Our Prime Minister Narendra Modi approved the GST Bill in the both parliament sessions so all the indirect taxes which is imposed by the state or central government has been replaced with GST (Goods and Service Tax) by July 2017. So from now its is mandatory requirements to convert the existing VAT/CST State wise Assessee and Service Tax or Excise assessee to the new reform tax GST Registration. even all the new entrepreneurs or assessee whose cross turnover of 20 Lakh Rupees except the north eastern state where the limit is 10 lakhs.
Who all need to get GST Registration?
Any individual or entity that fulfills any of the following conditions needs to get GST Registration
GST Registration Number
GST Registration Number is 15 Digit identification number which is allotted to each applicant. its a completely based on the Pan Number and State code. First two digit represent the state code and another 10 digit represent the Pan number of the client , one digit represent the entity code( Like proprietorship or partnership etc), one digit is blank and last one is represent check digit.
GST Registration Documents
You have to required to prepare some of the documents as per the legal entity :-
As per the government rules there are Nil application charges for the GST Registration or Conversion Procedure but you have to required to sign the application form electronically so you need the Aadhar based OTP or else required the Class 2 Digital Signature of the applicant. so if you prepare a digital signature then its cost nearby 1000/- INR. Apart from this if you have to hire the professional then charges or fee are very as per the service Provider.
GST Registration Migration
GST Migration Procedure has been started for the already existing taxpayers which are registered under the VAT/CST or TIN or Service Tax. So if you have already previous TIN Number or Service Tax Number then you can convert into the new gst registration before the july 2017. For the GST Migration you have to required following things -
GST have 2 turnover limits :-