GST, PF & PT Registration Guide (2025)

Navigating the regulatory landscape is crucial for businesses in India. Ensuring compliance with Goods and Services Tax (GST), Professional Tax (PT), and Provident Fund (PF) regulations not only legitimizes your operations but also unlocks various benefits. Here's an updated guide to help you understand the registration processes and recent amendments.

Goods and Services Tax (GST) Registration

GST is a comprehensive indirect tax levied on the manufacture, sale, and consumption of goods and services across India.

Who Needs to Register?

• Businesses with an annual turnover exceeding ₹20 lakh (₹10 lakh for special category states).
• E-commerce operators and aggregators.
• Inter-state suppliers of goods and services.

Key Amendments in 2025

• Simplified Documentation: As per Instruction No. 03/2025-GST issued on April 17, 2025, the Central Board of Indirect Taxes and Customs (CBIC) mandates strict adherence to the list of documents prescribed in FORM GST REG-01, reducing unnecessary paperwork.
• Aadhaar Authentication: Applicants not opting for Aadhaar authentication must undergo physical verification at designated GST Suvidha Kendras. This change, effective from February 11, 2025, aims to enhance the security and authenticity of GST registrations.
• GST Waiver Scheme: Businesses that have settled all tax dues up to March 31, 2025, may be eligible for a GST waiver under schemes SPL01 or SPL02, provided they apply within three months of the new fiscal year.

Documents Required

• PAN Card of the business or applicant.
• Proof of business registration or incorporation certificate.
• Identity and address proof of promoters/directors.
• Address proof of the business place.
• Bank account statement or cancelled cheque.

Professional Tax (PT) Registration

Professional Tax is a state-level tax levied on professions, trades, and employment.

Applicability

• Employers must deduct PT from employees' salaries and remit it to the state government.
• Self-employed professionals like doctors, lawyers, and chartered accountants are also liable.

Karnataka PT Amendments (Effective April 1, 2025)

• Revised Tax Rates: The Karnataka State Legislature has amended the professional tax rates, with ₹200 payable monthly and ₹300 in February, effective from April 1, 2025.

Documents Required

• PAN Card and Aadhaar Card of the applicant.
• Proof of business address.
• Salary details of employees.
• Employee attendance register.

Provident Fund (PF) Registration

The Employees' Provident Fund (EPF) is a retirement benefits scheme for salaried employees, managed by the Employees' Provident Fund Organization (EPFO).

Applicability

• Mandatory for establishments employing 20 or more employees.
• Voluntary registration is available for establishments with fewer employees.

EPFO Updates in 2025

• Simplified Member Profile Updates: EPFO has introduced simplified member profile updates, allowing for easier corrections and updates to member information.
• Easier PF Account Transfers: The process for transferring PF accounts has been streamlined, enabling faster and more efficient transfers for employees changing jobs.
• New Joint Declaration Procedure: A new joint declaration procedure has been implemented, simplifying the process for updating member details jointly by the employer and employee.

Documents Required

• PAN Card of the establishment.
• Certificate of incorporation or partnership deed.
• Address proof of the establishment.
• Details of employees, including Aadhaar and salary information.

Why Choose CACSFinacc for Your Registrations?

• Expert Guidance: Our experienced professionals ensure compliance with all legal requirements.
• End-to-End Support: From documentation to obtaining necessary licenses, we handle it all.
• Transparent Pricing: No hidden charges; clear breakdown of all costs involved.
• Timely Delivery: We prioritize prompt processing to get your business up and running swiftly.