GST Services

Online GST Registration – How to Register for GST in India

How to Register GST online

Why GST Registration is a must for businesses in India?

GST (Goods and Services Tax) is one of the biggest reforms that India has been seeing since Independence. As GST has been implemented from 1st July 2017, it has initiated a new tax regime in India replacing all indirect taxes levied by the Central & State Government in India with a single tax on every product and service throughout the country without any border check-post, which will reduce the logistics cost of trade across India considerably and improve ease of doing business in India drastically.

What does Goods and Services Tax (GST) stand for?

GST is a value- added duty levied on utmost goods and services vended for domestic consumption. The GST is paid by consumers, but it's remitted to the government by businesses. GST was introduced in India on July 1, 2017, and is administered by the Central Board of Excise and Customs( CBEC). To register for GST, businesses must file an operation with the CBEC. GST services are handed by colorful private realities, including fileforindia.

What are GSTR 1, 2, 3?

GSTR 1 is a monthly or quarterly return that captures details of all outward supplies. GSTR 2 is a monthly or quarterly return that captures details of all inward supplies. GSTR 3 is a monthly return that reconciles the differences between GSTR 1 and GSTR 2. To register for GST, businesses need to file and obtain a GST number. GST services help businesses with the entire process of filing and paying GST. They offer their clients a seamless experience from registration to compliance. It’s easy to find the right GST service provider on fileforindia as they have different packages based on business size and complexity of requirements. GST registration is crucial as it helps prevent penalties, ensure compliance, avoid late filing fees and get an exemption if applicable. The benefits make it worth investing in GST services early on when your business starts growing.

Benefits of getting registered under GST

  • 1. You can avail Input Tax Credit(ITC) on tax paid on inputs- raw materials, services used- which can be set off against tax payable on your outputs.
  • 2. Only registered businesses can file refund of taxes paid on their inputs.
  • 3. Online GST Registration ensures seamless availment of ITC as all invoices from suppliers are matched with the GST returns filed by the business.

Who are required to get registered under Goods & Services Tax Act?

Any business that has a turnover of more than Rs. 20 lakhs (Rs. 10 lakhs for special category states) is required to get registered under GST. Businesses providing online information and database access or retrieval services to non-residents in India are also required to obtain registration, even if their turnover is below the threshold limit. You can easily register your business by visiting the fileforindia website and applying for Online GST Registration. Once you have successfully filed your GST Application form, you will receive an email confirming your registration with some instructions on how to complete the process.

What are Input Tax Credit (ITC)?

Input Tax Credit (ITC) is a tax credit that businesses can claim on taxes paid on inputs and input services used to make their final products or services. ITC can be claimed on taxes paid on purchases made from suppliers, as well as on taxes paid on services used. ITC can be claimed only if the business is registered for GST. To claim ITC, businesses must maintain proper documentation of their purchases and invoices.

How can register on the GST portal?

  • Go to the website and click on the registration link.
  • Enter your personal details like name, email ID, and mobile number.
  • Choose a user ID and password.
  • Verify your email and mobile number via OTP.
  • Fill up all the necessary details about your business including PAN card, tax identification number (TIN), etc.
  • Click on the 'Submit' button and you are done!

When will I get my registration number?

After you file, you will receive a registration number that is valid for five years. You will need to renew your registration every five years.

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