GST registration- Process, requirement and exemption All the individuals and entities supplying goods and services in India mandatory need to get registered themselves under GST Act if the aggregate value of the supplies exceeds Rs.20lakhs. The Ministry of Finance had made the GST registration process easy for filing the tax. If the supply is made from an entity which is located in special category states need to get registered if their aggregate value of supply exceeds RS.10lakhs. Eligibility requirements for GST registration The eligibility criteria for GST registration includes: • Aggregate turnover- any of the service provider who provide services value of the aggregate amount of more than 20lakhs need to obtain GST registration. While the special state category this limit is restricted to the amount of Rs.10lakhs. While any business firm which is engaged in the activity of supplying goods whose aggregate turnover exceeds 40lakhs need to get themselves registered under GST. • Performing business inter-state- An entity supplying the goods from one state to another state need to get themselves registered under GST if their annual turnover amount exceeds 20lakhs and 10lakhs in case of special category states. • E-commerce platforms- the individuals irrespective of any turnover limit need to register themselves for GST those supplying goods and services through e-commerce platforms. This registration stays mandatory to commence the activity. • Casual taxable person- without considering annual aggregate turnover, an individual supplying goods and services seasonally through a normal stall or a shop need to get themselves registered under GST. • Get voluntary registration- an entity can obtain GST registration voluntarily itself but is not allowed to surrender it for up to 1 year. But after amendments the applicant can be surrender it at any time.

GST registration process The process is simplified by the Ministry of Finance, as the registration procedure can be processed through GST portal. Once the submission of application takes place the portal will generate GST ARN. With the help of GST ARN one can check the status of application and post queries if any. Within the 7 days of GST ARN generation, the taxpayer will get registration certificate and will get GST identification number. Step-1 Visit GST portal Access the GST portal - https://www.gst.gov.in/ - services – registration – new registration option. Step-2 On the completion of OTP validation lead to generation of TRN On the selection of new registration option if remains uncompleted then the applicant can continue filing application through TRN number. • On the new registration page so opened will select the taxpayer type from different options provided in drop down box. • Then enter state and district name as per the requirements. • Enter the valid name of the business firm or entity so mentioned in the PAN database. • While in the PAN column enter the number of the business or proprietor as GST is linked to the PAN number. • Enter the email address of the Primary Authorized Signatory. • Then click the proceed button. Step-3 OTP verification and TRN generation Once all the information needed is submitted, OTP verification page gets displayed that will generate OTP which will be valid only for 10 minutes. 2 OTP would be sent on both the mobile number and email address which need to be entered in their respective columns. Step-4 Generation of TRN TRN so generated after OTP verification process would lead towards its completion and submit GST registration application. Step-5 Login with Temporary Reference Number GST registration procedure would begin upon the receiving of TRN, under the it’s field enter the TRN so generated and then CAPTCHA code is entered. This would lead to the completion of OTP verification 9n mobile and email. The icon in red would be clicked on to begin GST registration process. Step-6 Submission of business details In the first tab all the business details submission is needed: • Enter trade name of the business in the trade name field. • From the drop down box select the Constitution of business. • Then enter district name/ sector/ ward or unit. • Select the specified option of the Commission code, division code and range code. • One can opt for composition scheme if necessary. • Enter the date of commencement of business. • The date at which liability is to be arisen register it as it is referred to the date at which the business crossed it’s prescribed turnover. The taxpayers on the arising of liability is to file the application for new GST registration within 30 days. Step-7 Submission of promoter information In the next tab, provide promoter and director details while in case of proprietorship proprietary information is to be submitted. Details of at least 10 promoters or partners is to be submitted under GST registration application. The details to be submitted includes: • Personal information of the stakeholders includes- date of birth, address, mobile number, email address and gender. • Designation of a promoter • Director Identification Number of the promoter be it any type of applicant: a) Public or private limited b) Public sector limited c) Unlimited company d) Foreign company so registered in India • Details of status of citizenship • PAN and Adhaar card number • Commercial address Step-8 Authorized signatory information to be submitted An Authorized signatory nominated by the promoter of the company shall hold the responsibility for filing the GST returns of the company and maintaing the compliance of the company. On the behalf of promoters all the transactions are undertaken by the Authorized signatory. Step-9 Primary place for conducting the business Principal place of business is the primary location where the taxpayer conducts business within a State, addressing the records and book of accounts. There is need to enter the following details: • Address of principal place of business operations. • Contact details of the office like- email address, phone number and fax number etc. • Nature of premises so possessed. If SEZ (Special Economic Zone) works out to be principal place of business then essential documents and certificates issued by the Government of India is to be submitted by choosing other ‘value’ in nature of possession premises in the drop down list and uploading the documents, providing evidence of ownership over the property includes: • In case of own premises- any document reflecting the ownership of premises like- latest property tax receipts or copy of electricity bill. • For rented or leased premises- hard copy of lease agreement supported with documents of ownership of premises like- latest property tax copy or municipal khata copy. • Premises other than personal and rented- a consent letter copy with any document in support of ownership of the consenter like- municipal khata copy or copy of electricity bill. Step-10 Enter details of additional place of business Enter the details of the property with respect to additional place of business. For instance if the applicant is the seller on Amazon or other e-commerce platform and uses the seller’s warehouse then this is defined as additional location which need to be added. Step-11 Detailed information about goods and services The applicant must give the details of about 5 goods and services so sold by him where for the goods HSN code is used and for services SAC code is entered. Step- 12 bank account details to be provided Need to enter number of bank accounts held by the applicant along with the details like- account number, IFSC code and type of account so held. Them copy of bank statement or pass book is to be submitted. Step- 13 Verification of applicant All the details so filled before submission need to be verified completely by Select the verification checkbox. In the Name of Authorized Signatory drop-down list, select the name of the authorized signatory. Step-14 ARN generation Successful message would be displayed in signing the application. The confirmation will be given and thus received on email address or mobile number. Further the status of the application can be traced and checked. Requirements for GS Registration For getting registered one need to be accompanied with following documents: • Owners pan card • Adhaar card • Photograph • Proof of address • Bank account details

Exemptions under GST registration There are few of the participants which are considered exempted from getting registered at GST portal of India. Depending on the nature of the supply exemptions are granted to: • Agriculturist • Persons falling under the threshold exempted limit • Person doing nil rating supply of goods. • Persons supplying non-taxable goods and services • Those supplied activities that don’t fall within category of goods and services. • Under Reverse charge mechanism consideration of person making supplies.