100% tax due or Rs10,000. Whichever is higher

    Incorrect Invoicing : Rs 25,000

    Not filing GST Tax Returns : For Nil Return its Rs 20 Per Day, Regular Returns Rs 50 Per Day.

    Choosing Composition Scheme even if not eligible : 100% tax due or Rs10,000. Whichever is higher