New GST Registration to start on 25th June, 2017 – 5 Points you must know about the Fresh GST registration

1.0 Introduction

The new GST registration shall start from 25th June, 2017 and hence the long wait is now all set to over. The fresh GST registration window shall open on 25th June, 2017 and the complete rollover of GST laws shall be implemented from mid night of 30th June, 2017.

GST will going to impact everybody in India from a small tea shop to a billion dollar company and this is why we have drafted these 10 points that every person should know to get new GST registration in India.

Here are 10 important points on new GST registration in India:

 

#Point no.1 - Basic Exemption for Small dealers under GST

The basic threshold limit for GST exemption is Rs.20 lakh (Rs.10 lakh for north eastern states). If any dealer is having total revenue within 20 lakh, then he need not register.

However, the above basic exemption limit under GST shall not apply to the following person:

• Having interstate sales (Even a single interstate sell online needs GST registration).
• Selling on Amazon or flipkart.
• Exporter or importer of goods or services.
• Others

 

#Point no.2 – NEW GST Registration form and Process

The new GST registration procedure is completely online and therefore you need not visit to the government department again and again for GST registration in India.

You can file the GST registration online via form GST REG – 01. Call us at 9540618336 or email us info@hubco.in for GST registration procedure.

 

#Point no.3 – No Security deposit or guarantee required

The time has gone when you need to deposit atleast Rs.1 lakh with the sales tax department to get your VAT or sales tax registration. Under GST, you can register directly with hubco.in and no security or guarantee shall be required for new GST registration.

Just collect documents and register for new GST in India.

 

#Point no.4 – Time and Cost for New GST registration

The total time required for new GST registration is between 3 to 7 working days. Further, the total cost for GST registration is Rs.1,599/-.

Just call us at 9540618336 or email us info@hubco.in for new GST registration.

 

#Point no.5 – Only 4 documents required

There are only four documents are required for GST registration in India. Here is the list of four documents which are required for GST registration in India

  1. Photo of the Authorised person

• Photo of proprietor in case of proprietorship
• Photo of Managing partner/designated partner in case of firm/LLP
• Photo of Managing director/whole time director in case of Companies

 

  2. Proof of Registration

• Partnership deed in case of partnership firm
• Registration certificate in case of LLP and Companies
• No registration certificate required in case of proprietorship

 

  3. Proof of Principle place of business

• If you own the property, then ownership document like electricity bill, tax receipt/property tax receipt or registry documents of that place.
• If you are on rent, then copy of rent agreement/lease agreement with electricity bill in the name of the owner.
• If you neither own the property nor on rent, then submit electricity bill along with copy of NOC.

 

  4. Other documents

• Scanned copy of bank statement/bank passbook or scan copy of cancelled cheque containing Name, bank account no., MICR, IFSC and branch details including code
• Authorisation form

 

6.0 Conclusion

In case you are facing with any problem, you can directly email it to info@hubco.in.

 

Related Links:

• GST Registration
• GST Return Filings
• GST Software