GST Registration in Chennai

GST REGISTRATION SERVICES

Under the new tax regime of Goods and Services Tax, all persons involved in the supply of goods or services are required to obtain registration of GST. Threshold limit for registration for those engaged in the exclusive supply of goods enhanced to Rs. 40 Lakhs (Rs 10 lakhs for Northern Eastern and hill states) is required to register as a normal taxable person. However, the threshold for registration for service providers would continue to be Rs 20 lakhs. This process of registration is called GST registration in Chennai, Coimbatore and across Tamilnadu

Once completing the registration process, Gst Registration Consultants in Chennai, Coimbatore will track for receiving a unique GSTIN (Goods & Service Tax Identification Number). It consists of 15 alphanumeric digits which denote as follows – First 2 digits shows the state code, next 10 digits indicates PAN Number of the person who registered, Next 1 digit shows the serial no of serial number of GST registration in the same state, Next comes alphabet “Z” by default, & last digit may come with alphabet or number randomly. Be aware that, GST registration certificate can be downloaded from GST Portal, there are no hard copies of registration certificate will be issued by the Government.

After getting a GST Certificate, it is mandatory to file the Monthly GST Filing in Chennai & also annual return correctly on time to avoid interest and late fees. A taxpayer must file a Nil return even if he doesn’t have any transactions to report for that particular tax period.  Even if you need any Tax  Consultation & Guidance on any Tax rules & laws, Our Virtual Accounts Manager will help you to sort out your Tax related issues. Apart from GST Registration, you can also register yourself under MSME to get a lower interest rate on loans, to procure Government orders & tenders and other various tax benefits and schemes offered by the Government. We do your MSME Registration in the new Udayam Registration Portal which was launched on 1st July 2020. Existing users of MSME can approach us for re-registration in this new portal. The Old MSME (Udhyog Aadhar Number) will be valid only till 31st March 2021.

Penalty for not registering under GST

An offender not paying tax or making short payments (genuine errors) has to pay a penalty of 10% of the tax amount due subject to a minimum of Rs.10,000.

The penalty will at 100% of the tax amount due when the offender has deliberately evaded paying taxes

LIST OF DOCUMENTS REQUIRED FOR
GST REGISTRATION:

Aadhar card with essential KYC Documents (Passport, driving license, Voters identity card, etc)
Valid Indian Mobile Number
Valid email address
Pan Card of the Applicant
Bank Account 3 Months Statement / Cancelled Cheque
Address proof of the Place of Business (Rent Agreement with NOC if rented or Property Sale Deed if self-owned with a Utility bill)
Business registration Proof
Photograph (in JPEG format, maximum size – 100 KB)
Partnership Deed in case of Partnership Firm.
Digital Signature (if available)

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    Our Service Plans – GST Registration in Chennai

    • Silver Plan
    • ₹500 + GST

    • For New Startup (1 GSTN) (Individuals, Freelancers, Consultant)

    • Book Now
    • Gold Plan
    • ₹1,000 + GST

    • Medium  (1 GSTN) (Partnership & LLP)

    • Book Now

    RECOGNITION

    Will be Recognised as a Supplier of Goods & Services legally

    CREDIBILITY

    Increases credibility of the business on paying taxes and filing returns.

    IDENTITY

    Helps in identifying your business by other registered people.

    AUTHORIZATION

    Legally authorized to collect tax & Claim Input Tax credit.

    Service coverage

    Registration is though done online but is very complicated and advised to be done by professionals.

    DOCUMENT VERIFICATION

    Verification of Documents collected based on the Applicant Type

    ACKNOWLEDGEMENT

    ARN is generated after submission of application on the GST Portal with all information and required documents.

    HANDOVER

    The certificate of GST registration is issued by the GSTIN and GST Number will be allotted in approx a week time.

    FILLING APPLICATION FORM

    Filing the online Application form for GST Registration. After submission of the application, OTP is sent on the phone and email of the Applicant.

