Step by Step procedure for GST registration in India

By Registrationwala

3rd April 2017

 

This year, 101st amendment of the constitution will introduce the GST (Goods and Service Tax) Act throughout India from 1st April onwards. The official announcement of the same will be made at the nation’s Union Budget scheduled to be presented next month by the finance minister.

It is the single (all inclusive) tax to be levied by the central and state government together to reduce the burden of businessmen from paying several other taxes in the form of Excise Duty, VAT, Service tax and others. However, you need not pay GST every time. It depends upon your annual turnover and transactions.

For traders, SMEs and businessmen, it is compulsory to pay GST tax and file returns after a certain threshold limit as prescribed by the government. Since 2017 is the first year of the GST implementation, some confusion might be in the minds of the people regarding GST registration procedure and payment.

The complete step-by-step instructions on how to register for GST online

  1. Create a login id on
  2. You have to give a correct email id, PAN number and mobile number to start the preliminary verification process.
  3. File GST REG-01 to start the online registration process.
  4. Once the verification is done then you have to fill FORM GST REG-02 and upload the necessary documents on the site.
  5. An officer will then give his nod whether your application is accepted or not.
  6. If the uploaded files and documents verification process are successful, you will receive FORM GST REG-06 within 72-hour. It means your registration is successful.
  7. However, if the officer finds that your application is incomplete or lacks veracity, he may direct you to furnish further details.
  8. Your application will then stand rejected and you will be informed within 3 days with REG-05 form.
  9. You need to resubmit the form again with additional details and further information as sought by the officer.
  10. If the officer finds your resubmitted application successful, then he will grant you a certificate as stated above in the Step-Vi.

Important Documents You Need While Registering for GST

  1. A color passport size photograph and its scanned copy ready.
  2. A Pan Card.
  3. The types of business organization you have (Partnership Deeds for partnership business) Certificate of Incorporation-COI (in case of company) and income tax returns (in case of sole proprietorship).
  4. Proof of address (electricity bill, LPG gas connection, NOC, AAdhaar Card or rent agreement) should be provided.
  5. Bank Account Details with IFSC code and 15-digit bank account Number.

It’s compulsory for every business man to get register for GST when his business transaction or turnover exceeds 19 lakh INR per annum. However, he doesn’t need to pay the GST tax immediately. He may need to pay GST tax only when his annual business turnover crosses Rs. 20 lakh in a year.

 

Step by Step procedure for GST registration in India

2017-04-03