Gst Registration Online
Goods & Services Tax (GST) Registration
Commenced on July 1, 2017, the Goods & Services Tax (GST) applies to every Indian service provider comprising freelancers, manufacturers, and traders. Numerous Central taxes such as Excise Duty, Service Tax, CST, and state taxes such as Luxury Tax, Entertainment Tax, Octroi, and VAT are in one GST. GST is there at each supply chain step, with full-fledged advantages accessible. The process for gst registration is entirely online and needs no manual interference.
Each product has several stages in the supply chain: buying raw materials, manufacturing, selling to the wholesaler, trading to the retailer, and then the ultimate sale to the consumer. Thus, GST will be applied in each of these three stages. Suppose a product is generated in West Bengal but consumed in Uttar Pradesh; the total revenue will go to Uttar Pradesh.
Additionally, taxpayers with a revenue of less than 1.5 crore INR can select a composition scheme to chuck out dull GST formalities and pay GST.
Why should you apply gst registration?
Features
Fewer restrictions on interstate business
The companies with GST registration can supplies their goods and services interstate without any difficulties and hindrances.
More compliant
Every activity becomes more easy with GST registration as all the invoices, taxes and even the return can be done online at GSTN.
Good rating by GST Dept
A special rating system runs in this registration here the GST department give high rates to the companies providing returns on time and complies all provisions. This rating ultimately increases the credibility in the eyes of suppliers & customers.
Better credibility
The one registered with GST gets ease grant to loans facility by banks as banks also demands for GST number before giving loans to the companies.
Growth & Stability
Since you get loans easily by the banks also helps in increasing the growth and stability of the business.
Take input tax credit
A GST registered can also claim for ITC on purchases made from registered person. This practice often leads to lower rates of purchasing ultimately increasing the profit spectrum.
Simple Tax rates
With a total of 7 rates lying under GST out of which only 4 rates are used. GST has subsumed the dozens of other taxes rates which were otherwise implied.
Provide ITC to the company
While the registered customers can claim for ITC on the supplies. A GST supplier is also capable of passing on GST tax credit to their customers.
Single registration
GST has shut the doors to many other taxes like excise duty, VAT, CST, Service tax, etc and now one has to undergo only one registration of GST and everything is done
GST registration Online procedure
The MoF has facilitated the process of gst registration in india. The applicant can proceed with the GST registration process via the GST Portal. After the application submission, the portal creates GST ARN right away. Utilizing the GST ARN, the applicant can ensure the application status and post queries if essential. Within seven days of ARN generation, the taxpayer shall obtain a gst registration online certificate and GSTIN.
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Visit the GST Portal
Go to the GST Portal ->https://www.gst.gov.in/ > Services -> Registration > New Registration option.
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Make a TRN by concluding OTP Validation.
The novel GST registration page is there. Choose the New Registration alternative. If the GST registration application is incomplete, the applicant will persist in filling out the application utilizing the TRN number.
- Choose the Taxpayer type from the options given.
- Select the State according to the need.
- Type the legal name of the entity/business as stated in the PAN database. Since the portal substantiates the PAN automatically, the applicant must give specifications as given on the card.
- In the Permanent Account Number (PAN) field, type the PAN of the business or the PAN of the Proprietor. GST registration is associated with PAN. Thus, in the case of a company or LLP, type the LLP or PAN of the company.
- Give the email address of the Primary Authorized Signatory. (Will be confirmed in the following step)
- Tap the Proceed button.
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TRN Generation and OTP Verification
When you submit the above info, the OTP Verification page is exhibited. OTP will be applicable just for 10 minutes. So, enter the two different OTP sent to authenticate the email and mobile number.
- In the Mobile OTP field, type the OTP.
- In the Email OTP field, type the OTP.
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TRN Generated
On concluding OTP verification, a TRN will be created. TRN will be used to complete and deliver the GST registration application.
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Log in with TRN
The applicant will commence the GST registration online when you obtain TRN. On the GST Portal, in the Temporary Reference Number (TRN) field, type the TRN generated and enter the captcha text. Finish the OTP verification on email and mobile.
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Deliver Business Information
Numerous info must be given to acquiring gst registration. In the first tab, business specifications should be provided.
- In the Trade Name field, type the trade name of the business for gst apply online.
- Critical in the Constitution of the Business from the drop-down list.
- Insert the District and Circle/Sector/ Ward / Charge/ Unit from the drop-down list.
- Choose the correct option in the Division Code, Commissionerate Code, and Range Code drop-down list.
- Select the Composition Scheme if needed.
- Enter the Date of incorporation of business.
- Choose the Date on which liability is established. This is the date when the aggregate turnover of the business goes beyond the threshold limit needed for gst registration in india. Taxpayers must apply for novel gst registration online within 30 days from the Date when the aggregate turnover goes beyond the threshold limit.
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Propose Promoter Information
Then, give promoters and directors' info. For proprietorship, the proprietors' information should be provided.
Specifications of 10 partners or promoters can be delivered in a gst apply online.
Then, give the following specifications for the promoters when you do gst apply online:
- Personal details of the stakeholder such as Date of birth, name, mobile number, address, email address, and gender.
