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GST Registration is compulsory for companies with turnover over Rs 40 Lakhs and Rs 20 Lakhs for special category states. Sellers are obligated to register themselves for Goods and Services Tax (GST) since 1st July 2017. The said GST is a form of indirect tax in India and encompasses categories like service tax, excise duty, entry tax, and customs duty into a solo tax scheme. Accordingly, it envisions to reduce the complexities in the tax returns while carrying out business. Further, the complete enrollment process is paper-free, which is taking place online. On registration, the applicant will receive a unique identification number- GSTIN. Consequently, the number from the central government is a region-specific 15- digit number.
Any individual enrolled for GST will enjoy the following benefits:
Irrespective of the limit certain entities like individuals using e-commerce for supply, non-resident or casual taxable people must obtain GST registration. That apart, the general limits are listed here on:
Special Category Status: the states under this category are: Arunachal Pradesh, Assam, Jammu and Kashmir, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura, Himachal Pradesh, and Uttarakhand.
Regardless of however small the business, many vendors enroll themselves for the following reasons:
The units under GST are entitled to certain responsibilities, such as:
Emphasized earlier, the whole GST Registration process is digital and thus does not waste paper. Therefore, on registration, no hard copy will be given out.
This step is issuing of the Temporary Registration Number (TRN), this requires a phone number, PAN, and email ID
2. Following that, fill the fields in the page duly (PAN card, contact number, and email ID)
3. Subsequently, verify using the OTPs received in email and phone respectively (Valid only 10 minutes)
4. Next, the TRN will be generated
5. Use the TRN to log in again in the same manner “Services> Registration> New registration> TRN number.
6. Enter the TRN number and the captcha text in their respective fields
7. Once again, verify using OTP (New OTP, not the previously generated one)
8. This will lead you to “My saved application”
9. Fill the same and submit within 15 days. In other words, the website automatically deletes the details and one has to start from the beginning after 15 days.
Care must be taken to fill all the fields with correct information
Verification can be by three methods- by DSC, by e-signature and by EVC. Subsequently, submit the application. Following that the applicant will receive an Application Reference Number (APN) via SMS and email. This is an indication to confirm the registration.
After the submission, it will take about 5 to 10 days to obtain a GST certificate. In such a case, the status will change to approved. Accordingly, generates unique GSTIN along with login and password details to log into the GST website. Consequently, after 3 to 4 days after receiving GSTIN, the applicant can download the GST certificate.
Go to the same website, and click on services. Next, choose the User services options. Following that will lead to the view and download option, click on the Download option and obtain the certificate.
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