What is GST Registration?
GST (Goods and Services Tax) registration is mandatory for businesses that exceed the specified turnover threshold or engage in interstate trade. It allows businesses to legally collect and remit GST to the government, ensuring compliance with tax laws.
Who Needs GST Registration?
GST registration is required for:
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Businesses with an annual turnover exceeding ₹40 lakh (₹20 lakh for special category states).
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Service providers with a turnover exceeding ₹20 lakh (₹10 lakh for special category states).
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Businesses engaged in interstate trade.
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E-commerce operators and online sellers.
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Casual taxable persons and non-resident taxable persons.
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Input service distributors and agents of a supplier.
Documents Required for GST Registration
To apply for GST registration online, you need the following documents:
| Entity Type | Required Documents |
|---|---|
| Sole Proprietor / Individual | – PAN card of the proprietor – Aadhaar card of the proprietor – Address proof : Electricity bill and rent agreement or Consent Letter |
| LLP / Partnership Firm |
– PAN card of the LLP/Partnership firm Note: Rent Agreement or Consent Letter is to be in – Authorization letter or board resolution |
| Company (Private / Public) |
– PAN card of the company Electricity bill and rent agreement or Consent Letter Note: Rent Agreement or Consent Letter is to be in – Authorization letter or board resolution |
| Foreign Company | – Registration certificate from the foreign authority – Taxpayer Identification Number (TIN) – Passport of the authorized signatory – Bank account details in India – Business address proof in India |
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PAN Card of the partnership firm or company or proprietor.
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Aadhaar Card of the proprietor or authorized signatory.
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Business registration proof (Partnership Deed, Company Incorporation Certificate, etc.).
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Address proof (Electricity bill, Rent Agreement, etc.).
GST Registration Process
Follow these steps to register for GST online:
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Visit the GST Portal (www.gst.gov.in) and click on ‘Register Now’.
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Fill in the details such as PAN, mobile number, and email for OTP verification.
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Receive a Temporary Reference Number (TRN) and use it to proceed.
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Fill in the application form (GST REG-01) with business details and upload documents.
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Submit the application using DSC or Aadhaar OTP.
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Receive ARN (Application Reference Number) for tracking the status.
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Verification & Approval – If all details are correct, the GSTIN (GST Identification Number) is issued within 7 working days.
GST Registration Fees
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Government Fee: No government fee for GST registration.
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Professional Fee: If opting for expert assistance, fees may vary from ₹500 to ₹3,000 depending on the service provider.
GST Registration Penalty
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Failure to register: A penalty of 10% of the tax due (minimum ₹10,000) for non-compliance.
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Deliberate tax evasion: A penalty of 100% of the tax due.
Expert Assistance for GST Registration
While GST registration can be done online for free, seeking expert assistance ensures:
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Error-free submission.
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Timely approval and GSTIN issuance.
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Proper documentation and compliance.
Conclusion
GST registration is crucial for businesses to operate legally and avail tax benefits. Whether you apply independently or seek expert help, timely registration ensures compliance and avoids penalties. Get started with GST registration today to streamline your tax obligations!
Our team of CA in Jaipur, will be happy help with any queries related to GST Registration in India. Feel free to write or connect for any query.