GST Registration with sidekick.pk

GST Registration in 7 business days Enjoy hassle-free processing as Sidekick lays the groundwork for your business.

GST Registration in 7 business days Enjoy hassle-free processing as Sidekick lays the groundwork for your business.

Private Limited Company
  • Certificate of Incorporation
  • CNIC of Directors.
  • Articles of Association, AOA
  • Memorandum of Association, MOA
  • Resolution signed by board members
  • Identity and address proof of directors
  • Biometric Verification
  • Digital Signature
  • Director's Proof
LLP
  • Certificate of Incorporation
  • LLP Agreement
  • Partners’ names and address proof
  • Director's Proof
  • Biometric Verification
Individual/Proprietorship
  • CNIC / Passport Card
  • Address proof of proprietor
  • Passport size Photographs
  • Digital Signature.
  • Biometric Verification

How Does GST Registration Work For You? with Sidekick.pk

Any business offering sale of goods with annual turn over of 40 lacs or service with annual turn over of 20 lacs would require the registration for GST and have a valid GST Number.

We help you get a Secure GST Identification Number.

step # 01

We make it easy for you to get your GST from the comfort of your own home.

step # 02

We will file your returns and complete all other compliances as and when required.

step # 03

Overview

GST Registration Online - An Overview with Sidekick.pk

The person shall use their Iris Portal credentials to login into Iris Portal. Once logged in, the person shall select Form 14(1) (Form of Registration filed voluntarily through Simplified) (Sales Tax) from the Registration drop down menu.

On selection of Form 14(1) (Form of Registration filed voluntarily through Simplified) (Sales Tax), the person will be asked to furnish the following information:

    Tax Period
    Sales Tax information, in case of:
  • Individual, the type of registration, whether it is a Manufacturer or Non-Manufacturer
  • AOP or Company, CNIC of the Member/Director/Principal Officer along with the type of registration, whether it is a Manufacturer or Non-Manufacturer
    Bank Account details that include the Bank Account Certificate issued by the bank in the name of the business
    Business details including Business Name, Acquisition Date, Capacity and Business Activity along with particulars of all branches in case of multiple branches at various locations
GPS-tagged photographs of the business premises
Registration / consumer number with the gas and electricity supplier along with pictures of utilities meter
In case of Manufacturer, also the GPS-tagged photographs of machinery and industrial electricity or gas meter installed

On submitting the above information and documents, the system shall register the person for Sales Tax.

Detailed Sales Tax Registration procedure is provided in the link below:

Simplified Sales Tax Registration – Iris

BIOMETRIC VERIFICATION

After registration, the person registered through Iris Portal is required to visit e-Sahulat Centre of NADRA within 30 days for biometric verification. In case of failure to visit or failure of verification, the registered person’s name shall be taken off the Sales Tax Active Taxpayer List.

There are number of NADRA e-Sahulat Centers to facilitate the applicant for biometric verification.

POST VERIFICATION – MANUFACTURER

In case of manufacturer, the Board may require post verification through field offices, or a third party authorized by the Board. In case, the field office, during scrutiny after the registration, finds that any document provided is non-genuine / fake / wrong, it may request through the system, to provide the missing document, in fifteen days, failing which the registered person shall be taken off from the Sales Tax Active Taxpayer List.

SALES TAX REGISTRATION VIA IRIS MOBILE APPLICATION

Sales Tax Registration can also be done via Iris Mobile Application, Tax Asaan Mobile Application.

Detailed procedure for Sales Tax Registration via Iris Mobile Application is available on Tax Asaan Mobile Application

Components

What are the components of GST?

GST will have 3 tax components, which includes a central component (Central Goods and Services Tax or CGST) and a state component (State Goods and Services Tax or SGST) where centre and state will levy GST on all entities, i.e. when a transaction happens within a state. Inter-state transactions will attract the Integrated Goods and Services Tax (IGST), to be levied by the centre, i.e. when a transaction happens one state to another.

What is the input tax credit?

Input tax credit lets you reduce your tax you have already paid on inputs and pay the remaining amount at the time of paying tax.

You pay taxes on the purchase when a product is purchased from a registered seller, and when you sell the product, you too collect the tax. With input credit, you can adjust the taxes paid at the time of purchase with the amount of tax on sales (output tax) and pay the balance liability of tax, i.e. tax on sale minus tax on the purchase.

Who needs a GST Registration?

