Find simplified GST Registration Services with the experts at Prakasha & Co. Trust our GST registration consultants while you focus on growing your business!
GST Registration Services in Bangalore
GST Registration Services
GST Registration – GST came into effect on July 1st, 2017. It is one of the largest tax reforms in India that was launched as a replacement for several Central and State levies like VAT, Service tax, Excise duty, Entry tax, Octroi, etc. At Prakasha & Co we offer the best services for GST Registration with our team of experts.
You can streamline your business operations with hassle-free GST registration and filings with us. At Prakasha & Co, we understand the importance of having a valid GST registration to ensure growth opportunities. Our experienced team is well-versed in the online process, ensuring a seamless and efficient GST Registration without any manual work.
When it comes to your GST-related queries, we’ve got you covered. Prakasha & Co is your go-to partner for comprehensive guidance and assistance. Whether you need clarification on GST regulations or help with managing your GST registration and filings, our experts are here to provide the answers you seek.
GST registration not only gives legal security but also guarantees a myriad of additional benefits. It not only increases your legitimacy or credibility in the market but also establishes a strong brand image. The key benefits of getting a GST Registration are briefed below:
- Help Gain Eligibility for Government Schemes and Benefits
- Increases Legitimacy and Credibility in the Market
- Give Access to a Wider Consumer Base
- Allow to collect and claim input tax credits (ITC)
- Simplify Tax Compliance
GST Registration is a prerequisite for all businesses whose annual turnover exceeds 20 lakhs. We thoroughly assist our clients in obtaining GST Registration in Bangalore for their business. Existing taxpayers who have service tax, VAT, or central excise registration are required to get GST registration for their businesses. Additionally, businesses operating in multiple states or even multiple businesses in one state must also register under GST.
New entrepreneurs or small-scale business owners are often confused about whether they should obtain GST registration. Although it is mandatory only for businesses with an annual turnover above 20 lakhs, it is advisable to get GST Registration in Bangalore. This is because you can claim tax refunds on your purchases, and you only pay GST when your turnover exceeds the limit. Otherwise, you can simply file a NIL return.
Documents Required for GST Registration in Bangalore
GST registration has become fairly simple with the advent of online portals and other digital platforms. However, to complete the registration process you need to submit all the required documents for legally verifying the identity of business owners and ensuring legal compliance. If you are a new businessman and lack knowledge about the documentation, here is the list of documents you may require to complete your GST registration in Bangalore. The list includes all the documents you will need to submit for smooth GST registration.
These documents may vary based on the constitution of the business, the number of business owners, and other factors. Take a look at the documents needed for the registration to ensure compliance with all the regulations.
Establishment of Business
- Limited Liability Partnership (LLP) - CoI & LLP Agreement
- Private Limited Company - Certification of Incorporation & MoA & AoA
- Proprietorship - Udyam Registration Shop & Establishment license
- Partnership - Partnership deed
All the Business Director/Partners/Proprietor
- Mobile (registered with an Aadhaar card)
- Email id
- Clear Passport Size Photo
- Name of the Authorised Signatory to the application
- PAN Card
- Aadhaar Card
Other Important Documents and Information
- Shop & Establishment license
- PTEC / PTRC
- FSSAI if applicable
- Main commodities / Services with HSN/SAC
- Nature of Business - Reseller / Manufacturer / Retailer / Wholesaler
- Letter of Authority, On letterhead, with date and stamp
- A Bank Statement of the Current account or Cancelled Cheque is needed (after GST registration)
- Udyam Registration
6 Benefits of GST Registration in Business
Prakasha & Co. is a team of GST consultants. Complying with Goods & Services Tax Law in India is mandatory and indirect tax levied on the supply of goods and services. Though only mandatory for business owners with a certain amount of annual turnover, small-scale businessmen can also benefit from GST registrations. If you still have second thoughts about getting your business registered in Bangalore, read these 6 Benefits of GST Registration. These benefits highlight, how your business can flourish with the GST registration. All the benefits elaborate on the advantages offered by GST registration.
