GST Registration Online In India

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

GST is an indirect tax that has been implemented to replace a variety of other indirect taxes such as VAT, service tax, excise duty, and so on. It is a single tax that is levied throughout India.

GST registration is required for firms with annual revenue of Rs. 40 lakhs or higher. For businesses that are present in the North-Eastern states or hill states like Jammu and Kashmir, Uttarakhand, and Himachal Pradesh, the turnover limit is Rs.20 lakhs.

If the supply of goods is made in more than one state, GST registration must be completed in each state. If a business fails to finish the GST registration process in India, a fee of 10% of the total amount due, or Rs.10,000, would be charged.

In the case of full tax evasion, the penalty will be 100 % of the amount due.

Types of GST

There are four different types of GST. They are as follows:

• CGST: The Central Goods and Services Tax or CGST is levied on intra-state supplies of goods and services.
• SGST: State Goods and Services Tax or SGST is levied on the sale of goods or services within a state.
• IGST: The Integrated Goods and Services Tax or IGST is levied on the sales of goods and services from one state to another.
• UTGST: Union Territory Goods and Services Tax or UTGST is charged on the supply of goods and services in Indian Union Territories, including the Andaman and Nicobar Islands, Lakshadweep, Dadra and Nagar Haveli, Daman and Diu, and Chandigarh. UTGST is levied in addition to CGST.