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Goods and Service Tax Registration

Start your Private Limited Company (Pvt Ltd) Registration process online at the Reasonable Price.

₹ 500 /-

excl of GST  

What is GST?

GST is a comprehensive indirect tax applied on the delivery of goods and services in many nations throughout the world. GST, which was implemented to simplify the taxing system, replaces several cascading taxes and strives to create a single, transparent, and efficient tax structure.

Businesses must register for GST in order to get a unique identification number and benefit from input tax credits. GST rates differ depending on the nature of the goods and
services, and are often grouped into slabs like as 5%, 12%, 18%, and 28%.

It improves transparency, reduces tax evasion, and makes doing business easier. In order to be in compliance with GST, one must file returns on a regular basis, follow the prescribed rates, and keep proper records. This tax reform benefits consumers by reducing tax on tax and promoting economic growth through simpler tax administration.

Types of GST Registration in India

There are different types of GST registrations, including composition scheme, casual, regular, non- resident, Input service distributor and eCommerce operators. Regardless of the turnover threshold, casual taxpayers, non-resident taxpayers, and eCommerce operators must register for GST.

  1. Casual Taxable Person:

    2. According to the GST Act (Act, 2017), a casual taxable person is someone who periodically delivers items or services in a State or Union territory where the entity does not have a permanent place of business. As a result, individuals conducting temporary businesses at fairs or exhibitions or seasonal operations would be classified casual taxable people under the GST.

  2. Non-Resident Taxable Persons:

    3. A non-resident taxable person (NRI) is defined under the GST as any individual, firm, or organization that delivers goods or services but does not have a permanent home or place of business in India. As a result, any foreign individual, firm, or organization delivering goods or services to India would be regarded a non-resident taxable person and would be subject to all GST legislation in India.

  3. E-Commerce Operators:

    4. An e-commerce operator is a person who owns, manages, or has control over a digital or electronic business or portal for online sales. As a result, regardless of company revenue, anyone who sells online is deemed an eCommerce Operator and must register for GST.

What is GSTIN?

GSTIN stands for Goods and Services Tax Identification Number in the context of Goods and Services Tax (GST) in India. It is a 15-digit alphanumeric code that is assigned to each taxpayer who has registered with the GST system. The GSTIN is an important identification for enterprises and entities involved in the provision of goods and services.



The GSTIN is organized as follows:
  • The first two digits are the state code.
  • The taxpayer's PAN (Permanent Account Number) is represented by the next ten digits.
  • The thirteenth digit represents the entity's state registration number.
  • By default, the fourteenth digit is "Z."
  • The fifteenth digit is a check code generated using mathematical procedures.

The GSTIN is used for a variety of GST-related operations, such as registration, return filing, and communication with tax authorities. By establishing a consistent identification system for firms across the country, it helps to expedite the tax administration process.

Documents Required for GST Registration

The paperwork necessary for registration under India's Goods and Services Tax (GST) system may differ depending on the type of business entity and the nature of its operations. The following is a general list of documents frequently required for GST registration:

For All Entities (Individuals, Partnerships, LLPs, and Corporations):

PAN Card:
Permanent Account Number (PAN) card of a company or individual.

Aadhaar Card:
Aadhaar card of the proprietor, partners, or directors, as appropriate.
Document for Business Registration:
Documents like the partnership deed, certificate of incorporation, or articles of association may be necessary, depending on the type of entity.

Photographs:
Passport-sized pictures of the owners, directors, or partners.
Address Proof:
Utility invoices or a lease agreement might serve as proof of address for the major place of business.
Bank Account Information:
A scanned copy of the first page of the bank passbook or a canceled cheque.

Additional Documents for Specific Cases:

Authorization Form:
In the event of authorized signatories, an authorization form with information and photographs is required.
Proof of Business Activities:
Paperwork that supports the nature of commercial activity, such as a sales agreement, rental agreement, or other pertinent paperwork.
DSC (Digital Signature Certificate):
DSC may be required for some groups of taxpayers to submit their application online.

Additional KYC documentation:
Additional Know Your Customer (KYC) documentation may be necessary depending on the type of company.
Certificate of GST Practitioner:
If a GST Practitioner is permitted to sign the application on behalf of the taxpayer.

Casual and Non-Resident Taxable Persons:

1. Details about the business location:
Information on any goods stored for commercial purpose, as well as details about the main office and any additional locations.

2. For E-Commerce Operators:
TDS or TCS Information about Registration:
Details about registration for Tax Collection at Source (TCS) or Tax Deduction at Source (TDS), if applicable.

Benefits of Registering as a Goods and Services

Tax (GST) in India provides various advantages to businesses. For starters, it eliminates cascading taxes, allowing for frictionless interstate trade. GST registration also allows firms to claim input tax credits, which reduces the tax burden on purchases. It increases client and supplier credibility and trust because registered enterprises are viewed as more trustworthy.

Furthermore, GST registration is required for participation in e-commerce platforms, which broadens market reach. GST compliance promotes a transparent business climate and decreases the risk of tax avoidance. Small enterprises can streamline their compliance procedure by taking advantage of the composition system made accessible under GST.

Overall, GST registration simplifies taxation, promotes corporate growth, and fosters a competitive economic environment, making it a critical step for Indian firms. Businesses must understand and capitalize on the benefits of GST registration to improve their overall efficiency and competitiveness.