Cost Reduction for GST registration in Bangalore
The cascading impact of numerous taxes and VATs was eliminated with the implementation of GST, which decreased the cost of goods and services.
Helped business to manage the GST compliance easy.
Aids in avoiding time-consuming tax services
Small businesses benefit from GST registration since it lets them avoid time-consuming tax services. Since service providers and products suppliers with annual sales of under 20Lac & 40Lac respectively are exempt from the GST.
Taxation Process Uniformity
GST registration in Bangalore provides for centralized registration and brings uniformity to the taxation process. This makes it easier for businesses to submit their quarterly tax returns online.
Reduce Tax Evasion
With the implementation of the GST in Bangalore, tax avoidance has significantly decreased.
Every Goods which has the value of Rs.50,000 and above must registered at e-way bill. This has significantly reduce the tax leakage from Business.
Eligibility of GST Registration
The eligibility for GST registration confuses most of the businesses. To fully understand GST registration it is important to be aware of all the aspects related to the process. GST registration is mandatory for businesses exceeding specified turnover limits. GST registration enables businesses to get seamless inter-state transactions and increases the credibility of your business in the eyes of customers. To help you learn more about the eligibility of GST registration we have enlisted the key points below. These points cover all the information about those who are eligible for GST registration.
Provider of interstate sales or services
Regardless of turnover, anyone supplying goods or services to another state must register for GST. Even online service providers with customers in another state will be required to register for GST right away
E-commerce company
Who owns, operates, and manages an e-commerce digital platform. Consider Flipkart and Amazon.
some-one has the Business by selling the goods in the online also must Register with GST Act.
Non- Residents & Importers
Regardless of turnover, any non-resident person or company supplying goods or services in India must register themselves under the relevant provisions, the process of GST registration in Bangalore too should be undergone appropriately.
Supplier of Online Information:
Regardless of turnover, anyone providing online information and database services to someone in India from outside India must register
Key Reasons to Choose GST Registration in Bangalore
Prakasha & Co. is a team of GST consultants. Complying with Goods & Services Tax Law in India is mandatory and indirect tax levied on the supply of goods and services. Though only mandatory for business owners with a certain annual turnover, small-scale businessmen can also benefit from GST registrations. If you still have second thoughts about registering your business in Bangalore, read these Benefits of GST Registration. These benefits highlight, how your business can flourish with the GST registration. All the benefits elaborate on the advantages offered by GST registration.
Ensure Legal Compliance:
GST registration has become an important chore for all businessmen. GST registrations ensure that all organizations show compliance with legal obligations and avoid fees and legal consequences. This also ensures that all the organizations work as per the legal system and maintain their reputation in the market.
Boost Business Credibility:
Another major benefit of GST registration in Bangalore is the boost given to the credibility of your business. GST acts as legal recognition from the government and helps you win the trust of your customers, partners, and funders.
Give Access to Interstate Sales:
GST registration allows businesses and organizations to engage in regional sales and expand their market reach. The simplified tax system significantly reduces the deals across the state line giving a major push to the business growth and market competitiveness.
Help Claim Input Tax Credit:
The GST registration allows businessmen to claim the input tax credit, thereby reducing the tax debt and increasing the cash flow. The GST registration allows you to balance the GST you paid on costs against the GST you got on income.
Simplify Tax Filing Process:
Having GST registration also simplifies tax filing and offers a wide range of benefits. The GST integrates various indirect taxes into a single elaborate direct tax system to ensure a seamless tax submission experience for the taxpayers.
Step-by-Step Procedure for GST Registration in Bangalore
GST registration is an elaborate process and comprises various steps of document submission and other key formalities. The advancements in the digital era have propelled the government to shift the entire process to online portals to give businessmen a seamless registration experience. To give you a general idea we have listed the entire process in a step-by-step series. All the steps are listed in a sequence to make it easier for you to understand the GST registration in Bangalore. The steps included in the GST registration process are mentioned below:
- Step – 1: The very first step for GST Registration is to fill the online application, and for the same, the taxpayer shall visit the GST portal Www.Gst.Gov.In. Also, the taxpayer (Applicant) needs to create a username and password in the portal.
