The Goods and Services Tax (GST) regime has successfully replaced and simplified the system of indirect taxation applicable on supply of goods and services across the country. GST Registration is mandatory for all dealers or entities having turnover above a specified threshold limit. Registering for GST is now possible with an easy online process through cost-effective and top-quality services offered by AKB & Associates. The online mode of registration in GST allows individuals and entities to focus on their core business without worrying about any delay or hassles of visiting a government office.

GST Registration Process

Entities and businesses in India are mandated to complete the GST Registration online. Those entities that do not require GST Registration can also benefit greatly by registering on voluntary basis, and gain legal rights as a recognized goods/services supplier thus enabling themselves to levy GST on customers. By following some easy steps as mentioned here, entities as taxpayers can get a host of benefits and achieve business growth.

  • 1. The GST registration process starts with filing the application form. AKB enables businesses to save valuable time and efforts through seamless services pertaining to new GST registration, amendment of GST registration and cancellation of GST registration.
  • 2. Those applying for registration will be required to furnish important details after verifying themselves as a taxpayer or GST practitioner. The details required in Part A of the form are legal name of their business, Permanent Account Number, the location of the business establishment, contact details, etc.
  • 3. Essential documents for verification should be uploaded online.
  • 4. The applicants will be sent an Application Reference Number via SMS or email, after filling complete form including Part B.
  • 5. If traders have multiple branches in different states, they must complete separate registration process for each state. Businesses having more than one vertical are required to register separately for each of the verticals.
Eligibility Criteria for GST

GST Registration is not mandatory for those engaged in supply of agricultural produce from cultivation, making only exempt supplies of goods and services, or making supplies that are entirely covered under reverse charge. Registering under GST composition scheme helps small taxpayers by reducing the tax burden. However, GST Registration is mandatory for the following individuals/ entities:

  • 1. Those registered under the pre-GST law (Excise, Service Tax, VAT, etc.)
  • 2. Businesses having turnover above the specified threshold limit (Rs. 40 lakh for small businesses and Rs. 20 lakh for hilly and north-eastern states, as per recent regulations)
  • 3. Non-resident Indian (NRI) taxable persons
  • 4. Those who pay tax under reverse charge mechanism
  • 5. Entities involving in e-commerce or supply of goods and services via e-commerce operators
  • 6. All e-commerce aggregators
  • 7. Individuals eligible for TDS (tax deducted at source)
  • 8. Entities involved in provision of online information or retrieval services or database access, from overseas location to a person within India, other than a registered taxable person.
Documents Required for GST

To ensure the GST Registration is executed without any hassle, the applicants must furnish a set of vital documents which will be submitted to the authorities for verification purposes.

The following documents required for Tax Payer are as below:
  • ► Colour photo
  • ► Pan card copy
  • ► Aadhaar card copy
  • ► Bank account statement or cancelled cheque or 1st page of bank pass book.
  • ► Address proof of business place:
If own
  • • Elect. Bill
  • • Tax paid receipt
  • • Municipal khata copy
If rented
  • • Elect. Bill
  • • Tax paid receipt
  • • Municipal khata copy
  • • Rent/lease agreement
  • • Consent letter
  • ► Colour photo of DDO
  • ► Designation of DDO
  • ► Pan card copy of DDO
  • ► Aadhaar card copy of DDO
  • ► Residential address of DDO
  • ► Offfice land line no.
  • ► Address proof of business place : (any one)
  • • Electric bill
  • • Any proof issued by govt. Authority
  • • Any proof issued by local authority (ward councillor, municipal body etc)
  • • Municipal khata copy
  • • Any other certificate/documents issued by govt.
  • • Any other certificate or record from govt. Dept.
  • • Rent/lease agreement
  • • Tax paid receipt
GST Registration Fees

Although the government of India does not charge any fee for the purpose of GST Registration under the Goods and Services Tax (GST) regime, individuals and entities registering for GST through the online registration process are required to pay a fee for the services availed from professionals. By choosing professional services by AKB, entities can look forward to lucrative deals that are guaranteed to be pocket-friendly.

GST Registration with AKB is a simplified and no-hassle process wherein the applicants only need to submit the essential documents, furnish relevant details like particulars of the business operation and pay the fee charged by their service provider.

Penalty for not doing GST Registration

All the individuals and entities who qualify under the eligibility criteria are mandated to go through GST Registration. Defaulters who fail to comply with the rules and do not pay the tax or make short payments (genuine errors) instead of full payment are liable to pay a penalty. The penalty for tax evasion by an offender will be 100% of the tax amount due. The amount to be paid as penalty for not registering under GST is 10% of the total tax amount due subject to a minimum of Rs. 10,000.

What is GST Return filing

The basic meaning of “GST Return Filing” is “maintaining financial accounts” per year. Bookkeeping and GST Return Filing can be divided into several fields including financial GST Return Filing, managing general GST Return Filing,professional GST Return Filing, chartered accountant, auditing, tax GST Return Filing and cost GST Return Filing.

    • Step 1:

    Connect with an expert at LegalDocs and provide the necessary information to prepare your GST filing statement.

