GST Registration

GST Registration

Category  » Goods & Service Tax (GST)

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GST Registration

Introduction

Registration under GST is required if the aggregate turnover of a supplier of taxable goods or services in a financial year exceeds INR 20 lacs. However, in case the business is carried on in special category states such as Arunachal Pradesh, Assam, Jammu and Kashmir, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura, Himachal Pradesh and Uttarakhand, then the registration will have to be done on turnover exceeding INR 10 lacs.

Benefits of registration under GST

  1. Legal recognition as a supplier of Goods / Services;
  2.  Proper accounting of taxes paid on the input goods / services;
  3.  Input taxes can be utilised for payment of GST due on supply of goods /services or both;
  4.  Credit of the taxes paid on the goods and / or services supplied to purchasers or recipients can be passed on by the registrant.

Compulsory registration irrespective of threshold limit

  1. persons making any inter-State taxable supply of goods;
  2. casual taxable persons;
  3. persons who are required to pay tax under reverse charge;
  4. non-resident taxable persons;
  5. persons who are required to deduct tax under section 37;
  6. persons who supply goods and/or services on behalf of other registered taxable persons whether as an agent or otherwise;
  7. input service distributor;
  8. an aggregator who supplies services under his brand name or his trade name; and
  9. such other person or class of persons as may be notified by the Central Government or a State Government on the recommendations of the Council.

Information and documents required to enrol with GST

  1. Provisional ID received from State/ Central Authorities
  2. Password received from the State/ Central Authorities
  3. Valid E-mail Address
  4. Valid Mobile Number
  5. Bank Account Number
  6. Bank IFSC
  7. Proof of Constitution of Business -In case of Partnership firm: Partnership Deed; In case of Others: Registration Certificate of the Business Entity
  8. Photograph of Promoters/ Partners/ Karta of HUF
  9. Proof of Appointment of Authorized Signatory
  10. Photograph of Authorized Signatory
  11. Opening page of Bank Passbook containing  Account Number, Address of Branch,  Address of Account holder and few transaction details

Application process under GST

  1. Every person, other than a non-resident taxable person who wants to register under GST must provide his Permanent Account Number (PAN), mobile number and e-mail address in Part A of FORM GST REG-01
  2. The PAN shall be validated online via the Common Portal from the database maintained by the Central Board of Direct Taxes
  3. The mobile number is verified through a one-time password sent to the said mobile number.
  4. The e-mail address is verified through a separate one-time password sent to the said e-mail address.
  5. On successful verification of the PAN, mobile number and e-mail address, an application reference number (ARN) is generated and sent on the mobile number and email address provided.
  6. Using the application reference number or ARN generated Part B of FORM GST REG-01 has to be submitted. It must be signed and documents specified in the Form must be submitted at the Common Portal either directly or through a Facilitation Centre, notified by the Board.

Exemption from registration

Following persons are not liable for registration under the GST Act-

  1. Person supplying only exempted goods or services
  2. Agriculturist supplying production out of cultivation of land

 

Cancellation of Registration

Registration under GST Act can be cancelled under following circumstances:-

  1. the business is discontinued, transferred fully for any reason including death of proprietor, amalgamated with other legal entity, demerged or otherwise disposed of; or
  2. there is any change in the constitution of the business; or
  3.  the taxable person is no longer liable to be registered under Section 22
  4. the registered taxable person has contravened such provisions of the Act or the rules made there under as may be prescribed; or
  5.  a person paying tax under Composition Scheme has not furnished returns for three consecutive tax periods; or
  6.  any taxable person who has not furnished returns for a continuous period of six months; or
  7.  any person who has taken voluntary registration and has not commenced business within six months from the date of registration; or
  8. Where registration has been obtained by means of fraud, wilful misstatement or suppression of facts.

Note: The cancellation of registration under the CGST Act would mean cancellation of registration under the SGST Act and vice versa. Further, cancellation of registration has no effect on the tax liability of the person incurred prior to cancellation.

 

 

Key points to be remembered

  1. Every person who is liable to take a Registration will have to get registered separately for each of the States where he has a business operation and is liable to pay GST.
  2. Any person should take a Registration, within thirty days from the date on which he becomes liable to registration.
  3. A person having multiple business verticals in a State may obtain a separate registration for each business vertical. “Business vertical” means a distinguishable component of an enterprise that is engaged in supplying an individual product or service or a group of related products or services and that is subject to risks and returns that are different from those of other business verticals.
  4. Any person can voluntarily register under GST law and once registered, all the provisions of the law will apply to such person.

 

Detailed Information to be furnished while filling GST Registration form

1.Business details

  1. Legal name of the business
  2. PAN of entity to be registered
  3. Trade Name of business
  4. Constitution of Business
  5. State and district in which business is established
  6. Ward no, Commissionerate, Division, Range
  7. Reason to obtain registration
  8. Date of commencement of Business
  9. Registration No. of entity under respective statute(For e.g. CIN)
  10. Date of Registration

2.Promoter/Partner details

  1. First name, middle name, last name
  2. Father details:- First name, middle name, last name
  3. DOB, Mobile Number, Email Address, Gender
  4. Designation, DIN,  PAN, Aadhaar Number
  5. Residential Address
  6. Photo Attachment

3.Authorised Signatory details

  1. First name, middle name, last name
  2. Father details:- First name, middle name, last name
  3. DOB, Mobile Number, Email Address, Gender
  4. Designation, DIN,  PAN, Aadhaar Number
  5. Residential Address
  6. Photo Attachment
  7. Authorisation letter to be uploaded

4.Details of Principal Place of Business

  1. Address, Email ID, Phone Number
  2. Nature of possession of premises (Rented, owned, etc.)
  3. Documents to be uploaded (Utility bills, rent agreement, etc)
  4. Nature of Business Activity

5.Details of Goods / Commodities supplied by the business

6.Details of Services offered by the Business

7.Details of Bank Account

  1. Account Number
  2. Type of Account
  3. Bank IFSC
  4. Branch and Address of the Bank
  5. Attachment=Bank Statement

8.State Specific Information(if any)

  1. Professional Tax Employee Code (EC) No
  2. Professional Tax Registration Certificate (RC) No
  3. State Excise License No.
  4. Name of the person in whose name Excise Licence is held

9.Verification

  1. Name of Authorized Signatory
  2. Place
  3. Designation
  4. Date
  5. Submit with DSC

LATEST UPDATE IN THE THRESHOLD LIMIT FOR GST REGISTRATION

  1. As per 23rd GST Council Meet on 10th November 2017
    E-commerce sellers/aggregators need not register if total sales is less than Rs. 20 lakh – Notification No. 65/2017 – Central Tax dated 15.11.2017
  2. As per 22nd GST Council meeting of 6th October 2017
    Service providers providing inter-state services are exempted from registration if their annual turnover is below 20lakhs (10 lakhs for Special states. 20 lakhs for J&K)
  3. Notification No. 7/2017 – Integrated Tax dated 14th September 2017
    Job workers making inter-state supply of services to a registered person are exempted from registration if their turnover is below 20lakhs (10 lakhs for Special states)