GST Registration in Salem Online - Process, Documents, Benefits, Cost

GST registration in Salem refers to the process of getting registration. After registration, a unique Goods and Services Tax Identification Number (GSTIN) is issued to the business. Registration mandates the liability to collect and deposit GST to the government. 

It is necessary to get the GST registration in Salem for the businesses whose aggregate turnover exceeds the prescribed threshold limits: ₹40 lakh for goods (₹20 lakh for special category states) and ₹20 lakh for services (₹10 lakh for special category states). 

Businesses such as interstate suppliers, e-commerce operators, and those involved in the supply of specific goods or services, must register for GST irrespective of turnover. 

Legal Requirements of GST Registration in Salem

• Businesses must get registered themselves if their yearly turnover exceeds the prescribed threshold limits: ₹40 lakh for goods (₹20 lakh for special category states) and ₹20 lakh for services (₹10 lakh for special category states). 

• Non-Compliance of GST Registration attracts Penalties : In case of Non compliance, businesses can attract penalties of 10% of the tax due or ₹10,000, whichever is higher.

• Business gets Legal Authorization : GST registration provides businesses legal acknowledgement as suppliers of goods and services, which increase their market recognition and Business trustworthiness. 

Eligibility Requirement Under Goods and Services Tax (GST) Act

Special Category States: Arunachal Pradesh, Assam, Meghalaya, Manipur, Mizoram, Nagaland, Sikkim, Tripura, Himachal Pradesh, and Uttarakhand.

Documents required for GST Registration in Salem 

Following documents are required for GST Registration in Salem:

Step-by-Step Process for GST Registration Online in Salem

1. Provide your business information with us like Name of the Business and its Activity .  
2. Submit required scanned copies of documents. 
3. Our professionals will prepare and file your registration application. 
4. After that you will get the GST Identification Number (GSTIN) within the prescribed timeline. 

Checklist of Compliance after GST Registration in Salem 

1. Mention the GSTIN number on the invoice and display board of your business.
   
2. Prominently display the Registration Certificate to your customers at your place of business. 
3. File return based on type of business:
   1. GSTR-1: Mention the details of all outward supplies of goods and services made.
      
   2. GSTR-3B: In this return monthly self-declaration to be filed, for giving summarized details of all outward supplies, input tax credit claimed, tax liability determined and taxes paid.
      
      (Returns will be filled monthly (GSTR-1, GSTR-3B) or quarterly under the composite or QRMP scheme)
      
4. In every tax period, you must verify the sales and input tax credit details with GSTR-1 and GSTR-2B before filing GSTR-3B.
   
5. Keeping Detailed Records: Need to maintain detailed records of invoices, payments and returns for at least six years to comply with the compliance requirement and avoid query during audits.
   
6. Non-Compliance due to delay in filing the returns attracts a penalty of ₹100 per day (up to ₹5,000). Incorrect filling of information leads to fine or legal action.

Cost involved in GST Registration in Salem

The cost involved in GST Registration including Professional/ Expert guidance fees may vary, depending on the business type and service provider and other factors. 

Time Required for GST Registration in Salem 

• Standard Completion Time without queries : Generally it will take 5-7 working days
  
• With Queries: Due to queries, it will take 7-10 additional working days for the completion of the registration process.

List of Documents you will get after completion of GST Registration in Salem 

1. A 15-digit unique GSTIN (GST Identification Number) number for your business. 
2. Proof of GST Certificate after successful registration. 
3. Login Details to the GST portal for filing GST returns and completing compliances. 

Common mistakes to avoid during GST Registration in Salem

1. Incorrect PAN Details & Other Information: Double check that PAN details and other information are correctly filled 
2. Choosing Incorrect Business Type: Must select the correct business type like Proprietorship, LLP and Company . 
3. Not checking all documents before submission: Must Check all the documents properly scanned and attached. 
4. Not tracking Application Status: Timely checking of application status, by using ARN enables us to address any issues quickly. 
5. Ignoring OTP verification: Do OTP verification on time to avoid delays in the registration process. 

Challenges faced during GST Registration in Salem

Multiple challenges faced by many businesses during the registration process, such as: 

• Sometimes businesses fail to understand the eligibility criteria and turnover threshold limits of registration. 
• Documentation preparation and submission varies according to the business type, making the registration process difficult and complex. 
• Lack of knowledge of legal aspects of business registration and mistakes in providing information can lead to delays or rejection of registration.

One Stop Solution, LegalFidelity for GST Registration in Salem

LegalFidelity provides you the easiest GST registration process in Salem through their professional expertise of many years along with expert guidance to handle your needs with ease:

• Our professionals will provide Step by Step Guidance in the registration process. 
• Our Team will help you in better understanding to kickstart your own business stress-free.
• Dedicated Support and accuracy in documents preparation and filling activities decrease the possibility of rejection.
• Time Saving registration process and fast approval of GSTIN, with our efficient approach and simple registration process and complete compliance with no stress.

Get Expert Consultants & CA for GST Registration in Salem

Looking for a Expert Consultant or CA for GST registration in Salem?

LegalFidelity offers budget friendly and trustable GST registration services, specially designed for businesses, startups, and professionals in Salem.

Our qualified team of Chartered Accountants handles your complete GST registration process. Without any errors, timely approvals, and ongoing tax compliance.

Let us handle your documentation work while you focus on your business growth!

Why Choose a CA for GST Registration in Salem?

Registering under GST may look simple, but in reality even a minor mistake can lead to delay your business operations or result in extra costs.

Here is why smart and leading businesses in Salem prefer getting it done by a CA.

• Your application is prepared and filed by a qualified Chartered Accountant who understands GST law and your business requirement
• We ensure to double check all the documents and details before submission to prevent any mismatch and mistake that could delay your registration process
• CA authentication adds more trustworthiness and accuracy to your application. Faster the approval process.
• We also provide support after registration such GST return filing, amendments, compliance, and more. Whenever you need it.

LegalFidelity = Trusted CA Partner in Salem

Our Process – GST Registration by CA in Salem

Step 1: Free Consultation with a CA in Salem

Get expert advice in just one call about your business type, GST eligibility, whether regular or composition scheme is appropriate for you

Step 2: Document Collection & Verification

Get the services on your finger tips , Upload scanned documents via email or WhatsApp. Our well experienced team will carefully handle the application process without any mistake.

Step 3: Filing by CA on GST Portal

Your application is prepared and filed after digitally signed by a professional CA. This reduces chances of rejection and faster the approval process.

Step 4: Receive ARN & GSTIN

Once the application get submitted, you will receive the ARN. You will get real-time updates until your GSTIN is approved.