GST Registration 2021
Goods and Services Tax (GST) is a single indirect tax which subsumed multiple indirect taxes and is levied on all goods and service in the country and is charged at the point of consumption. The tax is divided into five slabs which are collected based on the product. This tax operates in a multi-staged manner from the production process. But to avoid tax on tax and double taxation, refunds are provided in stages to stakeholders other than the consumers.
GST registration is a crucial process for firms, as that is the stepping stone of the GST filing and refund processes.
GST Registration Eligibility
- A business or a firm needs to get GST registration done is their turnover exceeds Rs. 20,00,000 in a given financial year.
- Or, over 10,00,000 if the business is primarily located in a special category state. (Arunachal Pradesh, Assam, Jammu & Kashmir, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura, Himachal Pradesh, Uttarakhand)
- A GST registration applies to a business in a particular state, so a person having multiple businesses in multiple states needs to get a separate registration done for each of his business that exceeds the above-mentioned amount.
- The following are liable for mandatory registration irrespective of turnover (S. 24 of the GST act)
- Persons making any inter-State taxable supply; (Ex. From Bombay to Hyderabad)
- Casual taxable persons making taxable supply;
- Persons who are required to pay tax under reverse charge;
- The Person who are required to pay tax under sub-section (5) of section 9- pertains to e-commerce operator who is asked to pay by an act of the GST council;
- Non-resident taxable persons making taxable supply;
- Persons who are required to deduct tax at the source;
- Persons who make taxable supply of goods or services or both on behalf of other taxable persons whether as an agent or otherwise;
- Input Service Distributor, whether or not separately registered under this Act;
- Persons who supply goods or services through such electronic commerce operator
- Every electronic commerce operator; (Ex.Amazon)
- Every person supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered person;
- Any person or class of persons as may be notified by the Government on the recommendations of the Council.
GST Registration Process
- Every applicant will require a PAN issued under the Income-tax Act. Exception: a non-resident can use other prescribed documents given in the Act .
- The GST REG-01 form is available on the GSTN Portal (www.gst.gov.in). the applicant needs to fill Part A of the form and submit his PAN, email and the requisite phone number.
- The portal verifies all three particulars (PAN, Phone &email) and after such verification, there will be an acknowledgment given in the second form – GST REG-02 that the three particulars are authenticated. After this,an ARN is sent to the email and phone number provided.
- The next step is to submit the Part B of Form GST REG-01 with the required documents where the applicant will also need to specify the application reference number (ARN) received in the previous stage. This will need to be given with DSC or E-Signature.
- Form GST REG-03 will be issued for any other additional information that is required.
- If everything is provided and authentication, Form GST REG-06 will issue a GST registration certificate for the principal place of the business as well and for every additional place of business specified in 3 working days.
- But in case of any inconsistencies or errors, it will be rejected through GST REG-05.
- The applicant who is required to deduct TDS or collect TCS shall, however, submit an application in Form GST REG-07 for registration.
- Non-resident taxable person
- A non-resident can electronically submit an application, along with a valid passport, in FORM GST REG-09, 5 days before the commencement of the business.
- He will be issued a temporary reference number after depositing tax in advance.
- The application for registration has to be signed by an Indian resident with a valid PAN card who is his authorized signatory.
There is no GST Registration Fee.
- PAN of the Applicant
- Proof of business registration or Incorporation certificate ( MOA) or Partnership agreement (Depend on the type of business)
- Identity and Address proof of Promoters/Director with Photographs (their PAN or Aadhar)
- Address proof of the place of business (bill or rent agreement )
- Bank Account statement/Cancelled cheque
- Letter of Authorization/Board Resolution from Authorized Signatory
- Digital signature
- How to cancel GST registration?
It is possible to cancel your GST registration for various reasons like closing business, not dealing with goods and services, etc. It can be done by a tax officer or taxpayer if the turnover is below the specified level or by the legal heirs in case of death of the taxpayer.
FORM GST REG-29 can be submitted at the common portal to request for cancellation.
- How to download the GST registration certificate?
The registration certificate is available for downloading only on the GST Portal used to apply for the registration, the govt doesn’t issue a physical copy. It can be downloaded from the User services section of the portal.
- Is GST registration mandatory?
Check the eligibility sub-heading.
- How to check GST registration?
The GSTIN number issued can be checked on the common portal.
- How to change the trade name in GST registration?
We Can Change Any Details by submitting the GST REG- 14 on the Common Portal.
- How to reactivate canceled GST registration?
A form for revocation will need to file within 30 days of asking for cancellation.
Once the registration is cancelled it cant be revoked, then it can be done only by authorities.