Earlier, businesses were bound to pay multiple taxes. However, with GST laws, a business only needs to be registered under the GST Act to avail of tax benefits. However, if you own a business in multiple states, you need to be registered separately for each one. With no manual obtrusion, the GST registration process could be completed through a simple online procedure and submitting the GST registration fees. Read on to learn everything about new GST registration, fees prerequisites, advantages, and finally, how to procure your GST ID number. Without further ado, let’s learn some basics of the GST Act.
What is GST, Features & Benefits
Goods and Services Tax (GST) is used for taxes levied on indirect goods. The government of India has replaced multiple former taxes with one indirect tax that makes it simpler for businesses to run. The GST is added to the valuation of any product’s price to be paid by the customer who is purchasing. The tax is collected directly by the government from the sellers. There is no GST Registration Govt Fees
Here are the features and benefits of GST:
1. Ease in Compliance:
A strong and easily understood IT system would be the foundation of GST Regime in India. All tax-payer services such as returns, registrations, returns, payment etc. are available online. It would make compliance transparent as well as easy.
Also Read: How to File GST Return?
2. Uniformity of Tax Rate and Structure
With the introduction of GST, indirect tax rates and structures have become uniform across the country, ultimately increasing the ease of doing business in India. You can do a GST registration to get the benefits. Please note that, GST registration is free in India, there is no GST registration cost you need to pay.
3. Elimination of Cascading Effect:
Cascading of taxes refers to the several layers of taxes payable at every step in the supply chain process, starting from the production to the consumer purchase. These multiple layers make the tax payment a complex procedure for those involved in the supply chain. However, with GST, a smooth flow of tax credit can be ensured with minimal tax cascading. Ultimately, the hidden costs involved in businesses are reduced.
4. A Boost for Exports:
With the introduction of India, the value of exports in the international market has risen. This is because GST has enabled subsuming of significant taxes in India, ultimately reducing the locally manufactured goods & services. This will increase the competitiveness of Indian Goods & Services in the International Market and give a boost to Indian Exports.
5. Reduction in Overall Taxes for the Consumers:
Owing to the prevention of leakage and efficiency gains, the overall taxes payable on commodities have reduced, ultimately reducing the price of the commodities for the consumers.
- The GST Act was introduced in July 2017.
- With the introduction of GST, businesses need not pay multiple taxes. Instead, just one tax is the Goods and Services Tax.
- Businesses with a turnover of Rs. 40 Lakh or above are obliged to register through an online portal.
- For the North-Eastern region of India, businesses having a turnover of Rs. 10 Lakh and above are required to get themselves registered for GST.
- There are no new GST registration fees that need to be paid.
Who Is Required to Get Registered for GST In India?
The following business entities are liable to register under GST Act:
- Individuals who have already registered themselves under pre-GST tax laws. If you haven’t, you must know there are no charges for GST registration.
- Non-resident taxable person
- Casual taxable person
- Any business exercising supply of goods with a turnover of Rs. 40 Lakh as a parameter is to be registered. The parameter for the same is different for some particular states. (see below)
- Input service distributor
- Individuals supplying goods and services via e-commerce
- A person is providing databases and online information from a place outside the country to individuals in India, except already registered taxable persons.
- No new GST registration fees need to be paid by those who are eligible for the registration.
What are the Types of Registrations in GST?
Here are the different types of registration in GST. Every type of registration doesn’t involve any GST registration cost.
1. Normal Taxpayer:
The category includes those taxpayers who run a business in India. This category does not demand a deposit from the taxpayer. In addition to this, this type of registration has no validity period. There is no GST registration fees for this category
2. Composition Taxpayer:
This category of taxpayers involves those whose turnover is less than INR 1.5 crore. However, the limit is INR 75 lakh for those belonging from the Northeastern States.
An individual is required to enroll under GST Composition Scheme to register under this category of taxpayers. Taxpayers registered under this scheme can pay a flat GST rate. However, a taxpayer won’t be allowed to claim the input tax credit. There are no new GST registration fees for this category.
3. Casual Taxpayer:
This category of taxpayer applies to those individuals who own a seasonal shop or stall. To register under this category, you would be required to pay a deposit that is equal to the GST liability. However, there would be no new GST registration fees applicable.
4. Non-Resident Taxable Individual:
Indian citizens who are living outside India can apply to the category.
To register under this category, the individual is required to pay a deposit equal to the GST liability amount. There is a registration validity of 3 months under this category. There is no need for NRIs to pay the new GST registration fees.
Are Charges for all Business Types Same?
There are no GST registration fees; however, GST charges are paid according to the slab rates. These slab rates are categorized according to goods and services. As of now, the GST council has segregated 1300 goods and 500 services under different slab rates. These four slab rates are 5%, 12%, 18% and 28% under GST.
Also Check: GST Rates
Over 81% of all the goods and services are categorized in the 18% tax slab. Furthermore, 7 % of the items fall under the exempted list, 14% of these items have a 5% tax, 17% of the items have a 12% tax, and 43% of the items have an 18 % tax slab, while only 19% of the items are categorized under the highest slab of 28% in the new regime.
