GST Registration: Process, How to apply for it

n order to gather knowledge on GST registration process step by step, we suggest you to read the entire article thoroughly so that you don’t miss any vital part essential for the process.

On 1st July 2017, India got a historic reform in the tax system with the introduction of GST. The law came into existence with the motive to revamp the tax structure of India. GST stands for Goods and Services Tax and is an indirect tax which has replaced all the other indirect taxes imposed earlier on the supply of goods and services.

Based on the reports, we can say that GST has experienced both success and failure. Unlike other countries, India didn’t experience any inflation which is indeed a good sign. Furthermore, the council is looking forward to improving the structure through modification in the GST tax slab rates. Let’s find out the necessary info regarding the GST registration and then we will move on to the GST registration process step by step.

GST registration in India

In India, GST registration is a mandatory permit for all the suppliers of goods and services whose business turnover exceeds a certain threshold limit. Every taxpayer whose aggregate turnover surpasses Rs. 40 lakhs should obtain the GST registration mandatorily under the GST Act. However, the threshold changes to Rs 20 lakhs for North-Eastern states (Sikkim, Himachal Pradesh, Assam, Meghalaya, and Arunachal Pradesh).

The said threshold limit will be effective from 1st April 2019. Earlier the threshold limit for GST registration was Rs. 10 lakhs for businesses in the North-Eastern States and Rs. 20 lakhs for all other states.

Mandatory conditions for GST registration in India

If you fall under any of the criteria described below, then you should get the GST registration for sure.

1. If the aggregate turnover of the taxpayer exceeds Rs. 40 lakhs, then GST registration is obligatory. However, in some instances (North-Eastern states), the limit of aggregate turnover is Rs. 20 lakhs. Entities under these threshold limits are exempted from paying taxes.
2. If you are running an e-commerce business, then also GST registration is mandatory. Please note that there’s no threshold limit for e-commerce service providers.
3. Every individual or business registered under the Pre-GST law such as VAT, Service Tax, Excise, etc. are also eligible for GST registration.
4. Every Casual taxable person or non-resident taxable person.
5. A person who supplies online information and retrieval services or database access from a foreign country to a person in India, unless the person is a registered taxable person.
6. In case, you are an Input service distributor and agent of a supplier.

Documents required for GST registration

Documents are one of the essential prerequisites for every legal permits and license. Therefore, you must know what documents you will require while applying for GST registration. Documents needed for GST registration procedure are as follows:

1. PAN of the applicant or taxpayer;
2. Photographs of all the directors, partners, and owners;
3. Proof of registration of business such as Certificate of Incorporation;
4. Partnership deed, in case the company is LLP or Partnership Firm;
5. Identity proof of all the promoters of the business;
6. Identity proof of all the directors, promoters, and shareholder;
7. Address proof of the registered business location;
8. Details of the bank accounts of the business;
9. Letter of Authorization from the Board of Directors or Partners.

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Apply for GST Registration, So visit at GST Registration Online in India.

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