Who should register for GST?
While it is mandatory for businessmen whose turnover exceeds ₹ 40 Lakh to register for GST, registration should also be done by the following entities:
- Any individual who has registered under the Pre-GST law of Exercise, VAT or Service Tax.
- Individuals who are paying taxes under the reverse charge mechanism. Reverse charge is a mechanism where recipients of goods/services have to pay the GST.
- If any individual is supplying online information to anyone, who is a non-taxable person in India.
- Agents of supplier and input supply distributor.
- Individuals who are supplying inputs through e-commerce aggregators.
GST Registration Process in India
Following steps are to be followed for migrating to GST:
Step 1: Login to ACES portal using existing ACES user ID and password
Step 2: Either follow the link to obtain the provisional ID and password or navigate using the Menu
Step 3: Make a note of the provisional ID and password that is provided.
In case of any doubt contact the CBEC Helpdesk at either 1800-1200-232 or email at cbecmitra.helpdesk@icegate.gov.in
Once you have obtained the Provisional ID and Password, logon to the GST Common Portal (https://www.gst.gov.in) using this ID and Password. The GST Common Portal has made available a manual on how to fill the Form-20. It is available on www.gst.gov.in
GST Registration Process for New Business
Step 1: First login to the online GST portal (www.gst.gov.in)
Step 2: Fill part –A of registration form 1
Step 3: You will receive an application reference number on your mobile and via e-mail
Step 4: Now, fill the second part of the form and upload the needed documents according to the business type
Step 5: Obtain a certificate of registration from the GST portal. In case of any query you have, you may have to visit the concerned department
Step 7: Submit the required documents within seven working days along with GST REG-04
Step 8: Watch out for error notification by email. In case of any errors, your application may get rejected and you will be notified about the same in form GST REG-05 of GST registration
Documents Required for GST Registration
Here is the list of documents required to register for GST:
- PAN card of the company/ business entity
- Proof of constitution like Articles of association, Memorandum of Association, Certificate of Incorporation, Partnership Deed etc
- Proof of place of business like Electricity bill
- Cancelled cheque of your bank account showing all the details of the account holder
Who is required to register for GST?
Check whether you are eligible or not to register yourself under GST process. The following are liable to register under the GST process:
- Any person or entity person who is supplying, producing or trading in goods or providing services worth for more than ₹ 25 Lakh in a financial year
- Any person or entity that is required to deduct TDS (tax deducted at source) under GST Act.
- Non-resident taxable person – that is persons registered outside India but liable to pay tax in India due to business operations being based in India
Penalty for not registering under GST
If the individual does not register for GST, they have to pay a penalty of 10% on the tax due subject to the amount of ₹ 10,000. However, in the case of evading taxes deliberately, the individual is liable to a penalty of 100% on the tax due.
GST Registration Fees
The government does not charge any GST registration fees if you register for GST online through the government portal.