Post Name: The Goods and Services Tax (GST) registration process in India is mandatory for businesses whose turnover exceeds the prescribed threshold limit. Below is a detailed explanation of the GST registration process and the documents required for it.
Short Information :-
Step 1: Determine Eligibility
– Mandatory Registration :
– Businesses with an annual turnover exceeding ₹40 lakh (₹20 lakh for special category states) for goods.
– Businesses with an annual turnover exceeding ₹20 lakh (₹10 lakh for special category states) for services.
– Interstate suppliers, e-commerce operators, and casual taxable persons must register regardless of turnover.
– Voluntary Registration : Businesses below the threshold can also register voluntarily.
Step 2: Gather Required Documents
Ensure you have all the necessary documents ready before starting the registration process. (See the list of documents below.)
Step 3: Online Registration
1. Visit the GST Portal :
– Go to the official GST portal: [https://www.gst.gov.in/](https://www.gst.gov.in/).
2. Create a New User Account :
– Click on “Register Now” under the “Taxpayers” tab.
– Select “New Registration.”
3. Fill Part A of the Application :
– Select “Taxpayer” as the type of registration.
– Choose your state and district.
– Enter your business name, PAN, email address, and mobile number.
– Verify your details via OTP sent to your email and mobile number.
4. Fill Part B of the Application :
– After receiving the Temporary Reference Number (TRN), log in again using the TRN.
– Complete Part B of the application by providing:
– Business details (name, address, etc.).
– Promoter/partner details.
– Authorized signatory details.
– Principal place of business and additional places of business (if any).
– Bank account details.
– Goods and services details (HSN/SAC codes).
5. Upload Required Documents :
– Upload scanned copies of the necessary documents (see the list below).
6. Submit the Application :
– Verify all details and submit the application using a Digital Signature Certificate (DSC) or E-Signature (for individuals) or EVC (for companies).
7. Application Reference Number (ARN) :
– After submission, you will receive an ARN on your registered email and mobile number.
– Use the ARN to track the status of your application.
8. GSTIN Allotment :
– Once the application is verified and approved, you will receive your GST Identification Number (GSTIN) via email and SMS.
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Documents Required for GST Registration
The documents required depend on the type of business entity. Here’s a general list:
For All Businesses
1. PAN Card of the business or applicant.
2. Aadhaar Card of the applicant.
3. Proof of Business Registration :
– Incorporation Certificate (for companies).
– Partnership Deed (for partnerships).
– Registration Certificate (for other entities).
4. Address Proof of Business :
– Electricity bill, rent agreement, or property tax receipt.
5. Bank Account Proof :
– Bank statement, canceled cheque, or passbook with the account number, IFSC, and business name.
6. Photograph of the applicant (JPEG/PNG format, max 100 KB).
Additional Documents for Specific Entities
1. Proprietorship :
– Aadhaar card and PAN card of the proprietor.
2. Partnership Firm :
– Partnership deed.
– PAN cards of all partners.
3. LLP/Company :
– Certificate of Incorporation.
– Memorandum of Association (MOA) and Articles of Association (AOA).
– PAN cards of directors/partners.
4. HUF :
– HUF deed.
– PAN card of the HUF and Karta.
5. Society/Trust/Club :
– Registration certificate.
– PAN card of the entity.
– Authorized signatory details.
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GST Registration Fees
– The GST registration process is free of cost if done directly through the GST portal.
– However, if you hire a professional or consultant, they may charge a fee for their services.
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Post-Registration Compliance
Once registered, you must:
1. Display GSTIN : Display your GSTIN on all business invoices and signboards.
2. File GST Returns : File regular GST returns (GSTR-1, GSTR-3B, etc.) as per the due dates.
3. Maintain Records : Keep proper records of all invoices, purchases, and sales.
4. Collect and Pay GST : Collect GST from customers and pay it to the government.
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GST Registration Status
You can check the status of your GST registration application using the ARN on the GST portal: [https://www.gst.gov.in/](https://www.gst.gov.in/).
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Conclusion
The GST registration process is straightforward if you have all the required documents and follow the steps carefully. Once registered, ensure compliance with GST rules to avoid penalties. If you need assistance, consider consulting a GST practitioner or chartered accountant.