Title: Online GST Registration Process in India
1Online GST Registration Process in India
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2GST, or Goods and Service Tax, has replaced
various other forms of indirect taxes and has
simplified Indias taxation system. If you are a
trader, business person, or entity having a
turnover more than the defined limit, you need to
register for GST. If you are a taxable person,
you cannot carry on your business activities
without a GST registration.
3What is GST Registration? GST or Goods and
Service Tax is an indirect tax levied on the
supply of goods and services. It has replaced the
old VAT and service tax system. If you want to
avail all the GST benefits (Goods and Service
Tax), you need to register for GST. Any business
whose turnover is more than Rs 40 lakhs (Rs 10
lakhs for hill state and North Eastern states)
needs to register as a taxable person under the
GST law. Some businesses must register for GST.
If the business carries without registering under
the GST, it will be considered an offense, and
heavy penalties will apply to that business. You
will also not avail of any benefits
mentioned under the GST law if you do not
register.
How Much Time is Required in the GST Registration
Process? It usually takes 2-6 working days to
complete the GST registration process.
4- Who Needs to Register for GST?
- Following people needs to register for the GST
- All individuals registered under the Pre-GST law,
i.e., Excise, VAT, Service Tax, etc.) - All the businesses whose turnover exceeds Rs 40
lakhs (Rs 10 lakhs for NE states, JK, Himachal
Pradesh, and Uttarakhand) - A taxable person or a non-resident taxable
person. - Input service distributor or an agent of
supplier. - Individuals who use e-commerce aggregators to
supply goods and services. - Individuals who supply online information and
access to databases from a place in India or
outside India.
5- GST Registration Process
- You can register online for the GST through the
portal maintained by the Central Govt. of India.
Here are the steps that you need to follow for
the new GST registration - The applicant needs to log on to the GST
registration portal, - Go to the menu option. Select services and choose
registration. - To start the Part A of the GST registration
process, click New registration. - You will be redirected to a page where you need
to select your status. Select whether you are a
GST practitioner or a taxpayer. - A form will appear on the screen where you need
to fill in the details like the businesss legal
name, mobile number, email id, PAN card details,
etc. - Submit the form. After successful submission, it
will take you to a verification page. Enter OTP
and click Proceed. - After the verification process, you will receive
a temporary reference number that you will need
to use in Part-B of the registration process.
6- Next, you need to enter the code (temporary
number) and the Captcha code to start the Part-B
process. - It will take you to a new page, and you can find
your previous application on a separate tab. You
need to enter the details like business details,
authorized sign, details of promoters or
partners, authorized representative, location of
the business (principal place), additional place
(of the business operation), bank account
details, state-specific information, and
verification, and good and services. You need to
enter all these details and then click on Save
Continue to proceed to the next step. - In the next step, you need to upload a few
documents and fill in the bank account details. - Then, you need to put your digital signature to
complete your application process. If you are a
company or LLPs, you can use only Digital Sign
certificates. - After this, click on Submit, and all the
details you mentioned will be updated and saved. - It will take you to the 2nd step of verification,
where you need to sign in from a pop-up window. - Once you do, your application will be submitted,
and a message/acknowledgment in the form of a
reference number will be sent to your registered
email and mobile number.
7- GST Registration Required Documents
- You need the following documents for the GST
registration - PAN card of the applicant or business.
- Proof of business registration. (If you are a
sole proprietor, you dont need to submit the
document. If you have a partnership firm, you
need to submit a partnership deed.) - Address proof
8- You can submit any of the following as address
proof for your GST registration process - The documents issued by the govt. for SEZs
(Special Economic Zones) - Rent agreement of the business space (if you use
the rented property) - The property tax receipt/ electricity
bill/municipal khata copy, if you own the
business property. - Identity proof of the business owners, i.e.,
every partner needs to submit a copy of the
aadhar card, PAN card, voter ID, ration card,
etc. - Bank account statement
- You need to submit a canceled cheque or the
scanned copy of the first page of the companys
accounts passbook. - Once you submit all the documents, a GST
personnel in charge of the verification process
will verify all the details you provided. After
reviewing all the details, the person will either
approve your application or reject your
application based on incomplete information or an
error in the application process. At this stage,
if you want, you can validate the information
until the clearance.
9What If You Do Not Register or Pay GST? If a
taxable person does not register and pay GST, the
person needs to pay a penalty of 10 of the
taxable amount, subject to a minimum of Rs
10,000. In case the person has registered and
deliberately withholds the GST payment, the
person needs to pay a penalty of 100 on the
taxable amount.
Conclusion There are various online GST billing
software that can help you to simplify your GST
filing process. One such software is Imprezz.
With imprezz, you can create high-quality GST
e-invoices in just a few clicks. We offer 14
days of free GST billing software trail for small
businesses in India. Login to get started!
10Contact US
Email - info_at_imprezz.in
- Sign up Today
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