Every business or corporation that are involved in the buying and selling and good of services have to register for GST. It is mandatory for companies whose turnover is more than Rs.20 lakhs (for supply of services) and Rs. 40 lakhs ( for supply of goods) yearly to register for a GST.

All businesses making interstate outward supplies of goods have to register for a GST too. The same applies to businesses making taxable supplies on behalf of other taxable persons, example Agents and Brokers.

Also, as per the recent notification, e-commerce sellers/aggregators need not register if total sales are less than Rs.20 lakhs.

GST Rates

What are the GST tax rates? in Pakistan

The standard sales tax rate in Pakistan is 17%.

Exporters and certain providers of financial services may apply for a Sales Tax suspension. Imports of some basic foodstuffs and agricultural supplies are exempt from import Sales Tax.

Calculated at 20% of the sales tax withholding regime, there is an anti-fraud measure which may be applied for certain customers – generally public authorities paying their customers. The same is applicable for advertising services, including for non-resident suppliers. In these cases, the taxpayer must be a registered Withholding Agent.

17%

Goods: supplies of goods, including imports. There is an additional 1% levied where the customer is a non-Sales Tax registered consumer.

16%, 15% and 13%

Services: banking; construction; shipping; telecoms (17%); advertising; specialist advice and consulting; outsourced businesses services; event organization and related services; temp or contract employees; hotel and restaurants.

10%, 8%, 5%, 3%

Local imports and produce for export. Sugar. Certain plant and machinery.

18.5% to 25%

Various other specific supplies, including metals, chemicals and petroleum products

0%

Exports; office stationery 

Exempt

Pharmaceuticals; books and newspapers; agriculture produce; medical supplies

Documents Required

Mandatory documents for Online GST registration with FBR

For Individuals / All

Requirements: Completion Time: 2 - 3 Working Days

     Bank Account Certificate
     Acquisition Date, Capacity and Business Activity
     Particulars of all branches (if any)
     Authorization of principal Officer
     GPS-tagged photographs of the business premises
     Consumer number with the gas and electricity supplier along with pictures of utilities meter
     GPS-tagged photographs of machinery and industrial electricity or gas meter installed (Manufacturer only)
     Color copy of CNIC's of Partners
     Rent agreement/ownership docs of Office premises
     Latest paid electricity bill
     Biometric Verification
     Post Verification (Manufacturer only)

GST Registration for Companies

Requirements: Completion Time: 7 - 10 Working Days

     Incorporation Certificate
     Memorandum of Association
     Articles of Association
     Incorporation Form/ Form A & 29
     Color copy of CNIC
     Rent agreement/ownership docs of Office premises
     Letterhead
     Latest paid electricity bill
     Phone Number
     Email address
     Bank Account Certificate
     Acquisition Date, Capacity and Business Activity
     Particulars of all branches (if any)
     Authorization of principal Officer

     Signed Application Form

GST Return Filing?

Why Use Sidekick.pk ?

The application for GST Registration may be submitted by e-mail on Form STR-1. It can also send through post or courier services to Central Registration Office (CRO). The Application can also be sent in the form of hard copy to Local Registration Office (LRO). The LRO after proper inspection of documents and needed editing of the application and details forwards the application to CRO by e-mail. All the columns of the Forms have to be filled properly as per directions given with the Form. Once the verification has been done, the Central Registration Office will release a GST Registration Certificate having GST registration number. CRO will also send an e-mail with same information to the Registered Person.

A GST Return Filing is a return document that contains details of the income of the taxpayer. It has to be filed with the GST administrative authority. The document is used tax authorities to calculate the tax liability of a GST taxpayer. A GST Return Filing form has to include the following details.

    Output GST (On sales)
    Sales
    Input tax credit (GST paid on purchases)
    Purchases

For filing a GST Return, you need to have GST compliant sales and purchase invoices attached.

FAQs

Wizard-based interface is also available in IRIS application. 

At the moment, Tax Asaan only allows filing for return for 2019 onwards. Return for Tax Year 2020 will be made available soon.

Tax Asaan offers wizard-based interface for filing details which is more easy and suitable for salaried taxpayers having less complex details. 

A person shall be a non-resident person for a tax year if the person is not a resident person for that year.

For the tax year 2019 and before, a person who derives more than 50% of his income from salary is salaried person. 

At the moment, you can only file return for TY 2019 through Tax Asaan. Return form for TY 2020 will soon be updated  

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