GST Registration - The Beginners guide

GST registration is required for every individual or company supplying goods or services to India. In the event that the aggregate value of supply exceeds Rs.20 lakh, GST registration becomes mandatory. A simplified GST registration procedure has been introduced by the Ministry of Finance (MoF) to ease the tax filing process. Let's examine the eligibility requirements for GST registration in this article. Online GST registration is also discussed in the article. In order to register for GST, what are the eligibility criteria? Aggregate Turnover Any service provider who offers services worth more than Rs. 20 lakhs in total per year must register for GST. Any business that exclusively supplies commodities and has combined annual revenue of more than Rs. 40 lakhs must register for GST. Business between states Regardless of their overall revenue, a company must register for GST if they supply goods interstate, that is, from one state to another. If an interstate service provider's yearly revenue surpasses Rs. 20 lakhs, they must register for GST. The cap is Rs. 10 lakhs (in states that fall under a special category). Online Store Platform Any person who engages in the supply of goods or services via an online marketplace must register for GST. Regardless of turnover, the person must register. As a result, in order to start selling on Flipkart, Amazon, and other e-commerce platforms, merchants must register. Casual Taxable Individuals Any person who supplies products or services through a temporary stand or shop on a seasonal or irregular basis must register for GST. The person must apply regardless of the total annual turnover. A step-by-step guide explaining the online GST registration process The MoF simplified the online GST registration process. Through the GST Portal, the applicant can complete the GST registration process. The site produces an ARN immediately after an application is submitted. The applicant can check the status of their application and, if necessary, post questions using the GST ARN. **Step 1: Create your GST Application form ** Getting the Temporary Registration Number is the first step (TRN). You will need a working email address, a PAN (Permanent Account Number) for the firm, and a working mobile number (an India number) to get this.

• To register for GST, go to https://www.gst.gov.in/ and click on Services > Registration > New Registration.

• Complete the Registration page by entering your PAN number, email address, and mobile number.

• Click the proceed button after entering the details. Your mobile number and your email address will be verified using two different OTPs. There is a limit of 10 minutes on the validity of the OTP. Regenerating the OTP is possible if necessary. This process will generate your Temporary Reference number.

• Clicking Proceed or choosing Services > Registration > New Registration and choosing the Temporary Reference Number (TRN) radio button will allow you to log in using this number.

• Enter the TRN generated and the captcha text exactly as it appears on the screen in the Temporary Reference Number (TRN) area.

• You will then be prompted to confirm your OTP once more. Please input the new OTP that you received because this differs from the previous OTP that was created. On the validated mobile number and email address, the identical OTP will be delivered.

• By doing so, you'll be sent to your "My Saved Application" page. You have 15 days to complete and submit the form with all required information. Your phone number and the saved form will then be removed. Select Edit from the menu. And proceed to part II Step 2 : Filling out your GST Application form Ten tabs or sections make up the form. To access each tab's section, kindly click there. Before submitting the form, please consult your CPA, tax consultant, or GST practitioner. You require the following documents in scanned form for this procedure, as well as some additional personal data:

• Proof of the business's establishment or constitution,

• Including a valid bank account number 1. Deed of Partnership in the case of a Partnership Firm 2. For others, the business entity's registration certificate.

• Evidence of main place of business

• A picture of the Hindu Undivided Family (HUFpromoter, )'s director, partner, and karta (whichever is applicable).

• Verification of the Authorized Signatory's appointment.

• A picture of the authorised signer.

• The front or first page of a bank statement or passbook that includes the account number, branch address, account holder,'s address, and the most recent transaction information Steps to take (as shown in the above PPT). You can re-log in using the TRN number from the preceding section if you've logged out:

• Fill out all the tabs according to the instructions in the slides above. To be sure that all of the information you entered was saved, click Save & Continue.

• Fill out the information under the "Business" and "Promoters / Partners" tabs, at the very least the fields that have been indicated as mandatory. Make sure to offer documentation of the company's incorporation.

• Complete the 'Authorized Signatory' field. Please be aware that the Authorized Signatory's mobile number or email address will be utilised if you choose to electronically sign the form. The PAN of your Authorized Signatory must be linked to the DSC if you want to sign with DSC.

• The abovementioned slides include additional directions on how to complete the remaining tabs, including the "Primary Place of Business" (PPOB) Tab, the "Goods & Services" Tab, and the "Bank Accounts" Tab. Step 3: Performing a digital signature registration You would need to digitally sign the form in order to have your GST application verified.

• Please be aware that DSC is required for LLPs and Companies.

• Only the digital signature of the Authorized Signatory listed on the GST registration form may be registered and used.

• Please refer to Part IV if you desire to verify the form using one of the alternative possible techniques (instead of DSC).

• Please follow the guidelines below if you want to sign the document using a Digital Signature Certificate (DSC): Please make sure your machine is running DSC software.

• You can get in touch with any of the certifying organisations listed on http://www.cca.gov.in/cca/ if you want a DSC.

• You should have the DSC Dongle with you once the DSC software has been installed (which you will receive with the DSC software).

• You also need to install Emsigner in order to sign the GST form. The DSC Signer is available for download and installation at emsigner.com. Step 4: Verify and Submit Your GST Application

• You can complete the application by selecting one of the following three ways of verification:

• DSC verification: kindly cite the preceding section.

• E-signature verification: See the subsection below.

• EVC verification: See the subsection below.

• An Application Reference Number (ARN) will be generated and delivered to your email address and mobile number after everything is done. This will allow you to check the status of your application (Services > Registration > Track Application). An email and SMS will be sent to you after your application status is "Approved" to inform you that the GSTIN has been generated and to give you a temporary user name (which will be your GSTIN number) and password to access the GST website. You must proceed to the "Login" page and then click on the "First-time login" option, which will be available at the bottom of the login page, in order to access the GST portal using the temporary user name and password you were given. It will prompt you to modify the username and password for future use once you enter the temporary username and password given to you and select "Login." Within 3-5 days, you will be able to download your registration certificate. Use your valid login information to visit your dashboard on the www.gst.gov.in website, then navigate to Services > User Services > View or Download Certificates and click the Download button. This will download your Registration Certificate.