GST Registration
What is GST Registration?
Every person carrying on the business of supply of goods or services or both under the GST regime and whose turnover is in excess the threshold limit of Rs. 20 lakhs (Rs.10 lakhs for North-eastern states) is required to register as normal taxable person under GST. This is called GST Registration.
If the Turnover is Exempt under the act the supplier is not liable to be registered (Example RICE trader is not liable to be registered if deals only in Unbranded Rice and don't do Interstate Supplies)
Why is it Important?
In the current tax regime, multiple taxes are levied at different point leading to cascading effect of tax (i.e. tax on tax). This in turn leads to higher cost of goods and services. One of the major benefit of GST is single tax system and thereby enabling businesses to avail seamless input tax credit. To avail the seamless input tax credit, it is imperative to get GST registration.
New Registration Procedure
Registration to GST is a simple two steps process of Part A & Part B. Procedure for new registration is as follows:
PART A of Registration:
Access the GST website www.gst.gov.in
In the Home page, click Services menu and select Registration -> New Registration. In this select the "New Registration" radio button
Input the basic data like State in which you are operating, district, PAN and the legal name as per PAN, valid email address & Indian mobile phone number. The GST portal will communicate the One Time Password (OTPs) and the notifications to this email address and the mobile phone number.
On clicking proceed, you will receive the mobile OTP and email OPT.
In the next page, enter the mobile OTP and the email OTP in the respective fields and click "Proceed"
This completes the Part A of GST registration and a Temporary Reference Number (TRN) will be generated. Save this TRN to proceed with Part B of registration process
TRN is valid for 15 days
PART B of Registration:
Access the GST website www.gst.gov.in
In the Hope page, click Services menu and select Registration -> New Registration. In this select the "Temporary Reference Number (TRN)" radio button
Enter the TRN number that was generated on submitting Part A of the registration process and proceed. This will trigger an OTP.
Enter the OTP received and proceed further. At this stage, the status of the registration application will be shown as "Draft". Click on edit icon and proceed.
Part B of the application contains 10 sections.
- Business Details
- Promoter / Partner Details
- Authorised Signatory
- Authorised Representative
- Principal Place of Business
- Additional Places of Business
- Goods & Services
- Bank Account details
- State Specific Information
- Verification
Each of these sections contain multiple fields. Make sure to fill all the mandatory fields marked in red
Business Details:
In the Business Details section provide the basic details of the business. Pay attention while selecting the constitution of the business.
Fill in the other business details and the existing GST registration details, if any
Click save and proceed
Promoter / Partner Details:
In the Promoter / partner details enter the personal information, identity information and the residential Address of the partner or the promotor.
In case of director, enter the Director's Identification Number (DIN) allotted by the Ministry of Corporate Affairs (MCA)
Upload the photograph of the person, whose details are provided in JEPG format and the size should be less than 100 KB
If this person is the Authorised Signatory also, in the 'Other Information' section, mark the slider as 'Yes', else mark it as 'No'
Authorised Signatory:
In this section set the primary authorised signatory. It is mandatory to add a primary authorised signatory. All communications from the GST portal will be sent to email id and the mobile number of the primary authorised signatory as mentioned in the Part A of the registration application.
Up to 10 authorised signatories can be added
Enter the relevant personal information, identity information, Residential Address including PIN code and upload the relevant documents as a proof of authorisation as authorised signatory and the photograph in JEPG format and the size should be less than 100 KB
Details of multiple authorised signatories can be added by clicking the "Add New" button and entering the relevant information
Click Save and Continue
Authorised Representatives:
Details of authorised representatives can be entered in this section, if desired
An authorised representative can be a GST Practitioner
Principal Place of Business:
In this section, provide the address of the business premises, contact information of the given location, Nature of possession of the premises and upload the relevant supporting document to support this information. The document should be in PDF or JPEG format and the size should be less than 1 MB.
In case the principal place of business is neither a own premise nor on rent, in the tab "Nature of possession of premises" select the option as "other" and upload the "No Objection Certificate (NOC)" from the owner of the premises
In the Nature of Business Activity section, select the appropriate check box indicating the nature of the business
Additional Places of Business:
In case the business is carried on from additional places also, enter the details which are similar to the principal place of business
Goods & Services Details:
In this section provide information related to 5 primary Goods & Services you supply. In this enter the name of the Goods & Services and the Harmonised System of Nomenclature (HSN)
Bank Account Details:
This section needs details of at least one bank account that is being used for business purposes. Upto 10 bank accounts can be added in this section. After entering the bank details like the Account Number, Type of account and the IFSC code of the bank, upload the supporting documents such as first page of the pass book or a cancelled cheque leaf bearing the tax payers name or the Bank Statement. More than one document can be uploaded in this section, if needed
State Specific Information:
In this section any State Specific Information like the Professional Tax code, etc can be provided, if desired. Else this section can be skipped and move on to the next section
Verification:
In this section, you give verification stating that the information given are true and correct to the best of the knowledge. Once done, submit the application. For Companies and Limited Liability Partnerships (LLPs) it is mandatory to submit the application using the PAN based Class-II or Class-III Digital Signature Certificate (DSC)
Before submitting the application using the DCS, the same must be registered using the DSC registered service on the portal
Applicants other than Companies & LLPs, the can be submitted using either eSign or EVC option. Both these services are Aadhar based services and it is required to have the mobile phone number which is registered in the Aadhar data base
In case of EVC, an OTP will be sent to the mobile number and needs to be entered for authentication
Upon successful submission of the application, an Acknowledgement Reference Number (ARN) will be displayed. This ARN number will be sent to the registered email and mobile phone number
Now the status of the application will change to "sent for verification". Upon satisfactory verification by the proper officer, GSTIN will be allotted.