The Goods and Services ( GST ) registration process applies to all individuals or businesses supplying goods and services across India. If the seller’s total supply exceeds Rs. 20 lakhs, it is mandatory for the seller to opt for GST registration.
Eligibility Criteria for GST Registration Individuals and businesses must meet the following criteria for GST registration.
- Inter-State Distribution Under this category, the supplier is liable to collect GST on transfer of goods from one state to another.
- E-commerce sites Suppliers through online e-commerce sites need to apply for GST registration. Registration is required regardless of the individual’s annual turnover.
- Ordinary taxable person Persons supplying goods from time to time through a temporary shop or stall are required to complete GST registration.
- Voluntary registration An individual or business can register voluntarily. Voluntary GST registrations can be submitted at any time.
Types of GST Registration Here are the categories for GST registration:
- Ordinary taxpayer It is for taxpayers doing business in India. No deposit is required for ordinary taxpayers and there is no limit on the validity date.
- Ordinary taxable person A taxpayer setting up a temporary stall or shop must be registered under Ordinary Taxable Person.
- Compound Taxpayer If an individual wants to register as a composite taxpayer , he should opt for the GST composite scheme. Taxpayers registered under the package scheme will get the benefit of paying a flat GST rate, but will not be allowed to claim input tax credit.
- Non-resident taxable person This category is for taxable persons outside India. The taxpayer must supply goods or services to residents of India.
Types of GST Registration
Here are the categories for GST registration:
- Ordinary taxpayer It is for taxpayers doing business in India. No deposit is required for ordinary taxpayers and there is no limit on the validity date.
- Ordinary taxable person A taxpayer setting up a temporary stall or shop must be registered under Ordinary Taxable Person.
- Compound Taxpayer If an individual wants to register as a composite taxpayer, he should opt for the GST composite scheme. Taxpayers registered under the package scheme will get the benefit of paying a flat GST rate, but will not be allowed to claim input tax credit.
- Non-resident taxable person This category is for taxable persons outside India. The taxpayer must supply goods or services to residents of India..
Part B
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Part 2-B
Provide business information like company name, PAN name, state name of registered business, date of inception.
Submit details of promoter/partners Submit details of person authorized to file GST return
Submit details of business status Enter the business address
Enter official contact details Enter the nature of possession of the premises
Enter details of additional business locations, if any Enter the details of goods and services to be provided
Enter the company’s bank account details Upload the required documents based on the type of business registered
Now, click Save and Continue Digitally sign and click submit Check Application Reference Number ( ARN ) received through email or SMS and confirm registration.gst registration online
Conclusion
GST registration is not as difficult as it sounds. It can be done efficiently. However, one should maintain a calm mind and full alertness. To avoid future problems with registration, check all your documents carefully before uploading any details or documents.