- Designation of the promoter.
- DIN of the Promoter, only for the kinds of applicants:
- Private Limited Company
- Public Limited Company
- Unlimited Company
- Public Sector Undertaking
- Foreign Company registered in India
- Features of citizenship
- Residential address
- PAN and Aadhaar
If the applicant gives Aadhaar, the applicant can utilize an Aadhaar e-sign for filing GST returns in place of a digital signature.
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Deliver Authorised Signatory Info
An authorized signatory is a person designated by the promoters of the company. The designated person will be liable for filing GST returns of the company. Also, the person will maintain the conformity of the company. The authorized signatory will have complete access to the GST Portal. The person will undertake transactions on behalf of the promoters.
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Main Place of Business
In this sector, the applicant will give the specifications regarding principal place of business. This Place of Business is the primary location within the State where the taxpayer conducts the business activities. It is generally the place where the books of records and accounts are kept. Henceforth, the registered office is the principal place of business for the company or LLP.
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Supplementary Place of Business
For a supplementary place of business, insert property details in this tab. Suppose the applicant is a trader on Flipkart or another e-commerce portal and utilizes the seller's warehouse; that location can be a supplementary business place.
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Specifications of Goods and Services
The taxpayer should give details of the best five goods and services supplied by the applicant. For supplied goods, provide the HSN code and for assistance, give SAC code.
The service providers with an income of fewer than 20 lakhs and goods providers with less than 40 lakhs are let off from the GST
The list of documents required for gst registration are as under:
- PAN Card of Proprietor
- Aadhar Card of Proprietor.
- Passport-size Photo of Proprietor.
- Working Mobile Number & e-mail id.
- Electricity Bill + Rent Agreement/ Property Deed of principle place of business.
- No Objection Certificate from shop owner in case of rented property. (We will prepare NOC document, you just need to get it signed by the owner).
- PAN card of partnership firm and all the partners;
- Passport size photograph of all the partners;
- Identity proof of all designated partners ( such as Aadhaar card, etc);
- Working Mobile Number & E-mail id;
- Copy of address proof for registered office;
- Copy of partnership deed;
- PAN card of LLP.
- PAN card of all designated partners;
- Copy of registration certificate/ COI of LLP;
- Working Mobile Number & E-mail id;
- Copy of identity proof of designated partners (aadhaar card copy) ;
- Copy of address proof of registered office;
- Copy of LLP agreement;
- Copy of Board’s resolution.
- Digital Signature of one Designated Partner.
- PAN card of company and all directors;
- Copy of registration certificate/ COI of the company;
- Photograph of all the directors;
- Working Mobile Number & E-mail id;
- Copy of identity proof of all directors;
- Copy of address proof of registered office;
- Copy of Memorandum of Association (MOA) and Articles of Association (AOA);
- Copy of Board’s Resolution.
- DSC (Digital Signature of one director).
- Copy of PAN card of HUF;
- Passport size photograph and PAN of Karta;
- Working Mobile Number & E-mail id;
- Copy of address proof of registered office;
- Authorized signatory – Photo; & Letter of authorization.
- Copy of PAN card of society /trust /club and of promoters /partners;
- Photograph of promoters /partners;
- Copy of registration certificate;
- Working Mobile Number & E-mail id;
- Copy of address proof of registered office;
- Authorized signatory – Photo; Letter of authorization.
- PAN card of company and all directors;
- Copy of registration certificate/ COI of the company;
- Photograph of all the directors;
- Working Mobile Number & E-mail id;
- Copy of identity proof of all directors;
- Copy of address proof of registered office;
- Copy of Memorandum of Association (MOA) and Articles of Association (AOA);
- Copy of Board’s Resolution.
- DSC (Digital Signature of one director).
1. Proprietorship
2. Partnership Firm
3. Limited Liabity Partnership (LLP)
4. Private Limited Company
5. Hindu Undivided Family
6. Society /Trust /Clubs
7. One Person Company
- Voter Identity Card
- Aadhar Card
- Passport
- Electricity or Telephone Bill
- Driving License
- Ration Card
- Bank Account Statement
Add what functions as identity proof; one can use a PAN Card or Aadhar Card. Any director can depict their passport, telephone bill, voter ID, and electricity bill for address proof.
FAQ's
Few doubts important to be resolved quickly
1. What are the kinds of gst registration?
2. What are the steps to download GST registration certificate?
3. What are the advantages to apply GST registration?
4. Can I apply for several GST registrations?
5. Can I willingly do gst apply online?
6. What is the threshold limit for gst registration?
7. Why is there a postponement in GST registration?
8. What are the documents required for gst registration?
Goods & Services Tax (GST)
GOLD
- GST Registration within a week
- GST Certificate e-copy
- GST Return Filing
- MSME Registration
PLATINUM
- GST Registration within a week
- GST Certificate e-copy
- GST Return Filing for 3 months
- MSME Registration
DIAMOND
- GST Registration within a week
- GST Certificate e-copy
- GST Return Filing for 12 months
- MSME Registration
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