Documents Required to Get GST Registration:
To successfully register through the online portal, you must have the following documents in order:
- Permanent Account Number (PAN) Card
- Aadhaar Card
- Business address proof
- Incorporation certificate
- A cancelled check or bank statement
- ID Proof, photograph, and address proof of the Director of the company
- Letter ascertaining the right to authority from an authorised signatory
- A copy of the digital signature
- There are no charges for GST registration.
Did you Know?
There are 160 countries in total, out of which India started following the GST law in 2017 with no GST registration govt fees.
Step-by-Step Guide to Register through Online Portal:
Follow this step-by-step guide to register successfully without a standard GST Registration Fee.
Step 1: Open https://www.gst.gov.in – the official GST portal.
Step 2: Click on the “Taxpayers” column and select “Register now” from the options.
Step 3: Choose the “New Registration” option now.
Step 4: Fill in all the mandatory details.
Step 5: Mark yourself as a “taxpayer” from the options
Step 6: Fill in the basic information, including your state, district, and business name.
Step 7: Carefully fill in your PAN details
Step 8: Finally, fill in your current mobile number and your email ID. Be sure to give an active number and ID as you will need OTPs sent to the same.
Step 9: This next page appears to contain blanks for OTP sent to your Email and mobile number. Enter the codes.
Step 10: Press Proceed once you have filled in all the information.
Step 11: Fill in your “Temporary Reference Number” (TRN) and note it down for future reference.
After completing this process, follow these steps to finish your registration without new GST Registration Fees successfully.
Step 1: Visit the GST portal again.
Step 2: Select Registration and TRN now.
Step 3: Write down the TRN and select proceed
Step 4: Write down the OTPs sent to your mobile number and Email ID.
Step 5: The status of the application would appear on the screen. Choose the ‘edit’ option from the right-hand side tab.
Step 6: A page with ten blank sections will appear now. Fill in the following details and upload your documents-
- Business address proof
- Details of bank account
- Authorisation form
- Constitution of the taxpayer
Step 7: Tap on “Verification” after uploading all documents successfully. Be mindful that you don’t have to pay any GST registration fees.
Step 8: To submit your application, select any one of the following methods. (There are no charges for GST registration)
- By Electronic Verification Code (EVC)
- By e-Sign option
- By DSC for companies that are registering
Step 9: The status of the application would appear on the screen as successfully registered.
Step 10: An Application Reference Number (ARN) will be sent to your mobile number and email ID.
Step 11: Confirm your application status through ARN on the official website of GST.
You do not need to pay fees for GST registration
What is the GST Registration Fees?
No GST Registration cost will be charged if you complete the registration process online. This service is provided by the Government of India and is free of cost for everyone. Thus, no GST registration Govt Fees need to be paid.
Word to Remember
Digital Signature Certificate (DSC)
Granted by the certifying authority, DSC holds significance equal to a handwritten signature. It primarily denotes a digital key that comprises all the user’s information, holding identification.
How to Make Online Payment for GST Registration?
There is no GST registration charges that need to be paid by an individual.
What is the Penalty for Not Registering or Late Registering Under GST?
Failure to register under GST is subject to a penalty of INR 10,000. You don’t need to pay any GST registration charges.
Opt for a simpler and unified taxation regime and pay your taxes hassle-free. Enjoy tax benefits with no new GST Registration fees and help reduce corruption with no hidden charges. Enter a new arena of tax transparency by complying with the GST laws.
Frequently Asked Questions (FAQs)
Yes, GST registration is free. You don’t have to pay any GST registration charges.
You do not need to provide bank account details anymore at the time of GST Registration. However, you are required to provide them after first login. You must register if you haven’t yet. There is no fees for GST registration
One needs to apply for GST registration to get the GST number. However, if you are already registered, you can still find your GST registration number by the name search tool on the GST portal. There is no fees for GST registration.
There is no fees for GST registration
Yes, GST registration can be cancelled for specified reasons. In the event of the death of the registered person, the cancellation can be applied by legal heirs. However, the fees for GST registration won’t be refunded.
A business would be required to apply for multiple GST registrations if they operate in multiple states. At the same time, if the business operates multiple verticals within the same state, they would be required to do multiple GST registrations. There would be no fees for GST registration.
A business should opt for a composition scheme if their turnover is less than INR 1.5 crore (INR 75 lakh for North Eastern states)
Under a composition scheme, a business having a turnover of less than INR 1.5 crore (INR 75 lakh for North Eastern states) can be categorized under a composition scheme. There is no fees for GST registration.
If you have different businesses running in one state, you only have to register yourself for the state you run your businesses in. For every state, you need to register separately, as the prerequisites for each state differ from one another.
Yes, section 25, sub-section 10 of CGST/SGST Act, entails that a proper officer can reject an application for registration after due verification. There is no GST number registration fees.
After successfully registering through no GST Registration charges your certificate remains permanent unless it is revoked, surrendered, cancelled, or suspended.
Through the official website of GST “https:/www.gst.gov.in”, you can easily register yourself with the procedure mentioned above with no Online GST Registration Fees being charged by the government.
While registering for GST, you now need to authenticate your Aadhaar through biometrics and submission of a photograph. However, the new GST registration charges are still NIL.
Also read about How To Get GST Number, what is GST number registration fees, Pension on Investment Simplified.