In this post, you will find all the information about GST registration and relevant documents are required for registration. Friends, in this post I have covered all the information so I think the post is lengthy so you can skip the paragraph which is not necessary for you. Thank You.
First of all, the government does not charge a single penny for GST
registration through the online government portal. The online portal link is https://www.gst.gov.in
However, if you seek professional help from any
CA, you have to pay their professional charges.
Who needs a
GST Registration?
Every
business or corporation that is involved in the buying and selling and making
outward supplies of goods/services have to register for GST.
It is mandatory for companies whose turnover is
more than Rs.20 lakhs (for the supply of services) and Rs. 40 lakhs (for the supply
of goods) yearly to register for a GST. Sectoral series E-commerce Link:- https://www.cbic.gov.in/resources//htdocs-cbec/gst/faq-e-commerce.pdf;jsessionid=7E9D2EBEE838FF3E114DBB0270FBB837
What are
the GST tax rates?
The goods and services that are considered necessities
come under the exempt list i.e. they are not taxed. Household necessities and
life-saving drugs etc. are taxed at 5%. Products like computers and processed
food are taxed at 12%. Hair oil, toothpaste, soaps, capital goods,
industrial intermediaries, and services are taxed at 18%. Luxury items are
taxed at 28%. You can see the tax rates for all the products here:- https://cbic-gst.gov.in/gst-goods-services-rates.html
What is a
GST Return?
A GST Return is a document containing income details that must be filed as per the law with the tax authorities.
Under the GST law, a taxpayer has to submit two returns every month and one
such return annually.
What is
GSTIN?
GSTIN is a unique identification number given
to each GST taxpayer. To verify a GSTIN number a person who has a GST number
can log onto the GST portal.
What is the
GSTN (Goods and Service Tax Network)?
The Goods and Service Tax Network (or GSTN) is section
8 (non-profit), non-government, private limited company. GSTN is a one-stop
solution for all your indirect tax requirements. GSTN is responsible for
maintaining an Indirect Taxation platform for GST to help you prepare, file,
rectify returns, and pay your indirect tax liabilities.
Mandatory documents for Online GST registration
The list of documents required for registration
of GST for various business are as follows:-
1. Proprietorship Farm.
-PAN
Card and address proof of proprietor
2. LLP (Limited Liability Partnership)
-PAN Card of LLP
-LLP
Agreement
-Partners’
names and address proof
3. Private Limited Company
-Certificate
of Incorporation
-PAN
Card of Company
-Articles
of Association, AOA
-Memorandum
of Association, MOA
-Resolution
signed by board members
-Identity
and address proof of directors
-Digital
Signature
The following can be shown as proof of address
of a director:-
-Passport
-Voter Identity Card
-Aadhar Card
-Ration Card
-Telephone or
Electricity Bill
-Driving License
-Bank Account Statement
For address proof, any of the directors can
show their voters ID, passport, telephone bill, electricity bill, and telephone
bill.
Procedure
for online GST registration step by step:-
Online Registration
The
MoF simplified the GST registration procedure online. The applicant can process
the GST registration procedure through the GST Portal online. After submission
of the application, the portal generates GST ARN immediately. Using the GST
ARN, the applicant can check the application status.
Step
1: Go to the GST Portal
Access the GST Portal
->https://www.gst.gov.in/ > Services -> Registration > New
Registration option.
Step 2: Generate a TRN by Completing OTP Validation
The new GST registration page is displayed. Select the New Registration option. If
the GST registration application remains uncompleted, the applicant shall
continue filling the application using the TRN number.
- Select
the Taxpayer type from the options provided.
- Choose
the state as per the requirement.
- Enter
the legal name of the business/entity, as mentioned in the PAN database. As the
portal verifies the PAN automatically, the applicant should provide details as
mentioned in the card.
- In
the Permanent Account Number (PAN) field, enter PAN of the business or PAN of
the Proprietor. GST registration is linked to PAN. Hence, in the case of a
company or LLP, enter the PAN of the company or LLP.
Provide
the email address of the Primary Authorized Signatory. (Will be verified in
next step)
On
submission of the above information, the OTP Verification page is displayed.
OTP will be valid only for 10 minutes. Hence, enter the two separate OTPs sent
to validate the email and mobile number.
In the
Mobile OTP field, enter the OTP.
In the
Email OTP field, enter the OTP.
Step 4: TRN Generated
On completing
OTP verification, a TRN will be generated. TRN will now be used to complete and
submit the GST registration application.
Step 5: Log in with TRN
After
getting TRN(Temporary Reference Number), the applicant shall begin the GST
registration procedure. In the TRN field on the GST Portal, enter the TRN
generated and enter the captcha text as shown on the screen. Complete the OTP
verification on mobile and email.
Step 6: Submit Business Information:-
In
this first tab fills in all the information and all the mandatory field must.
Information should be correct as per your record.
Step 7: Submit Promoter Information
In
the next tab, provide promoter and director information. In the case of proprietorship,
then proprietor complete information must be submitted.
In
case the applicant provides Aadhaar, the applicant can use Aadhaar e-sign for
filing GST returns instead of a digital signature.
Step
8: Submit Authorised Signatory Information
An authorized signatory is a person nominated by the business owner or maybe
himself. The nominated person shall hold responsibility for filing GST returns
of the company. The authorized signatory will have full access to the GST
Portal.
Step 9: Principal Place of Business
In this section, the applicant shall provide the details of the principal place of
business that acts as the primary location within the State where the taxpayer
operates the business. In the case of a company or LLP, the principal place of
business shall be the registered office.
In
this section, upload documents to provide proof of ownership or occupancy of
the property as follows:
Own
premises, Rented or Leased premises if premises not covered under owner or
rented then submit a copy of the Consent Letter with any document in support of
the ownership of the premises of the Consenter like Municipal Khata copy or
Electricity Bill copy.
Upon
having an additional place of business, enter details of the property in this
tab. For instance, if the applicant is a seller on Flipkart or another e-commerce
portal and uses the seller’s warehouse, that location can be added as an
additional place of business.
Step 11: Details of Goods and Services
In this section, the taxpayer must provide details of the top 5 goods and services
supplied by the applicant. For goods supplied, provide the HSN code, and for
services, provide SAC code.
In this section, bank details are required of the applicant. If there are 5
accounts, enter 5. Then provide details of the bank account like account
number, IFSC code, and type of account. Finally, upload a copy of the bank
statement or passbook in the place provided.
Step 13: Verification of Application
In this step, cross-verify all the details submitted in the application before
submission. Once verification is complete, select the verification checkbox. In
the Name of Authorized Signatory drop-down list, select the name of the authorized
signatory. Enter the place where the form is filled. Finally, digitally sign
the application using Digital Signature Certificate (DSC)/ E-Signature or EVC.
Digitally signing using DSC is mandatory in the case of LLP and Companies.
Step 14: ARN Generated
On
signing the application, the success message is displayed. The acknowledgment
shall be received at the registered e-mail address and mobile phone number.
Application Reference Number (ARN) receipt is sent to the e-mail address and
mobile phone number. Using the GST ARN Number, the status of the application
can be tracked
(Special thanks to India Filings)
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