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A step by step guide to GST registration in India

7/1/2017
A step by step guide to GST registration in India

Goods and Services taxes (GST) has been implemented across India from 1 July 2017. Any representatives or business entity that is right now enrolled under any current tax administration is required to get enrolled under GST. GST registration is required from each specialist and proprietor who is beforehand enlisted under any tax administration regardless of any threshold limit. The majority of the indirect taxes will come to end once GST is revealed, some of them are central excise duty, service tax, state VAT, Central Sales tax, entry tax, luxury tax, purchase tax, entertainment tax, state surcharges and tax on lotteries, this list is just demonstrative. Be that as it may, on the off chance that you are not enrolled under any tax administration and providing goods and services then you will be at risk to enlist only when your total turnover in any financial year surpasses the threshold limit. The current threshold limit under GST is not same at the all India level. The threshold limit determined by GST council is Rs. 10 lakh for the North Eastern states and for whatever remains of India the current threshold limit is Rs. 20 lakh.

Introduction to GST

GST will remove most of the indirect taxes and combine them in different tax slabs under the GST regime. By removing most of the indirect taxes GST will remove the difficulties in doing business thus creating a business friendly and hassle free system of business. From GST, it is expected that it will greatly increase the ease of doing business in India. GST is not an alien concept. GST is already in practice in around 160 countries across the world, India is joining the GST party so late. It is expected that it will boost the GDP by 1-2 % and reduce the cost of input by 10 %. The proposed GST law is not an ideal or perfect GST law. GST is drafted in such a way that it satisfies the need of state, political parties, center etc. But we should have to understand that nothing is ideal in this world. Basic customs duty, property tax, alcohol, tobacco and petroleum are outside the purview of GST.

GST Registration Process

GST registration process is simple. GST registration process is online and the portal is approved by the central government. The government also ensures that they will appoint GST Suvidha Providers (GSP) to help businesses and business entities with the GST registration process. Here we are providing the step by step mechanism for the GST registration process in India.

Step 1- Every existing taxpayer under any tax regime is required to visit on GST registration portal by going through the GST website.

Step 2- Click on the new user login and then select the check box to give your consent to the terms and condition.

Step 3- Enter your details provided by the VAT department such as provisional ID, temporary password and then press login.

Step 4- Enter your mail Id and contact numbers, then press continue.

Step 5- You will receive a one-time password (OTP) on your e-mail and mobile number. Enter the OTP in the required field and click on continue button.

Step 6- Enter username and password for any future login. Enter some security question which will help you in case you forget the password.

Step 7- Now you are required to visit again on GST portal and click on existing user login. Now, log in with your credentials means username and password which you have created in step 6.

Step 8- After logging in your account you are required to fill some detail, upload required documents then click on save and continue.

Step 9- Fill the details about proprietors and partners in your Firm.

Step 10- You are required to fill the details of Authorized Signatory.

Step 11- Enter details and upload the required document and then click save and continue.

Step 12- Fill the details about the principal place of your business.

Step 13- Enter the commodity details and click save and continue.

Step 14- Fill the details about the bank account and upload the required documents.

Step 15- Click on verification button and submit Digital signature certificate (DSC). Please note that DSC is required in case of LLP and companies.

Step 16- Click on Submit button to save and update the information and document provided by you.

Step 17- Click proceeds and then click sign from the pop-up window.

Step 18- If your submission is successful then it will show a message on the screen.

Please note that the success message is displayed after the validation of DSC PIN. You will receive the acknowledgment mail and message in next 15 minute on your mail and mobile number. Application Reference Number (ARN) will be sent to your e-mail address and the mobile number provided by you.

How to check your GST registration status?

More than 60 lakh taxpayers enrolled with GST Portal between 8th November 2016 and 30th April 2017. The Enrolment process has closed with effect from 1st May 2017. Data of all those who have signed the enrolment form will be migrated to the new GST System. Here we are providing the way to check the progress of your GST registration.

1. Go to GST registration portal.

2. Click on existing user login button.

3. Type your credentials means username and password.

4. Then a welcome page is displayed click on the continue button.

5. The dashboard is displayed from there click on the “my saved application” icon. Here status of your application is displayed you can check the current status of your GST registration.