The Central Government has mandated GST registration for all business with a turnover of more than Rs. 20 Lakhs per annum as well as other small scale aggregators and buyers. So you must complete the registration of your business under the GST council.
By doing so, you can avoid paying penalties and, at the same time, enjoy several benefits. However, if you are unsure about the registration steps, you can scroll through to get a step-by-step guide to complete your business registration.
Step-By-Step Guide for GST Registration in India
The steps for GST registration in India are as follows:
Step 1: Navigate to the official website of https://www.gst.gov.in/.
Step 2: Move to “Taxpayers” tab.
Step 3: Click “Register now” button.
Step 4: Select “New Registration” option.
Step 5: Fill out the essential details.
Step 6: Once done, enter the captcha.
Step 7: Click on “Proceed” button to move to the next page.
Step 8: Enter the OTP that you have received to verify your email ID and phone number.
Step 9: Click “Proceed” to obtain your Temporary Reference Number (TRN).
Step 10: Take note of the TRN for future use.
Step 11: Revisit the GST portal and move to “Taxpayers” tab.
Step 12: Click on “Register” button.
Step 13: Click on “Temporary Taxpayers Number (TRN)”.
Step 14: Enter the TRN number.
Step 15: Enter the captcha, which is case sensitive.
Step 16: Click on “Proceed” to move to the next page.
Step 17: Enter the OTP that you have received on your registered mobile number.
Step 18: Click “Proceed” to view the status of your GST application.
Step 19: Click on the “Edit” button and add all the essential details that are required.
Step 20: Move to the “Verification” page and tick the declaration checkbox.
Step 21: Complete the application by signing the form digitally or entering the Electronic Verification Code (EVC).
Step 22: Once completed, you will receive an Application Reference Number (ARN) on your registered mobile number as well as an email ID.
After you complete the process, a 15-digit Goods and Service Tax Identification Number (GSTIN) is generated. This number will make you eligible to get an exemption on GST. Also, it reflects under which tax slab the product or service you are selling lies so that you can know the GST rate of your product.
Documents Required for GST Registration
The documents required for online GST registration are as follows:
- Identity proof documents such as PAN card or Aadhaar card of all the directors, along with their address proof.
- Address proof documents of your business.
- Bank account statement.
- A cancelled cheque.
- A digital Signature Certificate (DSC).
- A duly signed Authorisation Letter from the board.
GST registration is mandatory for aggregators involved in selling services or goods and buyers purchasing them or hiring them.
Types of Entities Who Must Complete GST Registration
Below are some individuals and aggregators who must complete GST registration:
- Casual taxable people
- Non-resident taxable people
- Registered individuals under tax services prior to GST.
- Taxpayers under reverse charge mechanism.
- E-commerce aggregator portals and people selling products on them.
- Businesses with an annual turnover of more than Rs. 40 Lakhs.
- Supplier’s agents and input service distributors.
- Non-residents of India but provide information to Indian residents.
Once you have completed your registration, you must not forget to download the GST registration certificate once it is available.
Steps to Download GST Registration Certificate
Below are the steps to download the GST registration certificate:
Step 1: Navigate to https://www.gst.gov.in/.
Step 2: Log in with your credentials.
Step 3: Move to “Services” tab.
Step 4: Move to “User Services” tab.
Step 5: Click on “View/Download Certificates”.
Step 6: A new page appears where you will have to click on “Download.”
You can use this certificate in multiple instances. Additionally, it offers several advantages to sellers and aggregators across the country.
Advantages of GST Registration
Below are some significant advantages that a GST registration certificate offers to sellers:
- GST-registered establishments are eligible to sell goods both online and offline across the country.
- You can avail Input Tax Credit when buyers purchase or hire any goods or services.
- It is easier to open a current bank account for your venture using assistance from GSTIN.
- MNCs can trust GST-registered aggregators with big projects.
- GST registration number increases the brand value.
The registration process is entirely free of cost. However, if a seller does not complete GST registration, they will have to pay a penalty of 10% on the due amount to the Government.
So it would be best that you complete the registration process using the step-by-step guide to avoid paying the penalty. Additionally, you can keep all the documents ready before beginning with the registration to avoid errors in the application due to a last-minute rush.
