GST registration in Bengaluru | GST consultants in Bengaluru
Table of Contents
What is GST?
The word GST full form stands for Goods and Services Tax. The articles discusses the process of GST registration in Bengaluru.
Who Needs a GST Registration in Bengaluru?
The following entities having business in Bengaluru should obtain GST registration in Bengaluru:
- Inter-state suppliers of goods and services
- Persons need to deduct TDS / TCS under GST
- Non-resident taxable persons
- Supplier’s agent & input service distributor
- All the e-commerce aggregator
- Individuals who supply using e-commerce aggregator
- Individuals who pay tax under the reverse charge mechanism
- Those who have registered under the pre-GST Law (VAT, Service Tax, excise and so on)
- Individuals who supply online information and provide database access or retrieve services from abroad to an individual in India, other than a registered taxable person.
- Any person / business as notified by Central / State Govt
Documents Required for Online GST Registration in Bengaluru
The online GST registration requires the following documents:
Proprietorship
- PAN Card and address proof of proprietor
Limited Liability Partnership (LLP)
- PAN Card of LLP
- LLP Agreement
- Partners’ names and address proof
Private Limited Company
- Certificate of Incorporation
- PAN Card of Company
- Articles of Association, AOA
- Memorandum of Association, MOA
- Resolution signed by board members
- Identity and address proof of directors
How to check status of GST Registration in Bengaluru via online mode?
Once an individual or a business firm apply for GST registration in Bengaluru, an Application Reference Number (ARN) will be generated. It is important to note down the ARN for further reference. Generally, it takes 15 days to process a GST registration application form, but one can check for the GST registration status through online on the GST web port by following the below-mentioned steps:
- Visit the GST web page.
- Go to Services > Registration > click on the ‘Track Application Status’.
- Now enter the ARN which was generated at the time of submitting the GST application form and enter the captcha code to proceed further and now click on ‘Search.’
- The ARN will generate one of the following below mentioned status:
- Provisional – It means that the application has not been filed yet but the provisional identity has been already issued.
- Pending for Verification – This means that the application has been successfully submitted but the verification is yet to be done.
- Validation against Error – This means that the PAN filled in the application form does not match with the details provided by the Income Tax Department. In this case, the form has to be resubmitted.
- Migrated – This means that the application for migration to GST has been done successfully.
- Cancelled – This means that the registration has been cancelled.
What is the penalty for not registering under the GST in Bengaluru?
An individual is liable to pay a fine of 10% of the tax amount due subject to a minimum of Rs 10,000.
In case if an individual has deliberately evaded payment of tax then he will be penalized at 100% of the tax amount due.
What is aggregate turnover as per GST Law?
As per the GST Law under section 2(6) of the CGST/SGST Act, an Aggregate turnover includes the aggregate value of
– all exempt supplies
– all taxable supplies
– export of goods/services
– all inter-state supply of a person having the same PAN.
All the above mentioned will be calculated across the country and it excludes taxes charged under the CGST Act, SGST Act, UTGST Act, and the IGST Act.
The term aggregate turnover includes all supplies made by the taxable person, either on his own account or on behalf of all his principals.
The term Aggregate turnover does not include the value of supplies on which tax will be levied on reverse charge basis and value of inward supplies.
What is GSTIN and GST State code used in GST Registration in Bengaluru?
GSTIN stands for the GST Identification number, which is assigned to every dealer who registers under the GST law.
GSTIN is a 15-digit number. The following is the break-up of the GSTIN:
- The first two digits of GSTIN represents the state code, which is a unique one and this is taken from the Indian Census of 2011. The GST state code for Karnataka is 29, as per the GST state code list.
- The following 10-digits will be the Permanent Account Number of the taxpayer.
- The thirteen-digit is assigned based on the number of registration within a state.
- The fourteenth will be the letter ‘Z’ by default.
- The last one will be for check code, it can either be an alphabet or a number.
What Is the Threshold Limit for GST Registration in Bangalore?
The threshold limit for annual turnover of Rs 20 lakhs was kept during inception for mandatory GST registration. Thereafter, states were given options to either opt for new limits or to continue with the existing ones. Karnataka opted to raise this limit to Rs 40 lakhs for the sale of goods. Additionally, this new limit came into effect from 1 April 2019 onwards. However, no changes were made to the threshold limits for service providers in the state of Karnataka.
Also read:
- GST Registration
- GST Registration – India
- Annual Compliance of LLP / Startup in Bengaluru
- CFO Services in Bengaluru
