GST Registration

What is GST Registration?

GST (Goods and Services Tax) registration is a mandatory process for businesses in India that meet the turnover criteria set by the government. GST simplifies taxation by integrating multiple indirect taxes into a single framework, ensuring compliance and smooth business operations.

Benefits of GST Registration

  • Legally Recognized Business: Obtaining GST registration gives legal recognition to your business and enables seamless operations across India.
  • Input Tax Credit (ITC): Businesses can claim ITC on purchases, reducing their overall tax burden.
  • Ease of Compliance: GST simplifies the tax filing process through an online portal, reducing paperwork.
  • Facilitates E-Commerce: Mandatory for businesses selling online through platforms like Amazon, Flipkart, and their websites.
  • Competitive Edge: Enhances business credibility and trustworthiness among customers and suppliers.

Who Needs GST Registration?

GST registration is compulsory for:

  1. Businesses with annual turnover exceeding 40 lakh (10 lakh for special category states).
  2. E-commerce sellers or aggregators.
  3. Interstate businesses (selling goods or services outside their state).
  4. Casual taxable persons (e.g., businesses operating seasonal or temporary stalls/events).
  5. Input Service Distributors (ISD) and agents.
  6. Reverse charge mechanism (RCM) entities.
  7. Non-resident taxable persons (NRTPs) operating in India.

Documents Required for GST Registration

For Proprietorship Firm

  • PAN Card of the owner
  • Aadhaar Card
  • Business address proof (Electricity bill, rent agreement, etc.)
  • Bank account details (Cancelled cheque or bank statement)

For Partnership Firm

  • PAN Card of firm and partners
  • Aadhaar & Address proof of partners
  • Partnership deed
  • Business address proof
  • Bank account details

For Private Limited Company / LLP

  • PAN of the company
  • Certificate of Incorporation
  • MOA & AOA / LLP Agreement
  • Address proof of business
  • Director's Aadhaar, PAN & Photograph
  • Bank details

GST Registration Process

  1. Visit the GST Portal - Go to GST Official Portal.
  2. Fill Part A of Form GST REG-01 - Provide PAN, mobile number, and email ID.
  3. Receive OTP Verification - Enter OTP received on registered mobile/email.
  4. Submit Business Details - Business name, type, turnover, and additional details.
  5. Upload Required Documents - Submit identity, address, and bank details.
  6. Receive ARN (Application Reference Number) - Track status online.
  7. Get GST Certificate - Upon approval, download your GST registration certificate from the portal.

Types of GST Registration

  • Regular GST Registration: For businesses exceeding turnover limits.
  • Composition Scheme: For small businesses (turnover under 1.5 crores) with reduced tax rates.
  • Casual Registration: For seasonal businesses or temporary trade events.
  • Non-Resident Registration: For foreign entities doing business in India.

GST Return Filing

Once registered, businesses must file GST returns periodically:

  • GSTR-1 : Monthly/quarterly for outward supplies.
  • GSTR-3B : Monthly summary return.
  • GSTR-9 : Annual return for businesses.
  • GSTR-4 : For composition scheme taxpayers.
 
     
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