Vijendra & Co.:

Making GST Registration in India Easier for International Businesses

Expanding business operations to India presents numerous opportunities for foreign companies. However, it also requires compliance with India's taxation laws, one of the most crucial being GST registration for foreign company in India. Understanding the nuances of GST registration, return filing, and compliance is essential to conducting seamless business in India.

At Vijendra & Co, we specialize in assisting foreign entities with their GST registration for foreign company in India. Our proficiency in taxation and compliance guarantees that companies may function without needless hiccups or hassles. Our efficient method reduces administrative work while ensuring that your company complies with all legal obligations.

Comprehending GST Foreign Company Registration in India

In India, the delivery of goods and services is subject to an indirect tax known as the Goods and Services Tax (GST). Any foreign company engaging in business activities that involve taxable supplies within India must obtain GST registration for foreign company in India.

Foreign entities supplying goods, offering services, or engaging in e-commerce transactions targeted at Indian customers are obligated to register for GST, regardless of whether they have a physical presence in India. The process of GST registration for foreign company in India ensures that the business can legally collect and remit GST while claiming input tax credits wherever applicable.

Types of Returns Foreign Companies in India Must File for GST Registration

Once a foreign company has obtained GST registration for foreign company in India, it must comply with periodic return filing requirements. The most common GST returns applicable to foreign entities include:

1. GSTR-5 (Mandatory for Non-Resident Taxable Persons)

   GSTR-5 must be filed by foreign businesses doing business in India as non-resident taxable persons. This return provides a summary of:

   • Details of outward supplies (sales)
   • Details of inward supplies (purchases)
   • Tax liability and payments made
   • Input tax credit (if applicable)

   GSTR-5 must be filed monthly before the 20th of the following month.

2. GSTR-3B (Monthly Summary Return)

   Foreign entities must also file GSTR-3B, a simplified return that includes:

   • Total taxable supplies
   • Input tax credit claimed
   • GST liability and tax payment details

   Filing GSTR-3B on time ensures compliance and avoids penalties.

3. GSTR-9 (Annual GST Return) (If Applicable)

   Foreign companies with a long-term presence in India may need to file an annual GST return, summarizing their transactions for the financial year.

   Interest charges, late fees, and legal issues may arise if these returns are not filed on time. Vijendra & Co. makes sure your company stays in compliance with all dates and requirements for GST returns.

Benefits of Foreign Companies Registering for GST in India

Obtaining GST registration for foreign company in India offers several advantages. Here’s why it is crucial:

1. Legal Authorization to Operate

   Foreign businesses cannot legally conduct taxable transactions in India without GST registration. Registering ensures full compliance with Indian tax laws.

2. Seamless Tax Compliance

   Businesses that register for GST can operate without worrying about fines or legal repercussions for non-compliance.

3. Advantages of the Input Tax Credit (ITC)

   Businesses with GST registration for foreign company in India can claim ITC on tax paid for goods and services, reducing overall tax liability.

4. Market Accessibility

   Having GST registration allows foreign companies to engage in B2B and B2C transactions, boosting their market reach.

5. Transparency and Credibility

   A GST-registered business gains credibility among Indian partners, suppliers, and customers, fostering trust and long-term collaborations.

Documents Required to Register an International Business in India for GST

A foreign business must submit a number of documents in order to register for GST in India. These include:

1. Certificate of Incorporation: Evidence of domestic company registration.
2. Proof of Business Address – Lease agreement, utility bill, or property documents for the registered address in India.
3. Authorized Signatory’s Identity Proof – PAN, passport, or Aadhaar of the person authorized to act on behalf of the company.
4. Indian Bank Account Details – A copy of a canceled cheque or bank statement from an Indian bank.
5. Tax Identification Number (if applicable) – Details of tax registration in the home country.
6. Declaration of Business Activities – A formal statement explaining the nature of business activities in India.

Vijendra & Co simplifies the documentation process by guiding businesses at every step, ensuring a smooth GST registration for foreign company in India.

SGST Registration for Foreign Company in India Process

In India, international companies must register for SGST using a methodical procedure that consists of:

1. Determining GST Applicability: Evaluating whether the foreign company needs GST registration based on its transactions.
2. Temporary GST Identification Number (GSTIN): Non-resident taxable persons receive a temporary GSTIN valid for a specified period.
3. Online Application Submission: Using the GST portal to submit Form GST REG-09 and the necessary paperwork.
4. Verification and Approval: The GST officer examines the application and requests additional information if necessary.
5. GSTIN Issuance: Once approved, the foreign company receives its GST registration certificate, enabling legal operations in India.

With Vijendra & Co, the SGST registration for foreign company in India is handled efficiently, ensuring businesses meet all compliance requirements.

How Vijendra & Co Ensures Hassle-Free Filing

Vijendra & Co specializes in assisting foreign businesses with their GST registration for foreign company in India, ensuring a hassle-free process. Our comprehensive support includes:

• Expert Guidance: Our team explains every aspect of GST compliance, ensuring businesses understand their obligations.
• Accurate Document Preparation: We assist in collecting, verifying, and submitting required documents.
• Accurate and timely filing of GST returns is ensured by our expertise to prevent fines.
• Ongoing Compliance Support: We make sure businesses stay compliant by keeping them informed about tax laws.

By choosing Vijendra & Co, foreign businesses can focus on growth while we handle their GST registration for foreign company in India and tax compliance needs seamlessly. With our expertise, businesses can navigate India's GST system efficiently, ensuring compliance without complications.