What is GST Registration ?

GST refers to Goods and Services Tax which subsumes all taxes such as Sales tax, Service tax, Excise duty etc. into GST. GST registration is required primarily if your annual sales are more than Rs. 20 Lakh. Even if your sales are less than Rs. 20 Lakh, we suggest that you voluntarily opt for GST registration because:

  • You will not get any tax refunds on purchases (e.g. if you buy goods worth Rs 1 lakh in a year, and tax rate is 28% – you will lose tax refund of Rs. 28,000).
  • You cannot sell outside your state

GST registration typically takes between 3-5 working days. You need to file your application with the department and sign it with your digital signature. GST Registration can be done through MK Technology in Nagpur.

Who all need GST Registration?

The registration in GST is PAN-based and State specific.Supplier has to register in each such State or Union territory from where he affects supply if he fulfils any of the following conditions:

  • Having an annual aggregate turnover from all-India operations which is above the threshold limit of Rs. 20 Lakhs
  • Currently registered under any of the earlier indirect tax regimes (VAT, Excise Laws, Service Tax Laws) irrespective of the threshold limit.
  • Required to pay tax under Reverse Charge (In case your supplier is not registered under GST).
  • Having branches in multiple states or multiple business verticals in one state.
  • Required to deduct tax at source or an Input Service Distributor.
  • Making any supply to other states.
Benefits of Registration under GST

GST Registration will give the following advantages to a taxpayer.

  • He is authorized to collect taxes from his customers and pass on the credit of the taxes paid to them.
  • Seamless flow of Input Tax Credit from suppliers to recipients at the national level.
  • He can claim Input Tax Credit of taxes paid to his suppliers and can utilize the same for payment of taxes due

GST REGESTRATION FORM

ITR REGISTRATION FORM

PT REGISTRATION FORM

E-WAYBILL REG. FORM

How will E-commerce seller file GST return?

 

  • E-commerce operator/ marketplace (e.g. Flipkart, Amazon etc): It is an entity which owns, operates or manages digital or electronic facility or platform for E-commerce.
  • Suppliers on E-commerce platform: It is an entity which supplies goods or services on an E-commerce platform.

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MK TECHNOLOGY, Govinda Gourkhede Complex, Seminary Hills, Nagpur, Maharashtra 440006

support@mktechnology.in

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