Gst Registration

The Goods and Services Tax (GST) rules stipulate that if the turnover of your business exceeds Rs. 40 lakhs in case of trading and manufacturing, Rs. 20 lakhs for services, you are supposed to register as a normal taxable entity. This is GST Registration. Registration under GST is mandatory for some businesses. GST rules prescribe the carrying out of business without registering as an offence which can incur heavy penalties. However, a person can take GST registration on voluntary basis without exceeding above limit. A person needs to file GST returns mandatorily after taking registration. Non filing of returns attracts additional late filing fee with interest thereon and if returns are not filed for consecutively six months registration is cancelled after giving prior notice by the department.

PENALTY FOR NON-REGISTRATION

Delinquents has to pay a penalty of 10% of the tax amount due subject to a minimum of Rs.10,000. If the delinquent intentionally avoids paying taxes, the penalty can shoot up to 100% of the tax amount due.

REGISTERING FOR GST

Let’s see who all are supposed to register for GST, besides businesses having more than Rs. 40 lakhs turnover:

- Individuals registered under Excise, VAT, Service Tax etc.
- Businesses in North-Eastern States and hill states having a turnover of more than Rs. 10 Lakhs
- Casual taxable person / Non-Resident taxable person
- Agents of a supplier & Input service distributor
- Those paying tax under the reverse charge mechanism
- Individuals who supply via e-commerce aggregator
- Every e-commerce aggregator
- Individuals supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered taxable person

If a business operates from more than one state, separate GST registration for each state is required.

REGISTRATION PROCESS

GST Registration can be done online via GST Portal

Step 1: Visit the GST portal – https://www.gst.gov.in and click on the Register Now link under the Taxpayers tab.

Step 2: Select New Registration and fill as follows:

- Under the I am a drop-down menu, select Taxpayer.
- Select the respective state and district.
- Enter the name of the business.
- Enter the PAN of the business.
- Enter active email ID and mobile number in the respective boxes, to which OTPs will be sent.
- Enter the image that is shown on the screen and click on Proceed.

Step 3: OTPs will be sent to your email id and mobile number. Enter the OTP in the respective boxes and click Proceed. Temporary Reference Number (TRN) will appear on the screen. Note it down.

Step 4: Once again, visit the GST portal, click on the Register under the Taxpayers tab, and select Temporary Reference Number (TRN)

Step 5: Enter TRN, captcha details and click Proceed.

Step 6: On the next page, the status of your application will be shown. Click on the Edit icon on the right side of the page.

Step 7: The next page requires you to upload necessary documents and furnish relevant details pertaining to your business

Step 8: Visit the Verification page and check the declaration. Submit the application via one of the following methods:

- By Electronic Verification Code (EVC). The code will be sent to the registered mobile number.
- By e-Sign method. An OTP will be sent to the mobile number linked to the Aadhaar card.
- The application must be submitted by using the Digital Signature Certificate (DSC) if companies are registering.

If properly completed, the screen shows a SUCCESS message, and the Application Reference Number (ARN) will be sent to your registered mobile number and email id. The status of the ARN can be tracked in the GST Portal.

DOCUMENTS REQUIRED

- PAN card.
- Aadhaar card.
- Business address proof.
- Bank account statement and or cancelled cheque.
- Incorporation Certificate, the business registration proof or Partnership deed in case of firm or LLP.
- Digital Signature.
- Directors’ or Promoters or Partners’ ID proof, address proof, and photograph.
- Mobile Number and email address of all Directors or Partners.
- Letter of Authorisation or Board Resolution from Authorised Signatory.
- No Objection Certificate from the owner of the premises.

DOWNLOADING GST CERTIFICATE

- Visit https://www.gst.gov.in/, click Login and enter the username and password.
- Click on Services.
- Click on User Services.
- Select View/Download Certificates and click Download

The details of your tax transactions will be there on the certificate.