Gone are the days when you used to deal with multiple taxes. Goods and service tax, GST is India’s one-nation-one-tax system. It enables citizens to follow one-tax rules and eliminates various indirect taxes such as central excise duty, duties of excise, additional duties of excise, other duties of customs, special additional duty of customs, cess, state vat, central sales tax, purchase tax, luxury tax, entertainment tax, entry tax, taxes on advertisements etc.
If you’re a business owner, e-commerce operator, or aggregator supplying service providers and have an annual turnover of RS, 40 Lakh, 20 Lakh, or 10 Lakh. In that case, you must do GST registration online in India.
What is GST Registration
Goods and services tax, GST registration online India is a compulsion for business owners whose turnover is of Rs.40 lakh or Rs. 20 lakh must register as an average taxable person known as a GST registration.
The GST registration is mandatory for some businesses from its beginning, such as inter-state businesses, e-commerce platforms, temporary product suppliers, agents, etc.
Running such a business without GST registration it’s considered an offence.
GST registration usually takes between 2 and 6 working days.
Different Types of GST Registration
Normal Taxpayer
The average taxpayers are those businesses whose annual turnover is 40 lakh, or the threshold limit is 10 lakh if you reside in the northeastern states, J&K, Himachal Pradesh, and Uttarakhand.
Casual Taxable Person
Those who register their business as an occasional or seasonal business category are called casual taxable people. The registered tenure for a seasoned business is 3 months. However, the business can renew and extend its business.
Composition Taxpayer
The composition GST scheme is for businesses with an annual turnover of over 1 crore. These businesses must pay a fixed amount of GST irrespective of their actual turnover.
Non-Resident Taxable Person
This is a tax scheme for those individuals who reside outside the country but occasionally sell goods or services to Indian residents as agents, principals, or in other capacities. These people need to file for GST registration under the non-resident taxable category. The tenure for non-resident taxable persons is also three months.
Documents Required for GST Registration
For any category of GST registration, the applicant requires certain documents; these documents are:
- Permanent Account Number (PAN) of the applicant
- Aadhaar card of the applicant
- Proof of business registration or incorporation certificate of the business
- Promoters/Directors’ Identity and address proof with a recent photograph
- Bank account statement/cancelled cheque
- Authorisation letter/board resolution for authorised signatory
- Digital signature
GST Registration Fees
There is no fee associated with the GST registration. However, there is a penalty if a business fails to complete the GST registration. The company will levy 10% of the amount that is due.
In addition, if there is a tax evasion, 100% of the amount due will be charged as a penalty.
Who Needs to Register for GST?
Businesses with annual turnover of 40 lakh, 20 lakh or 10 lakh are required to register for GST. However, certain companies must register for GST regardless of annual turnover.
- Inter-state supplier of goods and services
- Non-resident taxable person
- E-commerce portal
- Online data access service provider
- Casual taxpayers
Online GST Registration Process
The online GST registration process is easy. You can complete your online GST registration in 15 steps.
- Visit the GST portal launched by the Indian Government and navigate to the “Services” tab.
- Click “Registration” and select the “New Registration” option. The application form for GST registration is divided into two parts. Start filling up the form.
- Select the “Tax Payer” option in the I’m section. Afterwards, Select your state and districts.
- Enter the applicant’s official name as mentioned on the PAN and the Permanent account number (PAN).
- Enter the authorised email ID of the primary applicant; a verification code will be sent to your email ID.
- Now, provide your mobile number and an OTP will be sent to you on your number.
- Enter the captcha and proceed. You’ll be redirected to a new page.
- Here, you can receptively enter the OTP received on your email or mobile number for verification. You will receive the Temporary Reference Number (TRN) via email or mobile.
- Now move to the 2nd part of GST registration and Enter the TRN number.
- Fill the captcha and click on the proceed button. You’ll be redirected to a new page.
- Again, you will receive OTP. Enter the OTP and proceed.
- You can see your GST registration status in “My Saved Application.”
- There will be an “edit” option. click on it to enter the details associated with business, promoter, partner, businesses’s other branch, authorised signatory, business principal, goods & services detail, state information, aadhaar authentication and verification.
- Now click on ‘Save and continue’ and submit the application. Ensure that before that enter your digital signature using DSC and tap the button ‘Proceed’.
- Once you submit the application successfully, you will receive on your email or SMS an Application Reference Number (ARN).
How to Download the GST Registration Certificate?
Once you register for GST online successfully, within 15 days, it will be processed. Afterwards, you can download the GST certificate.
To download the GST registration certificate, follow these steps:
- Visit the gst.gov.in
- Login to the GST Portal with valid credentials.
- Click the Services
- Navigate the User Services.
- Now click on the View/Download Certificates command.
The GST certificate will be downloaded in PDF format.
Conclusion
GST registration is vital for businesses to run without legal problems. Which also helps in Private Limited Company Registration. Moreover, paying taxes is essential for the nation’s overall development. Being a citizen of India, every citizen business, capable, must register for one tax regime: GST.
The online registration process for GST is simple. You can easily register for Goods and Service Tax with an authentic registration number, email ID, business registration certificate, and other details.
