Goods And Services Tax (GST)
Expert Assistance for a Hassle-Free GST Application
Price: Rs. 999/– (All-Inclusive)
Fast & Reliable Service
Quick and Easy GST Registration with Professional Support!
Our Simple 4-Step Process
We Handle the Details, You Focus on Your Business
Consult Our Experts
We have the best business experts who can resolve all your queries
Submit Required Documents
Provide all the documents. Our team will initiate the paper work on your behalf
Efficient Document Processing
The document filing process will commence through the designated portal
Receive Your GST Certification
GST Registration is completed and the certificates will be sent to you.
GST Returns
Explore our streamlined process by reviewing the necessary documents below.
Filing of a GST-Nil return
₹299/-
offer price exc. of all taxes
Get Flat 10% off
Use Code CDFG464
Key Feature
- No Sales or Purchases
- Online Filing
- GSTR-3B Form
- In Just a Moment
Know More
GST monthly return filing
₹1,499/-
offer price exc. of all taxes
Get Flat 10% off
Use Code CDFG464
Key Feature
- Input Tax Credit (ITC) Claim
- Accurate Financial Records
- Reduced Late Filing Penalties
Know More
GST quarterly return filing
₹2,199/-
offer price exc. of all taxes
Get Flat 10% off
Use Code CDFG464
Key Feature
- Reduced Frequency
- Streamlined Compliance
- Improved Cash Flow Management
Know More
GST annual return filing
₹3,599/-
offer price exc. of all taxes
Get Flat 10% off
Use Code CDFG464
Key Feature
- Comprehensive Tax Reporting
- Reconciliation of Financial Data
- Input Tax Credit (ITC) Reconciliation
Know More
Complete GST Software
An all-in-one cloud-based GST toolkit simplifies your GST return filing experience with
error-free automated ingestion to smart reporting
All filings, G1 to G9
Connect with 100s of ERPs,
import data error-free
All filings, G1 to G9
Claim 100% ITC and save an
average of 4% GST everytime.
Upto 7% tax savings
Claim 100% ITC and save an
average of 4% GST everytime.
3x faster experience
Save 2 man-days per GSTIN every month
Bank-grade security
Leading GSP with SSL, SOC 2 and ISO certifications
AI powered matching
Match 6,000 invoices in a minute, detect 100% tax credits
Explore other Products in the stack
A diverse range of solutions tailored to meet your needs
E-Invocing
Integrated with existing Tally Silver Prime and Get First integration at zero cost
Features:
- Hassle-free integration
- Roboust error handling
- High Scalability
E-Way Bill
Generating your e-way bill on Legal India Taxation Platform Faster and error-free
Features:
- In-built intelligence
- 100+ validations
- Scheduling of e-way bills
TDS
India’s leading online cloud based e-TDS solution with no software downloads
Features:
- Prepare e-TDS statement
- Easily generate FVU file
- TRACES Integration
GST Registration Overview:
The Goods and Services Tax (GST) is a comprehensive indirect tax system adopted by many countries. It replaces multiple taxes with a unified structure, eliminating complexities and promoting a seamless flow of goods and services. GST operates on a dual model, comprising central GST (CGST) and state GST (SGST). The input tax credit ensures taxes are levied only on value addition. With multiple tax slabs, exemptions, and electronic filing, GST aims for transparency and efficiency. It has a profound impact on businesses, influencing pricing strategies and supply chain dynamics. This global trend fosters a modernized, destination-based tax approach.
Benefit Of Having a GST:
1. Unified Tax Structure: GST replaces multiple indirect taxes, creating a single, comprehensive tax structure. This simplification reduces the complexity of the tax system for businesses.
2. Elimination of Cascading Effect: Input Tax Credit under GST ensures that taxes are levied only on the value addition at each stage of the supply chain. This eliminates the cascading effect of taxes, leading to a more efficient and equitable tax system.
3. Ease of Doing Business: GST streamlines compliance procedures through digital filing and standardized documentation. This simplification reduces paperwork and administrative burdens, making it easier for businesses to operate.
4. Reduced Tax Evasion: With a transparent and traceable tax system, GST helps reduce tax evasion. The digital nature of GST transactions and compliance processes enhances accountability and reduces the scope for fraudulent activities.
5. Promotion of Economic Growth: By fostering a more business-friendly environment, GST promotes economic growth. It encourages investments, stimulates trade, and enhances the competitiveness of businesses in the global market.
6. Uniform Tax Rates: GST introduces uniform tax rates across states, reducing tax differentials and creating a level playing field for businesses. This uniformity contributes to the ease of doing business across regions.
7. Boost to Manufacturing and Export: Input Tax Credit and reduced tax burdens contribute to cost savings for manufacturers. This, in turn, boosts production, lowers prices, and enhances the competitiveness of goods in both domestic and international markets.
8. Simplified Supply Chain Management: GST simplifies supply chain processes by providing a standardized tax structure. This simplification results in more efficient logistics and distribution management.
9. Improved Tax Compliance: The digital filing and real-time monitoring aspects of GST enhance tax compliance. Businesses are required to file regular returns, contributing to a more accountable and disciplined business environment.
10. Benefit to Consumers: GST aims to lower the overall tax burden on consumers by eliminating the cascading effect and promoting fairer pricing of goods and services.
11. Enhanced Government Revenue: The streamlined tax collection and reduced scope for evasion contribute to enhanced government revenue. This revenue can be utilized for public welfare and infrastructure development.
12. Global Trend towards Indirect Tax Reform: Adopting GST aligns countries with a global trend towards modernizing indirect tax systems. It facilitates international trade and cooperation in a world where many nations have embraced similar tax reforms.
