GST Registration in Rajasthan :- What You Need to Know?

GST registration in Rajasthan is one of the basic requirements under GST Taxation. It was introduced to lessen compliance and to increase income of the government. By getting GST Registration businesses get many benefits such as reduction in the cost of the goods and services, improvement in logistics, increase in credibility and many others. Page mentioned below tells everything about the GST registration.

With Professional Utilities you can get GST Registration in Rajasthan quickly and hassle free.

There are many types of the person or entities that need to take registration in GST are mentioned below:-

• Casual Taxable Person - Businesses engaged in the seasonal or occasional businesses need to register under this category. The registration is valid for 3 months which can be extended and renewed.
• Normal Taxpayer - Businesses having turnover of more than 40 lakhs and 20 lakhs of turnover in supply of the services required to get registration under GST act, they come under the category of the normal taxable person as most of the businesses come in this category.
• Non-Resident Taxable Individual - Individuals who occasionally supply goods and services as principal , agent or in other capacities reside outside India. This registration is valid for three months which can be renewed if required.
• Composition Registration - Businesses having turnover more than 1.5 crores are eligible to get registered under this scheme. Businesses need to pay GST at fixed amounts regardless of the turnover.

Getting GST Registration involves below mention step -

• Step 1 - In this step information needs to be filled in GST REG 01 PART A like Email id and Mobile Number. That is verified by the opt received on the mobile. After that TRN No. is generated.
• Step 2 - In GST REG 01 PART-2 detail related to authorised signatory, business detail,partner/promoter details and additional place of business are filled then ARN No. is received via SMS or Email.
• Step 3 - Required documents need to be filled in prescribed format.
• Step 4 - This Stage is of verification and acceptance like form and documents submitted are verified by the officer. If an officer feels that there is some discrepancy then he can reject the application. Applicants have 3-7 days to sort the query raised by the officer.
• Step 5 -Under this Step after the acceptance by the officer. GST Certificate is issued in GST REG 06.

These are the following feature of the GST registration in Rajasthan as mentioned below:-

• Taxpayer Facilitation Centers - Many Taxpayer Facilitation centres are operated by the Rajasthan State GST Department. These centres give services like resolving queries, filing returns and facilitating compliance or any other GST related activity assistance.
• Unique Identity Number - After the registration firm receives GSTIN. This GSTIN is used in all transactions related to GST. In certain cases like diplomatic missions, embassies or any other specialized agencies, a unique identity number is issued.
• Threshold limit - Under GST Registration, any company having turnover of more than 40 lakhs engaged in supply of the goods and 20 lakhs in supply of services need to get registration which is comparatively high.
• Registration Certificate - Registration certificate needs to be displayed at the place of business. At principal place as well as additional place of business.
• PAN based registration - GST Registration is taken on the basis of the PAN.

Getting GST Registration in Rajasthan is very important. Big business opportunities can be lost if businesses do not have a GST Number.

• Unorganized Sector are regulated - GST Registration in Rajasthan has regulated the unregulated and unorganised industries like textile , building construction. By introducing provisions like input tax credit, online payment and compliance has increased regulation and accountability of these industries.
• Small Business can avail Composition scheme - Small Business can use the option of the composition scheme. This reduces the compliance and tax burden on small businesses.
• Taxation services are simplified - GST has combined many of the indirect taxes under one tax regime. This has simplified the taxation systems.
• Cost of Product and services is reduced - Introduction of the GST reduces the cost of goods and services. This GST reduces the cascading effect i.e. tax on tax.
• Lengthy Taxation services are avoided - With registration under GST in Rajasthan reduce the lengthy taxation services. Businesses with turnover less than 40 lakhs in supply of goods and 20 lakhs in supply of the services are exempted under GST Regime.
• Tax Evasion is reduced - Tax Evasion is reduced in the GST Act.
• Registration Threshold is higher -Under GST regime threshold limit for registration has increased from 5 lakhs to 20 lakhs which has exempted lots of small traders.
• Taxation Processes are uniformed -There is uniform procedure of taxation all over the country. There is centralised registration and one rule for filling of the returns.
• Lesser Compliances -Many taxes are bought under one tax regime. As one GST Returns is required to file as compared to VAT Return, service returns were required to be filled.
• Corruption is reduced -Under GST sales without receipts are reduced which helps in reduction of the double entry.

GST Registration in Rajasthan is part of the indirect taxation which was introduced with the benefit of having unified tax throughout the country. There are many other benefits for GST Registration in Rajasthan like increase in credibility, reduction in price of the goods, less taxation compliances.

GST certificate in Rajasthan can be obtained easily just by filling out a form with required documents. After verification business gets the registration.