Three years ago, the Indian government took the most extraordinary step that was going to transform the taxation system in the country of 1.3 billion people. It introduced GST as a single indirect tax to replace the cascading effect of multiple taxes.
GST is mandatory for individuals and entities providing goods and services in the country. If your turnover exceeds the value of INR 20 lakh per annum, you must register and pay GST to avoid any penalties.
As a new startup, the very first step is to register on the GST portal to get a GSTIN and GST certificate, which are essential for gst online payment.
GST Registration procedure
If you follow all the taxation laws of gst gov, it will recognise your business as a legal contributor to the economy. Here is the guide for GST registration that you can follow to avoid confusion and any possible mistakes.
Step 1: Go to the GST Portal
Access the GST Portal -> Services -> Registration > New Registration option.
Step 2: Generate A Temporary Reference Number (TRN)
The next step is to generate a TRN by filling the below-mentioned details on the displayed GST registration page.
- Choose the taxpayer type
- Select the State
- Mention the name of your business as on PAN card
- Enter the PAN of company, LLP or proprietor accordingly
- Provide the email ID, Mobile number and authorised signature
- Click on proceed.
After submitting all the above details, an OTP verification page will be displayed. There will be two different OTP to validate the email and mobile number. Enter the OTP in the respective given fields within 10 minutes.
After the successful completion of OTP verification, the TRN number will be generated. This TRN number is essential as it will be used to complete and submit the GST registration application.
Step 3: Log In with TRN
After generating TRN, you will be able to start the application process for GST registration as follow:
- Enter the TRN in the given field
- Complete the captcha
- Verify OTP for mobile and Email
Step 4: Enter the Business Details
After logging into the GST portal using TRN, you will see multiple tabs on the screen, business details being first of them.
- Enter the trade name.
- Provide the business constitution.
- Enter the jurisdiction details with state and other details.
- Select the appropriate commissionerate code, Division Code, and Range Code from the respective drop-down lists.
- Opt for composition scheme if needed.
- Provide commencement date of business.
- Select the date on which the aggregate turnover threshold was crossed.
- Click on save and continue.
Step 5: Provide Promoter Information
After submitting the business information, you will be taken to the next tab, where you will need to provide the details of promoters, directors, or proprietors. You will need to submit the below-mentioned details on the current tab.
- Personal details including name, DOB, address, mobile number, email ID, and gender of the stakeholder.
- Promoter’s designation
- DIN of the promoter
- Citizenship details
- Aadhar and PAN details
- Details of residential address
Step 6: Submit the information of Authorised Signatory
After submitting the information of business and promoters, you will need to provide the authorised signatory information. The promoters of the company nominate a person who shall be responsible for filling the GST returns of the company.
The authorised signatory will have complete access to the GST portal, along with a wide range of transactions on behalf of the promoters.
Step 7: Provide Details Of Principal Place Of Business
In this section, You must provide details of the primary location within the state where you operate your business. In the case of LLP or company, the registered office should act as a principal place of business.
If you operate in SEZ, you will need to choose,’ others’ in the nature of possession, and upload the documents that can act as proof of your ownership. These documents can be the latest tax receipt, copy of valid rent, or consent letter.
If you have an additional place of business, enter its details in the respective tab. For instance, A seller’s warehouse can act as an additional place of business.
These were the primary steps for the GST registration. Once you complete the above steps, follow the below-mentioned steps:
- Provide details of Goods and services with HSN & SAC codes
- Submit the bank details along with statement and passbook
- Verify the application & digitally sign the application using DSC
- Save the generated ARN to check the status of the application.
The process of GST registration can feel like a task in itself for someone who is not familiar with taxation. If you follow the above steps as mentioned, you will be able to register for GST number and certificate without any issues.