GST Registration Online: Eligibility, Documents, Registration Process, Advantages

gst registrationGST Registration Online: The Goods and Services Tax (GST), which started on July 1, 2017, is applicable to all Indian service providers (including freelancers), traders, and manufacturers. A variety of central taxes, such as service tax, excise duty, and CST, as well as state taxes such as entertainment tax, luxury tax, octroi, and VAT, have been combined into a single tax known as GST, which was implemented on 1.07.2017. (GST Registration Online) GST will be collected at each stage of the supply chain, with a full set-off available. GST is entirely electronic and requires no manual intervention.

GST Registration Online

A business with a turnover of more than Rs.40 lakh is required to register as a normal taxable entity under GST rules. This procedure is referred to as GST registration. For businesses operating in hill states and north-eastern states, the threshold is Rs.10 lakh. (GST Registration Online) GST registration can be completed in as little as six working days.

Each product passes through a number of stages along the supply chain, including purchasing, manufacturing, sale to a wholesaler, sale to a retailer, and finally, sale to the consumer. (GST Registration Online) Surprisingly, all three of these stages will be subject to GST. As an example, if a product is made in West Bengal and used in Uttar Pradesh, all of the money will go to Uttar Pradesh.

Who Needs a GST Registration?

Every business or corporation involved in the purchase and sale of goods or services is required to register for GST. Companies with a yearly turnover of more than Rs.20 lakhs (for services) or Rs.40 lakhs (for goods) are required to register for GST.

Additionally, all businesses that make interstate outward supplies of goods must register for GST. Similarly, businesses that make taxable supplies on behalf of other taxable persons, such as agents and brokers, are subject to the same rules. Additionally, as per a recent notification, e-commerce sellers/aggregators are exempt from registration if their total sales do not exceed Rs.20 lakhs.

GST certificate

What is a GST Return?

A GST return is a document that contains information about one’s income that is required to be filed with the tax authorities in accordance with the law. A taxpayer is required to file two monthly returns and one annual return under the GST law.

(GST Registration Online) All returns must be filed electronically. Please keep in mind that there is no provision for modifying returns. All unreported invoices from the previous tax period must be included in the current month.

A registered dealer is required to file GST returns covering the following categories: purchases, sales, output, GST (on sales), and input tax credit (GST paid on purchases).

Read also: GST Certificate Download

What Are The GST Tax Rates?

  • Items considered to be basic necessities are free from taxation, i.e., they are not taxed.
  • Household requirements and life-saving medications, for example, are taxed at 5%.
  • Computers and processed foods are subject to a 12% tax.
  • Capital goods, industrial intermediaries, and services, as well as hair oil, toothpaste, and soap, are all taxed at 18%.
  • Luxury goods are taxed at a rate of 28%.

Who Is Eligible For GST Registration?

  • Individuals and businesses listed below must complete a GST registration form:
  • Individuals who registered with the tax services accordance with the terms of the GST law.
  • Non-Resident Taxable Individual and Temporary Taxable Individual.
  • Individuals who are subject to the reverse charge.
  • Each and every e-commerce aggregator.
  • Businesses with a turnover of more than Rs.40 lakh. In Uttarakhand, Himachal Pradesh, Jammu and Kashmir, and the North-Eastern states, the business’s annual revenue must exceed Rs.10 lakh.
  • Distributors and agents of a supplier’s input services.
  • Individuals who sell goods on an e-commerce aggregator’s platform.
  • Individuals who provide database access and online information to residents of India who are not registered taxable persons from outside India.

Types Of GST Registration

1:- Normal Taxpayer: The vast majority of businesses in India fall into this category. You are not required to make a deposit to become a regular taxpayer. (GST Registration Online) Additionally, there is no expiration date for taxpayers who fall into this category.

2:- Casual Taxable Person: Submit this form if you wish to apply for the GST Composition Scheme. Under this category, you will be required to deposit a flat. (GST Registration Online) This category does not qualify for the input tax credit.

3:- Composition Taxpayer: Submit this form if you wish to apply for the GST Composition Scheme. Under this category, you will be required to deposit a flat. (GST Registration Online) This category does not qualify for the input tax credit.

4:- Non-Resident Taxable Person: If you live outside India but sell goods to individuals in India, you should choose this type of GST registration. (GST Registration Online) As with the casual taxable person type, you must pay a deposit equal to the anticipated GST liability during the registration period. Typically, this type of GST registration is valid for three months, but it can be extended or renewed upon expiration.

Documents Required For GST Registration Online

  1. PAN card
  2. Aadhaar card
  3. Business address proof
  4. Bank account statement and cancelled cheque
  5. Incorporation Certificate or the business registration proof
  6. Digital Signature
  7. Director’s or Promoter’s ID proof, address proof, and photograph
  8. Letter of Authorisation or Board Resolution from Authorised Signatory

Read also: PAN Card Download Online 2022

How To Apply For GST Registration Online?

Individuals must follow the following procedure in order to complete GST Registration:

GST registration

  • Click the ‘New Registration’ button.
  • Select ‘Taxpayer’ from the ‘I am a’ drop-down menu.
  • Choose the state and district.
  • Enter the business’s name.
  • Enter the business’s PAN.

