GST Registration in Bangalore

GST Registration in Bangalore

Are you thinking about starting your business in Bangalore? That’s exciting! But before you start, there is one important thing you need – GST Registration.

If your business earns more than ₹40 lakhs a year (for goods) or ₹20 lakhs for services, or if you sell your products or services through online platforms like Amazon, Flipkart, or Zomato, getting a GST number isn’t optional; it is necessary!

The good news? You don’t have to stand in long queues anymore. The entire GST registration process in Bangalore is conducted online, is fast, and is hassle-free. You can complete it from the comfort of your home or office with just a few basic documents like your PAN card, Aadhaar card, bank details, and business address proof.

What is GST?

GST stands for Goods and Services Tax. It is a single tax that applies to almost every product and service in India. Instead of paying multiple taxes like VAT, service tax, excise duty, and others, businesses have to pay only one tax - GST.

Laws applicable once the business is registered under the GST in Bangalore:

• Central Goods and Services Tax Act, 2017
• Goods and Services Tax Rules, 2017
• The Karnataka Goods and Services Tax Act, 2017
• Integrated Goods and Services Tax Act, 2017

Eligibility for GST Registration in Bangalore

GST registration in Bangalore is mandatory if:

1. The annual turnover of the business crosses:

• ₹40 lakhs for suppliers of goods and
• ₹20 lakhs for the supplier of services.

2. Compulsory registration:

Regardless of the annual turnover, businesses falling under the following categories are required to mandatorily register under GST.

• Inter-state supplies.
• E-commerce sellers on Amazon, Flipkart, Swiggy, Zomato, etc.
• Casual taxable persons (temporary stalls/exhibitions).
• Non-resident suppliers operating in India.
• Input Service Distributors.
• Agents, brokers, and commission agents.
• Businesses under the Reverse Charge Mechanism (RCM).
• Businesses engaged in Import-Export.

Voluntary GST Registration in Bangalore

• If the annual turnover of your business does not cross the mandatory turnover limit, you can also register under GST voluntarily.
• GST registration is suitable for small businesses, startups, and professionals because
• It helps you to claim Input Tax Credit (ITC),
• Sell your business online
• After registration, you become eligible to take part in government tenders and projects.

Benefits of the GST Registration in Bangalore

Documents Required for GST Registration in Bangalore

1. For Individuals/Proprietors:

• PAN card
• Aadhaar card
• Bank account details
• Bank statements
• Cancelled cheque
• Address proof of business premises – lease agreement/rent agreement/utility bill/property papers. If the property is on rent, then a No Objection Certificate from the owner is required.
• Recent passport-size photograph

2. For Partnership Firms/LLPs:

• Partnership Deed
• LLP Agreement
• PAN and Aadhaar Card of partners and the Designated Partners
• PAN card of the Firm
• Proof of principal place of business in Bangalore

3. For Companies:

• Certificate of Incorporation (CIN)
• Memorandum of Association (MoA)
• Articles of Association (AoA)
• PAN of the company and directors
• Board Resolution authorising GST registration
• Proof of registered office in Bangalore

Process of GST Registration in Bangalore

1. Visit the official website of GST and click on “New Registration".

2. Add the preliminary details: Select the taxpayer types, add the name of the business as per the PAN Card, add the mobile number and the email ID and receive a Temporary Reference Number (TRN).

3. Use the TRN and log in again and fill in the following details:

• Business details
• Details of the promoters/partners
• Details of the authorised signatory
• Principal place of business
• Additional places of business (if any)
• Details of goods and services
• State-specific registration number

4. Complete the Aadhar authentication

5. Submit the application by affixing DSC and receive an Application Reference Number (ARN) for tracking the application.

6. The GST officer will check the application and documents.

7. The GST officer may ask for additional details.

8. If everything is in order, you will receive your GST Registration Certificate.

GST Compliance for Businesses in Bangalore

Once registered, businesses must comply with the following:

• GST Return Filing: Filing the annual GST return for the sales, purchases, tax paid and/collected.
• Timely Payment of GST: Pay GST dues on time on the basis of returns filed to avoid any penalties for delay in payments.
• Maintain Records: Maintain books of accounts, invoices, purchase and sales registers after GST registration.

Penalties when you don’t comply with the GST laws

• If you don’t register your business for GST when it is required, you will have to pay a penalty of 10% of the tax amount due, with a minimum fine of ₹10,000.
• If you file your GST return late, you will be charged ₹50 per day, and ₹20 per day if it is a NIL return.
• If you pay tax late, interest is charged at 18% per annum on the outstanding tax amount - calculated from the due date until payment.

Why Choose Kanakkupillai for GST Registration in Bangalore?

Registering for GST in Bangalore can be confusing due to the numerous rules, documents, and online steps involved. A single mistake can delay your approval or even lead to penalties later. This is where Kanakkupillai makes things easy for you. We provide:

• All-time support: We guide you according to the GST rules applicable in Bangalore, providing clear instructions and support for every step.
• Step-by-Step help: From collecting documents to filing the online application, we handle everything, every step carefully.
• Fast and hassle-free process: Our team ensures your GST registration is completed quickly and without unnecessary delays.
• Affordable pricing: We provide services at pocket-friendly rates with no hidden charges.
• Post-registration support: Getting GSTIN is just the beginning. We also assist you in filing GST returns, claiming input tax credit, handling audits, and maintaining compliance.