Do I need to register for GST no registration in India?
GST no registration in India
GST registration is one of the most important feature for a new business in India. GST registration has been made mandatory for certain businesses. From now onwards, we are going to start a new series on FAQs related to GST. Let us have a look at FAQs on fresh GST registration-
What is a GST registration?
GST Registration of a business with the tax authorities implies obtaining a unique, 15-digit Goods and Service Tax Identification Number (GSTIN) from the GST authorities so that all the operations of and the data relating to the business can be collected and correlated. In any tax system this is the most fundamental requirement for identification of the business for tax purposes or for having any compliance verification program.
Why should i obtain a GST registration?
Registration under Goods and Services Tax (GST) regime will confer the following advantages to a business:
1. Legally recognized as supplier of goods or services.
2. Proper accounting of taxes paid on the input goods or services which can be utilized for payment of GST due on supply of goods and/or services by the business.
3. Pass on the credit of the taxes paid on the goods and/or services supplied to purchasers or recipients.
4. Authorization to a taxpayer to collect tax on behalf of the Government.
Do i need to register under the GST act?
Registration under the GST Act is mandatory if your aggregate annual PAN-based turnover exceeds INR 20,00,000 (Rupees Twenty Lakhs) however the threshold for registration is INR 10,00,000 (Rupees Ten Lakhs) if you have a place of business in Arunachal Pradesh, Assam, Himachal Pradesh, Jammu & Kashmir, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura, or Uttarakhand. Regardless of your turnover, registration is mandatory if
– You make Inter-State Supplies
– You supply goods through an E-commerce portal
– You are a/an
- Service Provider
- Agent for Registered Principal
- Liable to Pay Reverse Charge
- Non-resident Taxable Person
- Casual Taxable Person
- Input Service Distributor
- TDS/TCS Deductor
- E-commerce Operator
- An online data access and retrieval service provider
Where and How can I apply for registration under the GST Act?
You can apply online for a GST no Registration using the GST web portal. No physical application is required. Alternatively, you may use the offline utility provided on the GST Website. It is important to note, even though you are using the Offline Utility for Registration, the process is still paperless and online since you are uploading the application online.
What are the prerequisites for registration on the GST Portal?
To apply for a new registration, you must have
– PAN card/details of your business
– Valid and accessible e-mail ID and Mobile Number
– Documentary proof of constitution of your business
– Documentary proof of promoters/partners
– Documentary proof of principal place of business
– Details of additional places of business, if applicable
– Details of Authorized Signatories including photographs and proof of appointment
– Details of Primary Authorized Signatory
– Business bank account details along with bank statement or first page of bank passbook
– Valid Class II or Class III DSC of authorized signatory in case of companies and LLPs;
valid Class II or Class III DSC or Aadhaar (for E-Sign option) in case of other entities.
Note: Your mobile number should be updated with the Aadhaar authorities otherwise
you cannot use E-Sign option because OTP will be sent to the number in the Aadhaar database.
I don’t have a Permanent Account Number (PAN). What should I do?
Before you apply for a GST no Registration as a normal taxpayer, it is mandatory to obtain a PAN except for TDS registration which is possible through TAN. Click here to apply for PAN.
Is the new registration application available in any language other than English?
Yes, the new registration application is available in 18 Indian languages. The default language is English however you can click on English and a dropdown will appear from where you can select your preferred language. Please note that while all the fields and descriptions will appear in your preferred language, form filling can only be done in English.
Will I need to upload my photograph?
Yes, you are required to upload your photograph, and the photographs of all
promoters/partners/kartas/directors/authorized signatories. The photographs must be in JPEG format and the file size should not exceed 100 KB.
To read 2nd part of this series. Click on following link. You can read more articles like these here and you can also contact us for further guidance.
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