Online GST Registration in India

Beginning July 2017, Goods & Services Tax (GST) will apply to all Indian service providers (including freelancers), traders, and manufacturers once their supply turnover crosses Rs. 20 lakhs. The GST is an all-in-one tax that subsumes a variety of state (VAT, Entertainment Tax, Luxury Tax, Octroi) and central taxes (CST, Service Tax, Excise Duty). GST will be charged at every supply chain step, with full set-off benefits available. The procedure for GST is completely online and requires no manual intervention. A composition scheme will also be under GST for businesses with a supply turnover of less than Rs. 50 lakh.

Benefits of Applying GST Registration for Business

Right now, a business element enlisted under any current assessment administration must move under GST law independent of the edge limits. After focal and state-level duty administrations, the taking will end with a presentation of Goods and Service Tax (GST).

• Central Excise duty
• Service Tax
• State VAT
• Central Sales Tax
• Entry Tax (all forms)
• Luxury Tax
• Entertainment and Amusement Tax (except when levied by the local bodies)
• Purchase Tax
• Surcharges and Cesses so far as they relate to the supply of goods and services
• Taxes on lotteries, betting, and gambling

Be that as it may, if you are providing merchandise and enterprises and are not enrolled under any current expense administrative, you are obligated to enlist just if the total turnover in any budgetary year surpasses as much as possible. The current edge restraint indicated by the GST board is 20 lakhs for every one of the states aside from the North Eastern States, where the breaking point is ten lakhs.

Features of GST Registration

Subsuming of Taxes

The GST will consolidate Central Excise Duty, Service Tax, VAT, Central Sales Tax, Customs Duty, Central Surcharge & Cess, Octroi, Luxury Tax, Entertainment Tax, Purchase Tax, and a few other indirect taxes. The GST will apply to all goods and services. Even petrol and petroleum products will eventually be subject to it. This would make tax collection and compliance easy for businesses across the country.

GST Rates

The GST council has decided on a four-tier structure. The GST rate will depend on the type of goods and services. Currently, the slab rates are 5%, 12%, 18%, and 28%.

Managing Business will be easy

Currently, various businesses like restaurants, computer sales, and services businesses have to deal with both VAT and Service Tax regulations resulting compliance burden on the Business, as they have to calculate taxes for the transaction based on different rates for different items. With the Implementation of GST, Business will be made easy.

Lower Taxes

In some states under the VAT regime, businesses must comply with VAT regulations once they cross an annual turnover of Rs.5 lakhs. Under the GST regime, GST liability occurs only if an entity crosses an annual turnover of Rs.10 lakhs in northeast or hill states, whereas, for the rest of India, the threshold is set at Rs. 20 lakhs.

Eligibility Criteria for GST Registration 

The following types of individuals and entities are eligible for GST registration:

• Businesses whose annual turnover is more than INR 20 Lakh
• All people who have registered under the previous tax regime
• The person making inter-state supplies
• Casual taxable person
• A taxable person who is a non-resident
• The agent of the supplier
• Taxpayers paying tax under the Reverse charge mechanism
• E Commerce aggregator or operator
• Person supplying online information from a place outside of India to a person inside India. 

Documents Required for GST Registration  

Every GST registration applicant must supplement their registration application with the following documents as per their corporate structure:

Sole Proprietorship

• PAN Card and address proof of proprietor

Limited Liability Partnership

• PAN Card of LLP
• LLP Agreement
• Partners’ names and address proof

Private Limited Company

• Certificate of Incorporation
• PAN Card of Company
• Articles of Association
• Memorandum of Association
• Resolution signed by board members
• Identity and address proof of directors

Process of obtaining GST Registration in India

Below is a step-by-step guide on how to do a registration process of filing GST online:

PART-A GST Registration Process

Step 1: Visit the GST taxation website. Click on login, if you’re already registered simply fill in the details. If you’re filing the application for the first time then choose the “First time login” option. Enter the Provisional ID/ GSTIN/ UIN and enter password, click on login.

Step 2: After login select option new registration and fill the following details:

• Select State or Union Territory, and District.
• Legal Name of the Business.
• PAN Card Number.
• Email Address and Mobile Number.
• Click on Proceed.

Step 3: Enter the two OTPs, first received on Mobile Number and second received on Email. Click on resend OTP if not received, otherwise click on Confirm.

Step 4: After this step, now you receive a 15 digit Temporary Reference Number (TRN), on your mobile number or email. Complete the next Part-B registration process within 15 days.

Step 5: Again visit the portal and select ‘New Registration’ option. Choose the TRN option and fill the number you received. Enter Captcha and click Proceed. You receive OTP again on mail and mobile. Enter and proceed.

Step 6: Now your application will be shown as Draft. Click on the Edit icon.

PART-B GST Registration Process

Step 7: In Part-B you have to fill in details in 10 different sections. Below is a list of documents which should be available to you at the time of filing the form:

• Photographs
• Address proof
• Constitution of the taxpayer

Step 8: Next, fill in the business details such as trade name, business constitution and district. Choose the type of registered person as manufacturer or service provider. Fill other details as per your business. 

Step 9: Fill details of Promoters/ Partners tab. There you can only enter the details of up to 10 promoters or partners. Name, address, mobile number, gender, designation and DIN number of director.

Step 10: Enter details of authorized signatory similar to the promoters and partners.

Step 11: Enter the details of the principal place of business. It is the place where the company is located and where the books of accounts and documents are maintained.]

Step 12: Upload all the documents including consent letter or NOC for business premises. In the next slide fill the details of goods and services with HSN or SAC for a maximum of 5 goods or 5 services.

Step 13: Enter bank details of the taxpayers, account number, type of account and bank IFSC code. You can enter details up to 10 taxpayers. Upload documents related to bank accounts as a proof.

Step 14: In the State Specific Information tab, enter the details of professional tax employee code number, PT registration certificate number and State Exercise License number with the name of the license holder.

Step 15: Next complete the aadhaar authentication. You have an option to do the verification or not. If the Aadhar authentication is done by the authorized signatory, then the physical verification of the premises is not required to be done.

Step 16: Submit the application form and a message of successful application. The Application Reference Number (ARN) is sent to the registered email and mobile. By entering the ARN number you can check the status of your application on the GST portal. 

Our GST Registration Consultants  

At Registrationwala, Our GST Consultant  can assist you with the registration by providing you with the following services:

1. Document drafting
2. Application filing
3. Processing the application
4. Completing the GST registration

Therefore, get in touch with us if you want the GST Registration in minimum time and at minimum GST Registration fees.