GST Registration for Distributors, Online GST Number, Required Documents

  • One tax rate across the nation
  • Helps to enhance Interstate business
  • Tax based on the consumption of goods and services
  • Tax for every goods and services without differentiation
  • Easy access to open current account for startup entrepreneurs
  • Include 17 different taxes implemented by central and states level

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Documents for GST Registration Who Needs GST Highlights of GST Types of GST Benefits of GST Key Features of GST GST Registration Process GST Registration Faq's Leave a Reply

GST Registration for Distributors, Online GST Number, Required Documents

GST Registration for Distributors, Online GST Number, Required Documents: Retailers sell goods such as groceries, food products, and clothes, etc.. Directly to the consumers who come to buy the products on behalf of different channels to earn profits. Retailers only sell the products which are manufactured by another company; they don’t manufacture the products to sell. But distributors and suppliers are the teams who supplies o deliver the product n goods to the retailers and wholesalers for selling. A wholesaler collects a huge amount of products from the farmers, vendors, and manufacturers that are to be sold and they store the product collected and sell to the retailers. All these agencies are dealing with the products and goods they must be registered for the GST to pay the goods and service tax to the government.

Central Board of Indirect Taxes and Customs, Goods and Services Tax (CBIC GST), Government of India

Goods and Services Tax or GST is a simplified tax payment system that emerged on July 1, 2017. It is levied on everyone who is dealing with the supply of goods and services all over in India. It has been emerged to bring uniformity in the indirect tax structure by replacing all taxes which is existed before the introduction of GST such as service tax, excise duty, etc. In the shot, GST has the concept "One Nation One Tax."

For every goods and product, everyone has to pay the tax and the main fundamental one is the goods and services tax (GST), this is the process of collecting the tax on behalf of the government. GST was established as one nation – one tax by the government. GST Registration will provide as the main fundamental branch for every variety of the tax line such as Central Excise, service tax, and luxury tax, etc… Only after registering under GST anyone can claim for the credit of the tax paid.GST reduces the number of indirect taxes which has to be paid. For registered retailers, there will be no hidden tax to be paid other than the GST. It is levied on every goods and service sold for domestic consumptions. Even though GST is paid by the consumers it is given to the government by the business of selling goods and services.GST reduces the complications in the tax payment and the tax administrators also make a unique tax payment system for every business domain in our nation. Since GST is a unique tax system competition among the states for the tax and revenue will be reduced at a high rate. GST mainly aims to make a simplified and single tax system. The establishment of the GST increases the efficiency in the business and reduces every unnecessary tax.GST not only simplifying the tax system but also increases the revenue and reduces the tax outflow from the competing stream of the consumers and the exporters. GST increases the growth of our nation and replaces every indirect tax on goods and services which is provided by the state and the central.

Required Documents for GST Registration in India

Documents Required for Private Limited Company (Pvt. Ltd.) GST Registration in India

Documents Required for Partnership Firm GST Registration in India

Documents Required for Sole Proprietorship (Single Owner) GST Registration in India

Who Needs GST Registration in India

Business operators registered under the Pre-GST law (i.e., Excise, VAT, Service Tax etc.)Individuals who paying tax under the reverse charge mechanism
Businesses with turnover above the government provided threshold limit i.e Rs 40 Lakhs as well as Rs. 20 Lakhs for some North-Eastern States.Person who supplies goods and services through e-commerce platform
Occasional taxable person/ Non-Resident taxable personEvery e-commerce platform providers
Supplier of goods and services as well as service distributors 

Benefits of GST Registration in India

GST Registration eliminates the cascading effect of taxSimple and easy online procedure for registration
Higher threshold limit for GST registrationReduced number of compliances
Composition scheme for small business entrepreneursDefined treatment for E-commerce platform operators

Types of GST

Highlights of GST Registration

Key Features of GST Registration

Include 17 different taxes implemented by central and states level

GST combines the existing central and state level taxes into a single tax payment system.

Tax based on the consumption of goods and services

GST is said to be consumption-based tax.

One tax rate across the nation

Simplified and single tax payment system across India.

Helps to enhance Interstate business

Easy way to do interstate businesses for all types of business entities.

Tax for every goods and services without differentiation

GST implements same tax rate throughout India.

Easy access to open current account for startup entrepreneurs

GST certificate is the mandatory legal requirement to open current bank accounts.

GST Registration Process Online

GST Registration Faq's

What Is Goods And Services Tax (GST)?

Goods and Services Tax (GST) is a consumption tax that applies to the supply of goods and services. The tax came into existence from 1 July 2017 by the Indian government. The GST helps in reducing existing multiple taxes implemented by the central and state governments.

