Goods and Services Tax (GST) registration is a crucial step for anyone supplying goods or services in India. If your goods’ aggregate value surpasses Rs. 40 Lakh or Rs. 20 Lakh for special category states, GST registration becomes mandatory. The Ministry of Finance (MoF) has streamlined the registration process to simplify tax filing. In this article, we will explore the eligibility criteria for obtaining GST registration. Additionally, we’ll delve into the necessary documents and provide a step-by-step guide for completing the GST registration process online.
Eligibility Criteria for GST Registration
Understanding who needs to register for GST. The advance tax payment involves key categories:
- If you provide services and your yearly service value exceeds Rs. 20 Lakhs (or Rs. 10 lakhs in special category states), or if you exclusively supply goods and cross Rs. 40 lakhs in turnover, GST registration is a must.
- Any entity involved in inter-state goods supply, regardless of turnover, needs GST registration. For inter-state service providers, registration is required only if annual turnover exceeds Rs. 20 lakhs (or Rs. 10 lakhs in special category states).
- Individuals selling goods or services on e-commerce platforms like Flipkart or Amazon must register for GST, irrespective of their turnover.
- If you occasionally supply goods or services through a temporary stall or shop, GST registration is necessary, regardless of your annual turnover.
- Entities can voluntarily obtain GST registration. Unlike before, voluntary registration can now be surrendered by the applicant at any time, providing more flexibility.
Documents Required for GST Registration
When it comes to GST registration, ensuring you have the right documents in place is crucial. Here we have the specific documents required for GST registration:
Sole Proprietor / Individual
– PAN card of the owner
– Aadhar card of the owner
– Photograph of the owner (JPEG format, max size – 100 KB)
– Bank account details
– Address proof
Partnership Firm / LLP
– PAN card of all partners (including managing partner and authorised signatory)
– Copy of partnership deed
– Photograph of all partners and authorised signatories (JPEG format, max size – 100 KB)
– Address proof of partners (Passport, driving licence, Voter’s identity card, Aadhar card, etc.)
– Aadhar card of authorised signatory
– Proof of appointment of authorised signatory
– In the case of LLP, registration certificate / Board resolution of LLP
– Bank account details
– Address proof of principal place of business
HUF (Hindu Undivided Family)
– PAN card of HUF
– PAN card and Aadhar card of Karta
– Photograph of the owner (JPEG format, max size – 100 KB)
– Bank account details
– Address proof of principal place of business
Company (Public/ Private/ Indian/ Foreign)
– PAN card of the Company
– Certificate of incorporation given by the Ministry of Corporate Affairs
– Memorandum of Association / Articles of Association
– PAN card and Aadhar card of authorised signatory. The authorised signatory must be an Indian, even in the case of foreign companies/branch registration
– PAN card and address proof of all directors of the Company
– Photograph of all directors and authorised signatory (JPEG format, max size – 100 KB)
– Board resolution appointing authorised signatory / Any other proof of appointment of authorised signatory (JPEG format / PDF format, max size – 100 KB)
– Bank account details
– Address proof of principal place of business
Ensuring you have these documents readily available will streamline the GST registration process.
Online GST Registration: Easy Steps
Follow these steps for a hassle-free GST registration process.
- Go to https://www.gst.gov.in
- Click ‘Register Now’ under the ‘Services’ tab
- Select ‘Taxpayer’ from the drop-down
- Choose state and district
- Enter business name, PAN, email, and mobile
- Verify with OTP and note the Temporary Reference Number (TRN)
- Return to the GST portal
- Click ‘Register’ under ‘Services’
- Select ‘TRN,’ enter TRN and captcha, then proceed
- Verify with OTP and edit details if needed
- Submit photos, business address proof, bank details, authorisation form, and taxpayer constitution.
- Move to the next step after document submission
- Visit the ‘Verification’ page
- Check the declaration
- Submit using Electronic Verification Code (EVC) or Digital Signature Certificate (DSC) for companies.
- Receive Application Reference Number (ARN) on success
- Verify the ARN status on the GST portal
Conclusion
GST registration is a crucial step for anyone involved in supplying goods or services in India. The government has made the process simpler and more streamlined, allowing businesses to register online with ease. By following the eligibility criteria, having the necessary documents in place, and following the step-by-step guide, businesses can complete the GST registration process without any hassle. It is essential to ensure compliance with GST regulations to avoid any penalties or legal consequences.