How to Start a Professional GST Practice? - PowerPoint PPT Presentation

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How to Start a Professional GST Practice?

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GST stands for "Goods and Services Tax." Implemented in the year of 2017 to bracket taxes across the country under one tax name, it is now very prominent that one should have themselves registered under GST requirements to do any sort of business. One should know that only a professional can provide compliance to an individual or a business. – PowerPoint PPT presentation

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Title: How to Start a Professional GST Practice?


1
How to Start a Professional GST Practice?
2
  • GST stands for Goods and Services Tax
    Implemented in the year 2017 to bracket taxes
    across the country under one tax name, it is now
    very prominent that one should have themselves
    registered under GST requirements to do any sort
    of business. One should know that only a
    professional can provide compliance to an
    individual or a business.

3
  • For a person to be eligible to provide
    compliance, they must have themselves registered
    under the GST portal and GST Network (GSTN).
    Given the importance of handling your accounting
    with regards to Goods and Services Tax and
    mandatory registration, let look into how one can
    start their professional GST practice. s20 offers
    a GST course in Ahmedabad. So, if this is
    something that interests you, then search Super
    20 Training.

4
  • It is a no-brainer that a person who understands
    the legal and financial workings can only be a
    GST practitioner. There are certain
    qualifications that one must possess in order to
    be eligible to be a practitioner.
  • 1. Advocate
  • 2. Chartered Accountant, Cost Accountant or a
    company secretary holding a certificate of
    practise (COP).
  • 3. Graduate or Post Graduate in Commerce/ Law/
    Banking/ Business Administration from an Indian
    or recognized foriegn university.
  • 4. A retired officer from the Commercial Tax
    department of any state government or the Central
    Board of Indirect Taxes and Customs for at least
    two years.
  • 5. Tax return preparer or Sales Tax practitioner
    with an experience of five years.

5
  • Aside from these requirements, other basic
    requirements include being an Indian citizen,
    being of sound mind, not being adjudged
    insolvent, and not having been convicted of an
    offence punishable by two or more years in
    prison.
  • Now with all that being cleared, let's look at
    the steps of registering as a GST practitioner.
  • Step 1 Go to the GST official website.(www.gst.go
    v.in)
  • Step 2 Click on "Services" followed by
    "Registration". Select the option of "New
    Registration".

6
  • Step 3 Under "New Registration".
  • 1. Select "GST Practitioner" under the "I am a"
    dropdown list.
  • 2. Then select the state and district from the
    lockdown.
  • 3. Enter your personal details such as name, PAN,
    email address and mobile number.
  • 4. Enter the captcha code.
  • 5. Click on "proceed".
  • You will then be directed to an OTP verification
    page.

7
  • Step 4 Please enter the two different OTPs you
    are given for your registered mobile number and
    email address. Click on "Proceed".
  • Step 5 You will get a Temporary Reference Number
    (TRN). Click on the "Proceed" button.
  • Step 6 Enter the generated TRN and clear the
    captcha process. Click on "Proceed".
  • Step 7 Carefully type out the OTP received on
    your registered mobile number and click on
    "Proceed."
  • Step 8 Enter all the relevant details in this
    given section and upload the said documents in
    either.pdf or.jpg format. Click on "Submit" on
    the verification page.

8
  • Details of Applicants

9
  • 1. Type in your date of birth and enter your
    first, middle, and last names.
  • 2. Choose your gender, other requested
    information, and a JPEG photograph. Make sure the
    file size is less than 100 KB (Kilo bytes).
  • 3. Once all the asked details are entered and
    your photograph is uploaded, click on the "Save
    and Continue" button to move on to the next
    section.

10
  • Professional Details

11
  • 1. Enter your address with its respective
    pincode. The relevant state and district will be
    auto-filled from Part A of the form.
  • 2. Click on the appropriate address proof given
    in the drop-down menu.
  • 3. Upload the proof of professional address in
    JPEG or PDF form with a file size of no more than
    1 MB (megabytes).
  • 4. Once all the details are submitted and the
    documents are uploaded, click on "Save
    Continue" to go to the final section.

12
  • Verification Page

13
  • 1. Select the checkbox with the verification
    statement and enter the place.
  • 2. Make sure you submit the application using a
    Digital Signature Certificate, Electronic
    Verification Code, or e-Signature. For
    e-signature, make sure you update your Aadhaar
    number in the applicants' details section.
  • There are two ways the application can be
    submitted
  • 1. Digital Signature Certificate (DSC) Submit
    the application using the DSC token. Note that
    you should have emSinger (from e-Mudra) installed
    on your computer and the DSC is registered in
    your computer.
  • 2. Electronic Verification Code and e-signature -
    You will receive 2 OTPs, one on the
    Aadhaar-linked mobile number and the other on the
    e-mail ID. Enter the OTPs and submit the
    application.

14
  • Make sure a "success" pop-up message is displayed
    after you have submitted the application. You
    will also receive an acknowledgement on your
    registered mail ID under 15 minutes from the time
    of successful submission of the application. With
    that, you have completed your process of
    registering as a GST practitioner.

15
  • Conclusion

16
  • It is very important to note that for you to be a
    credible practitioner, you should have a sound
    knowledge or abundance of experience in your
    hands. One good way of achieving both is by
    making sure you check out offers of s20 from
    Ahmedabad that provide the practical facility to
    learn the GST course. It may be a cliche to say
    here that nothing is easy but given the weight of
    responsibility this post offers, the weight is
    necessary and fruitful. All the best.
  • Article Source
  • https//www.weblyen.com/starting-professional-gst-
    practice/

17
  • Super 20 Training Institute
  • www.s20.in
  • 91 7069 646028
  • Address
  • 205, Narayankrupa Square,
  • Opp. H K Commerce College,
  • Gandhigram Railway Crossing,
  • Ashram Road,
  • Ahmedabad 380009
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