GST Registration of OPC in India: One Person Company

OPC is owned and controlled by one person. This is what sets us apart from other types of companies. With the introduction of GST on July 1, 2017, many OPC companies immediately migrated or registered for OPC GST registration. GST registration of OPC in India can be easily completed online, eliminating the need to physically submit documents.

Instead, the OPC will have to provide scanned copies of the required documents as part of the GST registration application. The GST number assigned to OPC is a unique 12-digit identifier derived from the company’s PAN number. This article takes a closer look at the applicability of GST registration for OPC.

Is GST Registration of OPC is mandatory?

In India, One Person Companies are required to register for GST if their annual turnover exceeds INR 20 lakh for services or INR 40 lakhs for goods. Our streamlined GST registration process simplifies the OPC process and ensures compliance with necessary regulations.

To start GST registration of OPC, simply visit the GST portal and enter the required details. Our experienced team will help you fill out the necessary forms and upload the required documents. Registration fees can be easily paid online. Once your application is approved, you will receive an OPC GSTIN (Goods and Services Tax Identification Number).

GSTIN allows OPC to file GST return correctly and comply with other GST regulations. Timely GST registration and compliance are critical to avoid penalties and legal issues. With 15 years of experience as an expert in business registration and GST registration, we can provide you with tailored support and ensure a smooth and hassle-free registration process.

What is the turnover threshold for OPC GST registration?

To determine whether GST registration is required, OPC companies supplying goods or services must consider the turnover threshold. If the total sales exceed Rs. 2 million rupees for services and 40 million rupees for GST registration of goods. Compliance with turnover norms is very important for OPCs seeking corporate registration and GST registration.

Out of state supplies and mandatory GST registration

Regardless of annual turnover, an OPC company engaged in the business of supplying goods or services outside state borders is required to attain his GST registration.

Existing VAT/Service, Tax/Excise Tax Registration

OPCs that are already VAT or Excise Registered will need to be GST registered. Initially, the GST department will provide a temporary ID and password for the migration process. Complying with this requirement will ensure a smooth transition to GST and continuity of business operations.

OPC Registration Service in Hyderabad

E-commerce seller and GST registration

OPC companies supplying goods or services through e-commerce platforms such as Flipkart, Paytm, and Amazon will be required to mandatorily apply for GST Registration. This step is important to comply with his GST regulations related to employment contracts in India. Proper GST registration is essential for e-commerce sellers to operate legally and effectively.

Casual Individual and GST Registration

A casual taxpayer is a person who carries out occasional supplies of goods and services without having a fixed place of business.
For example, temporary fireworks stalls and stalls can be set up during Diwali. In such cases, GST registration is required to comply with legal obligations and avoid potential violations.

For OPC, it is important to understand the requirements for both Company Registration and GST Registration.
OPC complies with sales standards, considers supplies from outside the state, migrates from his existing VAT/ service tax/ excise tax registration, complies as an e-commerce seller, and by registering as a casual taxpayer, can ensure smooth operations and his GST compliance.

What are the documents required for GST Registration of OPC?

To do GST Registration of OPC, various madatory documents must be submitted. These documents include:

  • PAN Card:
    • Provide a copy of your OPC Permanent Account Number (PAN) card.
  • Identity proof:
    • Aadhaar Card
    • Voter ID
    • Passport
    • Driving License
  • Proof of Address:
    • Aadhaar Card
    • Passport
    • Voter ID Card
    • Driving License
    • OPC or Utility Bill (Electricity, Water, Gas etc.)
  • Bank Account Proof:
    • Please attach a scanned copy to your email. The first page of your bank passbook or bank statement will contain your OPC’s name, address, and bank account details.
GST Registration documents for OPC
  • Photo:
    • Please attach a recent passport photo of the authorized OPC signer.

  • OPC Founding Documents:
    • These important documents include the Memorandum of Incorporation, Memorandum of Association (MOA), and OPC Articles of Association (AOA).
  • Digital Signature Certificate (DSC):
    • A Class 2 digital signature certificate is required for authorized signers.
  • Power of Attorney:
    • If the OPC holder is not an authorized signatory, a power of attorney or board resolution is required to authorize the signatory to represent her OPC.

Please note that additional documentation may be required depending on the specific requirements of the GST portal and any updates or changes to the registration process. To ensure smooth business registration and GST registration, please make sure you have all the required documents ready to submit. More about the documents required for OPC Registration??

What are the steps to get GST registration of OPC?

If you want to register your business in India and get GST registration of OPC, follow these simple steps.

