Online GST Registration is the process by which a taxpayer registers with the GST council as a taxpayer via the official government-run portal dedicated to the tax regime. When a taxpayer completes the GST Registration process, they will be issued a Goods and Services Tax Identification Number (GSTIN). The Central Government issues this 15-digit GSTIN to help them determine whether or not a business must pay GST. After having GSTIN, the entity is required to file applicable GST Returns for the relevant periods.
GST has three tax components: a central component (Central Goods and Services Tax or CGST) and a state component (State Goods and Services Tax or SGST), where both the Centre and the State will levy GST on all entities, i.e. when a transaction occurs within a state. Inter-state transactions will be subject to the Integrated Goods and Services Tax (IGST), which will be levied by the central government, i.e. when a transaction occurs between two states.
Any business whose annual turnover is more than the prescribed limit shall make an online application for a GST Number on gst portal.
The GST registration is mandatory if the "aggregate turnover" exceeds the prescribed limits
The limits for aggregrate turnover are as follows:
|States||If exclusively engaged in supply of Goods||If engaged in supply of Services, or goods or services or both|
||10 Lakhs||10 Lakhs|
||20 Lakhs||20 Lakhs|
|All other states||40 Lakhs||20 Lakhs|
The list of documents required for New GST registration of for various business are as follows:
Private Limited Company
The following can be shown as proof of address of a director
Visit the GST portal online at (www.gst.gov.in)
Fill Part- A of the registration form 1
You will receive an application reference number (ARN) on your mobile and via email.
Fill in the second part of the registration form and upload the required documents according to the business type
Submit the required documents within 7 working days along with GST REG-04
Go through the email and look for errors. In case of any errors, your application may get rejected, and you will be notified about the same in form GST REG-05 of registration under GST.
Obtain a registration certificate from the GST portal. After having GSTIN, the entity is required to file applicable GST Returns for the relevant periods.
In the event of genuine errors, non- or late registration of an individual's business with the GST council will result in a penalty of 10% of the due amount. The minimum penalty, however, is Rs.10,000. If the authorities determine that an individual is attempting to evade tax on purpose, the penalty will be 100 percent of the due tax amount. As a result, it is critical for an individual to conduct due diligence as quickly as possible.
Yes. The principal place of business and place of business have been separately defined under section 2(89) & 2(85) of the CGST/SGST Act respectively. The taxpayer will have to declare the principal place of business as well as the details of additional places of business in the registration form.
No, a person without GST registration can neither collect GST from his customers nor can claim any input tax credit of GST paid by him.
Yes , you may cancel your GST number at any time if you are no more liable for registration
No. Every person who is liable to take a Registration will have to get registered separately for each of the States where he has a business operation and is liable to pay GST in terms of Section 22(1) of the CGST/SGST Act.
The proper office under GST can take action against you. He may initiate legal proceeding against you and you will be liable for penalty.
The GST number once allotted is valid until it is surrendered or cancelled. It does not have expiry.
Under GST law, GST registration is mandatory in certain cases irrespective of turnover limit. The situations are as follows:
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