- Step – 2: The Applicant need to click the link on the GST portal, and click on to the ‘New User Login’. By clicking on ‘New User Login’ accept the window on the displayed declaration form and press ‘Continue’ to register yourself for GST Registration.
- Step – 3: The applicant is required to Select ‘New Registration’ and Login to start the GST registration procedure.
- Step – 4: The applicant shall fill the required details asked on the GST portal:-• Select ‘Taxpayer’ under the drop-down menu. • Select the respective state and district. • Enter the details of the business (Name and PAN card). • Provide the email ID and mobile number (that must be active as OTPs will be sent on the details) in the respective boxes. • Enter the Captcha shown on the screen and click on ‘Proceed’.
- Step – 5: The next step after filing the required details is to enter the OTP sent to your email ID and mobile number in the respective boxes.
- Step – 6: Click on the ‘Proceed’ button once the details have been entered.
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Step – 7:An applicant will receive the Temporary Reference Number (TRN) on the screen. Save the TRN for further processing.
Note-TRN is used to open PART-B in GST registration and to log in to the GST registration application.
- Step – 8:After receiving the TRN, an applicant is required to open the GST portal again and click on ‘Register’ under the ‘Taxpayers’ menu.
- Step – 9:Select the ‘Temporary Reference Number (TRN)’.
- Step – 10: Enter the TRN selected and the captcha details.
- Step – 11: Once the Captcha details are entered, click on the ‘Proceed’ button.
- Step – 12: An applicant will receive an OTP on the email ID and registered mobile number. Click on the ‘Proceed’ Button by entering the OTP received.
- Step – 13:The status of your application will be displayed on the next page. Click on the Edit icon, mentioned on the right side of the page.
- Step – 14: On the next page there will be various sections, where all relevant details are required to be filed along with the necessary documents.
- Step – 15:Before applying, click on the ‘Verification’ page and check the declaration. The below-mentioned methods can be used for submitting the application:• Electronic Verification Code (EVC). • By e-Sign method. • In case the applicant is a company, the application must be submitted by using the Digital Signature Certificate (DSC).
- Step – 16: Once the process is completed, a successful completion message will be shown on the screen. The ARN will be sent on the mobile number and email ID registered by the GST Applicant.
- Step – 17: Check the status of the ARN on the GST portal.
Who Needs GST Registration in Bangalore?
The eligibility for GST registration confuses most of the businesses. To fully understand GST registration it is important to be aware of all the aspects related to the process. GST registration is mandatory for businesses exceeding specified turnover limits. GST registration enables businesses to get seamless inter-state transactions and increases the credibility of your business in the eyes of customers.
To help you learn more about the eligibility of GST registration we have enlisted the key points below. These points cover all the information about those who are eligible for GST registration.
Aggregate Turnover:
Any businessmen or service providers who offer services of more than Rs.20 lakh in a year are needed to get GST registration in Bangalore. The organizations or individuals involved in the supply of goods crossing Rs.40 lakhs are eligible to get GST registration in Bangalore.
E-commerce Platforms:
The e-commerce platforms are required to get GST registration irrespective of their turnover. All the e-commerce platform owners are eligible for GST registration especially if they are involved in the supply of goods and services.
Interstate Business:
All interstate businesses are needed to get GST registration in Bangalore if they are engaged in the supply of goods and services from one state to another.
Casual Taxable Person:
An individual or business involved in the supply of goods and services regardless of their turnover is required to get GST registration in Bangalore.
Voluntary Registration:
An individual can also apply for GST registration if they aren’t able to surrender GST registration for up to a year. As per the recent revisions voluntary GST registrations can be surrendered at any time.
