GST Registration Individual

GST Registration Individual Services Online In India

Get Special Discount

CONNECT TO AN EXPERT

GST Registration Individual Services Online In India - Process, Procedure, Document Required, Fees, Eligibility, Duration

An individual or a person with a sole proprietorship in a business can register under GST (Goods and Services Tax). Anyone who engages in any economic activity, including trade and commerce, can voluntarily register under GST Act. Individuals who register for GST can sell their items across the country. GST registration, as a legal entity registration, provides legal proof of the proprietor’s business.

A 'taxable person' under GST is anyone who conducts any business in India and is registered under the GST Act.  Any person involved in the supply of products whose turnover in a fiscal year exceeds Rs.40 lakhs (Rs.20 lakhs for people from Special Category states) is required to register for GST.

Anyone can register under GST once their turnover exceeds the specified threshold limits.

Individuals who are not required to register for GST include those who supply goods or services, or both, that are not taxed. Individuals who sell goods or services, or both, that are entirely exempt from tax, are also exempt from obtaining GST registration.

 

GST Registration Individual Process in India

GST Registration is the process through which a taxpayer registers for GST.

When a firm is successfully registered, they are given a unique registration number known as the Goods and Services Tax Identification Number (GSTIN).

This is a 15-digit number assigned by the federal government to taxpayers after they register.

Anyone who has registered voluntarily but has not started a business within six months of the date of registration will have his registration terminated.

GST Registration Individual - Get Expert Advice

GST Registration Individual - Get Expert Advice

+91-9910606389, 18001236389
Connect with Expert WhatsApp

GST Registration Individual Services Online In India Frequently Asked Questions

Individuals that are eligible to register for GST include: • Individuals who registered for tax services before the implementation of the GST law. • Casual and Non-Resident Taxable Individual • Individuals that sell their wares via an e-commerce aggregator • Individuals who sell goods and services from one state to another • Individuals who provide database access and online information to people in India from outside the country.
The following are the primary advantages of GST registration: • GST registration makes online sales of goods possible. • Products can be sold all around the country. • Because GST registration is a legal entity registration, it serves as legitimate proof. • Businesses that are GST registered can make interstate sales with few restrictions. • When purchasing goods or services, individuals can claim an input tax credit if registered under GST. • A current bank account can be opened with the use of a GSTIN. • The GSTIN contributes to the growth of a company's brand value.
If an individual wants to register his firm under GST then he/she must produce the following documents: • Aadhaar card • PAN card • Photograph of the person • Proof of business registration • Business address proof • Statement of Bank Account
10% of the amount due will be penalized on a person who fails to pay tax or pay less than what is due. However, the minimum penalty is Rs.10, 000. One who tries to evade tax will be penalized with 100 % of the due tax amount. GST registration can be done online by an individual. It usually takes between 2-6 working days for the process to complete. If you are thinking of going for online GST registration then Credence Corporate Solutions will help you with that. This office will help you with registering your GST and obtain your GSTIN.

Ask Questions about GST Registration Individual

+91-9910606389, 18001236389
Get Free Consultation on GST Registration Individual

Get Free Consultation on GST Registration Individual

+91-9910606389, 18001236389

Why to Choose
Credence Corporate Solutions
for GST Registration Individual ?

30+

Offices in India

15+

Years Experience

SAVE

Your Time

CASH

Back Guarantee

Credence Corporate Solutions Pvt Ltd is one of the leading Online Business Solution Company in India, where any Large, Medium or Small business houses as also Entrepreneurs get Start-up services and Taxation solutions. One stop business set-up and corporate services company. We are a team of Professionals and Associates like Chartered Accountants, Company Secretary and Consultants with vast knowledge and experience, committed to provide consistent, customized and workable solutions in the fields of ROC, Taxation, Accounting, Labour Laws, Audits, etc...

Read More

Latest Updates

Get the latest company news, corporate information, and more on Credence Corporate Solutions. View this section for the recent information on Company Registration, Licenses, GST, Income Tax, Trademark, Product Mark and other topics. Get to chat with our business experts, read business articles, and stay up-to-date on the newest business news.

Payroll Taxes May 23, 2024
INCOME TAX RETURN

Payroll Taxes

Understanding Payroll Taxes Payroll taxes are taxes that employers withhold from employees' wages and salaries to finance various social insurance programs and gov...

Read More
Inheritance Tax and Estate Tax May 22, 2024
INCOME TAX RETURN

Inheritance Tax And Estate Tax

Understanding Inheritance Tax vs. Estate Tax Inheritance tax and estate tax are both taxes levied on the transfer of assets from a deceased person to their heirs or be...

Read More