Godown-and-Warehouse-in-India

When GST Registration for Transporters, Godown and Warehouse is Required?

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Goods and Services Tax (GST) will introduce India into one of the largest markets for goods and services across the world. In accordance to GST, the requirement for compliance from all form of business entities would be extensive to minimize revenue leakage for the Government, while also trying to improve ease of doing business in India by technological advancement in the administration of GST through the GSTN Network. Transportation, Godown, and Warehouse are key logistical infrastructures for the development of the country and a very basic requirement for doing business. That’s why, for the accountability for all transport or transfer of goods within India, a special mechanism has been introduced for GST registration of Godown, Warehouse and Transporters not registered under GST.

Company Registration

The requirement to obtain GST registration is based on the aggregate turnover criteria or due to the inter-state supply of goods or because the business becomes liable to pay tax under the GST reverse charge mechanism. In accordance to the aggregate turnover criteria, except for States designated as special category states, any person doing more than Rs.20 lakhs of aggregate turnover in a financial year is required to obtain GST registration under GST. In special category states, the GST aggregate turnover criteria are at Rs.10 lakhs. Any business involved in the inter-state supply of goods/services would be required to obtain GST registration, irrespective of the aggregate turnover of a business. Further, any business who becomes liable to pay GST on account of reverse charge mechanism would also have to obtain GST registration mandatorily, irrespective of turnover.

GST Registration

According to the provisions of GST Act, all Godown or Warehouse owner or operator of warehouse or godown or any other place used for storage of goods and every transporter, are required to maintain records of the consigner, consignee and other relevant details of the goods stored or transported, irrespective of whether they have GST registration.

Thus, if any godown, warehouse or transport do fall under the purview for obtaining GST registration, they are still required to register themselves under GST by filing GST applicable form. On filing and verification of the GST registration application form for unregistered godown, warehouse or transporter, a unique enrollment number would be provided to the godown or warehouse or transporter.

Warehouse-Registration-In-India

Online Warehouse Registration in India

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According to the provisions and rules prescribed in Warehousing (Development & Regulation) Act, 2007 and the Warehousing (Development & Regulation) of Warehouse Registration Rules, 2017, any person commencing or carrying on the warehousing business and wants to issue Negotiable Warehouse Receipts (NWRs) has to get the warehouse registered with the Warehousing Development & Regulatory Authority (WDRA). Amendments to the Rules and Regulations and the relevant circulars on insurance and guidelines on empanelment of inspection agencies and inspection of warehouses are also available on the Authority’s website.

Company Registration

Our team at CA on Web is available at your service and will help you to obtain the Online Warehouse Registration in India by complying all the requirements of documents involved in the registration process. You just need to prepare the documents and our team of expert professionals will handle the cumbersome registration process for your Warehouse Business in India and helps you in getting warehouse license in India.

HOW TO APPLY?

The applicant may make an application to the Authority for registration of its warehouse in the prescribed Form available on the website of the Authority.

A person desirous of carrying on the business through multiple warehouses he may submit only one application for registration in respect of all the warehouses.

TERMS OF REGISTRATION –

After getting the Registration certificate, the warehouseman shall display the certificate and keep it pasted until suspended or revoked, in a conspicuous place in the principal place of its business.

The registration certificate shall be non-transferable in nature.

The warehouse registered under the Act can be inspected at any time by the Authority or its authorized representative without giving prior notice for the verification of the books, records, papers, and accounts etc. relating thereto.

GST Registration

IMPACT OF GST

According to the GST Act, all warehouseman or godown owners or any other place used for storage of goods and every transporter, irrespective of whether they have GST registration are required to maintain records related to consigner, consignee and other relevant details of the goods stored or transported.

Thus, if the GST registration is mandatory for any godown, warehouse or transport, they are required to register themselves under GST by filing Form GST ENR-01. On filing and verification of the GST registration application form for unregistered godown, warehouse or transporter, a unique enrollment number would be provided to the godown or warehouse or transporter.

All warehouse or godown owners and/or operators are required to maintain books of accounts with respect to the period for which particular goods remain in the warehouse, including all the matters relating to receipt, dispatch, movement, and disposal of such goods. Further, a warehouse or godown owner or operator is required to store the goods in a proper manner so that they can be identified item wise and owner wise and further it is also required to help in any physical verification by the proper officer on demand.