2 Anonymous Asked: October 18, 20192019-10-18T13:55:54+00:00 2019-10-18T13:55:54+00:00In: Company Laws what is the GST registration procedure in India? 2 I am running small business and want to get GST registration. What is the procedure of GST registration? gst Related Questions How to complain about a contractor in india???? How to Register a Company in India. How does any person get an ISO certification and trademark for his company? 2 Answers Voted Oldest Recent Ratan India 5 Questions 8 Answers 1 Best Answer 170 Points View Profile Ratan Beginner 2019-10-18T14:09:04+00:00Added an answer on October 18, 2019 at 2:09 pm Here is the whole process of GST registration. GST Registration Procedure in India Whether you are providing goods or services, you first need to get your business registered under the GST. If you don’t register your company for GST, you will have to cope with hefty penalties and fines. Obviously, you will never like to end up with a penalty of 100%. Instead, you would like to get your business registered for GST. If you are going to register your business for GST, you should understand the fact that you could also grab GST from your existing users or customers. So, if you don’t want to get indulged into complicated legal procedure, you need to complete the GST procedure. But how it can be done? If you want to learn how to register your own business for GST, you need to check out stated below complete guide GST registration process in India. Why Do Entrepreneurs or Businesses Need GST Registration? It is certainly necessary to have your business or company registered for GST if you want to run your business legally in India. So, let’s check out stated below reasons that insist you on choosing a GSTIN. ⦁ A company that has an annual revenue of INR 20 lakh. ⦁ If you are running a business in certain special states in India such as Jammu & Kashmir, Arunachal Pradesh, Uttrakhand, Himachal Pradesh, Assam, and Mizoram, you need to have at least INR 10 lakh annual turnover. ⦁ An E-commerce business. ⦁ An inter-state company or business. ⦁ Taxpayers who pay taxes under reverse tax charges. ⦁ Taxpayers who pay taxes under section 9, and sub-section 5. ⦁ A liable non-resident who are dealing with taxable supply. What Is the GST Registration Procedure in India? ⦁ You need to use your email ID, PAN number, mobile number in order to complete a GST REG form. ⦁ You also need to verify your contact number as well as an email address for GST registration online. ⦁ Now, you need to collect the reference number after completing the verification procedure. ⦁ Now, you need to attach your ARN number along with required documents. ⦁ Complete automatically generated legal GST REG-03 online form if you need additional details. ⦁ Once you verify all your information given, you will be issued a certificate of GST registration. You can opt for this registration certificate within three working days. Documents Needed for GST Registration If you are going to register your business or company for GST, you first need to know about documents required for the same. Yes, if you don’t know about the required documents, you may not be able to grab desired results. So, let’s check out what types of documents you need while registering your business for GST. ⦁ Authorized signatory’s picture or photos. ⦁ Certificate of business ⦁ Stakeholder, promoter or partner photo ⦁ You also need to provide proof of business address or company address that could be property tax receipt, electricity bill, municipal copy, and even legal property documents. ⦁ You also need to provide an acceptance letter received from the managing committee of your business or company. ⦁ Now come to the most important document i.e. bank details. You need to provide a cancel cheque, bank statement and photo of the first page of your bank passbook. Guide on Tracking the Status of GST Registration Once you complete the GST registration procedure whether online or offline, you also need to track the status. By tracking GST status online, you can easily check whether it is progressing or not. So, let’s check out how you can check your GST registration status online. ⦁ Kindly visit at http://www.gst.gov.in. ⦁ Here, you need to click on the available “services” option. ⦁ Under “services” section, you will find the “registration” option. Click on it. ⦁ Now, select the “track application status”. ⦁ Now, you are asked to provide ARN. ⦁ Having submitted ARN number, now you need to click on the search option. ⦁ Now, you can easily check out your existing GST registration status online. You will also receive a soft copy of GST registration status at your email address and mobile phone. Significant Points that You Must Know about GST Registration Whether you are running a product-based or service-based business, you aren’t supposed to underestimate the importance of GST registration in India. Thus, it is necessary that you should learn how to register your company for GST. When you get your business registered successfully for GST, you need to learn how to check GST status online. Apart from aforesaid points, you also need to consider stated below points about GST registration in India. ⦁ If you are running a business with more than INR 20 lakh annual revenue, you are liable to get your business registered for GST. ⦁ There are total 11 special states that require going through GST registration procedure in India if your business is making at least 10 lakh annual income. Some of these special Indian states are including Arunachal Pradesh, Manipur, Jammu & Kashmir, Mizoram, Meghalaya, Sikkim, Nagaland, Himachal Pradesh, Tripura, Uttrakhand, and many others. ⦁ If you are supplying products in more than two Indian states, you need to go through the GST registration procedure in each state. It means that if you are supplying goods in four different states in India, you need to get your business registered for GST in four different states in India. ⦁ If you own multiple business premises or branches, you need to get the main office registered as well as other branches registered for GST. ⦁ If your business has a different or separate entity under Section 2918), you need to follow the aforementioned point. ⦁ You don’t need to pay any sort of fee or charge to get your business registered for GST in India. ⦁ If you don’t get your business registered for GST, you will have to cope with a penalty of INR 10k. It might be possible that you will have to pay up to 100% of your payable taxes as a penalty. ⦁ You should keep updating yourself regarding the new financial rules and regulations in India for businesses. ⦁ It is highly advised that you should keep visiting our site or the official website of government in order to know about any changes to GST law in India. 1 Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp swapankundu Kolkata, India 0 Questions 17 Answers 1 Best Answer 368 Points View Profile swapankundu Expert 2019-11-01T07:22:25+00:00Added an answer on November 1, 2019 at 7:22 am GST Registration requires the PAN (Permanent Account Number) of the business and authorized signatories/applicants (Directors / Partners / Proprietor). A valid mobile number and an email address of the Primary Authorized Signatory is required to be filled at the time of GST Registration. 0 Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp You must login to add an answer. Username or email* Password* Captcha* What is the capital of India? ( New Delhi ) Remember Me! Forgot Password?