GST is an indirect tax which will replace all the current indirect taxes prevailing right now. It is rather a consolidated form of all the other taxes which will provide for single and streamline process. The GST is expected to ease the administration and enforcement for the government as well as the businesses. It is crucial to look upon the registration procedure for the GST.
Who are to be registered?
As per GST Law, any supplier who carries on any business at any place in India and whose aggregate turnover exceeds threshold limit as prescribed in a year is liable to get himself registered. It is also compulsory for the business to migrate to GST who is already registered under any tax regime. The Indian government has already declared the last date for the GST registration, which varies from state to state.
|Threshold limit for registration|
|Compulsory / Mandatorily registration irrespective of threshold limit|
|Place of registration|
|Threshold limit for payment of tax|
|For existing tax payers in earlier law|
|Validity of RC for casual taxable person / nonresident taxable person|
|Cancellation of Registration Certificate|
GST registration process will be online through a portal maintained by Central Government of India. Govt. will also appoint GSPs (GST Suvidha Providers) to help businesses with the registration process. All the existing tax payers under the Central Excise, CST, VAT and Service Tax paying Systems need not have to apply for the fresh registration of GSTIN (GST Identification No). They will have to file for a provisional ID which will be valid for 6 months as per the following procedure:
For converting your existing VAT/CST number into the GST Number:
- Login on your State VAT or CST or Service Tax Portal.
- Get the Provisional id and password of the same.
- Generate the new user id and password on the gst portal.
- Fill Up your business details with the promoter details & business address, bank details and upload the necessary documents.(encl. below)
- Verify with the digital signature or Aadhar Card EVC.
GST Registration Procedure:
- The applicant will need to submit his PAN, mobile number and email address in Part A of Form GST REG–01 on the GSTN portal.
- The PAN is verified on the GST Portal. Mobile number and E-mail address are verified with a one-time password (OTP). After the completion of verification, applicant will receive an application reference number on the registered mobile number and via E-mail. An acknowledgement should be issued to the applicant in FORM GST REG-02 electronically.
Download complete list of goods and service tax registration forms by clicking here.
- Applicant needs to fill Part- B of Form GST REG-01 and specify the application reference number. Then the form can be submitted after attaching required documents.
- If additional information is required, Form GST REG-03 will be issued. Applicant needs to respond in Form GST REG-04 with required information within 7 working days from the date of receipt of Form GST REG-03.
- If you have provided all required information via Form GST REG-01 or Form GST REG-04, the registration certificate in Form GST REG –06 for the principal place of business as well as for every additional place of business will be issued to the applicant. If the person has multiple business verticals within a state he can file a separate application for the registration in Form GST REG-01 for each business verticals.
- If the details are not found to be reliable then the registration application will be rejected using Form GST REG-05. Form GST REG -07 is to be filled by the applicant who is required to deduct TDS or collect TCS. Further he can revoke the registration if he is no longer liable to deduct or collect tax at source then the officer may cancel and communicate the cancel of registration.
Required Documents for Registration
|Sr. No.||Business||Documents required|
|1.||Sole Proprietorship Firm|
|3.||Private Limited Company/ One Person Company|
|4.||Limited Liability Partnership (LLP)|
After the registration further the applicant needs to file returns to maintain the registration.
|Return Frequency||Type Of Return||Form||Time Period||Late filing fee|
|Outward Supplies||GSTR-1||10th of next month|| |
Late Fee of Rs. 100 per day subject to maximum of Rs. 5000
|Inward Supplies||GSTR-2||15th of next month|
|Registered Taxable Person (Except Under Composition Scheme and Liable for TDS)||GSTR-3||20th of next month|
|Non Resident Taxable Person||GSTR-5||20th of next month|
|Input Service Distributer (ISD)||GSTR-6||13th of next month|
|Person Paying TDS||GSTR-7||10th of next month|
|Supplies affected through e-commerce operator||GSTR-8||10th of next month||–|
|Quarterly Return||Person Paying tax under Composition Scheme||GSTR-4||18th of next month from the end of quarter||Late fee of Rs. 100 per day subject to maximum of Rs. 5000|
|Annual Return||Registered Taxable Person (Except Under Composition Scheme, Liable for TDS), Casual Taxable Person and Non-Resident Taxable Person||GSTR-9||31st December from the end of financial year||Late fee of Rs. 100 per day subject to maximum 0.25% of aggregate turnover.|
|Final Return||Registered Taxable Person applying for cancellation||GSTR-10||3 months from the date of cancellation or order of cancellation order whichever is later.||Late fee of Rs. 100 per day subject to maximum of Rs. 5000.|
|Special agencies having Unique Identity Number (UIN)||Details of taxable supply of goods or services||GSTR-11||At the time of filing of application for refund||–|