Filings for Private Limited Company

  • Incorporation Documents
    The company must file its incorporation documents with the appropriate regulatory bodies. These documents include the articles of association, memorandum of association, and other required documents.
  • Registration and Obtaining Certificate of incorporations:
    Upon submitting the required paperwork, the business usually receives a Certificate of Incorporation attesting to its legal status as a private limited company. This process is known as registration.
  • Allotment of Shares and Statutory records:
    The business is required to keep control of and maintain records of its directors, members, and other individuals. A continuous compliance requirement is the submission of these registers.
  • Annual Returns:
    Regulatory bodies typically demand private limited corporations to submit annual returns on a yearly basis. Updated information on the firm, including its registered office address, directors, shareholders, and financial statements, is included in these returns.
  • Financial Statements:
    As part of their yearly filings, businesses are required to compile and submit financial statements, including cash flow statements, balance sheets, and profit and loss accounts.
  • Income Tax Returns:
    Businesses must file income tax returns, outlining their taxable income and paying any relevant taxes. This is a standard prerequisite for compliance

Compliance for Private Limited Company

1. Board Meetings and Annual General Meetings:

As part of their compliance requirements, private limited firms must hold board meetings and an annual general meeting (AGM). There must be a record of these meetings' minutes.

2. Certificates of Compliance:

These documents attest to an organization's compliance with a number of legal criteria and may be imposed of companies.

3. Modifications to the Company Structure:

Regulatory organizations should be notified of any modifications to the company's structure, including changes to the registered office address, share capital, or directors.

4. Event-Based Filings:

When a significant event occurs, like a name change or a modification to the articles of association, a corporation may be required to file an event-based report.

When a significant event occurs, like a name change or a modification to the articles of association, a corporation may be required to file an event-based report.

Closure for Private Limited Company

The most common types of closure for a private limited company are voluntary winding up and
compulsory winding up.

Procedure for Voluntary winding up a Company:

1. Initiation:

The company's board of directors and stockholders make the internal decision to wind up the business voluntarily.

2. Resolution:

To start the process, the shareholders must pass a special resolution expressing their desire to wind up the business voluntarily.

3. Declaratory Statement of Solvency:

The directors are required to declare the company's ability to pay off its debts in full within a given time frame.

4. Liquidator Appointment:

The business designates a liquidator, who then oversees the winding-up process.

5. Notification to Creditors and Publication:

Information about the voluntary winding-up is published in the public domain and creditors are notified.

6. Registrar of Companies (RoC) filing:

The statement of solvency, the special resolution, and the liquidator's details are among the documents that are filed with the RoC.

7. Process of Liquidation:

The liquidator seizes possession of the business's assets, pays off its debts, and gives shareholders any leftover cash or assets.

8. Final Meeting and Dissolution:

Following a final meeting, a resolution for dissolution is passed if the shareholders are satisfied. After the corporation receives a certificate of dissolution from the RoC, it becomes officially closed.

Procedure for Compulsory Winding Up a Company:

1. Initiation:

In most cases, third parties such as creditors, law enforcement, or the business itself in specific situations start the process of compulsory winding up.

2. Court Petition:

The first step in the process is for the interested party to file a winding-up petition with the court, asking for an order directing the closure by force.

3. Hearing in Court:

The court considers the grounds for winding up, hosts hearings, and reviews the petition. It issues a winding-up order if it is satisfied.

4. Designation of Official Liquidator:

To manage the winding-up procedure, the court designates an official liquidator or a liquidation firm.

5. Notice to Creditors and Asset Freezing:

The official liquidator starts the debt settlement procedure by notifying creditors and freezing corporate assets.

6. Sale of Assets and Settlement:

The liquidation process is overseen by the court and involves the sale of assets and the settlement of debts.

7. Final Report to Court:

After the official liquidator submits a report to the court, the court issues an order dissolving the firm if it is satisfied.

Compliance for Private Limited Company

1. Board Meetings and Annual General Meetings:
As part of their compliance requirements, private limited firms must hold board meetings and an annual general meeting (AGM). There must be a record of these meetings' minutes.
2. Certificates of Compliance:
These documents attest to an organization's compliance with a number of legal criteria and may be imposed of companies.
3. Modifications to the Company Structure:
Regulatory organizations should be notified of any modifications to the company's structure, including changes to the registered office address, share capital, or directors.
4. Event-Based Filings:
When a significant event occurs, like a name change or a modification to the articles of association, a corporation may be required to file an event-based report.

Why Choose SHR?

1. Personalized Support:
Receive customized help from SHR pros. Your queries have been answered, and your specific company demands have been met. Trust us to be there for you, providing individualized support that is ideally tailored to your entrepreneurial journey.
2. Timely Updates:
SHR's timely updates will keep you informed and ahead of the curve! We keep you connected to vital information while guaranteeing that all updates are provided on time.
3. Document Security Assurance:
At SHR safeguarding your documents is our top priority. We secure your vital data with robust encryption and secure storage. Trust us to keep your important documents safe and confidential.
4. Prioritizing your financial well-being:
SHR prioritizes your financial well-being. Benefit from our cost-effective services that not only fulfill your demands but also save you money. We promote affordability and value in all of our services, so you may experience excellence without breaking the bank.
5. Time Efficient Process:
At SHR, we value your time. Our simplified and time-efficient services provide a smooth experience. From speedy processes to prompt responses, we are dedicated to saving you time and allowing you to focus on what is most important.

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