GST Registration Process

An Overview of GST Registration

GST or Goods and Services Tax have been introduced by GST Act, 2016, with the purpose of executing the idea of “One nation One Tax”. It is levied on the sale of goods / services across India and replaces a slew of other indirect taxes like sales tax, service tax, and VAT. Acting as an umbrella tax, GST has drastically improved the system of indirect taxation in India by reducing the cascading effect of taxes, allowing claims of Input tax credit, informing tax rates, easing tax compliances, and enhancing transparency in tax collection.

Now that you know what GST is, let us discuss the need for obtaining a GST registration!

Payment of GST is mandatory for all businesses. But to pay GST, every taxpayer must first obtain compulsory registration under the GST Act. This can be done by filing an application online to the GST Department of India. A follow up of such filed application must be done, until the GST Registration Certificate and GST Identification number are finally issued. “AGREEO” is a pan-India GST Registration service provider, providing GST Registration services including the filing of GST application and checking GST registration status till GST Certificate is finally issued by the Department.

Key benefits of GST Registration for Taxpayers

Eligibility for GST Registration in India

Generally, the need to obtain GST registration arises when your aggregate turnover as a supplier of goods and services in a financial year crosses the threshold limit prescribed under the GST Act, 2016. However, the GST Act also enlists several specific categories of suppliers who must obtain GST registration mandatorily, irrespective of their turnovers. An extensive list of taxpayers eligible to obtain GST registration has been mentioned in the table below.

How to Get a GST Registration Certificate in India?

If you are a business owner in India, you may need to get GST registration certificate. The process to obtain GST Registration Certificate involves following a series of steps, submitting the necessary documents, and complying with other requirements of the GST Act. Whether you are seeking to get a new GST registration or looking to update an existing one, understanding the process of GST Registration in India is crucial. In this section, we will discuss each and every step involved in obtaining GST Registration Certificate anywhere in India.

GST Registration Process Step By Step

STEP 1 – Documentation

Documents required to complete the GST Registration process is based on the type of business entity filing the application, and the nature of its business activity. It is extremely important that all the documents required for the online GST registration process in India must be arranged beforehand so that the applicant entity does not face any hindrances later.

STEP 2 – Apply on GST Registration Portal

For the new GST registration process, the applicant will have to file the online GST REG-01 form available on the official GST portal. The application is divided into two parts. The first part asks for all the basic details like name, contact number, e-mail address, location and PAN / Aadhar number of the applicant.

STEP 3 – OTP based Verification for GST Registration online

For PAN based applications, a single OTP is sent to the mobile number and email ID mentioned in the application. However, for Aadhar based applications, 2 OTPs are sent subsequently. The first one is sent for verification of contact number and email mentioned in the application. The second one is sent to verify the Aadhar document itself.

STEP 4 – Generation of TRN

After the identity of the applicant is successfully verified, a Temporary Reference Number or TRN is generated. It is sent to the email address and contact number of the applicant. Using the TRN the applicant can proceed to the second part of the application. Note that the TRN is valid for 15 days from the date on which it has been issued.

STEP 5 – Fill out & submitted the GST Registration form

Using the TRN, the applicant is required to login on the GST portal again, and proceed to filling out the second part of the application. Here, the applicant is required to provide detailed information about the business, its promoters, and the bank details. The application is signed using the DSC of the applicant.

STEP 6 – Issuance of GSTIN & GST Registration Certificate online

After filling out both the parts of the form, it is finally submitted on the GST portal. It usually takes around 10-15 days for the concerned authorities to process the form for GST Registration online apply. If the form is verified successfully, the GST department will issue a GST Registration Certificate and GST Identification Number to the applicant business entity.

What are the Documents Required for GST Registration?

Goods and Services Tax (GST) is an indirect tax implemented in India since July 2017. Any person or business entity engaged in the supply of goods or services with a turnover exceeding a specified limit is required to register for GST. To register for GST, there are certain GST registration requirements that must be fulfilled, which includes providing a list of documents required for GST registration. In the table below, we have provided a complete list of documents required for GST registration of a company, based on the type of business entity involved.

GST Registration Benefits in India

Prevent Cascading Effect

The tax on tax phenomena that existed across the supply chain has been removed under the new GST regime.

Uniformity in Taxation

GST rates are decided by the GST Council with members from the Central and State governments.

Low tax rates & compliances

The GST charged is 18% or less for most goods / services. GST returns can either be filed monthly/ quarterly.

Entitled to avail ITC

Sellers across the supply chain, except the end consumer, can avail ITC for excess input tax paid by them.

Zero-rated Exports

No tax is charged on exports of goods and services under the GST regime. This includes supplies to an SEZ unit also.

Formalization of the economy

With GST registration, the huge share of the informal sector in the economy has drastically reduced to less than 50%.

How AGREEO can help you with GST Registration in India?

