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Nitin Sharma said that GST has replaced all the earlier taxes. Earlier there were different types of taxes, which have been covered in GST. If your annual turnover is 40 lakhs, some conditions are more than 20 lakhs then…Read more

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How important GST registration for business?

Akanksha Dixit/Delhi. GST registration for business is a special rule. Under this rule, a person doing business has to get GST registered. Today we will tell you in our special report by a CA that if you want to open your own business, then how much time does GST registration take in it and what is its entire process.

Regarding this, CA Nitin Sharma told that first of all you have to see what you are trying to do. There is no need for GST registration in the beginning itself. The government has given some exemption, in which if you work within 20 lakhs, then you will get a discount. He said that when you start getting income on it, then you can get your GST registration done.

Online process of GST registration
Nitin Sharma said that there is an online process for GST registration, for which there is no need to go anywhere. Once you have applied GST registration, after that a TRN number is found, which is also called Temperary Reference Number. After which you find out, who has assigned your GST number. He told that after this you will get approval. If there is no problem in your document, then your GST registration will be done in 7-10 days and if any problem occurs, it may take 15-20 days in that case. He told about its charge that any CA will get your GST registered in 2500 to 5000 and the charge for Private Limited Company goes up to 10,000.

Documents required for registration

  1. Passport size photo of owner (owners)
  2. Company PAN card
  3. Identification Proof (Aadhaar Card, Passport, or Driving License)
  4. Association certificate for LLP, OPC and Private Limited Companies
  5. Bank details (bank details, passbook or canceled checks)
  6. If it is a partnership firm then partnership deed

Why GST registration is necessary
Nitin Sharma said that GST has replaced all the earlier taxes. Earlier there were different types of taxes, which have been covered in GST. If your annual turnover is 40 lakhs, in some situations more than 20 lakhs, then you are taxpayers in the eyes of GST. For this, you have to pay tax in your business. Registration has to be done only to repay this tax. If you do business without registration, then this is a crime, if you are caught, you may have to pay heavy fine.

Trademark registration is also very important
If anyone starts his new startup, then trademark registration is necessary for him. So that no one in the market can copy your name or similar name in your name, whose government fee is Rs 4500 and the non -proprietor fee is Rs 9000 and the fileing charge is Rs 1500.

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How important GST registration is for business? What is fee, know the register ..

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