Goods and Service Tax (GST) is the tax levied by the central government and state government together to enclose most of the taxes like Excise Duty, VAT, Service tax, entry tax and even the customs duty.
As GST bill is passed in parliament, it become essential to understand the registration procedure under GST. Now even the existing dealer also need to apply for the GST registration online.
Who all are liable to register under GST?
Everyone who are supplying goods or services for more than 20 Lakhs, are liable to register under GST.
When to register under the GST?
You are required to register under the GST within 30 days from the date you become liable to register.Input service distributor register in the previous law is not required to re-register if he follows the procedure prescribed. Also, the person who are having existing service tax or VAT registration they are also required to follow the procedure for migration of the VAT or service tax registration to GST registration.
Documents required for registration
All documents need to be filed electronically with a digital signature or electronic signature.
- PAN card of the Company, partnership firm, Karta etc.
- Proof of constitution like partnership deed, Memorandum of Association (MOA) /Articles of Association (AOA) and registration certificate.
- Bank account details including name of account holder, MICR code, IFSC code and bank branch details
- Details and proof of place of business like rent agreement copy or electricity bill
- Photograph of the person in charge like of Karta in HUF and partners in partnership firm or MD in the case of company.
- Authorized signatory like List of partners with their identity and address proof in case of partnership firm or List of directors with their identity and address proof in case of company.
Procedure for GST Registration
- The applicant will need to submit his PAN, mobile number and email address in Part A of Form GST REG–01 on the GSTN portal or through Facilitation centre (notified by board or commissioner).
- All submitted papers are verified by the proper officer and after verification of the details, the applicant will be given an application reference number which will be communicated to the applicant through the mobile no and email address provided. Once all these are complete, an acknowledgement should be issued to the applicant in FORM GST REG-02 electronically.
- The application will be given toa proper officer who will examine the application as well as the documents submitted. If they are without any defect, then Certificate of registration should be granted within 3 working days from date of submission of application. After that applicant needs to fill Part- B of Form GST REG-01 and specify the application reference number. Then the form can be submitted after attaching required documents.
- If any defect is found during inspection, then the officer will convey it to the applicant in Form GST REG-03. The applicant is required to correct all defects within seven working days from the date of receipt of such defect in Form GST REG–04. If documents are not furnished within stipulated time, then it can be rejected under Form GST REG–05.
- The registration certificate in Form GST REG –06 will be issued to the applicant for the principal place of business as well as for every additional place of business. If the person has multiple business verticals within a state, he can file a separate application for the registration in Form GST REG-01 for each business verticals.
- The applicant who is required to deduct TDS or collect TCS need to submit an application in Form GST REG – 07 for registration. If he is not liable to deduct or collect tax at source, then the officer may cancel the registration and communicate the cancel of registration.
- Every person has to obtain Unique Identity Number (UIN) under section 19(6) and submit an application in Form GST REG–09. Then the proper office will issue UIN as well as a certificate in Form GST REG–06 within 3 working days from submission of application.
- Every registered person has to display his certificate of registration and GST Identification Number (GSTIN) in its name board.
Advantages
Registration under Goods and Service Tax (GST) regime will confer numerous advantages to the business:
- Supplier become legally recognized.
- Proper accounting of taxes paid on the input goods or services which can be utilized for payment of GST due on supply of goods or services or both by the business.
- He becomes legally authorized to collect tax from his purchasers and pass on the credit of the taxes paid on the goods or services supplied to purchasers or recipients.
To apply for GST Registration click here.
OUR SERVICES
Company Registration I Trademark I Copyright I Patent I GST I MSME
ISO Certification I Website/App Policy I Legal Documentation
Annual Compliance I Connect Consultant
Visit: Aapka Consultant to get Online Services of CA CS & Lawyers