Are you looking for help with GST registration in India? As a service provider for GST registration, “AGREEO” is here to assist you! We understand that the process of GST registration can be overwhelming and time-consuming. That’s why we offer end-to-end GST registration service to businesses across India, including drafting or acquiring all the documents required for GST registration and filing the application. We make sure that all the eligibility conditions for GST registration are fulfilled before submitting your application to the Department. Our services don’t stop there – we also track the status of your application until the GST registration certificate is issued.

Choose “AGREEO” as your service provider for registration under GST and rest assured that all your requirements will be met. We offer affordable GST registration services across India, and you can even avail free consultation with our experts to resolve all your queries. Contact us using the inquiry form on this page to subscribe to our wholesome package of GST registration with “AGREEO” services today!

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Frequently Asked Questions About GST Registration

What is the Composite Scheme of GST?

The Composite Scheme for GST tax compliance was brought into effect on 1st February 2019 and is applicable to manufacturing and trading businesses with an aggregate annual turnover up to Rs.1.5 crores, and service-based businesses with an aggregate annual turnover up to Rs. 50 lacs. The features that make the scheme beneficial for all small businesses include its reduced need for compliances and its relatively lower tax rates when compared to the regular GST Scheme. The payment of taxes under the composite scheme is based on a fixed tax rate and the aggregate annual turnover of the business. The tax rates are as low as 1%, 2%, 4%, and 6%. To avail the benefits of the scheme, you must opt-in by registering yourself under the scheme.

What category of taxpayers must mandatorily obtain GST registration?

Usually, the need to obtain GST registration depends on the aggregate annual turnover and the nature of business activities of the taxpaying entities. However, obtaining GST registration is mandatory for certain kinds of businesses irrespective of their turnovers, according to Section 24 of the GST Act, 2016. A list of all such businesses has been mentioned below.

What category of taxpayers are forbidden from obtaining GST registration?

According to the provisions mentioned in Section 23 of the GST Act, 2016, the following categories of businesses are exempted from obtaining GST Registration under GST Act, 2016:/p>

What is GSTIN?

The GSTIN that is allotted after GST registration is a 15-digit GST identification number issued by the Government. The first 2 digits of the GSTIN is the State code, next 10 digits are the PAN of the legal entity, the next two digits are for entity code, and the last digit is the check sum number.

What is Reverse Charge under GST?

Reverse Charge mechanism of GST has been introduced in pursuance of Section 9 (3) and (4) of the CGST Act and SGST Act, and Sections 5 (3) and (4) of the IGST act. The mechanism is such that the buyer of the goods or services is liable to pay GST instead of the supplier. This is applicable under certain notified circumstances only. For example, if the seller of goods / services is not registered under the GST Act, whereas the buyer is registered under the GST Act, then the buyer shall be liable to pay GST on the purchase of goods / services from the seller.

If a business is carrying out multiple business activities, will it have to obtain multiple GST registrations as well?

Yes, a business that is carrying out multiple business activities must obtain GST registration for each of his activities. He can obtain multiple registrations using a single PAN card only.

If a business is carrying out its activities at multiple locations, does it need multiple GST registrations as well?

Yes, a business carrying out activities in multiple locations must obtain GST registrations in each of these locations. This is applicable to locations within and outside the borders of the state where the business is registered. Here too, the same PAN can be used to obtain multiple registrations.

Is GST registration mandatory for SEZ businesses?

Even though GST is not levied on SEZ businesses, GST registration is still mandatory for these businesses.

What are the grounds on which your application for GST registration may get rejected?

The application for GST registration can be rejected if,

What is the duration of validity of GST registration Certificate?

A GST registration certificate is valid for lifetime and is invalidated only if your GST registration is canceled or is voluntarily surrendered.

What is the meaning of casual taxpayer under the GST Act, 2016?

A casual taxpayer is one who carries out trading activities of goods / services occasionally and not regularly throughout the financial year. Moreover, he does not have a fixed place for operating business activities. For instance, a firecrackers seller in India who sells actively only on certain festivals and occasions. Such taxpayers are mandatorily required to obtain GST registration irrespective of their turnover limits.

Who is an Input Service Distributor?

An input service distributor is an intermediary who receives the invoices of other business entities on the sale of goods / services and then distributes the same to the business entities that are entitled to it. For example, if a business has multiple branches, the invoice of the sale may be received by any of the branches and then the same can be distributed to the branch/ branches that have actually conducted the sales. In such a case, the tax applicable may be paid by the branch which had first received the sale invoice, provided it is registered as an Input Service Distributor.

Are separate GST registrations mandatory for separate branches of the same business?

If your business has multiple branches within the same state, you are not required to obtain separate GST registrations for each branch, which means that a single GST registration is enough for multiple branches of a business in the same state. However, if your business is opening a branch in a different state from where the business is registered, it must obtain a separate GST registration for the other state.

Which class of DSC is used to sign the GST registration application?

A Class II DSC is needed for to sign the application for GST registration.

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