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Practical guide on GST (Goods & Service Tax) Registration in India

Goods and Services Tax (GST) is an indirect taxation policy reform brought about by the Indian government in the year 2017. It is now mandatory for all businesses with an annual turnover of Rs. 20 Lakh and above to get their businesses registered under the GST Act.

This new taxation system has several advantages over its predecessors. For one, it is a lot more transparent and reduces the overall tax burden on businesses and customers alike.

The same has also led to significant positive impacts of GST on small and medium enterprises.

Documents required for GST Registration:

  • Copy of Personal Account Number (PAN) of business.

  • PAN of owners and stakeholders with signatures.

  • Two passport size photographs of the owners or partners.

  • Proof of business- Electricity bill of business premises and property tax receipts.

  • Copy of bank statement of your business account.

  • Cancelled cheque of the business account.

These are the main documents required for getting your company registered under the GST Act and receive a GSTIN.

The following is a complete guide to GST registration procedure in India after you arrange the documents:

Steps for online Goods and Services Tax Registration:

  1. Visit the official GST website authorised by the Government of India to start the GST registration procedure.

  2. Fill out the GST REG-01 form with the required details like mobile number, PAN and email ID.

  3. Contact details like mobile number and email ID will be verified using OTP.

  4. A Temporary Reference Number (TRN) will be generated after verification.

  5. Start the next part of the process by submitting identification details of owners or partners in form GST REG-03.

  6. Upload scanned copies of the required documents in the specified fields.

  7. Then you have to sign your application using Digital Signature Certificate (DSC).

  8. Collect the automatically generated Application Reference Number (ARN) sent via email.

  9. Wait for approval, which generally takes three working days.

  10. Once you get approval, you will be issued a GST identification number within fifteen working days.

Follow these steps for a smooth registration process into the Goods and Services Tax system of indirect taxation. The registration certificate can help you secure a business loan easily when needed.

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