GST Registration
Start GST Registration
GST Number (Goods & Service Number) is mandatory for Indian businesses and companies. The GST introduced in 2017 has helped simplify the whole tax system. Businesses that have an annual turnover of Rs 40 Lakh or Rs 20 Lakh, as the case may be, have to apply for a GST Number. If businesses are still carrying out the operations even if the annual threshold limit has crossed, they are entitled to pay a heavy penalty. It is also considered a legal offense and is subject to punishment along with a 100% penalty equal to the due tax amount. Therefore, understand why it is imperative to get GST Registration and what is process of this registration is along with key steps for the process.
When do You Need to Have a GST Number?
Before you begin with your GST Registration with TaxDunia, know why you need to have a GST Number and what are its requirements.
● When a business crosses the specified monetary limits, they have to get a GST Number
● E-commerce aggregators and exporters need to own a GST Number
● Help businesses to bid for government contracts
● To avail of the government benefits, your business needs the GST number
Benefits of Owning a GST Number?
- Legal Recognition: GST Registration mainly provides legal recognition and official identity to your firm.
- Input Tax Credit: Input tax paid on goods and services on which a business otherwise reduced the tax liability, having registered under it.
- Interstate Trade: A GST number is required when a trade happens between states, so you can expand your business and avail of greater opportunities.
- More Credibility: Registration of a business will give a signal that it is a more credible and reliable one, thus attaining more clients and customers would become easy and accommodating. It will help build the name of your company and give you more recognition.
Required Documents for GST Registration
● Photograph of the owners (in JPEG format, maximum size – 100 KB)
● Pan card of the applicant or business
● Identity & Address Proof of Promoters/Directors
● Adhaar Card of owners
● Phone number and email ID
● Bank account details
● Proof of Principal Place of Business
Below is the list of the documents required for the GST registration for different varieties of ventures:
Proprietorship
- No additional specific documents beyond the common documents listed above.
Partnership Firm:
- Partnership deed
- Consent letter (if the property is not in the firm’s name).
- Proof of appointment of authorized signatory
Limited Liability Partnership (LLP):
- Certificate of Incorporation from the Ministry of Corporate Affairs (MCA).
- Certificate of Incorporation from the Ministry of Corporate Affairs (MCA).
- Digital Signature Certificate (DSC) of the authorized partner.
Private Limited Company / Public Limited Company:
- Certificate of Incorporation from the MCA.
- Memorandum of Association (MOA) and Articles of Association (AOA).
- Digital Signature Certificate (DSC) of the authorized director.
- Board resolution or authorization letter for the authorized signatory.
Society or Trust:
- Registration Certificate of the society/trust.
- Trust deed or certificate of formation.
- Authorization letter for the authorized signatory.
Hindu Undivided Family (HUF):
- PAN card of HUF.
- Aadhaar card of Karta (head of the family).
Key Steps for GST Registration
Visit GST Portal:
● Go to the official GST portal at https://www.gst.gov.in/
Click on ‘Register Now’:
● Select ‘Services’ > ‘Registration’ > ‘New Registration.
Fill Basic Details
● Select ‘Taxpayer’ as the category.
● Enter State/UT, District, PAN, Email, and Mobile Number.
Enter OTP Verification
● Verify email and mobile number with OTPs received.
Receive Temporary Reference Number (TRN)
● Note the TRN sent to your mobile and email.
Re-login with TRN:
● Go back to the GST portal.
● Use TRN to log in and
Complete the GST Application:
● Provide Business Information (like trade name, and constitution of business).
● Add Promoter/Partners details with ID proofs.
● Submit the Principal Place of Business and Additional Places of Business if any.
Upload Documents:
● Proof of business address (electricity bill, rent agreement).
● PAN, Identity proof, and Photograph of owners.
● Bank account details (canceled cheque or bank statement).
Submit Application with Digital Signature:
● Use DSC, E-Signature, or EVC for final submission.
Receive Application Reference Number (ARN):
● Once submitted, an ARN is generated. Use it to track the status.
Approval & GSTIN Issuance:
● Await verification; once approved, you’ll receive your GSTIN.
Get Started with TaxDunia Today!
Let professionals help you through the process to get a GST Number and give your business its due recognition. TaxDunia is a platform where we pay attention to your requirements and help you with your business needs. The dedicated team of tax experts provides you with a step-by-step guide to completing the GST Registration successfully.