    TRACKING APPLICATION STATUS

    After generation of ARN, dealing with Respective Authorities & Following until Certificate is granted.

    GST Registration – Frequently Asked Questions

    What is GST?

    GST stands for Goods and Service Tax. It is a kind of tax imposed on sale, manufacturing and usage of goods and services. Goods and Service Tax is applied on services and goods at a national level with the purpose of achieving overall economic growth. GST is particularly designed to replace the indirect taxes imposed on goods and services by the Centre and States. You will get 15digit unique GST Number for your business once completing GST Registration in Chennai.

    What are the types of registration under GST?

    Following are the categories of GST tax payers in India :—

    • Any business whose turnover in a financial year exceeds Rs 20 lakhs (Rs 10 lakhs for North Eastern and hill states).
    • Every person who is registered under an earlier law (i.e., Excise, VAT, Service Tax etc.) needs to register under GST, too.
    • When a business which is registered has been transferred to someone/demerged, the transferee shall take registration with effect from date of transfer.
    • Anyone who drives inter-state supply of goods
    • Casual taxable person
    • Non-Resident taxable person
    • Agents of a supplier
    • Those paying tax under the reverse charge mechanism
    • Input service distributor
    • E- commerce operators or aggregator
    • Person who supplies via e-commerce aggregator
    • Person supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered taxable person

    Note:- List presented on the basis of the taxable person mandatorily required to register under GST Act.

    What are the types of GST?

    The Indian GST system currently has 4 non-zero GST rates (5, 12, 18, and 28%) In simple words, it will pay tax to both the central and a state government of India.

    To do so we have three terms of GST i.e.

    • CGST
    • SGST
    • IGST

    What is SGST?

    SGST – SGST means the ‘State Goods and Service Tax’ which means the amount collected under this section of the tax is under control of the state government.

    Who should get Registered under GST?

    1. If your business has previous registration under VAT, Excise Laws, Service Tax Laws
    2. Businesses having annual turnover more than Rs 40 Lakhs Per Annum (Rs 10 Lakh for North Eastern States) for Supply of Goods and for Service providers Annual turnover more than Rs 20 lakhs.
    3. If the business is dealing in more than one state
    4. Selling your goods or services online (like selling on Amazon and Flipkart)
    5. If you are providing services and goods outside India.

    Do I need to charge GST if I am not registered?

    In case you’re not a registered person in GST you can’t take charge of GST on your customer. You won’t be able to raise GST invoices, nor will you be able to claim GST input tax credit. But as per the current tax regime, every businessman has to fulfil GST compliance, hence GST registration is essential. You can contact GST Registration Consultants in Chennai to get your GST registration done.

    What are the types of Taxpayers in GST?

    There are mainly three types of taxpayers in GST

    • Monthly taxpayers with Turnover more than 1.5 crores
    • Quarterly taxpayers with Turnover less than 1.5 crores
    • A person registered under composition scheme

    What is CGST?

    CGST – CGST means the ‘Central Goods and Service Tax’ which means the amount collected under this section of the tax is under control of the central government.

    What is IGST?

    IGST – IGST means the ‘Integrated Goods and Service Tax’ which means the amount collected under this section will be paid to Central and State governments.

    What will happen in the case of the death of a proprietor under GST?

    Since proprietorship concern has no long-lasting existence, sole proprietorship comes to an end if the proprietor dies. The GST registration is a PAN-based registration. In case of death of the sole proprietor, If the business is to be carried on by the legal heir, he cannot continue with the existing GST registration, since the legal heir will be having a different PAN Number. Thus, the legal heir needs to take a new registration if not already registered and also ensure that the balance of ITC lying in the electronic credit ledger of the sole proprietor is transferred to him. Also, the legal heir has to file the application for cancellation of GST registration on account of the death of the sole proprietor.

    There can be 2 circumstances on the death of the sole proprietorship either the business can be transferred legal heir or the business can be discontinued.

    It is not advised to continue the business in the deceased name & GST number,  It would be better to form a new proprietorship firm.

    Read more to know the steps to be followed

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