GST Registration, Company Registration in India

GST REGISTRATION ONLINE IN INDIA

What Is GST Registration?

GST Registration is an online process where the GST Law implies that any business entity should obtain a unique number by the concerned tax authority for collecting the tax and for availing Input Tax Credit (ITC).

It is a PAN-based and state-specific registration. The supplier is allotted a 15-digit GST Identification Number (GSTIN), and the certificate of registration is made available for the applicant on the portal.

Voluntary registration is also allowed by GST Portal.

Who Needs To Register For GST In India?

Under the GST regime, the tax is payable by the registered taxable person on the supply of goods and services. Here we have mentioned who needs to get registered under GST mandatorily.

Liability to pay tax arises when the taxable person crosses the turnover threshold of Rs 20 lakhs (Rs 10 Lakhs for NE and the Special Category States) except in certain specified cases where the taxable person is liable to pay GST even though he has not crossed the threshold limit

Inter-State Suppliers

Having multiple branches in multiple states

Casual Taxable Person

A person who is required to pay under Reverse Charge Mechanism (if the supplier is unregistered under GST)

A person who must take Input Tax Credit

E-Commerce operators, supplying goods or service

Non- Resident Taxable Person

*Casual taxable person means the person whose place of business is not fixed and occasionally undertakes transactions involving the supply of goods or services or both.

*Non-Resident Taxable Person means the person whose place of business is not fixed or is not the resident of India and occasionally undertakes transactions involving the supply of goods or services or both.

Documents Required For Private Limited Company (Pvt. Ltd)/Public Company (Limited Company)/One Person Company (OPC):

Company Documents

PAN Card of the company

Registration Certificate of the company

Memorandum of Association (MOA) /Articles of Association (AOA)

Copy of Bank Statement

Declaration to comply with the provisions

Copy of Board resolution

Director Related Documents

PAN and ID proof of directors

Registered Office Documents

Copy of electricity bill/landline bill, water Bill

No objection certificate of the owner

Rent agreement (in case premises are rented)

Required Document For LLP Registration

PAN card of the LLP

Registration Certificate of the LLP

LLP Partnership agreement

Copy of Bank Statement of the LLP

Declaration to comply with the provisions

Copy of Board resolution

Designated Partner Related Documents

PAN and ID proof of designated partners

Registered Office Documents

Copy of electricity bill/landline bill, water Bill

No objection certificate of the owner

Rent agreement (in case premises are rented)

Documents Required For Normal Partnerships

Partnership Documents

PAN card of the Partnership

Partnership Deed

Copy of Bank Statement

Declaration to comply with the provisions

Partner Related Documents

PAN and ID proof of designated partners

Registered Office Documents

Copy of electricity bill/landline bill, water Bill

No objection certificate of the owner

Rent agreement (in case premises are rented)

Documents Required For Sole Proprietorship/Individual

Individual Documents

PAN card and ID proof of the individual

Copy of Cancelled cheque or bank statement

Declaration to comply with the provisions.

Registered Office Documents

Copy of electricity bill/landline bill, water Bill

No objection certificate of the owner

Rent agreement (in case premises are rented)

Compliance After Registration

To register under GST, click on the Govt. GST Portal www.gst.gov.in

Click on the Service tab on the Menu

You will have four options: Registration, Payments, User Services, and Refunds

Click on Registration and then on New Registration

You will be directed to Part – A of the form to fill in all the basic details like is the person a taxpayer, GST Practitioner, Tax Detector, etc., the State, District, Legal Name of Tax detector (According to PAN), PAN.

Enter the Email ID and Mobile No. on which OTP could be sent

A One Time Password (OTP) would be sent to verify by the GST Portal

Based on the business you will have to upload a few documents

After the Documents are submitted, the Application Reference Number (ARN) is generated and is sent to you via email and SMS on the registered mobile number

GST Officer will verify and either approve the application or would request to provide more document or details till the authority have all the information to approve

Types Of Audit Under GST

Audit under GST is the process of examination of records, returns, and other documents maintained by a taxable person. The purpose is to verify the correctness of turnover declared, taxes paid, refund claimed and input tax credit availed, and to assess the compliance with the provisions of GST.

How To Register For GST?

There is much compliance in GST, for which, if not complied properly, high penalties can be charged.

List of three basic compliance’s is listed as below:

Details of Invoice: The details of every invoice are required to be furnished in the GST returns

3 Returns: There are 3 monthly returns to be filed by invoices (GSTR- 1, 2, and 3)

Annual Return: There is also an annual return to be filed (GSTR- 9)

Penalties For Not Registering Under GST

Not registering under GST is an offense under Section 122. The Act has listed down 21 offenses in section 122, apart from the penalty that is prescribed under section 10 for availing compounding by a taxable person who is ineligible for it.

[Read: Penalties under the GST Act]

FAQ Series on GST Company Registration

When Will I Receive GSTIN Certificate And How?

After the registration request is made, the GSTIN certificate will be received within 8 -10 working days, and it will be received online. And the certificate will be made available on GST Portal.

Is PAN Mandatory For Registering Under GST?

Yes, PAN is mandatory for the resident of India.

What Is The Validity Of GST Certificate?

The validity of the GST certificate is forever. It is just a one-time certificate.

Who Is A Primary Authorized Signatory?

The primary authorized signatory is the person who is primarily responsible for acting on the GST System Portal on behalf of the taxpayer. >What Is GST Registration?

