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GST Registration Online Apply, Fees, Process
GST is an indirect tax levied on the supply of goods and services made in India. Registration is mandatorily required for persons having a turnover above the threshold limit or for a person engaging in interstate supplies or e-commerce or importing/exporting goods. It helps assure compliance with GST laws and facilitates the seamless flow of input tax credit.
Here's a detailed overview of the registration process, fees, and how to apply for GST registration online:
Who has to register under GST?
Registration of GST is compulsory for:
Businesses whose turnover exceeds ₹40 lakhs (₹20 lakhs for special category states).
Interstate sellers (i.e., businesses selling goods/services in more than one state).
E-commerce operators and suppliers selling goods/services through platforms like Amazon, Flipkart, etc.
Casual taxable persons - for temporary business activities, like exhibitions.
Non-resident taxable persons: Businesses from outside India supplying goods/services in India.
Exporters and importers that are engaged in international trade.
GST Registration Process:
The Goods and Services Tax Network (GSTN) has made the process of registration under GST straightforward and online. Steps to be followed for applying for registration under GST online are as follows:
Access the GST Portal:
Go to the official GST portal www.gst.gov.in.
Create a User ID
You can register on the portal with your email ID and mobile number, through which an OTP will be sent for verification.
Fill the GST Registration Form (GST REG-01)
Once you have logged in to your account, fill out Form GST REG-01. It includes details like:
Legal name of the business
Type of business: proprietorship, partnership, etc.
The PAN card details
Business address
Nature of business activities
Bank details
Upload Documents:
In addition to the application, you will have to upload several documents:
PAN card of the business or applicant
Proof of business address: electricity bill, rental agreement, etc.
Identity and address proof of the proprietor/partners/directors
Bank statement or cancelled cheque of the business
Verification of Application:
After submitting the form, verification by the GST officer will be done, and after verifying your application and documents, a Goods and Services Tax Identification Number will be issued.
GST Registration Certificate:
Once approved, a registration certificate will be issued by the GST department, which also contains the GSTIN. The certificate can be downloaded from the GST portal.
GST Registration Fees:
The GST registration process is free of cost. There are no fees involved for applying for GST registration in India. However, businesses may incur additional charges for document certification, professional assistance, or consultancy if they choose to take help from a tax professional or CA (Chartered Accountant).
Benefits of GST Registration:
Legal Recognition: GST registration gives your business a legal status and credibility. The GST regime allows ITC on purchases by registered businesses, thereby reducing their tax liabilities.
Interstate Business Expansion: With GST registration, any business can easily sell their products and services across state borders.
E-commerce Compliance: The businesses that operate through online platforms must have GST registration.
Brand Trust: GST registration signals to customers that the business is tax-compliant, thereby increasing consumer trust.
Conclusion :
It is very important for a business entity operating in India to get a registration under GST. The process for the same is very simple, and with an online GST portal, every business can apply for registration without visiting any government office. Though the registration process is free, professional assistance may involve additional costs. The key advantages of a GST registration include eligibility for input tax credits and the ability to expand operations to other states.