“Navigate the GST registration process for One Person Companies (OPCs) with ease. Learn the step-by-step guide for online registration, including the workaround for selecting OPC. Understand the necessary documents required, from PAN cards to address proofs. Follow the detailed process, from generating a Temporary Reference Number (TRN) to receiving the Registration Certificate (RC). Empower yourself with a comprehensive guide to streamline GST registration for your One Person Company.”
The introduction of the Companies Act of 2013 brought about the concept of the One Person Company (OPC). Before this act, a single person was unable to form a company. If someone wanted to start a business, they could only do so as a sole proprietorship because company formation required a minimum of two directors and two members.
Under the Companies Act of 2013, an individual can now form a company with just one member and one director. The director and member can be the same person. Consequently, a one-person company allows a single individual, whether a resident or an NRI, to incorporate a business that combines the characteristics of a corporation with the benefits of a sole proprietorship.
According to section 2(62) of The Companies Act, 2013, an “One Person Company” is defined as a company that has only one person as a member.
During the process of registering as a One Person Company, some individuals have encountered issues when applying for GST registration. Upon analysis, it was discovered that the option to select One Person Company is not available in the forms notified by the CGST/SGST Acts and, therefore, not accessible on the GSTN portal as well.
As a workaround, it is advised that applicants, in the “Part B” of the GST Registration Form “REG-01,” choose the “Others” option under the “Constitution of Business” in the “Business Details” tab. If the taxpayer wishes to register for GST as a “One Person Company,” they should mention “One Person Company” in the provided text field. Following this, the applicant can proceed with the normal registration application process to complete the registration.
Documents required for GST registration of an OPC:
1. Company’s PAN card copy
2. Company registration certificate
3. Memorandum of Association / Articles of Association
4. PAN card, photo, and Aadhaar card of all directors
5. Bank details – a copy of the cancelled cheque or bank statement
6. Proof of appointment of authorized signatory – letter of authorization
7. Proof of address for the primary and secondary places of business
8. Copy of electricity bill/landline bill/water bill/municipal khata copy/property tax receipt from your own office
9. In the case of a rented office, the owner’s no-objection certificate (NOC) is required.
Step-by-step guide explaining the GST registration process online:
Step 1: Go to the GST Portal.
Step 2: Generate a Temporary Reference Number (TRN) by completing OTP validation.
Step 3: Verify OTP and generate TRN.
Step 4: Log in with the generated TRN.
Step 5: Submit business information.
Step 6: An Application Reference Number (ARN) will be generated.
Step 7: Keep track of the GST portal using the ARN and respond to any clarifications requested by the department.
Step 8: Once the application is approved by the department, the Registration Certificate (RC) along with the username and password will be sent to the registered email ID.
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