Types Of Goods And Services Tax (GST)?

There are four types of GST implemented by government; State Goods and Services Tax (SGST), Central Goods and Service Tax (CGST), Union Territory Goods and Services Tax (UTGST), and Integrated Goods and Services Tax (IGST).

Benefits Of Goods And Services Tax (GST)?

Advantages of GST:
1. GST reduces the cascading effect of tax
2. Higher threshold limit for registration
3. Composition scheme for small businesses
4. Easy and Simple registration procedure
5. Reduced number of compliances
6. Defined treatment for E-commerce platform operators
7. Improved efficiency in tax payment
8. Regulation of Unorganized sector

What Is Integrated Goods And Service Tax (IGST)?

IGST means Integrated Goods and Service Tax, IGST is a tax implemented on all Inter-State supplies of goods and services. IGST will apply to every goods and service supplied.

What Is Central Goods And Service Tax (CGST)?

Central Goods and Service Tax i.e. CGST is a tax that is collected to the Central Government for supplies of goods or services within the state.

What Is State Goods And Service Tax (SGST)?

State Goods and Service Tax i.e. SGST is a tax that is collected to State Government for supplies of goods or services within the state.

Whether Single Registration Needed For Operating In Different State With Same Pancard?

No. Each individual who is responsible to pay tax has to take registration separately for each of the States where he has a business entity and is responsible to pay GST according to the government rule.

Whether An Individual Or Business Operator Having Multiple Business Verticals In A State Can Obtain For Different Registrations?

No, if your two businesses are within the same state then you need only one GST registration for both of them. According to the GST norms, if you are handling two businesses in different states under the same PAN it is mandatory to obtain different GST registration. If you take separate registration for different businesses, it will increase your administration costs like the number of filing of returns. But with the separate GST number, it will be easy to maintain your financial statements for both the business entities separately and your business verticals will be treated as two different entities, thus while you transfer any goods from one branch to another branch, you have to pay the GST.

Whether Permanent Account Number (PAN) Mandatory For Obtaining A Registration?

Yes. As per norms of GST every person should have a Permanent Account Number (PAN) issued under the Income Tax Act, for getting eligibility of registration. But PAN is not mandatory for a non- resident taxable person, they can register based on any other document prescribed.

Can We Take Centralized Registration For Services Under GST Law?

No, the business operator has to take separate registration in every state from where he makes supplies of goods and services and has to pay the corresponding tax

What Is The Process Of Rejection Of Registration?

If registration is refused, then the applicant will be informed about the reasons for refusal through a speaking order. The applicant has the right to appeal against the decision proposed by the Authority. As per GST norms, any rejection of the application by one authority shall be deemed to be a rejection of the application by the other tax authority.

Who Needs To File The Return Of The GST Regime?

All registered business operators have to file monthly, quarterly, or annual GST Returns according to the type of business they owned.

How Can A Taxpayer File The GST Return?

GST Return is a document that contains every data related to GST invoices, payments, and receipts for a specified period. A taxpayer is responsible to declare all transactions related to the revenue of the business, according to that the authorities will summarize the amount of tax to be paid by the business. Business owners can file their GST through the online portal provided by GSTN. While filing GST returns, the registered dealer must have the following details for the specified period such as Total Sales, Total purchases, Output GST (GST paid by customers.), ITC GST paid by the business for purchases. Status of the filed GST return can be checked online.

Whether Filing Of GST Return Is Compulsory For A Taxpayer?

Yes, Filing GST return is mandatory for every taxpayer. Even if there is no transaction, you must file a Nil GST return.

A Consequence Of Not Filing The GST Return Within The Prescribed Time?

Every person with a business of threshold turnover limit has to register under GST and as well as they have filed the GST return accordingly. Hence every taxpayer has to file the GST return if they are registered under GST. Regular taxpayers can file their GST return monthly and dealers registered under Composition Scheme can file GST returns quarterly basis. Every non-resident taxable persons shall file one return monthly. If you filed your GST return late, then you have to pay additional penalty charges also with the existing rate. Due to technical issues and amendment of GST clauses, the CBIC has reduced the penalty amount for the late filing.

Who Is Eligible For Paying GST?

Every supplier or distributor of goods or services is liable to pay GST. However, in some cases like imports and other supplies, the liability may be cast on the recipient under the reverse charge mechanism. Further, in some cases, the liability to pay is on the third-party agents such as in case of e-commerce operator responsible for TCS or Government Department responsible for TDS.

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