GST Filling

1. What is GST Registration?

In the GST regime, businesses who fulfill any of the following conditions listed below are required to register themselves with the GST Department and obtain a GST number to perform their respective business activities. The process of obtaining such number is known as GST registration. 

GST registration is required:

  • If you are a manufacturer or a trader and your turnover is above Rs 40 lakhs

  • If you are a service provider and your turnover is more than 20 lakhs

  • If you export goods or services then GST registration is mandatory irrespective of your turnover

  • If you are into restaurant business and your turnover is more that Rs 20 lakhs per annum

  • If you want to sell online through e commerce portal then GST registration is mandatory irrespective of your turnover

  • If you supply goods in another state then GST registration is mandatory irrespective

2. What is the penalty for not registering under GST?

If a person is not paying taxes or making short payments (genuine cases) has to pay a penalty of Rs. 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.

3. What are the documents Required for GST Registration?

  1. PAN of the Applicant

  2. Aadhaar card

  3. Proof of business registration or Incorporation certificate

  4. Identity and Address proof of Promoters/Director with Photographs

  5. Address proof of the place of business

  6. Bank Account statement/Cancelled cheque

  7. Digital Signature

  8. Letter of Authorization/Board Resolution for Authorized Signatory

4. What are the due dates for filing GST returns?

GSTR-1 (Sales Detail)

Turnover less than 1.5Cr

           GSTR-3B

All Regular Taxpayers

GSTR-1 (Sales Detail)

Turnover greater than 1.5Cr

Composition Dealer

Annual Returns

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