How to register for GST online India

What is GST and GST Registration Process for Business, full form

What is GST and GST full form

We are all aware of the Goods and Service Tax (GST). GST was project of last government brain child which after many amendments it was launched in July 1, 2017.

The government's slogan was "One Nation, One Tax." The government's major goal in implementing GST was to achieve this.

By removing all medium and big indirect taxes, the government wanted to make a single tax system.

The old tax system, which was in place until recently, taxed an item from the time it was manufactured until it reached the client, but after the implementation of GST, tax was only imposed once.

GST is required for whom?

For anyone who is already registered under the Act, such as VAT or Service Tax.
For companies with a turnover of more than 20,000 rupees (for North-East, Jammu and Kashmir, Himachal Pradesh, and Uttarakhand this limit is ten lakh rupees).
GST shall apply to taxable persons, non-resident taxable persons, supplying agents, and input service distributors, among others.
Those who pay tax under the reverse charge system and those who supply e-commerce services would both be subject to GST.

Required Document for GST Registration for Business

The whole list of registrations is available on the GST website; we'll go over the highlights of that list here.

In any business, the first step is to determine what type of business or business is being run. For example, if a person is conducting business by himself, he is known to as a Proprietor.

The following are the documents you'll need:

Photo
Proprietor's PAN Card
Aadhar Card
Bank Account
Address of the place of business (if owning a business, property paper, electricity bill, or any other government paper in the name of the person in whose name the business is to be carried on, and if the place is rented, rent Agreement/tax receipt)
Authorization letter
Digital signature
Proof of Business Registration or Incorporation Certificate
If the firm is a partnership, all of the partners' information will be displayed.
If a corporation exists, the directors' information will be displayed.

Registration Process for Business

Form GST REG-01 must be completed in order to register for GST.

Because the GST number is a PAN-based number, the PAN card is also quite necessary. Following that, we'll see the entire process.

To start, go to the official GST website, gst.gov.in, and then select the boat registered in Taxpayers (Normal/TDS/TCS).
Fill in the details with the PAN and enter your e-mail address and phone number.
An OTP of six different digits will now be sent to both the email address and the phone number, which will be entered by entering the key. Now that a TRN number has been generated, an OTP will be sent to the e-mail and mobile, and the OTP will be the same on both.
As soon as you type it in, a form will appear, with various pages on which you can attach relevant documents after providing all of the required information.
A new registration form will appear, in which you will be able to select the application type, due date for completion, and latest edited profile. Which will be similar to –
Business information - Complete business information, including trade name, business structure, district information, and region to get registration, and the date the business started, which he will enter and continue.
Promoter or Partners - The documents relating to the promoter or partners must be attached by filling in personal information, identity information, and residential address. If there are partners, all of the partners' information as well as their documents must be attached. If you pick the option in the last Also Authorize Signatory, the next page will be filled with the same information (in the case of the proprietor).
Authorized Signatory – If the authorised signatory is different, all of its details, personal information, identity information, and residential address must be filled out, as well as any relevant documents. The authorisation letter is required in this case, and it must be attached.
Authorized Representative – If a representative is present, his information will be entered.
Primary Place of Business – Fill in the details of the location where the business is mostly conducted, including its address, contact information, and whether the location is rented or leased by selecting it and attaching the document. The most crucial information in which the business's type is to be selected. Finally, if the business is located in multiple locations, it must be specified.
Additional place of business - Any extra site of business, one or more, such as a godown, warehouse, or other location, must have its details and all related documents attached.
Goods and Services – This section contains detailed information on the commodities you're selling or providing services for, as well as the HSN code (which is provided separately in GST). If the HSN code for an item or service cannot be located, the item or service's name can be searched on the internet.
Bank Account – First and foremost, the number specifying how many bank details you are filling in must be provided here; it is OK to enter only one bank detail. Now you'll fill in the bank account information for your company and upload any necessary documents.
State-Specific Information – If you've already registered in another state, use that number instead.
Verification – It is mentioned here that all of the information provided by you is correct and that you have verified it. You should choose the authorised signatory, then fill up the blanks and submit the form using EVC or DSC.

An ARN number will be generated after this process is completed, and we will be able to track the status until the number is not issued.

The GST number will be sent to our e-mail address, along with a password, which we will use to generate a new username and password.

Penalty for Not Registered on GST

When a person has become subject to GST and continues to do business without registration, he is subject to the following penalties:

If he has paid less tax, he must pay ten percent of the tax or a penalty of at least ten thousand dollars;
If there is large-scale tax fraud, 100 percent of the tax must be paid.

In this regard, GST registration is important for everything that falls within its jurisdiction, as is filling out all of the required returns.

Otherwise, there is a provision for a late fine. The government has created a tax system that considers everyone's needs, thus everyone should follow to it, as it has numerous advantages.