How to Start GST Registration
GST Registration
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GST Registration is required for businesses like export and import, e-commerce, casual dealers, and marketplace aggregators. Doing business without GST registration is against the law. Contact us today to get your GST Registration done
Package Inclusion : -
- Application Filing for GST Registration
- Obtain GST Identification Number
- Completely Online – No need to visit the office
- CA Assisted GST Filing for all your GST needs
- End-to-end support
GST Registration- Overview
An Overview of GST Registration
GST (Goods and Services Tax) registration is a process where businesses register themselves under the GST system to collect and pay taxes to the government. It is mandatory for certain businesses, including:
- Export and Import Businesses
- E-commerce Operators
- Casual Dealers
- Marketplace Aggregators
Once registered, businesses are assigned a unique GSTIN (GST Identification Number), which helps in tracking tax compliance.
Why is GST Registration Important?
- Legal Requirement: It’s mandatory for businesses exceeding the prescribed turnover limit or involved in specific operations.
- Avoid Penalties: Operating without GST registration is illegal and can lead to fines.
- Input Tax Credit: Registered businesses can claim credit for the taxes they pay, reducing overall costs.
- Enhances Credibility: It builds trust with customers and partners, as it indicates compliance with tax laws.
How to Register for GST?
The GST registration process is straightforward and can be completed online. It involves submitting your business details, PAN card, address proof, and bank details on the GST portal.
Need Help with GST Registration?
If you’re unsure about the process or need assistance, contact us today. We’ll help you get your GST registration done quickly and hassle-free!
Advantages of GST Registration
GST registration offers several benefits for businesses, ensuring smooth operations and legal compliance. Here’s why it’s essential:
1. Legal Compliance
GST registration is mandatory for businesses exceeding the prescribed turnover or involved in specific activities like e-commerce and exports. It helps you avoid legal issues and penalties.
2. Input Tax Credit (ITC)
Registered businesses can claim credit for the GST paid on purchases, which reduces their overall tax liability. This makes products and services more cost-effective.
3. Increases Business Credibility
A GST-registered business appears more trustworthy and professional to customers, suppliers, and partners, boosting its reputation.
4. Expands Market Reach
GST registration allows businesses to trade across states and even internationally without additional taxes or restrictions, facilitating growth and expansion.
5. Ease of Doing Business
Under GST, all indirect taxes are consolidated, simplifying tax compliance, filing, and reporting processes. It’s a one-stop system for indirect taxation.
6. Helps in Government Tenders
Many government contracts and tenders require businesses to have GST registration, making it easier to participate in such opportunities.
7. Streamlines Taxation for E-commerce
If you operate an e-commerce platform or sell online, GST registration is mandatory, enabling seamless taxation across states.
Note
GST registration is more than a legal requirement; it’s a step toward better business management and growth. If you need help with your GST registration, get in touch with us today!
Documents Required for GST Registration
To complete your GST registration, you’ll need to provide certain documents based on your type of business. Below is a list of commonly required documents:
1. For Individuals and Sole Proprietors
- PAN Card of the proprietor
- Aadhaar Card of the proprietor
- Passport-sized photograph
- Proof of business address (rent agreement, utility bill, or ownership document)
- Bank account details (cancelled cheque or bank statement)
2. For Partnership Firms
- PAN Cards of the firm and all partners
- Aadhaar Cards of all partners
- Passport-sized photographs of all partners
- Partnership deed
- Proof of business address
- Bank account details of the firm
3. For Companies (Private/Public/LLP)
- PAN Card of the company
- Certificate of incorporation
- Memorandum of Association (MoA) and Articles of Association (AoA)
- PAN, Aadhaar, and photographs of directors
- Proof of business address
- Bank account details
- Authorization letter or Board Resolution for GST registration
4. For Casual Taxable Persons
- PAN and Aadhaar Card of the applicant
- Passport-sized photograph
- Proof of business address
- Bank account details
- Temporary GST registration proof (if applicable)
5. For E-commerce Operators and Aggregators
- PAN Card of the operator/aggregator
- Proof of business address
- Bank account details
- Registration certificate (if any)
Additional Notes
- Ensure all documents are clear and legible.
- For proof of business address, recent utility bills (not older than two months) or rental agreements are acceptable.
If you’re unsure about the process or the required documents, contact us for expert assistance with GST registration!
Procedure for Online GST Registration
Registering for GST online is a simple and straightforward process. Follow these steps to complete your GST registration:
Step 1: Visit the GST Portal
Go to the official GST portal at www.gst.gov.in.
