All about GST Registration – The GST Registration process Guide

Background

Goods and Service tax (GST) is one of the topic that has been now on everyone’s lips. It is the most discussed reform of current era. GST is a question for the industry, but we have got an answer for you. We have drafted this registration guide to help you understand the procedure for GST registration easily. Let us understand this tax in a layman language.

What is Goods and Service tax (GST)?

Goods and Service tax (popularly known as GST) is the new system of indirect taxation in India which will subsume all the other indirect taxes that has been levied and collected in India so far. 

Who is liable to register under GST?

Every person who is engaged in supply of goods or rendering of services or both will  be liable to be registered under the GST within thirty days from the date  his gross annual turnover exceeds Rs.9 lakh (4 Lakh in case a person conducts his business in north eastern states including Sikkim).

For the clarification purpose, the following person shall also have to apply for registration under GST:

• Any dealer, trader, supplier of goods, raw materials, finished goods etc, will have to apply for registration under GST.
• Any service provider, blogger, content writer, SEO consultant or any other person will have to apply for GST registration.

• Any person earning from google adwords, through PAYPAL etc., will also be liable to be registered under GST.

• Any startup, having turnover more than 9 lakh, will have to apply for registration.

• Any exporter, importer of goods or service or both, will also be required to register under GST.

• Individual, proprietor, LLP, partnership, Private Limited Company, trust or any other form of business, will have to apply for GST registration.

The above points are only inclusive and there could be n number of people who will have to apply for GST registration.

When GST registration is not required?

A person is not required to register if he does not cross the turnover of 9 Lakh (4 Lakh in case a person conducts his business in north eastern states including Sikkim).

Documents required for GST registration – Mandatory requirements

The following documents shall be required for GST registration:

• PAN of the business
• Copy of cancelled.

Click here to know the documents as per your form of business including partnership, Company, individual, proprietor etc.

Procedure for registration under GST – Goods and Service Tax

#Step 1: Every person above the threshold limit would have to file the application through GST common portal that would be set up by Goods and Services Tax Network (GSTN). Documents specified in the portal have to be scanned and uploaded at the portal along with the application.

#Step 2: Once a complete application is submitted online, a message asking for confirmation will be sent through email and SMS to the authorized signatory of the applicant.

#Step 3: On receipt of such confirmation from the authorized signatory, Acknowledgement Number would be generated and intimated to the applicant.

#Step 4: Verification of documents and details in application will be carried out online as the portal will have backend integration with the respective IT systems of the Centre and States.

#Step 5: Once the application is approved, the GSTIN is generated and further the same along with Log-in ID and temporary Password will be sent to the authorized signatory. All the data relating to business of applicant shall be subsumed into this unique GSTIN code.

Structure of registration number

The features and structure of GST registration number is as follows:

1. GSTIN will be of 15 digits and various digits in GSTIN will denote the following as shown below:

2. In GSTIN first two digits will be state code, each state has been issued  a unique two digit code e.g. "09" for the State of Uttar Pradesh and "27" for the State of Maharashtra.

3. 13th digit would be alpha-numeric (1-9 and then A-Z) and would be assigned depending on the number of registrations a legal entity (having the same PAN) has within one State. For example, a legal entity has single registration within a State would have "1" as 13th digit of the GSTIN. If the same legal entity goes for a second registration for a second business vertical in the same State, the 13th digit of GSTIN assigned to this second entity would be "2" and like this 35 business verticals of the same legal entity can be registered within a State.

4. 14th digit of GSTIN would be kept BLANK for future use.

5. 15th digit of GSTIN is check digit, which is a form of redundancy check used for detection of errors.

Conclusion

The GST stands up as a great challenge for the industry. However, Hubco.in is committed to provide you the best possible solution. In case of any doubt, or query, you can directly post to our contact form

Register for Service tax online in India

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