GST Registration
Your Trusted Financial & Business Partner
Simplifying Taxation, Accounting, and Compliance Services for Seamless Business Growth
introduction
GST (Goods and Services Tax) is a single tax on the supply of goods and services, which replaces various indirect taxes previously levied by the central and state governments. Businesses must register for GST to comply with tax laws and avoid penalties. Registration under GST is essential for legitimate and smooth operations, helping businesses to claim tax credits on purchases and sales.
GST Registration
Overview
GST Registration is mandatory for businesses whose turnover exceeds the prescribed threshold limit. At Digit Revenues, we simplify the GST registration process, providing you with all the support you need to get registered and stay compliant. Our team ensures your business meets all requirements, reducing the complexity and avoiding penalties. Let us take care of the paperwork and compliance while you focus on growing your business.
Components of GST Registration
GSTIN (Goods and Services Tax Identification Number):
A unique number assigned to businesses after successful registration.
GST Return Filing
Ongoing compliance through the submission of returns for sales and purchases.
Input Tax Credit
Claiming credit for taxes paid on business-related purchases to offset tax liabilities.
GST Payment
Paying tax on goods or services supplied and complying with government deadlines.
Who is Eligible for GST Registration?
Businesses with turnover above the threshold limit (Rs. 40 lakhs for goods and Rs. 20 lakhs for services, varying by state).
Online sellers who exceed the turnover limit for e-commerce businesses.
Importers and exporters who conduct business across state lines.
Businesses engaged in the supply of taxable goods or services.
Voluntary Registration: Even if your business does not exceed the threshold, you can voluntarily opt for GST registration for availing benefits like input tax credit.
Documents Required for gST registration
To ensure smooth GST registration, the following documents are required
- Incorporation certificate (for companies)
- Partnership deed (for partnerships)
- Proprietorship documents (for sole proprietors)
- PAN card of the business owner/partners/directors
- Aadhaar card
- Passport-sized photograph
- Rent agreement or property ownership documents
- Utility bill (electricity bill, water bill, etc.) as proof of the business address
- Canceled cheque or bank statement with the business’s name
- Description of business activities and the goods/services being offered
- Passport
- Authorization letter for appointed signatory