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Online GST Registration Step by step guide and Advantages for Startup

GST stands for Goods and Services Tax, right from the date of its<br>implementation which is on the 1st of July, 2017 it has been a talk of the<br>nation. The basic eligibility or requirement for a new business to have GST<br>registration is the turnover of at least 20 lakhs.

PreetiAgarwal
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Online GST Registration Step by step guide and Advantages for Startup

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  1. Online GST Registration: Step by step guide and Advantages for Startup GST implementation which is on the 1st of July, 2017 it has been a talk of the nation. The basic eligibility or requirement for a new business to have GST registration is the turnover of at least 20 lakhs. Otherwise, the business will be not be allowed to register for GST. some of the “Special category states” except for Jammu and Kashmir. In Jammu and Kashmir GST registration is not required. The procedure to register with GST is very simple and free. Any taxpayer who is seeking a normal registration can log on to the GST portal and fill out the Form GST REG-01. GST is a comprehensive tax that eliminated all the taxes as earlier we used to pay for many taxes but the Government of India has merged all taxes under one umbrella which is GST. stands for Goods and Services Tax, right from the date of its The turnover can be 10 lakhs for In this article, we will be looking at the complete process of GST registration for new businesses. This article entrepreneurs, and of course for anyone willing to learn it. will be very helpful to the new Eligibility criteria for Registering for GST-:

  2. 1. All those businesses which have a turnover of at least INR 40 lakh in a financial year are required to file the GST as a taxable person. However, the entrance limit will be INR 10 lakh if you have a business that is located in the J&K, Himachal Pradesh, north-eastern states, or Uttarakhand. 2. Although the turnover limit to file GST is INR 20 lakh but in the case of special category states, INR 10 lakh is required to register for GST. The below-stated business is also required to file GST irrespective of their turnovers. This is mandatory for all these businesses to file a GST, otherwise, they will consider as illegal entities under tax laws. - Any Casual taxable person Or Input Service Distributor (ISD) - Any taxable person who is a non-resident. - The supplier's agents. - Any goods and services supplier Inter-state supplier. - The Supplier of goods through an e-commerce portal - Any service provider - Any person who is supplying information that is specific to the particular domain from outside India, to a Non-Registered Indian citizen has to file a GST. Documents Required to Register for GST-: The documents which will be required to file a GST are mentioned below-: - The PAN Card of the company. - The Copy of the adhaar card - The Proof of business registration or evidence of incorporation certificate

  3. - A photograph - Identity and address proof - Bank statements or canceled cheque - The digital signature of the company - The Authorisation letter or resolution for authorization. - The copy of the Recent Electricity Bill or the Tax receipt of Property. - A Valid Indian bank account - The Jurisdiction details Step by step guide for the registration for GST-: Following are the steps which you have to follow to register your company with GST-: 1. First of all log on to the official website of GST and Open the GST portal. 2. After that click on the 'Registration' which is under the 'services'. 3. Now click on the 'New Registration' option. 4. The GST New Registration application form is separated into 2 parts that are Part A and Part B. 5. Click on 'Taxpayer'. 6. Now you have to fill in your state and district details which are necessary for further registration of GST. 7. You will be asked to enter the Legal name of the business field, so just enter the legal name of your business as mentioned in the PAN.

  4. 8. After that you will be asked to enter the PAN of your business or proprietor. Fill it carefully. 9. Fill in the email address of the primary authorized signatory. 10. Now, enter the valid mobile number of the primary authorized signatory. 11. Click on the captcha and then the 'Proceed' button. 12. After that check all the details again carefully and move to part B. After the verification, you will get a Temporary Reference Number which is also known as a TRN number. The TRN will be sent to the registered email address and your registered mobile number. PART B After completing part A, come to part B of the registration process. - Click on the 'Services' and then 'Registration'. - Now click on the 'New Registration' option and click the TRN (temporary reference number) option and log in using your TRN credentials. - In the field of TRN, just fill the TRN generated and the captcha as shown in the screen, - Now click on 'Proceed'. -Enter the OTP that is sent on your mobile or email on the verify page. Now, click on the ‘Proceed’ button. - Now your Saved Application page will be displayed. - Now Under the Action column, click on the Edit icon. -On the peak of the page, you will see the registration application form with 10 tabs open.

  5. You promoter/partner,, authorized signatory, principal & additional place of business, goods & services detail, state information, aadhaar authentication, and verification. have to click on each tab to enter details of your business, - After that just click on the 'Save and continue'. Once your application gets submitted you will have to sign it digitally using and click 'Proceed'. -After the submission of your application you will receive an Application Reference Number via SMS or mail to confirm the registration process. So these are the steps which you should have to follow if you registering for Goods and Services Tax services. Changes are definitely never easy. The government is trying to smoothen the process to GST. It is important to take a lesson from other countries that have implemented GST before us, and who overcame the troubles and increased the country's revenues.

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