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GST Registration in India

Are you facing technical issues during the GST registration process with no one to guide you? Streamline your GST consultation with Corpbiz for effortless registration.

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GST Registration- An Overview

If you are looking for GST registration to empower your business legally, you are at the right place.

The Goods and Services Tax, popularly known as GST, was introduced on July 1, 2017, as a replacement for various central and state-level taxes, including Service Tax, Excise Duty, CST, Entertainment Tax, Luxury Tax, and VAT. GST introduction has since ensured the streamlining of the tax process in India. GST registration is mandatory for traders, service providers, manufacturers, and freelancers.

GST has united various indirect taxes, including VAT, service tax, and excise duty, into a unified single tax system. The consolidation of multiple taxes restructured as GST has streamlined compliance, lowered tax evasions, eliminated the domino effect of taxes, promoted the ease of doing business, and boosted the efficacy of the country’s economy.

Talk to consultants at Corpbiz and enjoy easy and timely GST registration in India.

What is a GST Registration Certificate?

GST registration certificate is an official document issued by the Government of India to business entities registered under the Goods and Services Tax (GST) framework. GST certificate stands as a testimony to the entity’s legal standing and legitimate registration under GST. However, the certificate further displays critical information, including the GST identification number, business name, and the official address of the business.

The GST Certificate is important for accomplishing tax obligations and crucial in cementing an entity’s credibility and operational legality. Furthermore, the GST registration verification is of utmost importance for any business. It is essential for LLPs, OPCs, private limited companies and public limited companies as well.

What are the Benefits of GST Registration?

GST registration offers a variety of benefits to individuals and business entities, and these include the following:

  • Regulatory Compliance
  • GST registration safeguards the interests of individuals and business entities operating in India. It ensures their legal and tax compliance, thus saving them from paying penalties for violations.
  • Easy Compliance
  • GST registration is not a complicated process. It helps business entities streamline their processes for filing tax returns and making online payments.
  • Maintains Transparency
  • GST registration allows business entities to maintain updated business records. This helps build a sense of reliability and facilitates operational transparency.
  • Legal Protection
  • GST registration safeguards the legal and regulatory standards of the business, thereby protecting their legal rights.
  • Improve Credit Score
  • The businesses that manage their GST and other regulatory compliances easily boost their credit profile.
  • Market Advantage
  • Businesses with GST registration earn the trust of their customers, which in turn attracts more business opportunities for them in the future.
Eligibility Criteria for New GST Registration

GST registration is essential for certain businesses and service providers. The eligibility criteria for applying for mandatory new GST registration include the following:

Eligibility Checklist for Filing GST Registration

  • Businesses having an aggregate annual turnover of more than INR 40 Lakhs must apply for GST registration. However, for any special category state, the threshold amount is INR 20 Lakhs.
  • All service providers with an aggregate annual turnover of over INR 20 Lakhs must apply for GST registration. However, the limit for any special category states has been set at INR 10 Lakhs.
  • The business or service provider dealing with goods and services is exempted from the purview of the GST and is not required to fulfill these thresholds.
  • Businesses previously registered under the old tax structures, such as Excise, Service Tax, VAT, etc., are required to shift to the newer GST structure.
  • Even if certain individuals and business entities are non-residents and do not reside in India but are involved in taxable dealings within India, they are required to obtain GST registration.
  • Entities indulged in the business of offering information online, database access, or retrieval services from outside India to any individuals in India, except for the ones who have an existing GST, are also required to obtain a GST registration certificate.
Other Entities Eligible to Apply for GST Registration
  • Any individual or business dealing with goods supplied across state boundaries.
  • Businesses that are bound by the framework to pay tax under the reverse charge.
  • Input service distributors and their agents or representatives.
  • All operators and aggregators delivering goods and services through e-commerce platforms.
  • Anyone who undertakes taxable supply (if applicable).
  • Anyone who is identified as a representative and supplies goods and services on behalf of the main falls under this category.
  • Any individuals or businesses, which deliver goods and services through e-commerce aggregators.
Documents Required for GST Registration Online

In order to ensure successful GST registration, several documents are required. The documents required for GST registration online in India are showcased below:

  • Applicant’s PAN Card
  • Applicant’s Aadhar Card
  • Proof of business registration/ Company Registration Certificate of Incorporation
  • Identity proof of Promoters/Director
  • Address proof of Promoters/Director
  • Photographs of Promoters/Director
  • Address proof of the place of business
  • Bank Account statement/Cancelled cheque
  • Digital Signature Certificate (DSC)
  • Lease/Rent Agreement
  • Letter of Authorization/Board Resolution for Authorized Signatory
How to Apply for GST Registration Online?
The process of GST registration is now easy and simple. The step-by-step guide to apply for GST registration online are mentioned below-
  • Apply on GST Portal
  • The applicant must visit the GST portal and provide all the relevant details, such as the legal business name, PAN, email ID, mobile number, district, and state.
  • Authenticate OPT
  • Once the details are submitted, the applicant receives an OTP on their registered mobile number and email ID.
  • TRN Generated
  • Once the OTP is verified, the applicant must send the TRN number duly generated via email.
  • Submission for Verification
  • Next, the applicant needs to submit the details related to the promoters/partners, place of business, business details, authorized signatory, state, Aadhar authentication and verification.
  • Receive ARN Confirmation
  • Once the applicant saves and continue filing with the form, the ARN confirmation number is generated via SMS.
  • Tired of the complex GST registration process? Contact consultants at Corpbiz and enjoy worry-free registration.

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