Why Choose Prakasha & Co. for GST Registration in Bangalore
Prakasha & Co. is a trusted name in Bangalore for offering business consultancy to all budding businesses and corporate firms. We are offering consultancy services in over 20+ locations in India, catering to specific business requirements. We are a team of Company Secretaries, CA, GST experts, and legal experts with extensive insights on obtaining required registrations and offering specialized consultancy. With over 15+ years of experience in the industry, we offer company setup, registration, accounting, audit, tax advisory, GST, trademark, and legal services. You can trust our experts to offer comprehensive support for GST registration in Bangalore and ensure compliance with all the regulations.
Comprehensive GST Registration in Bangalore by Prakasha
At Prakasha & Co, we offer an extensive range of GST Registration services in Bangalore, catering to businesses of all sizes. Our expertise goes beyond just registering businesses under the GST regime. We provide end-to-end solutions to ensure that your business stays compliant, avoids penalties, and maximizes benefits under the GST framework.1. GST Composition Scheme
Small businesses with a turnover of up to ₹1.5 crores can opt for the GST Composition Scheme, which simplifies tax payments at a fixed rate on turnover and minimizes compliance efforts. We assist with eligibility determination, registration, and timely submission of quarterly returns, allowing businesses to focus on growth without worrying about penalties.2. Penalties for Non-Compliance
Non-compliance with GST regulations can result in hefty penalties. Whether it’s failing to register on time or missing return filings, penalties can weigh down businesses financially. At Prakasha & Co, we provide dedicated GST compliance services, ensuring your business stays on top of deadlines and adheres to the law.3. GST Return Filing Assistance
Filing GST returns involves dealing with forms like GSTR-1 and GSTR-3B, among others, which can be overwhelming. Our team takes care of every step of the return filing process, ensuring accuracy and punctuality in submitting these forms so that you can focus on your business operations.4. GST Audit Services
Businesses with an annual turnover exceeding ₹2 crores are required to undergo a GST Audit. We provide expert GST audit services to ensure full compliance, verify records, and address discrepancies. Our audits minimize legal risks and ensure that your business avoids potential penalties.5. Sector-Specific GST Advisory
Different industries face unique GST challenges. We offer sector-specific advisory services to businesses across manufacturing, e-commerce, and service industries. Our custom solutions help you stay compliant and streamline operations, whether it’s optimizing GST returns or claiming input credits.6. GST for Exporters
For exporters, the zero-rated supply under GST allows them to claim refunds on input goods and services. Our dedicated services for exporters help ensure timely and accurate refund filings, improving cash flow and profitability.7. GST Amendments and Updates
The GST Act is frequently amended, affecting business operations. We ensure that our clients remain compliant with the latest changes, keeping them informed and making necessary adjustments in their processes to stay ahead of potential legal challenges.8. GST Training Programs
We provide GST Training Programs for business owners and their teams, educating them on GST rules and filing procedures. Our workshops empower businesses to manage GST processes in-house, reducing errors and filing delays.9. Maximizing GST Input Tax Credit (ITC)
The Input Tax Credit (ITC) system is essential for reducing tax liabilities. We help businesses optimize their ITC claims by ensuring accurate documentation and timely filings, allowing them to save on taxes and maintain strong cash flow.10. GST Registration for Startups
We simplify the GST registration process for startups, providing expert guidance and support to navigate the complexities of the GST framework. This ensures startups comply with government regulations while focusing on growth and innovation. At Prakasha & Co, our goal is to provide businesses with seamless and efficient GST Registration services in Bangalore. Whether you need assistance with registration, filing, audits, or compliance, our experienced team is here to guide you every step of the way. At Prakasha & Co. we maintain a transparent pricing policy and offer our services at a highly affordable price. Our GST consultants are authorized by the Central or State Government to carry out all tax-related activities on behalf of taxpayers in India. The key benefits of connecting with Prakasha & Co. for GST registration are listed below:- In-depth knowledge of GST laws and regulations
- Offer businesses ample time to focus on core business activities.
