Tag: gst registration service

Simple Guide to GST Registration Process in India

The Goods and Services Tax (GST) is an indirect tax in India that replaced several existing taxes and unified them under one system. If your business has an annual turnover exceeding the prescribed threshold (₹20 lakh for most states and ₹10 lakh for special category states), you must need for GST Registration. Here’s a concise guide on how to register.

Who Needs GST Registration?

  • Businesses with annual turnover exceeding ₹20 lakh.
  • Inter-state suppliers of goods or services.
  • E-commerce operators.
  • Casual and non-resident taxable persons.
  • Agents, input service distributors, and businesses selling online.

Documents Required for GST Registration:

  • PAN Card of the business.
  • Aadhaar Card of the applicant.
  • Proof of business address (electricity bill, rent agreement, etc.).
  • Bank account details (bank statement or canceled cheque).
  • Digital Signature for companies and LLPs.

Step-by-Step GST Registration Process:

  1. Visit the GST Portal: Go to www.gst.gov.in and click on “New Registration.”
  2. Generate TRN: Enter your details (PAN, mobile, and email), verify the OTP, and get a Temporary Reference Number (TRN).
  3. Fill the Application: Use the TRN to log in and complete the application form. Enter details like business name, promoters, address, and bank account details.
  4. Upload Documents: Submit scanned copies of your PAN, Aadhaar, proof of business address, and bank details.
  5. Submit Application: After filling the required fields, review and submit the application using a Digital Signature Certificate (DSC) or Aadhaar OTP.
  6. Verification & Approval: After submission, you’ll receive an Application Reference Number (ARN). GST authorities will verify the application, and once approved, your GSTIN (GST Identification Number) will be issued.

Post-Registration Compliance

Once registered, businesses must:

  • File GST returns regularly.
  • Issue GST-compliant invoices.
  • Collect and pay GST to the government.

Conclusion

Registering under GST is essential for businesses to legally operate and avail benefits like Input Tax Credit. The process is straightforward and can be completed online in a few steps. Accurate filing and prompt compliance ensure smooth operations under the GST framework.