GST Registration Services

What is GST Registration?

GST Registration is the process by which a business is recognized under the Goods and Services Tax (GST) law. Upon registration, the business is assigned a unique 15-digit Goods and Services Tax Identification Number (GSTIN).

Registration allows a business to legally collect tax from customers and claim Input Tax Credit (ITC) on taxes paid on purchases.

Who Needs to Register for GST?

GST registration is mandatory for:

• Turnover Basis: Businesses with an annual aggregate turnover exceeding ₹40 lakhs (for goods) or ₹20 lakhs (for services). For Special Category States, the limits are ₹20 lakhs and ₹10 lakhs respectively.
• Inter-State Supply: Anyone making inter-state taxable supplies of goods.
• E-commerce Operators: Every e-commerce operator and sellers selling through them.
• Casual Taxable Persons: Individuals who occasionally supply goods/services in a territory where they don't have a fixed place of business.
• Reverse Charge: Persons who are required to pay tax under the reverse charge mechanism.
• Non-Resident Taxable Persons: Non-residents making taxable supplies in India.

Documents Required for GST Registration

The documents vary slightly based on the business constitution:

• PAN Card: Of the business or proprietor.
• Aadhaar Card: Of promoters/partners/directors.
• Proof of Business Registration: Incorporation Certificate, Partnership Deed, etc.
• Identity & Address Proof: Of promoters/directors with photographs.
• Address Proof of Business: Electricity bill, rent agreement, property tax receipt, or NOC.
• Bank Account Proof: Cancelled cheque or bank statement.
• Digital Signature (DSC): For companies and LLPs.

Step-by-Step Registration Process

1. Generate TRN: Visit the GST portal, enter PAN, mobile number, and email to generate a Temporary Reference Number (TRN).
2. Fill Application: Log in with TRN and fill Part B of Form GST REG-01 with business details, promoter info, and place of business.
3. Upload Documents: Upload the required documents in the specified format.
4. Submit Application: Verify using DSC or EVC and submit. An Application Reference Number (ARN) will be generated.
5. Verification: The tax officer verifies the application. They may ask for clarifications if needed.
6. Grant of Registration: If approved, the Registration Certificate (Form GST REG-06) is issued digitally.

Types of GST Schemes

Businesses can choose between two main schemes:

• Regular Scheme: For businesses with turnover above ₹1.5 Crore (or those who voluntarily opt for it). They can claim ITC but have to file monthly/quarterly returns.
• Composition Scheme: For small businesses with turnover up to ₹1.5 Crore (₹75 lakhs for some states). They pay a lower fixed rate of tax on turnover but cannot claim ITC and cannot collect tax from customers.