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GST Registration Procedure in India

by gratesbb

GST has now been around for a few years and things have become clearer with each passing day. Today, businesses that fall under the ambit of the GST should not have any hesitation in getting registered. GST registration procedure is easy and can be completed without any hassles in a short span of time. Effective April 1, 2019, businesses with an annual turnover of Rs 40 lakhs are required to register for GST. However, besides the general turnover limit, there are several other criteria that warrant Goods and Service Tax registration for your business.

When Should A Business Register For GST?

It is mandatory for you to register your business under GST if you fall under any of the following categories:

  • The annual turnover of the business is above Rs 40 lakhs.
  • If the business is listed in any of the special states and has an annual turnover above Rs 10 lakh.
  • If your business operates inter-state. This is applicable for businesses involved in services as well.  
  • E-commerce businesses are required to register under GST.
  • If you are required to pay tax under reverse charge or under section 9, subsection (5)
  • E-commerce aggregator of services.
  • Agents of supplier and input service distributor.

Anyone who is liable to pay tax under GST but does not make the payment or makes short payments can be charged a 10% penalty of the tax amount with the minimum penalty being Rs 10,000. This is applicable only in case of genuine errors. On the other hand, anyone who deliberately evades taxes can be penalised 100% of the tax amount.

Documents for GST Registration

Before you decide to apply for GST, you should ensure that all the applicable documents are readily available. This will ensure that the process is smooth and quick. The document required will also depend on the type of GST registration.

  • PAN card of the applicant
  • Aadhaar card of the applicant
  • Proof of business registration or incorporation certificate
  • Address proof of the owners
  • Address proof of place of business
  • Bank account statement
  • Digital Signature
  • Board Resolution for authorized signatory

GST Registration Procedure

Step 1 – You can begin the process of GST registration from gst. gov. in. You can click on ‘Registration Tab’ and then select ‘New Registration.’

Step 2 – Enter all the details as required. You need to register as ‘I am a Taxpayer.’

Step 3 – You will receive OTP on mobile and email. Enter the OTP. Click on resend OTP if you do not receive the OTP on the first try.

Step 4 – After successfully submitting the OTP, a 5-digit Temporary Reference Number (TRN) will be generated. You have to complete the part-B details within 15 days.

Step 5 – Now you have to again login to the GST portal by entering the TRN number. Enter the OTP received to log in.

Step 6 – Click on the edit icon against the saved application. You can check the date of the saved application as well.

Step 7 – Next step is to fill in all the details required in Part B which has 10 sections. All the documents that you have kept handy can now be used to fill in the required information. It is now not necessary to enter the bank account details while registration. Enter all the details and click on Save & Continue.

Step 8 – Now go to the verification page and select one of the three methods available for verification. Companies and LLPs are required to submit the application using DSC. Others can use either Aadhar verification or a registered mobile number.

Step 9 – On completion of verification, a Success message will be visible on the screen. You can check the status of your application using the ARN.

Step 10 – Once the GST number has been successfully allotted, you can download the GST certificate by logging to the GST Portal. The certificate is available for download under Services>User Services> View/Download Certificates.

What Are the Charges for GST Registration?

There are no charges for GST registration and you can do it for free by following the process mentioned above. You can also opt for GST registration offered by professionals who can complete the process for you at nominal charges. Provenience can help in completing the process with a dedicated account manager at very nominal charges. The process is completely online and you can get a GST certificate easily from the comfort of your home. If you are an MSME, you can also get the MSME registration done along with the GST registration.

Getting a GST registration will help you get GST input which otherwise would have not been possible. This will help you to avail services or purchase products from your suppliers with complete GST inputs. It will also help your business get recognition and ensure that you can portray your brand as an established and registered business. You can check the details and FAQs about GST registration with Provenience for more information.

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