GST registration in India: A full guide

Goods and Services Tax (GST) is an integrated indirect tax regime that has been introduced to make the taxation process easier in India. GST was launched on 1 July 2017, and has changed several indirect taxes, starting uniformity and transparency in the tax system. GST registration is necessary for businesses to avail and use various benefits.

What is GST registration?

GST registration is a process by which a business receives a specific Goods and Services Tax number (GSTIN) from the taxation officers. Officers require a number of 15 digits for the collection and payment of GST and taking input tax credit.

Who is Required to Register for GST?

GST registration is required for:

• Businesses with a turnover above ?40 lakhs (?20 lakhs for special category states).
• Individuals who make interstate taxable supplies.
• Casual taxable persons or non-resident taxable persons.
• Tax Advisory Services
• Agents of a supplier.
• Input service distributors.
• E-commerce operators or aggregators.
• Persons supplying goods or services through e-commerce operators.
• Any other person notified by the government.

Advantages of GST Registration

• Legal Acceptance: Registered companies are accepted as valid suppliers.
• Input Tax Credit: Companies can recover the tax incurred on purchases.
• Interstate Sales: Allows smooth interstate sales without any limitations.
• Participation in E-commerce: Compulsory for selling through online platforms.
• Competitive Edge: Increases credibility among suppliers and customers.

Documents Needed for GST Registration

The documents needed differ depending on the business type:

For Sole Proprietorship:

• PAN card of the owner.
• Aadhaar card.
• Bank account information.
• Business place address proof.

For Partnership Firm:

• PAN cards of all partners.
• Partnership deed.
• Address proof of the partners.
• Bank account information.
• Business place address proof

For a Private Limited Company:

• Certificate of Incorporation.
• Company PAN card.
• Articles of Association (AOA) and Memorandum of Association (MOA).
• Directors' PAN and Aadhaar cards.
• Bank account details.
• Business place address proof.

A digital signature certificate (DSC) and a letter of authorization or board resolution for the authorized signatory are also needed.

Step-by-Step GST Registration Process

• Go to the GST Portal: Open the official GST portal at www.gst.gov.in.
• Create a TRN: Go to 'Services' > 'Registration' > 'New Registration'. Enter the details that are required to get a Temporary Reference Number (TRN).
• Submit the Application: Log in with the TRN, enter the application form, and upload the documents.
• Verification: The application is verified by the GST officer.
• GSTIN Issuance: Once the verification is successfully completed, a GSTIN is allotted, and the registration certificate can be downloaded from the portal.

GST Registration Services by Goyal Natiya & Associates

Goyal Natiya & Associates, a trusted Chartered Accountant firm, provides end-to-end GST registration services. Their professional guidance makes the registration process seamless, including:

• Support in document preparation and submission.
• Guidance on choosing the right GST scheme.
• Help in receiving the GSTIN and registration certificate.
• Post-registration compliance and advisory services.