Registration process of Goods and Service Tax (GST) in India

This document covers

1. GST Registration @ EZTax
2. Documents required
3. Registration requirement
4. Cases where Registration is mandatory
5. GST Composition
6. GST Registration Procedure
7. Deemed Approval of GST Registration
8. Updation of Bank details in GST
9. Consequence of Non updation of Bank details

1. GST Registration @ EZTax.in

1. Send an email to gst@eztax.in or call @ +91 7288 900 900 or Chat Online @ EZTax.in to get started your GST Registration.
2. Steps in Final GSTIN
• TRN: Once the new user has registered in gst.gov.in , the entity will get a TRN (Temporary Reference Number) .
• ARN: the entity will get the ARN (Application Reference Number), after successful submission of GST Registration Application.
• GSTIN: After submitting the form, government will issue GSTIN number after due verification of the information with the respective state, central authorities.
3. After payment with EZGST.in, you will be receiving TRN, and ARN, generally with in 48 hours.

2. Documents required for GST Registration

1. PAN Card.
2. Aadhaar card where ever possible.
3. Digital Signature in case of companies and LLP.
4. Valid mobile number and Email ID.
5. Photograph of Proprietor, partners, authorized signatories.
6. Registration Certificate obtained under earlier Tax laws.
7. Proof of appointment of authorized signatory and their personal details.
8. Proof of principal place of business. (Rental/Lease Agreement, Electricity Bill, Property tax Receipt, Legal ownership document, Consent Letter, No Objection certificate depending on the type of ownership)

3. Registration requirement under GST

Section 22 of the CGST/ SGST Act 2017, every supplier (including his agent) who makes a taxable supply i.e. supply of goods and/or services which are liable to tax under GST, and his aggregate turnover* in a financial year exceeds the threshold limit of twenty lakh rupees, shall be liable to register himself within 30 days in the State or the Union territory from where he makes the taxable supply.

In case of eleven special category states this threshold limit for registration liability is ten lakh rupees.

4. Cases where Registration is mandatory

5. GST Composition Scheme

• Small taxpayers (supplier of goods/Restaurants) with an aggregate turnover in a financial year up to Rs. 1.5 Crore shall be eligible for composition scheme.
• The Turnover limit under composition scheme for the special category states i.e., Arunachal Pradesh, Uttarakhand, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura is 75 lakhs
• Even though Assam, Himachal Pradesh and Jammu & Kashmir are special category states, the turnover limit for these states is 1.5 crores under composition scheme
• The Turnover limit for the service providers registering under composition scheme is Rs 50 lakhs
• The Composition scheme is optional but if opted will be applicable for all business verticals.
• The taxpayer shall pay tax as a percentage of his turnover during the year without availing the benefit of input tax credit & he cannot pass the benefit of Input tax credit to the buyer while making sale.
• Any person opting for composition levy shall not issue any tax invoices and shall not collect any tax from his customers.
• Taxpayers making interstate supplies for paying tax on reverse charge basis shall not be eligible for composition scheme.

6. Registration Procedure of GST

1. GST REG-01 (Part A): Applicant needs to enter PAN, mobile, email id and State in Part A of Form GST REG-01. PAN will be validated through CBDT database and Mobile number and email ID is validated through OTP’s. Temporary Reference Number (TRN) will be generated once the details are validated
2. GST REG-01 (Part B): The applicant will login to gst.gov.in using the TRN and submit the details required along with supporting documents
   Part B consists of details like constitution of business, jurisdiction, date of commencement of business, reasons for getting registration, address of place of business, nature of business, authorised signatory details, aadhaar authentication etc
3. GST officer will examine the application and documents and if the documents are in order
   1. If the applicant has done aadhaar authentication: The GST officer will grant registration certificate in form GST REG-06 with 7 working days from the date of submission of application in GST REG-01 without site verification.
   2. If the applicant has not done aadhaar authentication: If the officer feels that it is fit case for site verification, registration certificate will be granted within 30 days of application.
4. GST officer will examine the application and documents and if the documents are not in order.
   1. GST officer will issue notice electronically within 7 working days of application seeking clarification.
   2. Applicant needs to furnish information or documents within 7 working days from the receipt of notice.
   3. If proper officer satisfied: Issues GST Registration certificate within 7 working days from the receipt of documents in response to notice
   4. If proper officer not satisfied/applicant did not submit the details: GST officer reject the application and records the reasons in writing

7. Deemed Approval of GST Registration

The application for registration shall be deemed approved if the GST officer does not take any action within 30 days from the date of application in the case of site verification, within 7 working days from the date of application submission, or within 7 working days from the date of receipt of clarification.

8. Updation of Bank details in GST

In order to comply with the GST regulations, taxpayers are required to provide the necessary information regarding their bank accounts either 30 days after registering for GST or prior to the deadline for filing GSTR 1/IIF, whichever occurs earlier.

9. Consequence of Non updation of Bank details

If the taxpayer do no update bank details within 30 days,following are the consequences

• The Govt will issue intimation in Form Reg 31 and the registration will get suspended after 30 days
• The taxpayer cannot file GSTR 1/IFF
• If the taxpayer does not submit the bank details even after 30 days of issue of Form Reg-31, the GST officer will take up the case for cancellation.