  • On the GST portal, go to the Services tab and click on Registration.
  • Select the New Registration option to indicate that you are registering as a Taxpayer.
  • Enter the company details like name, PAN number, email ID, and mobile number, and click next.
  • Receive the OTP with the mobile number and email ID to verify identity. Please enter your OTP to continue.
  • Enter the provided verification code and click next.
  • Make a note of the Temporary Reference Number (TRN) that appears on the screen and is needed later in the process.
  • Click next and select his OPC as the type of business entity to register.
  • Please enter the required information.
    For example B. Company name, location, PAN number, and date of establishment.
  • Upload the required documents such as a bank statement or photo with signature authority to prove your PAN address.
  • Once you have entered all your information and uploaded your documents, submit your application and pay your registration fee online.
  • Once you submit your application, you will receive an Application Reference Number (ARN) via your registered email ID and mobile number. You can use this ARN to track the status of your application on the GST portal.
  • Once your application is approved, you will receive a Goods and Services Tax Identification Number (GSTIN) on your registered email ID and mobile number. This unique GSTIN allows you to file GST returns and comply with all other GST regulations.

By following these company registration and GST registration steps, you can ensure that your OPC complies with this GST system and effectively meets your tax obligations.

Conclusion

In conclusion, as per indian rules, GST Registration of OPC is mandatory if the annual turnover exceeds INR 20 lakh for services or INR 40 lakhs for goods. Compliance with turnover thresholds, irrespective of state boundaries, and adherence to specific requirements for e-commerce sellers and casual taxpayers are essential for seamless GST registration.

Gathering and submitting necessary documents, such as PAN card, identity and address proofs, OPC founding documents, and a digital signature certificate, is crucial to ensure a smooth registration process and legal compliance.

FAQs
1. Is GST registration mandatory for an OPC?

Yes, One Person Company are required to register for GST if their annual turnover exceeds Rs. 20 lakh for services or Rs. 40 lakh for goods.

2. Who is exempted from GST registration?

• A person solely engaged in the supply of goods and/or services that are exempt from tax or fully exempt under The Consolidated Goods and Services Tax Act, 2017, or The Central Goods and Services Tax Act, 2017.
• Farmer: However, this exemption only applies to the supply of products by cultivating land.
• Individual lawyers, including senior lawyers.
• Individual sponsorship service providers, including athletes.
 • A person who is engaged in inter-state supply of taxable services and whose total turnover in a financial year is less than INR 2 million or, in the case of special category states, less than INR 1 million (as per Notification No.65 dated October 2017 – integrated tax from October 13, 2017).
• A person who provides services and whose total turnover in a financial year is less than INR 2 million or in the case of special category states, less than INR 1 million (Central Tax Notification No. 65 dated November 15, 2017) /2017).
However, the above exemption does not apply to a person making a supply within the meaning of section 9(5) of the Act through an e-commerce operator. He is liable to collect tax at source (TCS) under section 52.
• A person who supplies taxable goods and/or services and the full amount of tax on such supplies must be paid by the recipient of the goods and/or services under the reverse charge procedure. No (as per Central Notification No. 5/2017). Tax dated June 19, 2017, effective June 22, 2017).

3. Is registration mandatory for a One Person Company?

Yes, Registration is mandatory for a One Person Company (OPC) in India.
 
Minimum requirements for OPC registration include a unique company name, no minimum capital requirement, and appointment of a candidate at incorporation. Proof of address from the government office is also required.

4. How many employees can an OPC have?

Under Section 2(62) of the Indian Companies Act, 2013, One Person Company means a company with only one member, he is defined as a company. Therefore, a One Person Company can only have one person as a member.

5. Who does not have access to OPC?

Previously, NRIs were not allowed to integrate OPC. Any natural person who is a citizen of India, whether currently residing in India, will be allowed to form her OPC.

6. What is the minimum capital for an OPC?

The minimum capital approved for the establishment of an OPC is INR 1,00,000. But there is no minimum paid-up capital requirement.

7. Can an OPC have two directors?

According to the Companies Act of 2013, OPC can have only one director on its board. The minimum number of directors an OPC can have is 1 and the maximum number is 15, which can be increased by special resolution.

8. Does an OPC have limited liability?

Yes, an OPC is a combination of a sole trader and a limited liability company. Shareholders have limited liability equal to the outstanding amount of their shares.

9. Can the OPC pay a salary to the Director?

Yes, OPC enters into binding agreements with shareholders or directors. This means you can lend money to your business while earning interest and being paid as a director, lender, or creditor.
 
By registering as an OPC, all remuneration paid to directors is deductible under the Income Tax Act.

10. Can an OPC own property?

Yes, an OPC can own property. The law recognizes that some real estate property cannot be physically divided and distributed to more than one of its owners, allowing multiple people to own one property of an OPC.

11. How much is the tax for a One Person Company?

The income of a One Person Company is taxed at a flat rate of 30%.

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