GST registration is based on PAN and is state specific. Suppliers must register in each state or union territory from which they supply. GSTIN stands for GST Registration Number. When registering for GST, the supplier is assigned a 15-digit GST identification number known as a “GSTIN,” and a certificate of registration incorporating this GSTIN is made available to the applicant on the GSTN common portal. The GSTIN’s first two digits are the state code, the next ten digits are the legal entity’s PAN registration, the next two digits are the entity code, and the last digit is the check sum number. GST registration is not tax-specific, which means that there is a single registration for all taxes, including CGST, SGST/UTGST, IGST, and cesses. Keep reading the blog to learn more.
What Constitutes A State For The Purposes Of GST Registration?
For the purposes of GST registration, an area up to 12 nautical miles in the sea is considered part of the nearest coastal State, where the nearest point of appropriate base line is located. For the purposes of the GST law, any area beyond 12 nautical miles and up to 200 nautical miles that is not covered by any Union Territory is considered a separate Union territory.
When Should You Apply For GST Registration?
Businesses with an Annual Aggregate Turnover (AATO) of more than the prescribed limit. This limit is in the relevant State are required to register for GST. The state’s prescribed limit is as follows:
Do You Need Multiple GST Registrations If You Run Your Business In A Single State?
If a person operates similar businesses in a single state, he does not need to obtain multiple GST Registrations. In that case, his single GSTIN will suffice for other businesses in the same State.
Suresh, for example, has multiple restaurants in the Haryana cities of Yamunanagar, Gurgaon, and Faridabad.
Because his nature of business is the same and his place of business is in the same state, he will only need one GST Registration number.
If a person has multiple and different business verticals within the same stat. Moreover, he must obtain a different GSTIN for each business, even if they are within the same state. Business verticals are distinct components of an enterprise that involve in the supply of individual goods or services. In addition, a group of related goods or services that are subject to risks and returns. All are differ from those of other business escort antalya verticals.
In the state of Rajasthan, Ramesh owns a textile business in Yamunanagar, a restaurant in Gurgaon, and an accounting firm in Faridabad. In this case, he will need to obtain three separate GST Registrations for each business. Moreover, this is because they fall into different business verticals.
Is it necessary to obtain multiple GST registrations if you provide services in multiple states?
If a person is a service provider who provides services in multiple states without having a physical presence in each. He is don’t need to obtain multiple GST Registrations. He need to obtain GST Registration in the state where he has a physical presence or headquarters.
For example, Rohan owns a software company in Rajasthan. In addition, offers his software services across India via an online platform. He is only need to obtain one GSTIN, which is in the state of Rajasthan (where he is physically present).
Final Thoughts
However, if the person has a presence in other states as a service provider or a supplier of goods. Moreover, he must obtain GST Registration in each state where he operates. As a result, he will need to obtain individual GST Registration in each state where he does business. Sohan, for example, has restaurants in Jaipur (Rajasthan), Lucknow (Uttar Pradesh), and Mumbai (Maharashtra). Because he operates his business in three different states. he must obtain separate GST Registrations for each also know about income tax filing online.
