Uttarakhand GST Code and Compliance Guide

Introduction

The Uttarakhand GST Code plays a vital role in ensuring that businesses comply with tax laws, stay updated with the latest provisions, and avoid penalties. 

In this guide, we’ll walk you through everything you need to know about Uttarakhand’s GST system, including how to register, the filing process, compliance requirements, and how to verify GST numbers in the state. 

What Is the Uttarakhand GST Code?

The Uttarakhand GST Code is a unique identification number assigned to businesses registered under GST in Uttarakhand. This GSTIN (Goods and Services Tax Identification Number) is a 15-digit number required for businesses that are involved in the supply of goods or services within the state. The first two digits of the GSTIN represent the state code – GST registration Uttarakhand, it’s 05.

Why is this number important? Your GSTIN not only identifies your business for tax purposes but also allows you to:

• Collect GST from your customers
• Claim input tax credits on your business expenses
• File accurate tax returns

How to Register for GST in Uttarakhand?

Getting your business GST-registered in Uttarakhand involves several simple steps. Here’s a detailed, up-to-date process for registration:

1.Eligibility Check:

For Goods: Your annual turnover exceeds Rs. 40 lakhs (Rs. 10 lakhs for special category states like Uttarakhand), registration is mandatory.

For Services: The threshold for service providers is Rs. 20 lakhs (Rs. 10 lakhs for special category states).

2.Visit the GST Portal:

Head to the official GST filing portal. You’ll be required to create a login ID if you don’t have one.

3.Fill Out the GST Registration Application (GST REG-01):

Provide essential details, including:

• PAN number of the business
• Proof of business address in Uttarakhand
• Identity proof of business owners or partners

4.Upload Documents:

• PAN card
• Proof of business address (rent agreement, electricity bill, etc.)
• Bank account statement
• Identity and address proof of business owners or partners

5.ARN (Application Reference Number):

After applying, you’ll receive an ARN. This number helps track the status of your application.

6.GSTIN Issuance:

Once your application is verified, you’ll receive your GSTIN, which you can use for your business transactions.

Note: The GST registration process is now entirely online, making it faster and more convenient for business owners. GST State Codes differ based on the state your business is registered in.

GST Filing and Compliance Requirements in Uttarakhand

Here’s what you need to know about filing and staying compliant in Uttarakhand:

1.GST Returns:

GSTR-1 (Sales Return): Filed monthly or quarterly (depending on turnover) by businesses to report outward supplies (sales).

GSTR-2 (Purchase Return): This return has been temporarily suspended until further notice but was designed for inward supplies (purchases).

GSTR-3B (Monthly Summary Return): A summary of your sales, purchases, and taxes paid that must be filed monthly. This is the key return for businesses to pay their GST.

Also Read: Late Fees for GST Returns Filing

2.Due Dates:

GST returns for businesses with an annual turnover under Rs. 5 crore must be filed quarterly.
Businesses above Rs. 5 crore turnover must file returns monthly.

3.GST Payment:

Payments are due by the 20th of each month for businesses filing monthly returns, and by the 22nd for those filing quarterly returns.

4.GST Annual Return (GSTR-9):

All GST-registered businesses must file an annual return that consolidates all their monthly/quarterly returns for the year.

5.Reconciliation and Audit:

Businesses with turnover exceeding Rs. 2 crore must get their accounts audited by a chartered accountant and file a GST audit report (GSTR-9C) along with their GSTR-9.

6.Input Tax Credit (ITC):

Ensure that you maintain proper documentation to claim ITC on purchases. Only purchases made from GST-registered vendors are eligible for input tax credit.

7.Record Keeping:

Maintain records for at least 6 years, including invoices, receipts, tax payments, and returns filed, as per GST law.

All these pointers work toward in maintaining GST compliance in India.

Penalties for Non-Compliance in Uttarakhand

GST non-compliance can result in significant penalties and legal consequences. Here’s a breakdown of the penalties you may face if you fail to comply:

1.Late Filing Fees:

Rs. 50 per day (Rs. 20 for CGST and Rs. 30 for SGST) for late filing of returns.
Rs. 20 per day for late filing if the return is nil.

2.Interest on Late Payments:

An interest rate of 18% per annum is levied on unpaid GST amounts. This interest is calculated on the outstanding balance from the due date until the payment is made.

3.Penalty for Incorrect or False Returns:

A penalty of Rs. 10,000 or 10% of the tax due, whichever is higher, for misreporting.

5.Cancellation of GST Registration:

Continuous non-compliance can lead to the cancellation of your GST registration, making you ineligible to issue GST-compliant invoices and operate legally.

How to Verify GST Numbers in Uttarakhand?

Verifying a GST number in Uttarakhand is an important step in ensuring your business dealings are legitimate. Here’s how you can verify a GST number:

Visit the GST Portal:
Go to the official GST Portal.

Search Taxpayer:
Under the “Search” menu, select “Search Taxpayer” and choose “GSTIN/UIN Search.”

Enter GSTIN:
Input the GSTIN of the business you want to verify and click “Search.”

Verification Details:
The portal will show details about the business, including its GSTIN status, registered name, address, and the type of tax registration (regular or composition).

Verification helps you ensure that you’re dealing with a legitimate business and reduces the risk of fraud.

Conclusion

Uttarakhand GST Code doesn’t have to be overwhelming for your business. By staying informed about the registration process, compliance requirements, filing deadlines, and penalties for non-compliance, you can ensure that your business runs smoothly. Remember, timely registration, accurate returns, and proper record-keeping are your keys to success. Stay compliant and avoid the hassle of penalties—your business will thank you!

Frequently Asked Questions (FAQs)

1. What is the minimum turnover required for GST registration in Uttarakhand?
   For goods, the threshold is Rs. 40 lakhs (Rs. 10 lakhs for special category states), and for services, it’s Rs. 20 lakhs (Rs. 10 lakhs for special category states).
2. How do I file GST returns in Uttarakhand?
   GST returns can be filed online via the GST portal, with details about your sales, purchases, and tax payments.
3. What happens if I miss the GST return deadline?
   A late fee of Rs. 50 per day (Rs. 20 for CGST and Rs. 30 for SGST) is charged, along with interest on unpaid GST amounts.
4. How can I verify a GST number in Uttarakhand?
   You can verify GST numbers through the official GST portal by entering the GSTIN in the “Search Taxpayer” section.