What Is The GST Registration Process In India?

What Is The GST Registration Process In India?

The GST registration process under the new GST rules is done through an online portal that is maintained by the Central Government of India.

The GST registration process looks like this at the moment: 

  1. The person who is registering first has to submit his email address, his PAN card details and, mobile phone number in Part A of the Form which is labelled GST REG–01 on the GSTN portal or through a Facilitation center (to be notified by the commissioner or the board).
  1. The GST portal verifies the submitted details like the PAN, mobile phone number and the E-mail address, the latter of which are verified using the One Time Passwords (OTPs). After completion of the verification process, an application reference number is sent to the registered phone number and E-mail address. You are expected to acknowledge the same through the GST REG-02 form on the portal.
  1. Next step is to fill up Part- B of the GST REG-01 form and mention the application reference number which has been received. This is to be submitted the after attaching all the necessary documents.
  1. In case any information is missing or any other extra information is needed then the GST REG-03 will be sent. One has to reply to this through the GST REG-04 form with all the additional information within seven working days of receiving the GST REG-03.
  1. After all the required data has been provided through the above-mentioned forms, then the GST REG-06 is sent, this contains the registration certificate made for the principal place of business and other additional places of business will be sent. If there are several different business verticals within a single state, then, one has to file different and separate applications under GST REG-01 for each individual vertical.
  1. In case the details provided are considered to be unsatisfactory, the GST registration process application is denied/rejected by GST REG-05.If you are required to collect TCS or deduct TDS, you are required to submit an application through GST REG – 07 for the same. If the tax is no longer being deducted /collected tax at source then that registration may be canceled.

 The Documents required for GST registration process:

  • Authorized signatory like a list of partners along with their address and identity proof in case of partnership firm or the List of directors with their address and identity proof in case of company.
  • A canceled cheque of your bank account showing the name of  the account holder, IFSC code, MICR code and bank branch details
  • The details and proof of place of business like the  rental agreement or the  electricity bill
  • PAN card of the Company
  • The proof of constitution like the partnership deed, the Memorandum of Association (MOA) /Articles of Association (AOA), certificate of incorporation.

 

PAN is mandatory if you wish to register under GST. 

(Nonetheless, this requirement is relaxed in case of a non-resident person who can acquire registration under the GST using various other documents).

One must register separately for the business operations under multiple states i.e., GST registration process is required for each state separately. Everyone who registers under GST must get registered separately for each of the States where they have their business and they are liable to pay GST in terms of the Sub-section (1) of Section 25 of the CGST Act.

Non-Registration:

Non-registration where a person is liable to be registered under this Act is an offense under the CGST Act. This is punishable by payment of Rs. 10,000/- or the amount of tax evaded, whichever is higher

Moreover, such a business is not legally authorized to collect the tax from his purchasers and pass on the credit of the taxes paid on the goods or services supplied to recipients or purchasers. Hence, one cannot avail input tax credit mechanism.

FILING RETURNS:

According to the GST, a taxpayer has to submit an annual return and three separate monthly returns. Apart from that, there are other separate returns that have to be filed when a taxpayer is registered under composition or when one is registered as an Input Service Distributor who is liable to collect TCS/TDS.

The following table explains the different types of return a taxpayer may have to file:

Return Form What to file? By Whom? By When?
GSTR-1 The details of  the outward supplies of taxable goods and/or services effected Registered Taxable Supplier 10th of the next month
GSTR-2  The details of inward supplies of taxable goods and/or services affected claiming input tax credit. Registered Taxable Recipient 15th of the next month
GSTR-3 The monthly return on the basis of finalization of the details of outward supplies and the inward supplies along with payment of the amount of tax. Registered Taxable Person 20th of the next month
GSTR-4 The quarterly return for compounding taxable person. Composition Supplier 18th of the month succeeding quarter
GSTR-5 The return for Non-Resident foreign taxable person Non-Resident Taxable Person 20th of the next month
GSTR-6 The return for Input Service Distributor Input Service Distributor 13th of the next month
GSTR-7 The return for authorities deducting tax at source. Tax Deductor 10th of the next month
GSTR-8 The details of supplies effected through e-commerce operator and the amount of tax collected E-commerce Operator/Tax Collector 10th of the next month
GSTR-9 The Annual Return Registered Taxable Person 31st December of next financial year
GSTR-10 The Final Return Taxable person whose registration has been surrendered or canceled. Within three months of the date of cancellation or date of cancellation order, whichever is later.
GSTR-11 The details of inward supplies to be furnished by a person having UIN Person having UIN and claiming refund 28th of the month following the month for which statement is filed

 

 

The abovementioned returns have to be filed online through a portal maintained by GSTN, a private limited company, not related to the government.

Email : [email protected]
Contact at : 9990306444