GST Registration is an online process where the GST Law implies that any business entity should obtain a unique number by the concerned tax authority for collecting the tax and for availing Input Tax Credit (ITC).

It is a PAN-based and state-specific registration. The supplier is allotted a 15-digit GST Identification Number (GSTIN), and the certificate of registration is made available for the applicant on the portal.

Voluntary registration is also allowed by GST Portal.

Who Needs To Register For GST In India?

Under the GST regime, the tax is payable by the registered taxable person on the supply of goods and services. Here we have mentioned who needs to get registered under GST mandatorily.

Liability to pay tax arises when the taxable person crosses the turnover threshold of Rs 20 lakhs (Rs 10 Lakhs for NE and the Special Category States) except in certain specified cases where the taxable person is liable to pay GST even though he has not crossed the threshold limit

Inter-State Suppliers

Having multiple branches in multiple states

Casual Taxable Person

A person who is required to pay under Reverse Charge Mechanism (if the supplier is unregistered under GST)

A person who must take Input Tax Credit

E-Commerce operators, supplying goods or service

Non- Resident Taxable Person

*Casual taxable person means the person whose place of business is not fixed and occasionally undertakes transactions involving the supply of goods or services or both.

*Non-Resident Taxable Person means the person whose place of business is not fixed or is not the resident of India and occasionally undertakes transactions involving the supply of goods or services or both.

Documents Required For Private Limited Company (Pvt. Ltd)/Public Company (Limited Company)/One Person Company (OPC):

Company Documents

PAN Card of the company

Registration Certificate of the company

Memorandum of Association (MOA) /Articles of Association (AOA)

Copy of Bank Statement

Declaration to comply with the provisions

Copy of Board resolution

Director Related Documents

PAN and ID proof of directors

Registered Office Documents

Copy of electricity bill/landline bill, water Bill

No objection certificate of the owner

Rent agreement (in case premises are rented)

Required Document For LLP Registration

PAN card of the LLP

Registration Certificate of the LLP

LLP Partnership agreement

Copy of Bank Statement of the LLP

Declaration to comply with the provisions

Copy of Board resolution

Designated Partner Related Documents

PAN and ID proof of designated partners

Registered Office Documents

Copy of electricity bill/landline bill, water Bill

No objection certificate of the owner

Rent agreement (in case premises are rented)

Documents Required For Normal Partnerships

Partnership Documents

PAN card of the Partnership

Partnership Deed

Copy of Bank Statement

Declaration to comply with the provisions

Partner Related Documents

PAN and ID proof of designated partners

Registered Office Documents

Copy of electricity bill/landline bill, water Bill

No objection certificate of the owner

Rent agreement (in case premises are rented)

Documents Required For Sole Proprietorship/Individual

Individual Documents

PAN card and ID proof of the individual

Copy of Cancelled cheque or bank statement

Declaration to comply with the provisions.

Registered Office Documents

Copy of electricity bill/landline bill, water Bill

No objection certificate of the owner

Rent agreement (in case premises are rented)

Compliance After Registration

To register under GST, click on the Govt. GST Portal www.gst.gov.in

Click on the Service tab on the Menu

You will have four options: Registration, Payments, User Services, and Refunds

Click on Registration and then on New Registration

You will be directed to Part – A of the form to fill in all the basic details like is the person a taxpayer, GST Practitioner, Tax Detector, etc., the State, District, Legal Name of Tax detector (According to PAN), PAN.

Enter the Email ID and Mobile No. on which OTP could be sent

A One Time Password (OTP) would be sent to verify by the GST Portal

Based on the business you will have to upload a few documents

After the Documents are submitted, the Application Reference Number (ARN) is generated and is sent to you via email and SMS on the registered mobile number

GST Officer will verify and either approve the application or would request to provide more document or details till the authority have all the information to approve

Types Of Audit Under GST

Audit under GST is the process of examination of records, returns, and other documents maintained by a taxable person. The purpose is to verify the correctness of turnover declared, taxes paid, refund claimed and input tax credit availed, and to assess the compliance with the provisions of GST.

How To Register For GST?

There is much compliance in GST, for which, if not complied properly, high penalties can be charged.

List of three basic compliance’s is listed as below:

Details of Invoice: The details of every invoice are required to be furnished in the GST returns

3 Returns: There are 3 monthly returns to be filed by invoices (GSTR- 1, 2, and 3)

Annual Return: There is also an annual return to be filed (GSTR- 9)

Penalties For Not Registering Under GST

Not registering under GST is an offense under Section 122. The Act has listed down 21 offenses in section 122, apart from the penalty that is prescribed under section 10 for availing compounding by a taxable person who is ineligible for it.

[Read: Penalties under the GST Act]

FAQ Series on GST Company Registration

When Will I Receive GSTIN Certificate And How?

After the registration request is made, the GSTIN certificate will be received within 8 -10 working days, and it will be received online. And the certificate will be made available on GST Portal.

Is PAN Mandatory For Registering Under GST?

Yes, PAN is mandatory for the resident of India.

What Is The Validity Of GST Certificate?

The validity of the GST certificate is forever. It is just a one-time certificate.

Who Is A Primary Authorized Signatory?

The primary authorized signatory is the person who is primarily responsible for acting on the GST System Portal on behalf of the tax

For More Details Contact Or Visit Us:

Contact No: +91-8209644311

Our Website: https://www.arvian.in