What is the procedure for GST Registration for my business What is the procedure for Service Tax registration for my business

What is the procedure for GST Registration for my business What is the procedure for Service Tax registration for my business

 GST (Goods and service tax act)

Goods and Service Tax is an indirect tax on manufacture, sale and consumption of goods and services at state and central level. It is introduced to replace multiple indirect taxes and services like VAT/Sales Tax, Central Sales Tax, Entertainment Tax, Octroi and Entry Tax, Purchase Tax, Luxury Tax, Taxes on Betting, Lottery and gambling by the Indian state and central government. Every person dealing in goods or services is required to get register if aggregate turnover exceeds 9 lakhs in case of North East India and 19 lakhs for the rest of India. Every supplier has to pay tax if turnover exceeds 10 lakh in case of North East India and 20 lakh for the rest of India.GST shall be payable within due dates and should be mandatorily E-file within notified due dates by government of India.

 What is the Registration process for GST

 GST registration process will be online through Government portal maintained by Central government

·         Create login account on the GST website to initiate the Registration Process.

·         Fill form Part-1 of GST REG-01

·         Fill application form GST REG-2 and upload documents requires for GST registration are as follows

§  Photograph

§  Constitution of Taxpayer- Partnership Deed, Certificate of Incorporation etc.,

§  Proof of principle place of business – Electricity Bill, Rent agreement.

§  Bank Account details.

·         Once the application is filed the it would be forwarded to proper officer for further verification

·         GST registration will be granted within 3 working days after verification process

·         If any deficiency found in the application same will be notified to applicant in form GST REG-03

·         Applicant will have to respond within 7 working days through form GGST REG-04

·         The certificate of Registration will be issued in form GST REG-06

·         Certificate can be downloaded from common portal using login id passwords.

 Persons liable to take registration under GST

 Every person dealing in goods or services is required to get register if aggregate turnover exceeds 9 lakhs in case of North East India and 19 lakhs for the rest of India. However the following categories of persons are liable to get registered irrespective of threshold

·         Person making inter-state sales

·         Person who are liable to pay tax under reverse charge mechanism

·         Casual taxable person

·         Non resident taxable person

·         Input service distributor

·         Electronic commerce operator

·         An aggregator who supplies services under his brand name or trade name

·         Person who supply goods and services other than branded services through electronic commerce operator

·         Such other persons as may be notified by central or state government on recommendations of the council

 Due dates for Filling of returns

Return

Due date

Form

Outward supplies

10th of each month

GSTR-1

Inward supplies

15th of each month

GSTR-2

Summery return for all taxable persons except specified

20th of each month

GSTR-3

Composition Person

18th of each month following end of quarter

GSTR-4

Periodic return by Non-Resident

Last day of registration

GSTR-5

Input service distributor

13th of each month

GSTR-6

Tax deductor

10th of each month

GSTR-7

Annual return

31st December every FY

GSTR-8

Final return

3 month from date of cancellation or Order of cancellation whichever is later