GST register

  • In the appropriate boxes, enter your email address and mobile phone number. The email address and mobile number entered must be valid, as OTPs will be sent to them.
  • Enter the image displayed on-screen and click ‘Proceed’.
  • On the next page, enter the OTP sent to the email address and mobile number in the appropriate fields.
  • Once the required information has been entered, click ‘Proceed’.
  • The Temporary Reference Number (TRN) will be displayed on the screen. (GST Registration Online) Keep a record of the TRN.
  •  Return to the GST portal and select ‘Register’ from the ‘Taxpayers’ menu.
  • Select ‘Temporary Reference Number (TRN)’.
  • Input the TRN and captcha information.
  • Select ‘Proceed.’
  • An OTP will be sent to your registered email address and mobile phone number. On the following page, enter the OTP and click ‘Proceed’.
  • The next page will display the status of your application. On the right side, click the Edit icon.
  • The following page will contain ten sections. All required fields must be completed, and all required documents must be submitted. (GST Registration Online) The following is a list of the documents that must be uploaded:
  • Photographs
  • Proof of business address
  • Bank account information such as the account number, the bank’s name, the bank’s branch location, and the IFSC code.
  • Form of authorization
  • The taxpayer’s constitution.
  • Navigate to the ‘Verification’ page and review the declaration. (GST Registration Online) Submit the application using one of the following methods:
  • By e-Verification Code (EVC). The code will be sent to the mobile number associated with the account.
  • Using the e-Sign method. A one-time password (OTP) will be sent to the mobile number associated with the Aadhaar card.

verify OTP

  • In the event that a business wishes to register, the application must be submitted using a Digital Signature Certificate (DSC).
  • When the procedure is complete, a success message will appear on the screen. (GST Registration Online) The Application Reference Number (ARN) will be sent to the mobile phone number and email address associated with the application.
  • On the GST portal, you can check the status of the ARN.

GST Registration Through Aadhar Card

With the help of Aadhaar, new businesses can secure their GST registration. The procedure is straightforward and quick. (GST Registration Online) The new procedure became effective on August 21, 2020. The following procedure details how to opt for Aadhaar authentication:

  • When registering for GST, you will be given the option of using Aadhaar authentication.
  • Choose “YES”. (GST Registration Online) The authentication link will be sent to the email address and mobile number associated with the account.

aadhar authentificatiion

  • To begin, click the authentication link.
  • Select “Validate” after entering the Aadhaar number.
  • After matching the details, an OTP will be sent to the registered mobile number and email address.
  • To complete the process, enter the OTP. (GST Registration Online) Within three business days, you will receive your new GST registration.

Online GST Registration Fees

There is no fee if you complete the GST Registration procedure online. (GST Registration Online) After uploading the required documents, an Application Reference Number (ARN) will be sent to you via SMS and email to confirm your registration.

How To Download GST Registration Certificate?

download GST certificate

  • On the next page, enter your username and password.

login details

  • Select ‘User Services’.
  • Select ‘View/Download Certificates’.
  • On the following page, click the ‘Download’ button. The certificate will contain specific information about the tax transactions.

How To Check GST Registration Status?

Visit the GST website at https://www.gst.gov.in/.

  • To track the status of an application, go to ‘Services’ > ‘Registration’ > ‘Track Application Status’.
  • Enter your ARN number and Captcha code in the fields below. (GST Registration Online) Following that, click the SEARCH button.

gst registration

  • Finally, you will see on your screen one of the following GST registration statuses:
  • Temporary status
  • Currently awaiting verification status
  • Validation against the status of an error
  • Status of migration
  • Status: Cancelled

The Advantages Of GST Registration

The following are the primary benefits of GST registration:

  • Multinational corporations may accept large projects (MNCs).
  • Online sales are possible.
  • Merchandise can be sold throughout the country.
  • Due to the fact that GST registration is a legal entity registration, it serves as valid proof.
  • When purchasing goods or services, input tax credits are available.
  • A current bank account can be opened with the assistance of a GSTIN.
  • The GSTIN contributes to the business’s brand value.

GST Registration Exclusion

Individuals and business listed below are not required to register for GST:

  • Businesses that produce supplies that are subject to reverse charging.
  • Activities that are not related to the provision of goods or services. These activities include the sale of a building or land, funeral services, and employee services.
  • Businesses that make supplies that are not subject to GST/ are not taxable. Aviation turbine fuel, electricity, natural gas, high-speed diesel, and petrol are all examples.
  • Companies that manufacture exempt/zero-rated supplies.
  • Businesses that fall under the exemption threshold.
  • Agriculturists.

FAQ’s Related To GST Registration Online

 How to get the GST registration number?

gst registration online

To obtain a GST number, you must submit an application for GST registration via the GST portal, i.e., www.gst.gov.in. To begin, you will need a valid email address, mobile phone number, and a business PAN.

Who Needs a GST Registration?

gst registration online

A GST return is a document that contains information about one’s income that is required to be filed with the tax authorities in accordance with the law. A taxpayer is required to file two monthly returns and one annual return under the GST law.

What is a GST Return?

GST certificate

A GST return is a document that contains information about one’s income that is required to be filed with the tax authorities in accordance with the law. A taxpayer is required to file two monthly returns and one annual return under the GST law.
 

How many days will it take to get a GST number?

GST certificate

GST registration usually takes between 5-7 working days.