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How To Do GST Registration In India?

 GST stands for Goods and Service Tax. GST is the indirect tax that one needs to pay to the Indian government for supplying different goods and services. 


If you are a trader, businessman or manufacturer, you need to register for GST. To carry different business activities, GST registration is compulsory.



What is GST Registration?

 

To supply any goods or services from manufacturer to consumer, one needs to pay tax to the Indian government. For that, you need to register your business and get the GST number of your business.

 

The businesses whose turnover is more than 40 lakhs need to register as taxable persons under the GST law. To get registered with GST is compulsory for all the businesses having high turnover. 

 

If you don’t do GST registration, your business will be considered an offence, and the Indian government can apply heavy penalties. 

 

Who Needs To Register For GST?

 

GST registration is compulsory for the following people:

  • The one who pays tax under reverse charge

  • The one who do inter-state goods supply

  • Non-resident taxable person

  • Input service provider

  • Taxable person

  • All the business whose turnover exceeds more than 40 lakhs

  • E-commerce operators

  • Input service provider

 

How Much Time Does It Take To Get Registered For GST?

 

It usually takes 3-6 working days to get GST registration for your business. If your business is not registered with a GST number, it will get penalized, as a business owner he/she needs to pay a penalty of 100% on the taxable amount. 

 

GST Registration Process:

 

One can do online registration for GST through a portal by the central government of India. Here are the following steps:

  • Log in to GST registration portal.

  • Go to the menu option → Select services and choose registration.

  • Click on “New registration.”

  • You will redirect to a page where you need to select your status. 

  • Select whether you are a GST practitioner or a taxpayer.

  • Fill the form appear on the screen, add all the business details.

  • Submit the form. Get verified through OTP and click on “Proceed.”

  • With this, you will get a temporary reference number for further process.

  • Add that temporary code & captcha code to move further.

  • You will get a new page, add all the other details of your business like a sign, bank account details, etc.

  • Click on save & continue.

  • Add the required documents & fill the bank details.

  • Add digital signature to complete the application process. 

  • Click on “Submit”.

  • Get the 2nd step of verification, where you get a new signin form at the pop-up window.

  • Add the details, and your application will be submitted. The reference number will be sent to your registered email and mobile number.

 

Required Documents For GST Registration

 

Here are the required documents for GST registration:

  • PAN card

  • Proof of business registration

  • Address proof

  • Bank account statements

  • Identity proof of business owner 

 

Conclusion

 

To get authorized business, register your business with GST number. Above information helps you to get the details on how to register your business. 

 

Managing all your accounting details of your business with GST number use our GST accounting software that simplifies your accounting process and helps you grow your business. To get free accounting software, contact us today. 
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