GST Registration

GST Registration is a process for registering a taxpayer under GST Act. A 15-digit unique registration is provided by the Central Government after the successful registration is completed.

When a dealer or service provider who is eligible under GST has not registered then it can incur heavy penalties. Hence, it is necessary to register under the GST.

The person engaged in Inter-state supply has to be compulsorily registered irrespective of turnover. An applicant must first check the eligibility criteria of turnover, interstate business, or e-commerce business.

It provides benefits to the small businesses under MSMEs which are developing and reduces the burden of compliance.

GST Registration Process

A taxpayer willing to apply for registration can visit the GST official portal and fill in the details in the Registration form in Form GST REG-01. The registration process under GST is quick and completely free of charge. The registration process is given in the following steps:

Step 1: Visit the Registration portal of GST then click on the ‘services’ tab.

Step 2: Click on the ‘Registration’ option and then select the ‘New registration’ button.

Step 3: Enter the following details in Part A of the Registration form –

• After selecting the ‘New registration’ option
• I am a – then select taxpayer from the drop-down menu
• Select your State and District on the GST Registration Login
• Enter the business name and PAN of the business
• Enter the Phone number and email ID. In case, the contact number is linked with PAN, there is no need to enter the email address and phone number.
• You shall receive an OTP on the registered email ID and mobile no.
• Click on the ‘Proceed’ option

Step 4: Enter both the OTPs received on the given email address and mobile number. Click on ‘Continue’. In case you have not received the OTP then click on the ‘Resend OTP’ option.

Step 5: You will receive the 15-digit Temporary reference number (TRN). This will be sent to your email address and phone or PAN-linked and GST Registration details. You are required to fill in PART-B of the form within 15 days.

Step 6: Visit the official GST portal and then select the ‘New Registration’ tab.

Step 7: Enter the TRN and the captcha as shown on the screen and then click on the ‘Proceed’ option.

Step 8: You will be receiving an OTP on the registered mobile number or the PAN-linked details. Enter the OTP received and then click on Proceed option.

Step 9: You shall view the status of the application. Click on Edit Icon.

Following are the steps to fill PART-B of the application for GST Registration

Step 10: For filling out Part B you must have an application reference number and submit the required documents. Enter the Business Information, Member’s/Partner details, authorized signatory of the company, principal place of business. Enter Goods and services details like where the goods will be sold in which state; state information, Aadhar authentication and verification.

Step 11: Click on ‘Save and continue’. After the successful submission of the application, sign it digitally using DSC and the click on ‘Proceed’ button.

Step 12: After submission, you will receive an Application Reference Number (ARN) via email or SMS to confirm your registration under GST Act.

GST Registration Documents

The documents required for registration under GST Act are as follows:

• A copy of the PAN Card number of the applicant
• Copy of Bank statement of the applicant or firm
• Copy of Address Proof like electricity bill or ownership document
• Passport-size photograph of the applicant
• In case of Company, Copy of Certificate of Incorporation (COI) In case of partnership firm, Copy of the partnership deed

Registration Status of GST

The steps for checking the status having or without a GST login are as follows:

Step 1: Visit the GST Portal

Step 2: Click on ‘services’, and ‘Registration under GST’ and then click on the ‘Track your application status’ option.

Step 3: Enter the ARN received by you at the time of submission of registration at an e-mail ID. You can check GST Registration status by entering the captcha as shown on the device and then clicking on the ‘Search’ option.

Step 4: You shall receive any of this status on your screen; Provisional status, Pending Verification status, Validation against error status, migrated status and Cancelled status

Download GST Certificate

The GST certificate is downloaded with help of the following steps:

• Visit the GST Portal
• To download the certificate, ‘Login’ with entering the username and password credentials
• Enter the Captcha code as shown on the screen and click on the ‘login’ option.
• Click on ‘User services’ under the ‘services’ tab and then click on ‘View or download certificate’.
• Click on the ‘Download’ option to download the GST certificate which includes complete details of GST-related transactions.

New GST Registration Fees

The Registration fees are classified into two parts namely Government fees and professional fees. There are zero charges which means there are no charges on the government portal for registration. The professional charges are nominal with the accurate process and required documents with the professionals like CA, CS or GST consultancy. They help you in filing the form for registration. It is recommended to consult a professional as they help in:

• Authentic Process and Documentation in proper order and form
• Helps in voluntary registration, etc.
• Helps in selecting HSN codes for business
• Drafts a reply in case of any notice received by the government
• Drafts a reply in case of any notice received by the government
• Opening of a bank account with a GST certificate
• Advice on composition scheme for registration under GST.
• Choosing the AO code, state and central range, etc.

Penalty for Non-Compliance under GST

The taxpayer has to bear the penal provisions under GST which are as follows:

• For E-commerce Operators with a penalty of Rs. 10000 or tax amount whichever is higher for:
• An Unregistered person for selling goods or services or both
• Allowing a GST-registered person from supplying outside their registered state any goods or services which are incapable of doing
• Not filing GSTR-8 for information regarding the online sale.

Benefits of GST Registration Certificate

The following are the benefits of GST:

• Elimination of Cascading Tax Effect

GST is a type of indirect tax and is designed for the purpose of combining indirect taxes under a single umbrella. In simple terms, cascading tax effect means ‘Tax on Tax’.

• GST Regime

Earlier a consultancy will charge a service tax of 15% and buy for office expenses and under GST there is a single tax rate that is leviable to the supplies.

• Threshold Limit is Higher

In comparison to the earlier tax structure, the turnover limit is higher and gives an exemption to small dealers or taxpayers, or service providers.

• Small Business under Composition Scheme

Small businesses have to pay less tax with the Composition scheme and this also reduces the burden of compliance on taxpayers.

• Less Number of Compliances

There are four basic returns to be filed by taxpayers.