WHY CHOSE LENSTAX FOR GST REGISTRATION
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₹1999/-
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GST REGISTRATION GUIDE
What is GST?
GST stands for Goods and Service Tax. It is an indirect tax imposed in India on the supply of goods and services. Double taxation system has been removed and single taxation system was introduced with the introduction of GST. GST is simply tax on the final goods, products and services.
- GST came into force from 1 July 2017 through 101 amendments of the Constitution by the Indian government.
- GST has replaced the existing multiple taxation system.
It is an extensive, multistage, destination-based tax.
If you fulfill any one of the following eligibility criteria you need to register under GST.
Eligibility criteria for GST Registration
- The business organizations which have an annual turnover exceeding Rs. 40 Lakhs
- Organizations paying tax under Reverse Charge Mechanism.
- E-Commerce Business
- Inter trade supplier
- Casual Taxable Person/Non-Resident Taxable Person.
- Agent of Supplier and Input Service Distributor.
Benefits of taking registration under GST
- Legally recognized as supplier of goods or services
- Proper accounting of taxes paid on the input goods or services which can be utilized for payment of GST due on supply of goods or services or both by the business.
- Legally authorized to collect tax from his purchasers and pass on the credit of the taxes paid on the goods or services supplied to purchasers or recipients.
- Getting eligible to avail various other benefits and privileges under the GST laws.
DOCUMENTS REQUIRED
Here is the list of documents required for GST registration of Proprietorship, Partnership, Hindu Undivided Family, Limited Liability Partnership, Public Limited Company/Private Limited Company/Unlimited Company, Society/Club/Trust/AOP/BOI and Government Department/Local Authority/Statutory Body.
Documents required for GST registration of Proprietorship
- 1. Aadhaar Card of Proprietor
- 2. PAN Card of Proprietor
- 3. Photo of Proprietor
- 4. Proof of Principal Place of business
- A. If nature of possession of premises is owned (Any One)
- Electricity Bill
- Municipal Tax Receipt
- Legal ownership documents such as ownership deed/document or Index II
- Municipal Khata Copy
- B. If nature of possession of premises is consent/shared (Any One)
- Consent Letter
- Electricity Bill
- Municipal Tax Receipt
- Legal ownership documents such as ownership deed/document or Index II
- Municipal Khata Copy
- C. If nature of possession of premises is rented/leased (Any One)
- Rent/Lease Agreement
- Electricity Bill
- Municipal Tax Receipt
- Legal ownership documents such as ownership deed/document or Index II
- Municipal Khata Copy
- D. If nature of possession of premises is others (Any One)
- Electricity Bill
- Municipal Tax Receipt
- Legal ownership documents such as ownership deed/document or Index II
- Municipal Khata Copy
Documents required for GST registration of Hindu Undivided Family
- 1. Aadhaar Card of Karta
- 2. PAN Card of Karta
- 3. Photo of Karta
- 4. PAN Card of Hindu Undivided Family
- 5. Hindu Undivided Family Deed
- 6. Letter of Authorisation
- 7. Proof of Principal Place of business
- A. If nature of possession of premises is owned (Any One)
- Electricity Bill
- Municipal Tax Receipt
- Legal ownership documents such as ownership deed/document or Index II
- Municipal Khata Copy
- B. If nature of possession of premises is consent/shared (Any One)
- Consent Letter
- Electricity Bill
- Municipal Tax Receipt
- Legal ownership documents such as ownership deed/document or Index II
- Municipal Khata Copy
- C. If nature of possession of premises is rented/leased (Any One)
- Rent/Lease Agreement
- Electricity Bill
- Municipal Tax Receipt
- Legal ownership documents such as ownership deed/document or Index II
- Municipal Khata Copy
- D. If nature of possession of premises is others (Any One)
- Electricity Bill
- Municipal Tax Receipt
- Legal ownership documents such as ownership deed/document or Index II
- Municipal Khata Copy
Documents required for GST registration of Limited Liability Partnership
- 1. Aadhaar Card of all Partners
- 2. PAN Card of all Partners
- 3. Photo of all Partners
- 4. PAN Card of Limited Liability Partnership
- 5. Certificate of Incorporation
- 6. Letter of Authorisation
- 7. Proof of Principal Place of business
- A. If nature of possession of premises is owned (Any One)
- Electricity Bill
- Municipal Tax Receipt
- Legal ownership documents such as ownership deed/document or Index II
- Municipal Khata Copy
- B. If nature of possession of premises is consent/shared (Any One)
- Consent Letter
- Electricity Bill
- Municipal Tax Receipt
- Legal ownership documents such as ownership deed/document or Index II