Requirement of GST:
1. Business Entity: To register for GST, you must have a legal business entity, which can be a sole proprietorship, partnership, limited liability company, or any other recognized business structure.
2. Threshold Turnover: There is often a threshold turnover limit below which businesses are not required to register for GST. Once a business exceeds this limit, GST registration becomes mandatory.
3. PAN (Permanent Account Number): A valid PAN issued by the Income Tax Department is a mandatory requirement for GST registration. PAN is used as the primary identifier for tax purposes.
4. Address Proof: Submission of address proof for the business entity is essential. This can include a utility bill, rent agreement, or any other document that verifies the physical location of the business.
5. Bank Account Details: Valid bank account details of the business entity are required for GST registration. This includes a canceled cheque or bank statement.
6. Nature of Business: Details regarding the nature of the business, such as the type of goods or services offered, are typically part of the registration process.
7. Details of Partners/Directors/Proprietor: Personal details of the partners, directors, or proprietor, including their names, addresses, and contact information.
8. Digital Photographs: Recent passport-sized photographs of the applicant for identity verification.
9. Authorization Letter (if applicable): In cases where the application is submitted by an authorized representative, an authorization letter empowering the representative to apply for GST on behalf of the business entity may be required.
10. Business Turnover Details: Information regarding the turnover of the business, including sales and purchases, is typically required during the registration process.
11. Additional Documents as Applicable: Depending on the nature of the business and the country’s specific requirements, additional documents such as the partnership deed, memorandum of association, articles of association, or other relevant documents may be needed.
Types of GST Registration :
1. Central Goods and Services Tax (CGST): CGST is the component of GST that is levied by the central government in a dual GST system. It applies to intra-state transactions, where both the supplier and the consumer are in the same state.
2. State Goods and Services Tax (SGST): SGST is the counterpart to CGST and is levied by the individual states. It is applicable to intra-state transactions and aims to ensure that both the central and state governments collect revenue from the same transaction.
3. Integrated Goods and Services Tax (IGST): IGST is applicable to inter-state transactions, where the supplier and the consumer are located in different states or union territories. It is collected by the central government and then distributed to the respective states.
4. Union Territory Goods and Services Tax (UTGST): For transactions within union territories, UTGST is levied by the central government. This tax is akin to SGST but applies specifically to union territories.
5. State Integrated Goods and Services Tax (UTGST): In some countries, especially those with a federal structure, a State Integrated Goods and Services Tax (UTGST) may be applicable. This is levied by individual states or union territories on inter-state transactions.
6. Dual GST Model: Many countries, including India, follow a dual GST model where both the central and state governments have the authority to levy and collect GST. This model aims to maintain fiscal federalism by allowing both levels of government to participate in the tax collection process.
7. Composite GST: Some countries implement a composite GST that combines multiple indirect taxes into a single unified tax system. This type of GST streamlines tax administration and reduces the complexity of the tax structure.
8. Multiple Slabs GST: GST often incorporates multiple tax slabs based on the nature of goods or services. Common slabs include a standard rate, a lower rate for essential items, and a higher rate for luxury or demerit goods.
9. Zero-Rated GST: Certain countries include a zero-rated category within GST for specific goods and services. This means that these goods and services are subject to a 0% tax rate, promoting their affordability.
10. State Specific GST: In some regions, especially those with a high degree of autonomy, states may have the authority to determine their own GST rates, leading to state-specific variations in the tax structure.
Documents for New GST Registration
1. PAN Card: A copy of the Permanent Account Number (PAN) card, which serves as a primary identifier for tax purposes.
2. Proof of Identity: Documents such as Aadhar card, passport, voter ID, or any other government-issued photo ID for the verification of identity.
3. Address Proof: Valid address proof documents, including utility bills, rent agreements, or other documents establishing the physical location of the business.
4. Bank Account Details: Valid bank account details, which may include a canceled cheque or bank statement, for the purpose of tax transactions.
5. Business Registration Certificate: Depending on the type of business entity, documents such as the certificate of incorporation, partnership deed, or registration certificate may be required.
6. Nature of Business: Information detailing the nature of the business, including the type of goods or services offered.
7. Turnover Details: Information related to the turnover of the business, including sales and purchases.
8. Digital Photographs: Recent passport-sized photographs of the applicant for identity verification.
9. Authorization Letter (if applicable): In cases where the application is submitted by an authorized representative, an authorization letter empowering the representative to apply for GST on behalf of the business entity may be required.
10. GST Registration Application Form: The completed GST registration application form, which can usually be obtained from the tax department’s website.
11. Additional Documents as Applicable: Depending on specific requirements or the nature of the business, additional documents may be requested by the tax authorities. These may include invoices, purchase orders, or other relevant business records.
Sample Certificate
FAQs (Frequently Asked Questions)
What is GST?
The Goods and Services Tax is a unified, multi-stage, and consumption-based tax levied on the supply of goods or services, combining all stages such as manufacture, sale and consumption of goods and services. It functions at a national level in order to replace most of the national and state tax systems like VAT, service tax, excise duty, etc. It removes the cascading effect of tax-on-tax, earlier prevalent. It is applicable to you if you are into manufacturing, trading, e-commerce or providing services, and your annual turnover exceeds a prescribed limit.
How to enrol for GST?
You can enrol for GST via the common portal of the Goods and Services Tax. ClearTax can also help you with your enrollment. For more details
Can I have multiple registrations?
Yes, a person with multiple business verticals in a state may obtain a separate registration for each business vertical (in each state).
Which taxes did GST replace?
GST replaced all the taxes currently levied and collected by the centre (such as Central Excise Duty and CVD) and by the state (such as VAT and CST) on businesses.