GST Registration

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What is Goods and Services Tax (GST)?

The GST came into effect from July 1, 2017 through the implementation of 101 Amendment of the Constitution of India by the Government of India. This tax regime replaced existing multiple cascading indirect taxes levied by the central and state governments and brings uniformity in tax rates and tax structure across states.

GST is introduced as an unified indirect tax only, leviable in India on the supply of goods or services or both except taxes on supply of the alcoholic liquor for human consumption.

GST is levied at every step in the production process, but is refunded to all parties in the chain of production other than the final consumer. Thus, GST is basically a destination based tax as levied at a single point at the time of consumption of goods or services by the ultimate consumer.

Type of taxes under GST Regime:
  1. Central Goods and Service Tax (CGST) - levied on all supplies of goods and /or services in the course of intra-state trade or commerce
  2. State Goods and Service Tax (SGST) - levied on all supplies of goods and /or services in the course of intra-state trade or commerce
  3. Inter-State Goods and Service Tax (IGST) - levied on all supplies of goods and /or services in the course of inter-state trade or commerce
Advantages of GST:
  1. Cascading effect of tax is eliminated
  2. Beneficial for small businesses
  3. Easy and less compliances
  4. Effective and Efficient in many ways
  5. Controlled / Regulated Environment
Registration Under Goods and Services Tax Act, 2017
Who is required to be registered?

At present, If any person / entity falls in the under mentioned exhaustive list of compulsory registration, the supplier has to get registered in such manner as prescribed:

  • Every
    1. Supplier (other than compulsory required to be registered) of the goods or services or both
    2. Needs to register in relevant State or a Union Territory (from where he makes a taxable supply of goods or services or both)
    3. If turnover (aggregate value of all taxable supplies, exempt supplies, Exports, and inter-State supplies but excludes taxes)
    4. Exceeds Rs.20 lakhs.
    5. (For special category states namely AP, Assam, Nagaland, Mizoram, Sikkim, Uttarakhand, etc. limit is Rs 10 lakhs)
  • Any person / entity already registered under earlier tax regimes is liable to be registered under the CGST Act
  • Registration of Transferee or Successor in case of transfer / amalgamation / demerger of a Registered business by a taxable person
  • Casual Taxable person (person who occasionally supplies goods and/or services in a territory where GST is applicable but he does not have a fixed place of business in that territory)
  • Non Resident Taxable person (When a non-resident occasionally supplies goods/services in a territory where GST applies, but he does not have a fixed place of business in India. Under GST, he will be treated as a non-resident taxable person. It is similar to Casual Taxable person except the non-resident has no place of business in India
  • Agents of a Supplier
  • Comes under Reverse Charge Mechanism
  • Input Service distributor
  • Person supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered taxable person
Composition scheme for small businesses

Under GST, small businesses(Only Manufacturers of goods, Dealers, and Restaurants (not serving alcohol) with a turnover upto Rs 1.5 crore have been given benefit by giving them Option of Composition Scheme which gives an option to lower tax rates

This will brought down the tax and compliance burden on many small businesses.

Composition Scheme - Applicable GST Rate
Type of Business Menufacturer and Traders (Goods) Restaurants not serving slcohol
CGST
0.5%
2.5%
SGST
0.5%
2.5%
Total
1.0%
5%
Service Providers are not eligible for Composition Scheme
How To get Registration

Every person who is liable to be registered has to apply for registration in relevant State (from where he makes a taxable supply of goods or services or both), within thirty days from the date on which he becomes liable to registration. Registration number in GST will be PAN based and therefore, having PAN would be a prerequisite for obtaining registration.

The assessee must obtain separate registration for each State if operates in multiple states, as registration under GST will be State-wise.

The assessee has also an option to obtain a separate registration for each of the ‘business vertical’ in the same State, if operates from multiple places in same state or can obtain single registration in One state for multiple place of business.

Special provision for Casual/ non-residents
  1. They should apply at least five days before their commencement of business.
  2. Temporary registration will be granted for a period of 90 days or less (as per requirement), which can be extended for additional 90 days or less on producing sufficient cause.
  3. Advance deposit of tax equivalent to the estimated tax liability for the period for which the registration is sought to be made with Government
How to Apply
  • Step 1 - Application for Registration - Application has to be made in FORM GSTREG-01 on the common portal of GST in the prescribed manner with prescribed details / documents.
  • Step 2 - Processing of Application - The application and the accompanying documents shall be examined by the jurisdictional officer. If any further detail / documents are required notice will be issued to the applicant electronically in FORM GST REG-03.
  • Step 3 - Approval of Application - if the Application is found to be in order, registration will be granted to the applicant within a period of three working days from the date of submission of the application. if the Application is not found to be in order, registration / rejection will be granted to the applicant within a period of seven working days from the date of the receipt of clarification or information or documents in response of notice issued.
  • Step 4 - Deemed Registration - the application for grant of registration shall be deemed to have been approved
    1. If officer fails to take any action (Approval / issuance of notice) within 3 working days from the date of submission of the application or
    2. If failes to take any action (approval / rejection) within seven working days from the date of the receipt of clarification or information or documents in response of notice issued
  • Step 5 - Issuance of Registration Certificate After approval granted / deemed approval, Registration Certificate is issued to the person in the prescribed manner dully mentioning the date of registration. From the said effective date, the said taxable person is bound to make all GST related compliances.
Details / Documents Required:
  1. PAN Card of the entity
  2. Latest Bank Statement or Cancelled Cheque of the entity
  3. Certificate of Incorporation, / LLP Agreement / Partnership Deed, if applicable
  4. Proof of Address of premises with Utility Bill and Rent Agreement / NOC (if applicable)
  5. KYCs including photographs of Directors / Partners / Proprietor
  6. Details of goods / services traded
  7. Valid Email id and Phone No.
  8. Digital Signatures of Authorized person in case of person other than Proprietor.
  9. Additional documents as may be applicable on case to case basis.