WHAT IS THE GST REGISTRATION PROCEDURE

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GST REGISTRATION PROCEDURE

The taxation system for goods and services in India is defined by a cascading tax structure which leads to slower economic growth. To remove this problem, a uniform and a simple tax system like GST (Goods and Service Tax) is needed to unite the nation. The main expectation from this is to abolish all indirect taxes and only GST would be levied. GST is levied both on goods and services. The GST system starts across India on 01 April 2017.

WHO NEEDS GST REGISTRATION?

  • If any business has an annual turnover of more than 40 Lakhs Per Annum (10 Lakh for the North Eastern States)
  • If there is any interstate transaction
  • If Business is already registered under VAT, Excise Laws, Service Tax Laws
  • If you have E-commerce/online business
  • If you have an export business

DOCUMENTS REQUIRED FOR GST REGISTRATION?

FOR PROPRIETORSHIP- 

  • PAN card of the owner
  • Aadhar card of the owner
  • Photograph of the owner
  • Electricity bill of the premises

FOR PARTNERSHIP/ PRIVATE LIMITED COMPANY

  • PAN card of the company/ partnership
  • PAN card of the Director/ partner
  • Aadhar card of the Director/ partner
  • Photograph of the Director/ partner
  • Electricity bill of the premises
  • Partnership Deed/ Certificate of Incorporation
  • Letter of Authorization

WHAT IS THE REGISTRATION PROCEDURE FOR GST?

Goods & Service Tax registration is an online process through a portal maintained by the Government of India

The applicant will need to submit his PAN, mobile number and email address in Part A of Form GSTR–01 on the GSTN portal or through Facilitation center (notified by the board or commissioner).

The PAN is verified on the GST Portal. One-time password (OTP) is received on the registered Mobile number and E-mail address for verification. Once the verification is complete, the applicant will receive an application reference number (ARN) on the registered mobile number and via E-mail. An acknowledgment should be issued to the applicant in FORM GSTR-02 electronically.

Applicant needs to fill Part- B of Form Goods & Service Tax REG-01 and specify the application reference number. Then the form can be submitted after attaching all the required documents.

If additional information is required, Form GSTR-03 will be issued. Applicant needs to respond in Form Goods & Service Tax REG-04 with required information within 7 working days from the date of receipt of Form Goods & Service Tax REG-03.

If you have provided all required information via Form Goods & Service Tax REG-01 or Form Goods & Service Tax REG-04, the registration certificate in Form GST REG –06 will be issued to the applicant.

The whole GST registration process takes around 7-8 working days.

GOODS & SERVICE TAX REGISTRATION FEES

We at CAONWEB provide services of online GST registration, you can contact our team of professionals for any query related to this. The prices for GST registration starts with Rs. 2000/-

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About caonwebteam

With an experience of registering more than 500 companies and being counted as one of the top consultants recognised by India Excellence Award 2017, CA ON WEB PVT. LTD. is one of the most trusted legal consulting companies in India. We are most trusted company for Cross-border business.With some best industry experts working for us, we are trusted by well-known companies like Alibaba, Club Factory, Krazybee in China and recently Partnered with PayTM in India.
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