- Municipal Khata Copy
- C. If nature of possession of premises is rented/leased (Any One)
- Rent/Lease Agreement
- Electricity Bill
- Municipal Tax Receipt
- Legal ownership documents such as ownership deed/document or Index II
- Municipal Khata Copy
- D. If nature of possession of premises is others (Any One)
- Electricity Bill
- Municipal Tax Receipt
- Legal ownership documents such as ownership deed/document or Index II
- Municipal Khata Copy
Documents required for GST registration of Public Limited Company/Private Limited Company/Unlimited Compa
- 1. Aadhaar Card of all Directors
- 2. PAN Card of all Directors
- 3. Photo of all Directors
- 4. PAN Card of Company
- 5. Certificate of Incorporation
- 6. Letter of Authorisation
- 7. Proof of Principal Place of business
- A. If nature of possession of premises is owned (Any One)
- Electricity Bill
- Municipal Tax Receipt
- Legal ownership documents such as ownership deed/document or Index II
- Municipal Khata Copy
- B. If nature of possession of premises is consent/shared (Any One)
- Consent Letter
- Electricity Bill
- Municipal Tax Receipt
- Legal ownership documents such as ownership deed/document or Index II
- Municipal Khata Copy
- C. If nature of possession of premises is rented/leased (Any One)
- Rent/Lease Agreement
- Electricity Bill
- Municipal Tax Receipt
- Legal ownership documents such as ownership deed/document or Index II
- Municipal Khata Copy
- D. If nature of possession of premises is others (Any One)
- Electricity Bill
- Municipal Tax Receipt
- Legal ownership documents such as ownership deed/document or Index II
- Municipal Khata Copy
Documents required for GST registration of Society/Club/Trust/AOP/BOI
- 1. Aadhaar Card of all Member/Trustee
- 2. PAN Card of all Member/Trustee
- 3. Photo of all Member/Trustee
- 4. PAN Card of Society/Club/Trust/AOP/BOI
- 5. Registration Certificate
- 6. Letter of Authorisation
- 7. Proof of Principal Place of business
- A. If nature of possession of premises is owned (Any One)
- Electricity Bill
- Municipal Tax Receipt
- Legal ownership documents such as ownership deed/document or Index II
- Municipal Khata Copy
- B. If nature of possession of premises is consent/shared (Any One)
- Consent Letter
- Electricity Bill
- Municipal Tax Receipt
- Legal ownership documents such as ownership deed/document or Index II
- Municipal Khata Copy
- C. If nature of possession of premises is rented/leased (Any One)
- Rent/Lease Agreement
- Electricity Bill
- Municipal Tax Receipt
- Legal ownership documents such as ownership deed/document or Index II
- Municipal Khata Copy
- D. If nature of possession of premises is others (Any One)
- Electricity Bill
- Municipal Tax Receipt
- Legal ownership documents such as ownership deed/document or Index II
- Municipal Khata Copy
Documents required for GST registration of Government Department/Local Authority/Statutory Body
- 1. Aadhaar Card of Respected Officer
- 2. PAN Card of Respected Officer
- 3. Photo of Respected Officer
- 4. PAN Card of Govt. Dept./Local Authority/Statutory Body
- 5. Any proof substantiating Constitution
- 6. Letter of Authorisation
- 7. Proof of Principal Place of business
- A. If nature of possession of premises is owned (Any One)
- Electricity Bill
- Municipal Tax Receipt
- Legal ownership documents such as ownership deed/document or Index II
- Municipal Khata Copy
- B. If nature of possession of premises is consent/shared (Any One)
- Consent Letter
- Electricity Bill
- Municipal Tax Receipt
- Legal ownership documents such as ownership deed/document or Index II
- Municipal Khata Copy
- C. If nature of possession of premises is rented/leased (Any One)
- Rent/Lease Agreement
- Electricity Bill
- Municipal Tax Receipt
- Legal ownership documents such as ownership deed/document or Index II
- Municipal Khata Copy
- D. If nature of possession of premises is others (Any One)
- Electricity Bill
- Municipal Tax Receipt
- Legal ownership documents such as ownership deed/document or Index II
- Municipal Khata Copy
Advantages of GST
- GST eliminates the cascading effect of tax
- Higher threshold for registration
- Composition scheme for small businesses
- Simple and easy online procedure
- The number of compliances is lesser
- Defined treatment for E-commerce operators
- Improved efficiency of logistics
- Unorganized sector is regulated under GS
Steps to complete GST registration process online
The step-by-step procedure that individuals must follow to complete GST Registration is mentioned below:
- Step 1: Visit the GST portal - www.gst.gov.in
- Step 2: Click on the ‘Register Now’ link which can be found under the ‘Taxpayers’ tab
- Step 3: Select ‘New Registration’
- Step 4: Fill the below-mentioned details:
- Under the ‘I am a’ drop-down menu, select ‘Taxpayer’.
