GST Registration

Any service business whose turnover exceeds 20 Lacs in a financial year. And any goods business whose turnover exceeds 40 lacs in a financial year, requires to GST registration and a valid GST Number.

What is GST Registration?

GST Registration: A Key Requirement for Businesses Exceeding Turnover Limits. For businesses in the Goods & Service sector with turnovers exceeding 40 lakhs (20 lakhs for service providers and 10 lakhs for businesses in Northeastern and hill states), GST registration is mandatory. Operating without valid GST registration can lead to serious penalties under GST regulations.

Who should get a GST registration?

What are the GST Tax Rates?

• Businesses with turnover exceeding 40 lakhs annually (10 lakhs in Northeast states, J&K, Himachal Pradesh, and Uttarakhand).

• All e-commerce businesses and individuals sell through e-commerce platforms.

• Taxpayers pay tax under the reverse charge mechanism.

• Agents of suppliers and input service distributors.

• Casual taxable persons or non-resident taxable persons.

• Essential items like household necessities and life-saving drugs are taxed at 0% GST.

• Household essentials and life-saving drugs are taxed at a 5% GST rate.

• Processed foods and computers fall under the 12% GST tax bracket.

• Services and products such as hair oil, toothpaste, and soaps are taxed at 18% GST.

• Luxury items are subject to a 28% GST rate.

Process of GST Registration

Key Deliverables of GST

GST Return Filing

Streamlined GST Filing Services Tailored to Your Business Needs

Ensure compliance with GST regulations through our comprehensive GST filing services, customized for different taxpayer categories including regular taxpayers, composition dealers, and e-commerce operators.

GST return filings are categorized under various numbers (GSTR 1 – GSTR 11) and sub-numbered formats (e.g., GSTR 9A, 9C) to align with specific transaction types and business requirements.

For regular taxpayers, monthly filings typically include GSTR-1 and GSTR-3B, with an additional annual return of GSTR-9/9C per GST registration.

The frequency of GST filings varies based on the type of return, ranging from monthly, quarterly, to annual filings, tailored to specific business needs and compliance obligations.

Understanding GST Return Filing

Frequently asked questions

Can I file GST Returns myself?

In the new GST regime, tax return filing is streamlined and automated, allowing for easy filing through various software and apps. Simplify your GST return process with user-friendly tools and technology, making compliance effortless and efficient. Embrace the convenience of automated GST return filing today!

Who can claim ITC?

Unlock the benefits of Input Tax Credit (ITC) under GST by claiming credit for invoices on goods or services purchased. Any registered entity can leverage ITC to optimize tax savings and improve cash flow. Let Jimap Consultancy experts guide you through maximizing your ITC benefits efficiently and compliantly!

Is GST registration free of cost?

At Jimap Consultancy, we offer GST registration services with no government fees involved. Our charges only cover the fees of our knowledgeable GST practitioners, tailored to their expertise. Experience seamless GST registration with transparent and competitive service fees. Simplify your journey to GST compliance with Jimap Consultancy!

What are the types of GST?

Explore the comprehensive structure of GST, comprising Integrated Goods & Service Tax (IGST), Central Goods & Service Tax (CGST), State Goods & Service Tax (SGST), and Union Territory Goods & Service Tax (UTGST). Gain a deeper understanding of the various components that make up India's unified tax system.

How many times do you have to file GST?

For most regular businesses, GST compliance involves filing 2 monthly returns (GSTR-1 & GSTR-3B) and 1 annual return (GSTR-9), totalling 25 GST returns in a year. Simplify your GST journey with Jimap Consultancy as we ensure timely and accurate filings to keep your business compliant. Let us handle your GST returns seamlessly!

Is GST Registration required for small businesses?

Yes, GST registration is required for small businesses, but you can also choose to get exempted from GST rules if you meet specific criteria.

How do I register my small business for GST?

Simplify your GST registration for small businesses by contacting Jimap Consultancy. We handle the entire process seamlessly, ensuring compliance and peace of mind. Let us take care of your GST registration while you focus on growing your business!

How do I claim my GST Refund?

Easily claim refunds by submitting Refund Application form RFD-01 to utilize the balance in your electronic cash ledger.

Who will pay GST? Buyer or Seller

At Jimap Consultancy, we streamline the GST process: customers pay GST to sellers, who remit it to the government. Let us simplify your GST journey and ensure compliance every step of the way!

Is GST Registration Mandatory in India?

GST registration is not mandatory. There are some eligibility criteria to register for GST. Click here for more details about GST Registration.

Should I register a Company in India to get GSTIN?

To obtain GSTIN in India, you need a basic business commencement certificate with your address. For businesses with significant turnover, it's advisable to register your business as a company (Pvt Ltd, LLP, OPC) in India to facilitate GST Registration.