GST registration is a must for all business entities, which is why it’s important to know about the procedure for applying for GST registration. In this article, we’ll discuss the various steps involved in tax filing with the Goods and Service Tax Council (GSTC).
Eligibility For GST Registration
To register for GST, you must be a business entity and you should have an authorized signatory.
If you are an individual, then your spouse or partner will act as a signatory to the business registration. The same holds true for any company that has more than one director in it; this means that they too need to be registered with GST so that they can benefit from reductions on taxes levied by the central government.
Benefits Of GST Registration
- GST is a single tax on supply of goods and services.
- It is applicable to all sectors such as manufacturing, trade, transportation etc.
- It is a destination based tax which means that the tax has to be paid by the person who supplies goods or services or both in India or abroad depending upon where he/she does business from.
- The rate of GST varies from 5% to 18% depending on whether it’s an interstate transaction or not; however there are no differences in treatment between different types of items such as real property (immovable), tangible assets like machinery etc., intangibles such as intellectual property rights (patents)
Application Process For GST Registration
- Online GST Registration Process
- Documents Required For GST Registration
- GST Registration Fee Structure
- Processing Time For GST Registration
You can apply online for GST registration. The application form is available on the website of the Central Board of Excise and Customs (CBEC) at https://exciseandcustomsindia.gov.in/gst/. You need to submit following documents:
- A copy of your PAN card or Aadhar card with address proof, if not yet registered under Aadhaar scheme; – A copy of all invoices related to business activity which includes purchase invoices; – Details about suppliers with whom you have entered into any type of trade agreement such as SGBV (Self Governing Body Under Voluntary Societies Act) or SEBI MUTP Scheme etc., if applicable
Procedure To Apply Online For GST Registration – Step By Step Guide
- Create an account on the GST portal
- Select the correct registration type of your business (e-way bill or ITR)
- Enter details of your business that includes name, address, phone number and email id etc., if required by you to get registered under GST regime in India. If you already have a business entity registered with MCA/UTVN then please enter details as per their format instead of ours as it will save time for us as well as for them because once we validate it then everything gets done automatically without any further action being taken by either party after registration is done successfully according to their requirements; so there is no need for both parties to do anything again after verification has been completed successfully!
- Upload documents required for registering under GST regime like PAN card copy; passport size photograph with white background showing full face view wearing formal attire.
We hope this article has been helpful and will help you in your journey to becoming a registered GST dealer. We wish you success in your GST registration.