The Process of GST Registration in India has been provided below with detailed step by step procedure. GST or Goods and Service Tax is to come into effect in India from next fiscal year. There is also an online procedure to register for GST Online through your Mobile Number. Below, we have provided the Requirements to register for GST, Documents to be submitted to Register for GST and how to obtain the GST Registration Number there after. the Online GST Registratin can be done at gst.gov.in. First time GST Online Registration users, Please contact your VAT Department to get your Provisional ID and Password, if not received or lost. Also see GST Invoice Format.
GST Registration for existing Taxpayers of VAT, Service Tax, Central Excise
- Enroll yourself for smooth transition to GST
- Your provisional ID will come from your tax officer
- Update profile information and upload documents
- Enrolment is being taken up in a staggered manner
Steps for GST Provisional Registration
Step 1: Enter the Username (Provisional ID) and Password provided to you by your State VAT Authority.
Step 2: Enter Mobile Number and Email Address of the authorized signatory of the business entity All future correspondence from the GST portal will be sent on this registered Mobile Number and Email Address.
Step 3: Enter OTP sent on Mobile Number and Email Address provided by you.
Step 4: Enter information and upload scanned images as mentioned in provisional registration form.
Documents Required for GST Registration India
Companies, Partnership Firms and Sole Proprietorship businesses can apply for GST Registration in India.
GST Registration Company Requirements:
- Incorporation Certificate
- MOA & AOA
- A Board Resolution approving the application
- ID and Address Proofs of all the Directors
Documents for Partnership Firm GST Registration :
- COI of the Firm
- Firm Agreement Deed
- ID and Address Proofs of all the Partners
Documents for Sole Proprietorship GST Registration :
- Proprietor’s PAN
- ID and Address Proof of the Proprietor
GST Registration Requirements:
Any Assessee who has a taxable turnover of more than Rs.25 Lakhs need to register for GST in India. GST Registration can also be done with turnover less than Rs.25 Lakhs, voluntarily.
Deadline to Register for GST
An Assessee shall Register under GST in India With in 30 days from the Date of exceeding the taxable turnover of Rs.25 Lakhs as mentioned above.
GST Registration Online:
A Person has to submit Form GST-1 to Register for GST Online in India. Once the GST Registration Fee is paid online, take a print out of the Acknowledgement. Attach the above mentioned documents and send the Application to the Goods and Services Tax Department Head Office.
Key Features : GST Registration India
GST brings the power to make laws in respect of supplies in the course of inter-State trade or commerce will be vested only in the Union government. States will have the right to levy GST on intra-State transactions including on services.
Petroleum and petroleum products i.e. crude, high speed diesel, motor spirit, aviation turbine fuel and natural gas shall be subject to the GST on a date to be notified by the GST Council.
Noted Benefits : GST Registration India
GST beings in much awaited benefits and is going to boost the Indian Economy.
Lowering Taxes : GST Registration India
Currently, services are taxed at 10 per cent and the combined charge indirect taxes on most goods is around 20 per cent.
The combined GST rate is being discussed by government. The rate is expected around 14-16%.
Though talks of it going to 20 % have also come up. In fact, this reduced tax-rate under GST is what will lead to a change in the disposable income of the consumer and change their buying pattern.
Higher Revenues : GST Registration India
With cascading taxes gone under GST, over a period of time the lower tax burden would translate into lower prices for goods, which is of course, dependent on what the GST rate would be.
The GST is going to benefit the Business houses or even the small business entities. This will reduce the cost for all the business. The consumer will be going to loose with higher tax rates.
Conclusion : GST Registration
The GST Dept has provided a hassle free procedure for existing Tax Payers to register and convert to GST. The GST Registration website is already made available online. If you have any further questions regarding GST Registration Process in India and GST Online Registration, contact the author at email@example.com