Step 2: Click on ‘Services’
Navigate to ‘Services > Registration > New Registration.’
Step 3: Fill Out Part A of the Registration Form
- Provide the following details:
- Legal Name of the Business (as per PAN)
- PAN of the business or individual
- Email ID and mobile number (ensure they are active)
- Enter the CAPTCHA code and click ‘Proceed.’
- You’ll receive an OTP on your registered email and mobile. Enter the OTP to verify your details.
Step 4: Fill Out Part B of the Registration Form
- After verification, you’ll receive a Temporary Reference Number (TRN).
- Use this TRN to log in to the GST portal and continue your application.
- Complete the form by providing:
- Business details
- Owner/Promoter details
- Authorized signatory details
- Proof of business address
- Bank account details
- Upload required documents
Step 5: Submit Application
- After filling out the form, verify the application using:
- Electronic Signature (E-Sign): Requires Aadhaar-linked OTP.
- Digital Signature Certificate (DSC): For companies and LLPs.
- Electronic Verification Code (EVC): Sent to your registered mobile number.
- Submit the application.
Step 6: Receive GSTIN
- Once your application is verified by the GST officer, you will receive a GST Identification Number (GSTIN) on your registered email and mobile.
- This GSTIN is your unique tax registration number.
Key Points-
- Ensure that all details are accurate to avoid delays.
- Keep scanned copies of required documents handy during the process.
- The processing time is usually 7–10 working days.
Need help with GST registration? Contact us today, and we’ll make the process hassle-free for you!
Penalty for Non-Compliance under GST
Failing to comply with GST regulations can lead to significant penalties. Here’s an overview of the penalties under different circumstances:
1. Not Registering Under GST
- Penalty: 10% of the tax amount due, subject to a minimum of ₹10,000.
- If tax evasion is intentional, the penalty can go up to 100% of the tax due.
2. Failure to Issue Invoices
- Penalty: ₹10,000 or 100% of the tax amount due (whichever is higher).
3. Incorrect or False Information
- Penalty: ₹10,000 or the amount of tax evaded, whichever is higher.
- For deliberate falsification, penalties can include prosecution.
4. Late Filing of GST Returns
- Penalty: ₹50 per day for CGST and SGST (₹100 total) or ₹20 per day for nil returns.
- Maximum late fee: ₹5,000.
- Interest: 18% per annum on the outstanding tax amount.
5. Failure to Maintain Proper Records
- Penalty: Tax authorities can determine the tax amount and impose a penalty equal to the tax liability.
6. Fraud or Intentional Tax Evasion
- Penalty: 100% of the tax due.
- Additional prosecution measures can include imprisonment.
Consequences of Continued Non-Compliance
- Cancellation of GST Registration
- Authorities may cancel your GST registration, stopping your business operations.
- Legal Action
- Persistent non-compliance can lead to audits, investigations, and legal consequences.
Avoid Penalties with Timely Compliance
Stay compliant by:
- Registering for GST if required.
- Filing GST returns on time.
- Keeping accurate business records.
Need help with GST compliance? Contact us for expert guidance and assistance to avoid penalties.
Frequently Asked Questions
GST registration is the process by which businesses register under the Goods and Services Tax (GST) system to collect, pay, and claim GST. It provides a unique GSTIN (GST Identification Number) to businesses.
GST registration is mandatory for:
- Businesses with an annual turnover exceeding ₹20 lakhs (₹10 lakhs for special category states).
- E-commerce operators and aggregators.
- Exporters, importers, and casual taxable persons.
- Businesses involved in inter-state supply.
GSTIN (Goods and Services Tax Identification Number) is a 15-digit unique number assigned to registered taxpayers under GST.
Yes, businesses with a turnover below the prescribed threshold can register voluntarily to avail benefits like input tax credit and increased credibility.
Documents include:
- PAN Card of the business or proprietor.
- Proof of business address.
- Aadhaar Card and photographs of the applicant.
- Bank account details.
It usually takes 7–10 working days after submission of the application and required documents.
GST registration is free of cost on the official GST portal. However, you may incur service charges if you hire professionals for assistance.
No, a separate GST registration is required for each state where the business operates.
Operating without mandatory GST registration is a legal offense and can lead to penalties, including 10% of the tax amount due or ₹10,000 (whichever is higher).
You can check the status by visiting the GST portal and using your application reference number (ARN).