GST Registration Process for New Business in India

Apply for GST Registration Online

Any person carrying on the business in India is liable to pay tax in the form of Goods and Service Tax (GST). A person engaged in trading and commerce, including carrying any economic activity is treated to be taxable and comes within the ambit of the tax regime.

Therefore any person such as, Company, LLP, partnership, proprietorship, HUF, association of persons, body corporate registered under foreign law, co-operative society local authority, government company, trust and artificial jurisdiction person engaged in any business or economic activities and having specified amount of turnover is liable to get GST Registration for its business in India.

Who shall get GST Registration in India?

Following entities and business shall get registered under GST mandatorily.

· Every entity engaged in the business of sale and purchase of goods and services having a turnover of INR 40 Lakhs or more and INR 20 Lakhs or more (for hill station and northeastern areas) with effect from 1st April 2019.

· Every person registered under the laws prevail pre-tax regime, i.e., Excise, VAT, Service tax, etc

· Any registered business is transferred or demerged with other entity; such transferee shall take GST registration from the date of transfer

· Any entity engaged in inter-state supply of Goods and Services

· A casual taxable person who doesn’t have any principal business place and supplies goods or services to a territory in which GST applies.

· If any non-resident supplies goods or services to a place where GST is applicable and has not fixed the place of business is treated a non-resident taxable person under GST.

The Process to Obtain a GST Registration Certificate

Following is the procedure in brief for getting registered under GST:

· Apply online through GST official website https://www.gst.gov.in and apply by using PAN, Email Id and Contact Number of applicant

· Once the application is submitted, ARN Number is generated by sending the same on the mobile number, and email id of the applicant and the same shall be saved for future reference and log in.

· Login using ARN and complete the registration by attaching necessary documents.

· Once the application is submitted, GST certificate is allotted within 10–15 days on email-id registered with GST portal

Documents Required:

a) For Sole Proprietorship:

· PAN and Aadhar of owner

· Passport size photograph

· Bank details

· Proof of premise such as electricity bill/NOC/rent agreement

b) For Partnership/LLP

· PAN, Aadhar, Passport size photograph of all the partners.

· Bank details

· Proof of premise such as electricity bill/NOC/rent agreement

· Registration certificate of LLP

· Board resolution

c) For private/public/OPC

· PAN of the company

· COI

· PAN and Aadhar of every director

· Bank statement of the company

· Proof of principal place of business

· Board Resolution for the appointment of authorized signatory

d) For HUF

· PAN of Karta

· Id proof and Aadhar of Karta

· Address Proof of the principal place of business

Key-points of GST Registration in India

Following are the key-points for GST registration depending upon the type of taxable person:

· Every business shall apply to the respective state where he is situated within 30 days of GST applicability on him.

· A casual taxable person and the non-resident taxpayer shall apply at least 5 days before the commencement of business.

· GST registration is PAN based and thus is the mandatory requirement for applying GST Registration Certificate

· GST certificate must be different for every unit operating in a different state. GST is region-specific registration.

Threshold Limit of GST Registration

The threshold limit has been increased with effect from 1st April 2019 to INR 40 Lakhs (INR 20 for North Eats and hill station) before it was INR 20 Lakhs (INR 10 Lakhs for NE & Hill stations). Every business entity that supply of aggregate turnover exceeding INR 40 Lakhs for the financial year 2019–20 shall get its self compulsorily registered.

However, following category of a business entity shall get itself registered on a mandatory basis irrespective of its turnover:

· Inter-state supplier

· Casual taxable person

· Non-resident taxable person

· Entities taxable under reverse charge mechanism

· Input service distributor

· Agent or principal selling on behalf of the third party

· E-commerce operators

· Online service providers are providing services to the non-registered entity from outside India.

In case you need any help with GST Registration for any type of business entity, Contact us.