GST Registration in India: Meaning, Process, Document Required

Introduction

With the presentation of Goods and Service Tax (GST) in India, beginning from first July 2017, this expense reorganization has made a solitary national market, regular duty base, and basic assessment laws over the Center and the State. Falling Mitigation highlight of GST gives the Input Tax Credit at each phase of supply for the assessment paid before. Broad utilization of Information Technology through GSTIN has prompted more noteworthy straight forwardness in tax collection.

GST has supported the import-trade business by making greater work, which has prompted an expansion in GDP and in general significant monetary advancement. GST is an aberrant duty that supplanted different roundabout duties forced before, for example, Central State Tax, Excise, VAT, Service charge, and so on. GST rules for registration and other comparable laws have been affirmed by the GST chamber and are set in the open area.

GST Registration Process

Following is the Step by Step Process for Online GST Registration:

● Visit the official site of GST online https://reg.gst.gov.in/registration/

● Select the alternative "Administrations" from the menu and pick the choice of "Registration" starting from the drop menu.

● Select the class of registration and pick "New Registration"

● Fill the structure by choosing a class from the down menu, for example, citizen (on account of a sole owner), charge deductor, charge authority, and so on. Further total the subtleties, for example, state, region, Legal Name as referenced in the PAN, PAN number, Email id, and contact number (For OTP and login certification).

● Once the structure is finished, click on "Continue" to create the TRN (Temporary Reference Number) by finishing the OTP approval. OTP stays substantial for 10 minutes and the candidate needs to finish the approval by entering two separate OTP got on mail id and portable number.

● After approval is finished, TRN (Temporary Reference Number) is created online and is gotten on the enlisted mail id that can be utilized to Login and complete the GST registration application.

● Login with created TRN and enter the captcha content, as appeared on the screen. OTP is created each time the candidate login the entrance. Continue by entering an OTP to the following entrance.

● 10 phase of the registration process must be finished for GST registration. Following are the phases of GST registration:

1.      Business Details: Complete the business subtleties by entering all the required fields, for example, Constitution of business, Commissionerate Code, Division Code, Range Code, motivation to acquire the registration, date of beginning of business, and so forth.

2.      Promoter/Partner Information: Complete the subtleties of the proprietor, for example, name, father's name, DOB, Email id, Mobile Number, Residential location. Transfer the visa size photo of the proprietor in JPG configuration of size up to 1MB

3.      Authorized Signatory: Complete this data by naming the approved individual who will be answerable for GST registration, have total access to the GST gateway, and will be liable for undertaking a wide scope of exchanges.

4.      Principal Place of Business: Details of the chief spot of business must be given, which will be the essential area for tasks in the business. Complete the important subtleties and transfer the narrative proof of the chief spot of business such, as power bill in PDF position up to 1MB.

5.      Additional Place of Business: Enter the subtleties in this tab on the off chance that a candidate has any extra spot of business.

6.      Details of Goods and Services: Provide the main 5 classes of products or administrations gave by the sole owner. This rundown is demonstrative and the candidate isn't confined up to these merchandise.

7.      Bank Details: give the subtleties of the bank, for example, account number, bank name, IFSC code, and so on, up to a limit of 5 financial balances.

8.      Verification of use: total the GST registration application by checking the application through carefully marking it utilizing Digital Signature Certificate (DSC) of the approved signatory.

9.      Within 15 minutes of finishing the confirmation, affirmation is gotten on enrolled mail id and telephone number. ARN (Application Reference Number) is created on enlisted mail id that can be utilized to follow the status of the GST registration application.

10.  After an authority affirms the application, the GST declaration is gotten on mail id with the GST Number and different subtleties of the business.

Documentation

Following documents are required for GST Registration:

● PAN card and Aadhar card of the sole proprietor

● Email id and mobile number of the Sole Proprietor.

● Address proof of principal place of business.

● An updated copy of the passbook for bank details.

● Passport size photograph

● Digital Signature Certificate (DSC) of an authorized signatory.

Conclusion

GST registration is obligatory on the off chance that any individual or element is giving an assessable stockpile of products or administrations with a yearly total turnover of more than Rs.20 Lakhs (Which is diminished to 10 Lakhs in instances of Assam, Nagaland, Manipur, and so forth.). Additionally, if any business substance embraces between state supply of merchandise or benefits or has a current VAT, Service Tax or focal extract registration, they should acquire GST Registration.