- Stay updated with the latest changes in the GST laws
- Help in optimizing input tax credit claims
- Extend support for better financial planning and strategy
Frequently Asked Questions (FAQs)
Filing for GST registration can be overwhelming, especially for businessmen unaware of the legal complexities. Whether you own a startup, small business, or an established enterprise, these FAQs will provide useful insight into GST registration. The FAQs cover some of the most common questions that puzzle budding entrepreneurs and businessmen. Go through the FAQs below to learn more about the GST registration.
The duration for GST registration can vary from business to business. If everything is in order, it may take anywhere between 4 to 5 business days to register GST. This timeline further depends on Government processing, approval time, public holidays, etc. Our Experts at Prakasha & Co. thoroughly assist you in the registration process and help you submit all the documents on time.
Getting registered with GST is a must for businesses that have a turnover of over INR 20 lakhs or for those who engage in inter-state transactions.
This is because GST is charged on the goods and services sold in India. If you do not register, you can’t collect GST from your customers. This can be frustrating for start-up owners. However, the process is simple if you use Prakasha & Co. legal experts to help you complete it. Get in touch with Today for your GST-related services.
Getting registered with GST is a must for businesses that have a turnover of over INR 20 lakhs or for those who engage in inter-state transactions.
Though GST registration can apply to all businesses, there are a few exceptions that may not be needed to get the registration. Businesses or people who are exempted from the GST registration in Bangalore are:
- Supply agricultural produce from cultivation
- Make only exempt supplies (Nil Rated or Non-Taxable supplies) of goods or services
- Make supplies that are entirely covered under reverse charge
Yes, it is possible to make amendments to the GST registration certificate, if a person pays tax. The changes can be done for some changes without prior approval like e-mail IDs, mobile numbers, etc. However, for the following cases, you shall apply for the changes within 15 days of the registration.
- Legal name of the business
- State of place of business or additional place of business
- This will be approved within the next 15 days.
As per the rules, a person or an entity can only have a single registration in each state for each PAN. Therefore, you can mention only one place as your principal place of business and show all the other branches as additional places of business in that state. However, an entity can obtain separate registrations if in case it has separate business verticals within the state.
You can apply for the cancellation of your GST registration certificate in Bangalore only in two cases. The experts at Prakasha & Co. can also help in similarly filing for the cancellation. The two main scenarios where you can apply for the cancellation of the GST Registration Certificate are mentioned below:
- The taxable person wishes to voluntarily cancel his GST registration.
- If the proper officer, on default by the taxable person, moves to cancel the GST registration on his motion.
Here’s how we at Prakasha & Co. can assist with GST Registration
- Help you to get the Commercial place for GST registration
- Advise you for the proper Documents for GST registration
- Help in managing & preparing documents.
- Help with filling out forms with GST office
- All the way through Guidance – end to end Support.
- Post GST registration servicees on the GST filing and Returns.
Getting registered with GST is a must for businesses that have a turnover of over INR 20 lakhs or for those who engage in inter-state transactions.
This is because GST is charged on the goods and services sold in India. If you do not register, you can’t collect GST from your customers. This can be frustrating for start-up owners. However, the process is simple if you use Prakasha & Co Legal experts to help you complete it. Get in touch with Today for your GST related services.
A company consultant can be important for a business during the GST registration process in Bangalore, or any other location in India, because they can provide expert guidance and assistance with the process.
GST registration can be complex and time-consuming, and a company consultant can help a business navigate the process and ensure that it is completed correctly. They can provide information and advice on the various requirements and procedures involved in GST registration, and help the business complete and file the necessary forms and documents.
In addition to assisting with the GST registration process, a company consultant can also provide ongoing support and guidance on GST compliance matters. This can be especially useful for businesses that are new to GST or have limited experience with the tax.
Overall, a company consultant can be a valuable resource for businesses in Bangalore or any other location in India during the GST registration process. They can provide expert guidance and assistance, helping businesses understand and comply with GST laws and regulations and operate more efficiently and effectively.
