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The need to file an application for GST registration is an essential step for a business which is required to follow the goods and services tax law. GST registration enables a business to charge tax on its customers and to claim credit for the tax it has paid on its purchases. The GST registration procedure in India is fully online through the official GST Portal. If carried out with caution, the procedure is simple and takes minimal time.

Understanding who needs GST registration

Know if your business is required to be registered under GST before you apply. Those with a turnover above the government mandated limit will need to register under GST. This threshold could be different for goods and services. Inter-state supply, e-commerce platform sellers, casual taxable persons, and certain service providers are also required to register for GST. A company can take the risk and opt for a voluntary GST registration – to enjoy the benefits and credibility albeit the obligations.

How to Apply for GST Registration: A Step-by-Step Guide

The GST registration is a very important procedure for the business which has to comply with the Goods and Services Tax regulations. It enables a business to charge GST on sales to customers, claim input tax credits, and carry on business in a legally recognized manner under the taxation system. The entire GST registration process is online and is supposed to be easy if done right. Following is the complete procedure share in a blog way with very simple and easy language.

Step 1: Check Your Eligibility for GST Registration

Know if you need a GST Number for your Business WHAT’S a GST Number? It is obligatory if the turnover of your business exceed as prescribed by the Government. It is compulsory for enterprises carrying on inter-state trade, doing business online or providing specific services. In the non-compulsory cases too, the company may choose to register itself voluntarily for credibility and tax benefits.

Step 2: Prepare All Required Documents

Appropriate paperwork to hand over the planning makes the registration process easy. You require PAN card, Aadhaar card, proof of business address, bank account details and a passport size photograph. In case your business is registered, you might also be asked for documents like partnership deed or the certificate of incorporation. Have scanned copies of everything ready in the appropriate format.

Step 3: Visit the GST Portal and Start Registration

Access the official GST portal and select the new registration option. This will initiate the process of an application. The form is separated into two halves to ease filling it out.

Step 4: Enter Basic Business Details

In part 1 of the application, provide the basic details such as your legal business name, PAN no., state, mobile number, and e-mail id. After submitting, you will get an OTP at your registered mobile number and e-mail. Type the OTP to confirm your details.

Step 5: Receive the Temporary Reference Number

A Temporary Reference Number is generated after verification. This number enables you to log in at a later time and resume the registration. You should retain this number until you complete the registration process.

Step 6: Complete Detailed Business Information

Using your Temporary Reference Number, log in again and provide detailed information on your business. Such information includes the business address, whether the business has additional locations, and the type of business operations. You will need to give information to the owner, partners or directors too.

Step 7: Provide Bank and Business Details

At this point, you have to add your bank account details such as account number and IFSC code. You also have to Choose the products or services that are associated with your company. Accurate information needs to be provided to avoid problems later.

Step 8: Upload Required Documents

Submit all the required documents with care. Ensure that the documents are clear and legible. Inappropriate or illegible submissions could delay the approval or lead to refusal.

Step 9: Verify and Submit the Application

On completion of data entry and uploading of documents, authenticate the application through Aadhaar OTP/digital signature/electronic verification code. Post validation, submit the application to the Directorate.

Step 10: Application Review and Approval

The GST authority verifies the application. In general, if all the information is correct, registration is approved within a few working days. If further information is required, you will be informed and you need to reply via GST portal.

Step 11: Receive GST Registration Certificate

Once approved, you may download the certificate of registration from the portal. The certificate has your GST Identification Number (GSTIN), which is required to be quoted on your invoices and official documents under GST.

Step 12: Compliance After Registration

After registering, the businesses will have to issue GST invoices, file returns, and keep adequate records. Periodic compliance ensures penalty free business and smooth running of business.

Conclusion