GST Registration in Khanna

Name: GST Registration in Khanna
Brand: GST registration in Khanna
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Are you looking for GST Registration in Khanna ?

GST Registration in Khanna can be done online with B K Goyal & Co LLP Chartered Accountants.

GST refers to Goods and Service Tax which was introduced in India in the year 2017 which submerged Value Added Tax which was applicable on Supply of Goods and Service Tax which was applicable on supply of Services in India along with many other tax. As the Value Added Tax was a state subject hence every state had its own VAT Law and Policy. To bring the concept of One Nation One Tax leading to building a healthy democracy Goods and Service Tax Was Launched in India.

Online Document Submission & Application Tracking

Gone are the days of endless paperwork and long queues. With the digital revolution, GST registration an online platform for businesses to submit their documents and track the application status. Embrace technology and take advantage of this convenience!

Filing of Application for GST Registration
Secure GST Identification Number
Dedicated manager to process your GST registration end to end
Completely Online – No need to visit office
CA Assisted GST Filing for all your GST needs

Documents Required for GST Registration

In case of Proprietorship Firm

PAN Card of Proprietor
Aadhar Card of Proprietor
Place of business address proof- Utility Bill
Rent Agreement/NOC/Sale Deed of registered place of business
Passport size Photo of Proprietor
Details of Already registered GSTN number (if any)
Nature of Business
Trade Name
Mobile Number
Email ID
Engagement Letter

In case of a Company

PAN Card of the Company
TAN Card of the Company
Certificate of Incorporation of the Company
MOA & AOA of the Company
Authorisation Letter (Board resolution)
Aadhar Card of all directors
PAN Card of all directors
Place of business address proof- Utility Bill
Rent Agreement/NOC/Sale Deed of registered place of business
Passport size Photo of all the directors
Details of Already registered GSTN number (if any)
Nature of Business
Trade Name
Mobile Number
Email ID
Engagement Letter

In case of a Partnership Firm

PAN Card of the Partnership Firm
TAN Card of the Partnership Firm
Certificate of Incorporation of the Partnership Firm
Partnerhsip Deed of the Partnership Firm
Authorisation Letter
Aadhar Card of all Partners
PAN Card of all Partners
Place of business address proof- Utility Bill
Rent Agreement/NOC/Sale Deed of registered place of business
Passport size Photo of all the Partners
Details of Already registered GSTN number (if any)
Nature of Business
Trade Name
Mobile Number
Email ID
Engagement Letter

Advantage of GST Registration in Khanna

Registration will confer the following advantages to a taxpayer:

He is legally recognized as a supplier of goods or services.
He is legally authorized to collect tax from his customers and pass on the credit of the taxes paid on the goods or services supplied to the purchasers/ recipients.
He can claim an input tax credit of taxes paid and utilize the same to pay taxes due on the supply of goods or services.
Seamless flow of Input Tax Credit from suppliers to recipients at the national level.

To sum up, if your threshold is above 20 Lakhs or 40 Lakhs per annum, as the case may be, you will have to obtain GST Registration or else it will be illegal to carry on the business.
Furthermore, if you are starting a new business, it will help you obtain orders and make sales, as most big organizations look for GST Registered businesses due to the increased trust in the market.

It’s important for businesses to familiarize themselves with the specific GST laws and rules applicable

Types of GST Registration in Khanna

Who Needs a GST Registration Service

Any individual or business entity that carries out taxable supplies of goods or services
Annual turnover of the business exceeds the prescribed threshold limit (currently ₹20 lakhs for most businesses)
E-commerce operators that facilitate the supply of goods and services through their platform
Non-resident taxable persons who occasionally supply goods or services in India
Businesses that are involved in inter-state supply of goods or services
Input service distributors who distribute input tax credit to their branches or units
Casual taxable persons who supply goods or services occasionally in India
Businesses that were previously registered under the old tax regime (VAT, Service Tax, etc.) and have migrated to GST.

Penalties for Not Filing GST Returns

Late Filing Fee

Businesses are required to file GST returns within the prescribed due dates. If a business fails to file its returns on time, a late filing fee is imposed. The amount of the fee can vary based on the number of days the return is delayed.

