GST or Goods and Services Tax is the new tax regime being followed in India. Under this new tax regime, every business or individual that provides goods and services needs to register itself with GST.

So, if you too provide goods and services and have an annual turnover of more than Rs. 20 lakhs, you require GST registration in India.

After you register for GST, you will receive a GST registration number – GSTIN (Goods and Services Tax Identification Number). It is a 15-digit number that is issued by the Central Government, state-wise.

The advantages of GST registration are manifold; one of the biggest ones is that you will get a legal identity as a business owner or supplier. Besides, you can also avail input tax credit and collect GST from your customers.

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Who is eligible to register under GST?

GST Registration must be completed by the following individuals and businesses:

  • Individuals who have registered under the tax services before the GST law came into effect.
  • Non-Resident Taxable Person and Casual Taxable Person
  • Individuals who pay tax under the reverse charge mechanism
  • All e-commerce aggregators
  • Businesses that have a turnover that exceeds Rs.40 lakh. In the case of Uttarakhand, Himachal Pradesh, Jammu & Kashmir, and North-Eastern states, the turnover of the business should exceed Rs.10 lakh
  • Input service distributors and agents of a supplier
  • Individuals who supply goods through an e-commerce aggregator
  • Individuals providing database access and online information from outside India to people who live in India other than those who are registered taxable persons.
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Key Facts about GST Registration

Some of the important points that you must know about GST registration are mentioned below:

  1. GST registration process requires no fees.
  2. In case businesses do not complete the registration process, 10% of the amount that is due or Rs.10,000 will be levied. In the case of tax evasion, 100% of the amount that is due will be levied as a penalty.
  3. Businesses having annual turnover of Rs.20 lakh and more must have GST registration.
  4. Businesses running in two different states must have different GST registration number.

GST Registration Documents List

The following are the documents you will require while filling the GST application:

  • PAN card
  • Voter ID/ Aadhar Card of the partner(s) or promoter(s)
  • Company incorporation certificate or partnership deed
  • Address proof of the company – rent or lease agreement, electricity bills, etc.
  • Digital Signature
  • Bank account statement of the business or individual

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GST Registration Process

It is very easy to register for GST through the online GST registration portal. Let’s take a look at the easy steps for GST registration process online:

  1. Visit the GST portal.
  2. Got to Services tab >> Registration >> New Registration.
  3. From the drop-down menu, select ‘taxpayer’.
  4. Next, select your UT and district from the drop-down menu.
  5. Fill the GST REG-01 form with details, such as the name of the business, email address, PAN card, and mobile number.
  6. Verify the information entered by entering OTP sent on the mobile number registered.
  7. After completing this process, move to Part B. You will receive a TRN – Temporary Reference Number, you need to note down the same.

GST Registration Process – PART – B

  1. Start Part B by logging in with the TRN and CAPTCHA code.
  2. Complete the OTP verification with the OPT send over registered email or mobile number. Next, you will be redirected to the registration page.
  3. Now, submit all the business information, like company name, PAN, state name, business commencement date, etc. You also need to mention all the existing registrations.
  4. Provide the details of the partners or promoters of the company. In case of proprietorship firm, submit the details of the proprietor. Also provide the personal details, such as designation, DIN, Aadhar number, and PAN.
  5. Submit the details of the person you want to authorise to file GST returns for your company.
  6. Add the principal business place, address, contact details, and other information required.
  7. Add details of the additional business places, goods and services details being produced or supplied, and the company bank account details.
  8. Upload the soft copies of all the documents.
  9. The last step is to click on save and continue. Notably, you need to sign the application digitally through DIN and then click on submit details.

After the submission of the application and documents, you will receive an ARN – Application reference Number via SMS or an email.

You can consider the same for future reference. Significantly, GST registration fees are nil, i.e. it is free of cost to register for GST.

Advantages of GST Registration

The main benefits of GST registration are mentioned below:

  • Big projects can be accepted from Multinational Corporations (MNCs).
    Can sell goods online.
  • Can sell products and services across PAN India.
  • GST registration shows your business is trustworthy.
  • Input tax credit can be availed when any goods or services are being purchased.
  • Can open current bank account using GSTIN.
  • The GSTIN helps in brand egagement.
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Frequently Asked Questions

How do I register for GST online?

Step-by-step Guide explaining GST Registration Process Online

Step 1: Go to the GST Portal.
Step 2: Generate a TRN by Completing OTP Validation.
Step 3: OTP Verification & TRN Generation.
Step 4: TRN Generated.
Step 5: Log in with TRN.
Step 6: Submit Business Information.
Step 7: Submit Promoter Information.

Can I do GST registration myself?

GST registration can be easily done on the online GST portal. Business owners can fill a form on the GST portal and submit the necessary documents for registration. Businesses must complete the GST registration process.

Is GST registration free?

GST registration is free. There is a 10% penalty on tax due if you don’t register for GST.

What are the documents required for GST registration?

The main documents for GST registration include a PAN card, proof of business registration, identity, photographs and address proof of persons in charge, the business’ address proof, and bank account statements.

Is GST required for small businesses?

However, any business whose turnover exceeds Rs 40 lakh in a financial year is required to register under GST.

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