GST stands for Goods and Services Tax, which was imposed on 1st July, 2017. This is an indirect tax, charged for the supply of services and goods in India. GST was imposed in order to ensure that the indirect tax mechanism gets a uniformity. In the process, the GST eliminated the other indirect taxes like service tax, VAT and Excise duty, that were levied previously. The ‘One nation one tax’ concept pushed the concept of GST. When an applicant submits an application for GST, the GST officer will verify the same, along with other mandatory documents. After that, the GSTIN and GST registration certificate will be issued. Applicants should note that the authorities will not issue any hard copy of the GST certificate. One can visit the GST website and download the registration certificate for GST.
Who should register for GST?
In case you run a business with an annual turnover more than INR 40 lakhs for the supply of goods or INR 20 lakhs for the supply of goods or services, you should apply for GST registration.
How can you register for GST online?
• Log into the official portal of GST for registration at the outset
• Now, you need to fill up Form-1 of GST Registration Part A by the professional
• A reference number will be provided through the mobile number and email ID
• The second part of the registration form has to be filled up and upload the necessary documents
• The government of India will issue the Certificate of Registration when the authorities approve your application
What documents should you submit?
• Accessible and valid mobile number and email ID
• Details of your business or PAN card
• Documentary proof of the principal place from where you carry out business
• Documentary proof of partners or promoters
• Documentary proof of your business construction
• Other additional place details, if needed
• Primary authorized signatory details
• Details of valid signatures, including appointment proof and photographs
• Details of business account, along with the first page of passbook of bank or bank statement
• For LLPs or companies, an authorized Class II or Class III DSC authorized signatory would be needed
• For other entities Aadhaar card would be required for e-sign option, and authorized Class II or Class III DSC would also do