GST Registration in Gujarat
Who needs to apply for GST?
- Every manufacturer, trader or service provider are required to get themselves registered under GST, if the turnover exceeds the specified limit under GST act.
- The basic threshold limit to apply for GST registration for manufacturer/trader is Rs. 40 Lakhs and Rs. 20 Lakhs for service providers. In short, If your turnover limit crosses the above mentioned threshold, then you are bound to get yourself registered under GST
GST registration number
- GST registration number is a unique identity number for every taxpayer who register themselves under GST.
- It is 15 digit alpha numeric number. First two digits indicates the state code. The next 10 digit indicates the PAN of the GST registered entity. The thirteenth digit will be assigned according to number of GST registration a particular taxpayer is having in a state. The last two digits can be any alphanumeric value.
Where to apply for GST Registration in Gujarat?
- GST registration process is complete online process. Before applying for GST registration, one must collect the required documents as mentioned below. On collecting every documents as required, one may proceed further online to file an application.
- The official website of GST, i.e GST.GOV.IN is the place where you can apply for GST registration. After filing an application, an ARN (Application Reference Number) will be generated. This number helps to track the status of GST registration application. By entering this ARN, You can get the status of your application at any point of time.
Benefits of GST Registration in Gujarat
Amongst the many benefits of GST Registration in Gujarat few are listed below.
- Your organization will be appeared as more vigilant one.
- If you want to sell your products online on any E Comm. Website (For example Amazon, Flipkart and so on), then GST registration is mandatory requirement on any E Comm. Site.
- You will get Input tax credit of all the purchases/expenses which are used in the business.
- You can sell your product/services across the India.
- GST Number is compulsory to export/Import any goods or services.
Get all your queries solved
GST is a kind of Indirect Tax which is born by the consumer of goods or services and paid by the supplier of goods or services. Hence, it can be said that GST is to be collected by supplier of goods and services and it is to be deposited with government by supplier within prescribed time limit by Filing GST Return.
CGST &IGST are levied and collected by central government. SGST is levied and collected by state government. CGST & SGST are levied on Intra state transactions. IGST is levied on Inter state transactions.
All those transactions which take place from one state to another are called interstate transactions. For Example: Sale of goods from Punjab to Gujarat.
YES, gst registration is complete online procedure. There is no need to physically submit any documents to GST department.
GST can be levied at 0%, 3%, 5%, 12%, 18%, 28% according to type of goods or services.
GST registration remains valid untill its deliberately cancelled, surrendered or suspended.
CGST SGST/UTGST IGST
All those transactions which takes place with the territorial limit of state are to be called intra state transactions. For example: Sale of goods from Mumbai to Pune. (That is within state of Maharashtra)
For Manufacturer or Trader: 40 LACKS For Service Provider: 20 Lacks For North Eastern States: 10 Lakhs
List of documents required for GST registration is mentioned in the table below.
YES, We can operate our business with only one GST number across India. BUT, if there is more than one principle place of business (or we can say Branch office/godown) in a different states, then separate registration for each state is mandatory.
ARN stands for Application Reference Number. With the help of this number you may track the status of GST Registration application. TRN stands for Transaction Reference Number. TRN can be used to fill the incomplete or draft saved GST application.
