GST Registration

Comprehensive Guide to GST Registration Online | Fincto.io

The Goods & Services Tax (GST), introduced on 1 July 2017, is a landmark reform that transformed India’s indirect tax system.

Applicable to all service providers, traders, and manufacturers, GST replaced various Central and State taxes, unifying the taxation structure. Trust Fincto.io, your reliable partner, to navigate you through the complexities and formalities of GST registration.

Understanding GST Components

GST comprises three tax components:

Central Goods and Services Tax (CGST)

Levied by the Central Government on intra-state transactions.

State Goods and Services Tax (SGST)

Imposed by State Governments on intra-state transactions.

Integrated Goods and Services Tax (IGST)

Applicable on inter-state transactions, collected by the Central Government.

Mandatory Documents for Online GST Registration

The required documents vary depending on the type of business entity:

Proprietorship

PAN Card and address proof of the proprietor.

LLP (Limited Liability Partnership)

PAN Card of LLP, LLP Agreement, and partners' names with address proof

Private Limited Company

Certificate of Incorporation, PAN Card of the company, AOA (Articles of Association), MOA (Memorandum of Association), resolution signed by board members, and identity and address proof of directors.

GST Registration Process

Follow these steps for smooth online GST registration:

Visit the GST portal and select New GST Registration.
Fill in the necessary details, including business name, state, PAN card details, etc.
Enter the OTP (One-Time Password) and proceed.
Note down the Temporary Reference Number (TRN).
On the GST portal, select Register in the Taxpayers menu.
Enter the TRN and proceed, verifying OTP received on your registered mobile number or email.
Fill in the required details and upload the necessary documents.
Submit your application after verification through any of the three given methods.
Upon completion, you will receive the Application Reference Number (ARN) on your registered mobile number and email ID.
Access the status of ARN on the GST portal.

Who Needs GST Registration Service?

GST registration is mandatory for the following entities:

Businesses involved in taxable supplies of goods or services.
Entities with an annual turnover exceeding ₹20 lakhs (₹10 lakhs for special category states).
E-commerce operators facilitating goods and services supply through their platforms.
Non-resident taxable persons occasionally supplying goods or services in India.
Businesses engaged in inter-state supply of goods or services.
Input service distributors distributing input tax credit to branches or units.
Casual taxable persons occasionally supplying goods or services in India.
Businesses migrating from the old tax regime (VAT, Service Tax, etc.) to GST.

What is a GST Certificate?

A GST Certificate is an important document issued by the Indian government which proves that a business is registered under GST. The certificate contains crucial information like the GST identification number, name, and address of the business. With a GST Certificate on hand, businesses can easily charge and collect GST, apply for loans, and participate in tenders.

GST Tax Rates

GST tax rates can range from 0% to 28% depending on the type of goods or services. essential items being taxed at 0%, while luxury items and certain services fall under the 28% bracket, gold is taxed at 3%, and crude oil and natural gas at 6%.Rates may vary, so it Is essential to check the current rates before transactions.

GSTIN

GSTIN (Goods and Services Tax Identification Number) is a unique identification number given to each GST taxpayer. It is used to verify GST registration on the GST portal.

Penalties for Failure to Register for GST

According to Section 122 of the CGST Act, there is a direct penalty for taxable persons failing to register for GST online.

Voluntary Registration Under GST for Companies with Turnover Below ₹20 Lakhs

Companies with turnover below ₹20 lakhs can voluntarily register for GST, enjoying advantages like input credit, inter-state selling with no restrictions, registering on e-commerce platforms, and gaining a competitive edge.

GST Return Filing

GST return filing is the process of submitting details of sales, purchases, and taxes to the government. All registered taxpayers under GST must must file returns regularly, regardless of transactions during the period.

Why Choose Fincto.io for GST Registration?

GST login process requires valid GST number and Indian mobile number.
Follow these simple steps to log in:

Step 1

Visit GST portal and complete initial login step

Step 3

Enter GST and mobile numbers for third step of Goods and services login.

Step 5

Step 2

Step 4

Wait for OTP to proceed with GST portal login.

Step 6

Final GST verification login redirects to GST dashboard for easy access to returns, invoices, and other relevant information.

Why Choose Fincto.io for GST Registration?

1

Easy online GST registration service and GSTIN issuance.

2

Hassle-free compliance management, including return filing.

3

Expert assistance throughout the registration process and clear explanations of requirements.

With Fincto.io's expert guidance, you can navigate the GST registration process with confidence and focus on your business's growth and success.

Why Choose Fincto?

Fincto provides a streamlined, completely online solution for private limited company registration, which includes:

DIN and DSC for two Directors
Drafting of MoA & AoA
Registration fees and stamp duty
Incorporation certificate (COI)
Company PAN and TAN
Zero balance current account
GST Registration
EPF & ESIC Registration

Trust Fincto to simplify your business formation process, enabling a seamless transition from idea to a legally recognized entity. Get ready for a well-informed, growth-oriented entrepreneurial journey with Fincto.

Understanding Key Terms

Amendment

A modification to the existing provisions of a corporation's articles of incorporation

DSC (Digital Signature Certificate):

Issued by certifying authorities for electronic document signing.

Board of Directors

The elected governing body responsible for a corporation's operation. Certificate of Incorporation: The document filed to create a corporation

DIN (Director Identification Number):

A unique identification number for directors. Dissolution: The process that legally ends a corporation's existence

Incorporation

The act of forming a corporation under specific jurisdiction laws

Limited Liability Company (LLC)

An entity with limited personal liability and pass-through taxation

Limited Personal Liability

Protection from the debts and claims against a company

Name Reservation

The process to secure exclusive use of a corporate name for a specific period

Registered Office

The statutory address of a corporation

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