Saturday, 12 August 2017

When GST Registration Number is Mandatory or Required ?


Apply at for Online GST Registration. It costs INR 50, 000

Goods and Services Tax (GST)-

GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. GST Law has replaced many indirect tax laws that previously existed in India. Goods and Services Tax (GST) is an indirect tax reform which aims to remove tax barriers between states and create a single market. Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage. 

GST rates

The GST Council, headed by Jaitley and of which all states Finance Ministers are members, has approved four main tax slabs -- 5 per cent, 12 per cent, 18 per cent and 28 per cent that aims to lower tax incidence on essential items and to keep the highest rate for luxury and demerits goods. The lowest rate of 5 per cent will be on items of mass consumption which are used particularly by common people. The second and third category of standard rates of 12 and 18 per cent will accommodate most of the goods and services. The fourth slab of 28 per cent is levied mainly on white goods such as refrigerators, washing machines etc.

Documents required for GST registration:

  • PAN card of the Company
  • Proof of constitution like partnership deed, Memorandum of Association (MOA) /Articles of Association (AOA), certificate of incorporation.
  • Details and proof of place of business like rent agreement or electricity bill
  • Cancelled cheque of your bank account showing name of account holder, MICR code, IFSC code and bank branch details
  • Authorized signatory like List of partners with their identity and address proof in case of partnership firm or List of directors with their identity and address proof in case of company.
GST will apply when turnover of the business exceeds Rs 20 lakhs (Limit is Rs 10 lakhs for the North Eastern States).

A person without GST registration can neither collect GST from his customers nor claim any input tax credit of GST paid by him.

For any query please contact at

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