GST Registration
Simplify Your Business Taxation with OSBS Accounting Solutions Private Limited
Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India. GST Registration is mandatory for businesses whose turnover exceeds the prescribed threshold limit, or for businesses engaged in interstate trade or providing taxable services. OSBS Accounting Solutions Private Limited simplifies the process of GST Registration, ensuring your business is compliant with Indian tax laws.
What is GST Registration?
GST Registration is the process through which a business becomes recognized as a taxpayer under the Goods and Services Tax (GST) regime. Once registered, a business gets a unique GST Identification Number (GSTIN) that allows it to collect tax from customers and claim input tax credit (ITC) on taxes paid on business-related purchases.
Who Needs to Register for GST?
Businesses with Turnover Exceeding the Threshold Limit: Businesses whose annual turnover exceeds the prescribed limit for GST registration (currently ₹40 Lakhs for goods and ₹20 Lakhs for services, with variations based on location)
Interstate Traders: Businesses involved in the supply of goods or services across state borders
E-Commerce Operators: If you are selling goods or services through an e-commerce platform
Service Providers: Any person providing taxable services
Voluntary Registration: Even if your business turnover is below the prescribed threshold, you can apply for GST registration voluntarily
Types of GST Registration:
Regular GST Registration: For businesses exceeding the threshold limit
Composition Scheme GST Registration: For small businesses with a turnover below ₹1.5 crore
Casual Taxable Person Registration: For businesses with occasional activities (e.g., one-time events)
Non-Resident Taxable Person Registration: For businesses outside India who need to supply goods or services in India
Documents Required for GST Registration:
PAN card of the business or proprietor
Aadhaar card for the business proprietor
Proof of business address (rent agreement or utility bills)
Bank account details (Cancelled cheque or bank statement)
Photographs of the business owner
Business constitution documents (Partnership deed, Certificate of Incorporation, etc.)
Digital Signature of the authorized signatory
Letter of Authorization from the business owner for the authorized signatory
Benefits of GST Registration:
Legal Recognition: GST registration provides legal recognition to your business
Input Tax Credit (ITC): Ability to claim ITC for taxes paid on purchases, which can reduce your tax liability
Expand Your Market: Inter-state sales are only possible with GST registration
Increase Credibility: GST registration adds credibility to your business, especially when dealing with large corporations or government entities
Compliance with Law: Avoid penalties and fines for non-compliance with the GST laws
Fewer Barriers to Trade: Smooth movement of goods and services between states and across borders
Why Choose OSBS Accounting Solutions Private Limited for GST Registration?
Expert Assistance: We guide you through every step of the GST registration process
Hassle-Free Process: We manage all the documentation and regulatory formalities for you
Quick Turnaround: We ensure fast and smooth processing for your GST registration
Post-Registration Compliance: We assist with ongoing GST returns filing, GST invoice preparation, and other compliance requirements
Affordable Pricing: Get GST registration services at a competitive price, with no hidden charges
Continuous Support: We provide expert advice on GST laws and regulations to keep your business compliant
Start your GST registration with OSBS Accounting Solutions Private Limited and ensure that your business is compliant with the latest tax laws in India. Let us help you manage your taxes efficiently and stay ahead in business.