- Select the respective state and district.
- Enter the name of the business.
- Enter the PAN of the business.
- Enter the email ID and mobile number in the respective boxes. The entered email ID and mobile number must be active as OTPs will be sent to them.
- Enter the image that is shown on the screen and click on ‘Proceed’.
- Step 5: On the next page, enter the OTP that was sent to the email ID and mobile number in the respective boxes.
- Step 6: Once the details have been entered, click on ‘Proceed’.
- Step 7: You will be shown the Temporary Reference Number (TRN) on the screen. Make a note of the TRN.
- Step 8: Visit the GST portal again and click on ‘Register’ under the ‘Taxpayers’ menu.
- Step 9: Select ‘Temporary Reference Number (TRN)’.
- Step 10: Enter the TRN and the captcha details.
- Step 11: Click on ‘Proceed’.
- Step 12: You will receive an OTP on your email ID and registered mobile number. Enter the OTP on the next page and click on ‘Proceed’.
- Step 13: The status of your application will be available on the next page. On the right side, there will be an Edit icon, click on it.
- Step 14: There will be 10 sections on the next page. All the relevant details must be filled, and the necessary documents must be submitted. The list of documents that must be uploaded are mentioned below:
- Photographs
- Business address proof
- Bank details such as account number, bank name, bank branch, and IFSC code.
- Authorization form
- The constitution of the taxpayer.
- Step 15: Visit the ‘Verification’ page and check the declaration, Then submit the application by using one of the below mentioned methods:
- By Electronic Verification Code (EVC). The code will be sent to the registered mobile number.
- By e-Sign method. An OTP will be sent to the mobile number linked to the Aadhaar card.
- In case companies are registering, the application must be submitted by using the Digital Signature Certificate (DSC).
- Step 16: Once completed, a success message will be shown on the screen. The Application Reference Number (ARN) will be sent to the registered mobile number and email ID.
- Step 17: You can check the status of the ARN on the GST portal.
TWO TYPES OF GST REGISTRATION
REGULAR SCHEME UNDER GST REGISTRATION
The dealers or tax payer who want to avail Input Tax Credit, then they have go through Regular scheme of GST Registration. The following tax payer is compulsorily liable to get GST Registration under Regular Scheme:
- If the turnover exceeds Rs. 1.5 Crore
- Supplier of service other than restaurant owners (Serving foods and non-alcoholic drinks)
- Supplier of non-taxable goods
- Supplier supplying goods through E-commerce operator, who is eligible to collect TCS
- Supplier of tobacco, pan masala, and ice cream
- Who want to Avail Input tax credit
COMPOSITON SCHEME UNDER GST REGISTRATION
The Tax payers who are not included within the compulsory List of Regular scheme of GST, they can be registered under Composition Scheme of GST Registration.
Consulancy Fees For GST Registration
- Free Tax Consultant
- GST Number
- Return Filing with Nominal fees
- 24x7 Support
- Exprienced Resoures
- Dedicated Account Manager
₹1999/-
PENALTY FOR NOT REGISTERING
According to the section 122 of CGST Act, any taxable person who fails to register under GST even if he/she is legally bound as per the GST Act has to pay 10,000 INR or amount of tax evaded whichever is higher of penalty:
Let us understand this with an example:
- 1. If Mr. X fails to obtain GST registration and the total tax evaded by him amounts to 20,000 INR then in this case 20,000 INR penalty will be applicable.
- 2. If Mr. X fails to obtain GST registration and the total tax evaded by him amounts to 9,000 INR then in this case he needs to pay 10,000 INR as a penalty.
