GST or Goods and Service Tax is a goal based duty, exacted at the season of utilization of merchandise or administrations by a definitive shopper. GST is similar to VAT, wherein the yield duty is computed and from it, the information assessment is deducted to touch base at net expense. One of the real points of interest of GST is that various demand of assessment on great and administrations like sales tax, entry tax, octroi, central excise duty, and so on., would be clubbed under a solitary GST.Using a single GST Credits Registration for you can submit and get the centre and state GSTN number with minimum data input. You will be alerted to renew the GST Registration where GST is issued in time bound manner.
Any “individual” with an assessable supply turnover(by adding up taxable, non taxable, export turnover) over Rs.25 lakhs would be required to enroll for GST in India. The term individual under GST law incorporates proprietorship, association firms, Hindu Undivided Family, Company, LLP, Society and whatever other legitimate entity.
1) Who all are liable to register ?
Every existing taxpayers are liable to register under GST. All taxpayers registered with any of the authorities;
State sales tax/VAT (except exclusive liquor dealers)
2) Do I need to register for GST ?
Every single existing citizen enlisted under any of the Acts. The enrolment for GST will guarantee smooth move to the GST administration. Using a single GST Credits Registration for you can submit and get the centre and state GSTN number with minimum data input. You will be alerted to renew the GST Registration where GST is issued in time bound manner.
3) Process for GST Registration
Paperless system :-
The entire arrangement of enlistment will be paperless; thus, no printed versions might be engaged by the office. Further, all the aforementioned enrolled citizens should visit the GST System Portal or GST Credits Portal and Apps can help you register for same for small fees under the guidance of able CAs and Lawyers .
4) Documents are required to register with GST –
Before registering with the GST Common Portal, you must ensure to have the following information:
Provisional ID received from State/ Central Authorities
Password received from the State/ Central Authorities
Valid E-mail Address
Valid Mobile Number
Bank Account Number
Proof of Constitution of Business
1)In case of Partnership firm: Partnership Deed of Partnership Firm (PDF and JPEG format in maximum size of 1 MB)
2)In case of Others: Registration Certificate of the Business Entity
Photograph of Promoters/ Partners/ Karta of HUF(JPEG 100 KB).
Proof of Appointment of Authorized Signatory(PDF or JPEG 1 MB).
Photograph of Authorized Signatory(JPEG 100 KB).
Opening page of Bank Passbook/ Statement containing Bank Account Number of < Account Number>, Address of Branch,
Address of Account holder and few transaction details(PDF and JPEG 1 MB).
5) Can the Registration Application of a taxpayer get rejected ?
Yes, the Registration Application for registration under GST can be rejected in case incorrect details have been furnished or uploaded fake or incorrect documents have been attached with the Registration Application and the application is electronically signed. However, the applicant taxpayer will be provided reasonable opportunity of being heard where applicant taxpayer can present his or her viewpoints.
6) Can changes be made after the registration application is submitted successfully ?
Yes, the Registration Application can be changed after the appointed date.
7) Can a request be raised to cancel an existing GST registration ?
Yes, on meeting the act requirements proper officer will cancel your GST on your request.