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Frequently Asked Questions
Goods and Service Tax, popularly known as GST, was launched on the 1st of July, 2017. It replaced all indirect taxes levied on goods and services by the central and state governments, and liberated India from its complex indirect taxation structure.
GST is an attempt by the central government to subsume all other taxes, to remove the taxation barriers and create a single market that is open to all to buy, sell, import and export within the country.
In this article, we will learn about the eligibility criteria and the process of registration for GST.
Under the new GST regime, all entities involved in buying or selling goods, providing services or both are required to obtain GST registration. Entities without GST registration would not be allowed to collect GST from a customer, claim input tax credit of GST paid and could even be penalized.
Below mentioned list will help you understand your eligibility for GST:
There are several documents that will be required to register for GST. Below mentioned is a detailed list of the same.
This is because GSTIN (Goods & Service Tax Identification Number) is linked to the PAN of the business.
Documents like PAN, Passport, Driving license, Aadhaar card or Voters identity card of all the directors, partners or promoters must be submitted for Identity proof and address proof.
All documents verifying the registration of the business must be submitted by all registered entities. The documents may differ depending on the type of registration.
All documents that verify the place of business operations mentioned in the GST registration application must be submitted. These include rental agreement or sale deed, copies of electricity bill or latest property tax receipt or municipal khata copy.
An attested and scanned copy of the first page of bank passbook must be submitted. This copy must be for the bank account mentioned in the registration application and must also include few transactions and address of the business.
All GST registration applications are mandatorily required to be signed and submitted by authorized signatory using Class 2 or 3 digital signatures. In case of proprietorship, a digital signature is not required.
Registrations for GST can be done online using the official portal of GST maintained by the Central Government or State Government. Government will also appoint GSPs (GST Suvidha Providers) to help businesses with the registration process. All existing taxpayers with provisional ID and password, normal taxpayer/ Composition/ Casual Taxable Person/ ISD / SEZ Developer/ SEZ Unit and GST Practitioner must register for GST. Here's the process to register:
To learn more about GST registration and the different forms for other stakeholders read this tutorial.
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A step by step process to register for GST.