The following temporary reductions have been made in recent times for late fees to be paid:

Intra-state: For intra-state supplies, the late fees have been reduced to INR 25 per day under CGST and INR 25 per day under SGST.
Inter-state: the late fees for inter-state supplies also has been reduced to INR 25 per day by CGST as well as SGST INR 50
NIL return: For NIL return late filing, CGST has reduced the amount to INR 10 per day and similarly SGST also has reduced the amount to INR 10. Thus, a total of INR 20 per day. Under IGST also, the late fees have been reduced to INR 20 per day.

Interest on Late Payment

In addition to the late filing fee, the tax authorities may charge interest on the outstanding tax liability for the period of delay. On the total penalty liability, interest at the rate of 18% per annum is applied

Loss of Input Tax Credit

Non-filing or delayed filing of GST returns can result in the loss of input tax credit for the corresponding tax period. Input tax credit is crucial for businesses

Penalties for Repeated Non-compliance

For businesses that consistently fail to file GST returns or repeatedly engage in non-compliance, additional penalties and fines may be imposed.

Suspension or Cancellation of GST Registration

non-filing or non-compliance may lead to the suspension or cancellation of the business’s GST registration. This can have severe consequences on the business

Audits and Scrutiny

Non-filing or late filing of GST returns may attract attention from the tax authorities, leading to audits or scrutiny of the business’s financial records.

Legal Proceedings

In extreme cases of non-compliance, the tax authorities may initiate legal proceedings against the business, which can result in additional fines or penalties determined by the court

SECTION 122	Penalty for certain offences
SECTION 123	Penalty for failure to furnish information return
SECTION 124	Fine for failure to furnish statistics
SECTION 125	General penalty
SECTION 126	General disciplines related to penalty
SECTION 127	Power to impose penalty in certain cases
SECTION 128	Power to waive penalty or fee or both
SECTION 129	Detention, seizure and release of goods and conveyances in transit
SECTION 130	Confiscation of goods or conveyances and levy of penalty
SECTION 131	Confiscation or penalty not to interfere with other punishments
SECTION 132	Punishment for certain offences
SECTION 133	Liability of officers and certain other persons
SECTION 134	Cognizance of offences
SECTION 135	Presumption of culpable mental state.
SECTION 136	Relevancy of statements under certain circumstances
SECTION 137	Offences by companies

Some frequently asked questions

Is it mandatory to take GST Registration in Khanna ?
Yes, it is mandatory to obtain GST Registration in Khanna if your turnover exceeds the specified amount.
How much time it takes for GST Approval in Khanna ?
It usually takes 3 working days for GST Approval, though in certain cases it might take 15 working days to get the approval
Is utility bill mandatory for GST Registration in Khanna ?
Yes, utility bill is mandatory for GST Registration. Utility bill includes, electricity bill, telephone bill and water bill
Is rent agreement mandatory for GST Registration in Khanna in the firm name ?
Yes, rent agreement is mandatory for GST registration in firm’s name/company name. In case, the registered place of business is in the name of the proprietor itself then rent agreement will not be required for GST registration, a simple consent letter/NOC will suffice. Further, in case of proprtietor ship firm, the rent agreement can also be in the name of the proprietor per-se.
Do I need to file GST Returns compulsorily even after if I have not started business after GST Registration in Khanna ?
Yes, you will compulsorily need to file GST return either monthly or quarterly even if there is no business activity going on. In case, there are zero business then too a nil return needs to be filed every month or every quarter. Failure in doing the same will result in per day penalties and cancellation of GST Registration
Can I apply for GST Registration in Khanna without the help of a CA in India ?
The answer to your question is yes, if you have the understanding of the process, documentation and jurisdictional aspects then you can register your gst in Khanna yourself as currently CA Certification is not required for GST Registration in Khanna.
How much is the cost for GST Registration in Khanna?
As far as Government fee is concerned, there are no charges taken by the Government for GST Registration. Whereas our fee may vary from Rs 2000 to Rs 5000 depending on the number of hours to be devoted.
Where is the office of GST in Khanna ?
The Office of the Commissioner of CGST SCO 73-74 2nd Floor Khanna City Center, Khanna, 141401

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