Business PlanGSTLegal Advice

How Much Is the Cost for GST Registration

The Goods and Services Tax (GST) is an indirect tax imposed at the time of sale or at the point of destination. Since its inception in 2017, it has been able to reduce 'tax on tax' or the cascading impact of indirect tax.

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A 15-digit ‘Goods and Service Tax Identification Number’ is assigned to enterprises that register under the GST Act (GSTIN). Essentially, the regime has consolidated multiple various taxes into a single system, making indirect taxation more efficient and effective. In addition, the GST registration certificate is accepted as legitimate proof that a company is a legal entity.

Threshold Limit for GST Registration

The GST Act initially required businesses with an annual turnover of more than ₹20 lakhs to register as taxable entities. However, states were given the option of adopting a new threshold limit for those selling goods, which was raised to ₹40 lakhs, or continuing with the previous ones, according to the resolution of the ’32nd GST Council Meeting.’ On April 1st, 2019, the new threshold limit went into effect.

Cost Involved in GST Registration

GST registration in India is free, which means you won’t have to pay any fees to register as a GST taxpayer on the government’s official website. 

Despite the fact that there is no official government cost for GST registration, it is reasonable to expect certain expenses to be incurred during the process. The professional charge that must be paid in order to ensure that the GST registration procedure is hassle-free is the most visible price incurred during GST registration. 

While using the services of a professional is not essential while registering for GST, it is strongly advised. This is because legal difficulties and roadblocks are rather typical during the registration process. Experts in the field, such as those at Vakilsearch, are more than qualified to deal with these issues.

Moreover, if you’re a sole proprietor or director of a private limited business, a partner in an LLP, or the owner of an OPC, you’ll need a valid digital signature to register for GST registration. Hence, if you don’t already have a DSC, be prepared to pay for one. There are other costs that may need to be incurred during GST registration depending on the type of registration you opt for. Get in touch with our experts to get a free estimate of those costs. 

How Can Vakilsearch Assist You?

For GST registration, be sure to submit self-attested documents only since the legitimacy of these GST registration documents will be checked by the appropriate authority. As a result, you should be cautious while filing GST-related documents if you want to prevent costly and lengthy delays.

In fact, this is why we recommend that you seek the assistance of Vakilsearch’s professionals during the GST registration procedure. This is because costly mistakes can occur while navigating the complexities involved in becoming registered, all of which can be easily handled with professional assistance from our team here at Vakilsearch.

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