Every Business in India Should know about GST registration charges, They change day by day. GST or Goods and Services Tax Registration is nothing but applying for a unique GST Number which is also known as GSTIN i.e., obtaining GST Identification Number for your business on the GST Portal. GST is a comprehensive indirect tax, the GST Act was passed in the Parliament on March 29, 2017, came into practice on July 1, 2017. This GST Tax has replaced many taxes from the manufacturer to provider to customer. India has followed a dual GST structure, in which both states and central government impose tax/Fees on goods and/or services.
The taxpayer or the business that obtains GSTIN implies it to collect and pay GST on their business dealings or supplies i.e., purchases, to make it clear i.e., sales and claim GST input tax credit on the inward goods and services. Basically, the types of GST Registration Cost depend on the types of business. Following are the three types of GST which have been implemented in the country:
SGST: The State Goods and Services Tax is levied by the state government.
CGST: The Central Goods and Services Tax is levied by the central government of India.
IGST: The Central Goods and Services Tax is levied by both state and central government together, under the central government.
UTGST: The Union Territory Goods and Services Tax is imposed on the Intra UT supply of goods and services
As per the new tax regime, the tax will be deducted in the name of GST at every point of sale. State GST and Central GST have levied in case the sales or business transactions are in between two different states, and in case of inter-state supply of goods, Integrated GST will be levied for every sale. Goods that are imported will fall under IGST as they will be considered as inter-state sales.
New GST Registration Govt Fees in India
The fee amount or New new GST registration fees in India required for the GST registration process is NIL, it means there is no need to pay any amount or there is no charge required for GST registration on the official Government portal. But note that if you are a Director of a Private Limited Company or LLP or OPC then you must apply for Digital Signature for the GST Registration, so in that situation, you have to bear the cost to obtain the DSC certificate. And it is always best to get help and guidance from the expert to make your GST registration process easy and simple and to avoid unwanted issues and errors.