Easy Procedure for Online GST Registration
GST stands for goods and services tax that incorporate all taxes such as sales tax, service tax, excise duty etc into a single form of tax. It is always advisable to opt for the GST registration to get the Input tax credit on purchases.
Taxes imposed under GST, vary according to the goods and services you provide. The government has a predefined tax rate that can be used as a reference to check the amount of tax you may have to pay in future.
It takes around 2-6 working days for the GST registration procedure to complete. Swarit advisors are helping a number of clients on an everyday basis to get their GST registrations; if you are someone who is looking for the GST registration don’t forget to contact Swarit advisors.
What is the procedure of GST registration?- You need to visit the web portal of GST and click on the tab Registration
- Then you will be asked to provide the PAN information, mobile number, e-mail id, and state; that would be the part A of the Form GST REG-01
- Once you have filled this information, a temporary reference number will be generated on the verification of the OTP sent to your mobile
- Further, you will move to the part B of form GST REG-01 that has to be duly signed by the digital signatures (DSC) and will ask you to upload the documents required for the GST registration
- GST REG-02 basically generates the acknowledgment
- If there is any additional information required from your side that will be asked in the form GST REG-03. You will have the time period of 7 days to produce the information or documents before the department inform GST REG-04
- Form GST REG-05 signifies the rejection (in case of any error) of GST application
- On close inspection of the
- PAN card of the owner, directors, or partners
- For the address proof of the business place you need to provide a bill of electricity/ telephone bill, rent agreement, letter of consent (NOC)
- MOA/ AOA or partnership deed
- Letter of authorization for signatory
- Bank statement / canceled cheque
- Aadhar card of the owners/ directors/ partners
- GST registration gives you the authority of collecting taxes from the customers and passes on the credits
- Input tax credit of taxes paid to the suppliers can be claimed and can be used to a payment of taxes due
- It removes the multiple hands involved in the earlier taxation process and promotes the motive one nation one tax.
Swarit advisors have a team of professionals that can help to get your GST registration done with just a single phone call. Please do contact us at swarit advisors for more information.