    • Step 2:

    Our expert will prepare a GST return statement based on the information provided and send it to you for your approval.

    • Step 3:

    GST return will be filed with the tax authorities once it has been approved by you.

What is GST Return

A GST file return is a document which has details of income which a taxpayer needs to file with the tax administrative authorities. This is used by tax authorities to calculate tax liability.

Eligibility for GST Return filing

In the GST norms, any regular business has to file three monthly returns and one annual return.GST should also be filed by entities that make no sales or purchases during a given period (year) in the form of nil-returns (meaning no returns).

The best part in this system one has to manually enter details of one monthly return – GSTR-1. The other two returns – GSTR 2 & 3 will get auto-populated by deriving information from GSTR-1 filed by you and your vendors. Compounding taxpayers have to file returns quarterly which is for every three months and regular taxpayers such as, foreign non-residents, casual taxpayers and Input Service Providers (ISD) have to file returns monthly.

Types of GST Returns

Following are the different Types of GST returns

S.No Return Particulars
1. GSTR 1 Includes taxable goods or services, or both as well as that of outward supplies.
2. GSTR 2 Includes inward supplies related to taxable goods and/or services, along with ITC claim.
3. GSTR 2 Includes of monthly returns based on finalised detail related to inward and outward supplies.
It also includes details of total tax payable.
4. GSTR 4 Includes details related to Quarterly Return filing, specifically for compounded tax liabilities of specific individuals.
5. GSTR 5 Includes details of GST return filing for non-resident foreign individuals.
6. GSTR 6 Serves as the form for Input Service Distributors to file returns.
7. GSTR 7 Serves as the form facilitates Return filing for authorities initiating TDS.
8. GSTR 8 Includes supply details for e-commerce operators along with the tax amount collected as per sub-section 52.
9. GSTR 9 Serves as the form to file Annual Returns.
10. GSTR 9A Includes details to file Annual Returns relative to Compounding taxable individuals registered u/s 10.
GST Return due date

This GSTR is due every month on 20th. Besides your quarterly and monthly returns, you also need to file an annual return by 31st of December. The GST reconciliation statement should be filed by a chartered accountant appointed by you.

GST Return Form Frequency Due Date for Return Filing
GSTR 3 Monthly Due by 20th of every month
GSTR 3B Monthly Return Due by 20th of every month
GSTR 4 Quarterly month Due by 18th of the following month after the end of each quarter
GSTR 5 & GSTR 5A Monthly Due by 20th of every month
GSTR 6 Monthly Due by end of every month
GSTR 7 Due by end of every month Due by 10th of every month
GSTR 9 Annual Return December 31st
Penalty for late filing of GST Return

If you fail to file GST returns on time it can lead to penalties and cancellation of GST registration. If one does not submit a GST return for six months, then the GST registration would be cancelled, and the person would not be able to obtain another GST registration - unless all the late filing penalty is paid.

For people having NIL return and persons having turnover, the penalty for late filing GST return is different. NIL GST return must be filed for an individual with no business. Failure to file NIL GST return can lead to a penalty of Rs.20 per day for each of the GSTR-3B return and GSTR-1 return. So, failure to file NIL GST return can result in a penalty of Rs.40 per day or Rs.1200 per month.

In case a person has business activity during the period for which GST return is late-filed, then a penalty of Rs.50 per day will be applicable for late GSTR-3B return and Rs.50 per for GSTR-1 return. Hence, a penalty of more than Rs.3000 per month would be applicable.

In addition to the above late filing fees, the person would also have to pay interest at the rate of 18% on GST payment remitted late to the Government.

GST Return filing - Composition Scheme

Anyone registered under the Composition Scheme is required to file FORM GSTR-4A every quarter through the GST Common Portal or through a GST Facilitation Centre. The due date for GST return for those enrolled under Composition Scheme is on the 18th of the month, succeeding a quarter. Hence, GST return for composition scheme would be due on April 18th, July 18th, October 18th and January 18th. The GST return filed by a Composition Scheme supplier must include details of the following:

1. Invoice wise inter-State and intra-State inward supplies received from registered and unregistered persons

2. Consolidated details of outward supplies made

Also, if a registered person opted to pay tax under composition scheme from the beginning of a financial year, then the taxpayer must file monthly GST returns on the 10th, 15th and 20th of each month and monthly returns till the due date of furnishing the return for the month of September of the succeeding financial year or furnishing of annual return of the preceding financial year, whichever is earlier. Hence, even if a taxable person under GST opted for a composition scheme from April onwards, the taxpayer must continue filing monthly GST returns until September.

Benefits of GST Return filing from AKB

1. Timely Submission - We will submit your GST returns within a period of 3 days from the date of submission of all details. There is also no chance of penalties in future.

2. Year Around Expert Consultation - Get consultation for GST on call. There is no limit on the number of questions or time limit.

3. Save Money (100% ITC Guaranteed) - We offer trusted and professional at affordable prices when compared to market standards.

4. In-House Team of Professionals - We have our professional in-house team. We do not sub-let your work to others

You can also write to us at akbtax2005@gmail.com or speak to our team at +91 87 3886 3886 who will assist you.