Summary: The introduction of Goods and Services Tax (GST) in India under the GST Act, 2017, replaced several central taxes, including Service Tax, Excise Duties, and more. Businesses with a turnover exceeding Rs. 40 lakh, Rs. 20 lakh, or Rs. 10 lakh must register under GST as normal taxpayers. Other types of taxpayers include Casual Taxable Persons, Composite Taxpayers, and Non-Resident Taxable Persons. The GST registration process is divided into two parts: Part A, which involves generating a Temporary Reference Number (TRN), and Part B, which includes completing the registration with details like business address, authorized person, and NIC code. Essential documents for registration include PAN, Aadhaar, bank account information, proof of address, and digital signatures. Upon completing the registration, an Application Reference Number (ARN) is issued. Certain businesses and entities are exempt from GST registration, such as those making supplies under reverse charge, non-GST supplies, or exempt supplies. Additionally, agriculturists and businesses falling under the threshold exemption limit are also exempt from registration. Understanding these procedures and exemptions is vital for compliance under GST.
The Government of India in consultation with the committees introduced for giving a comment and constitution of council and quasi-judicial authorities, making officially introduced the provision of Goods and Service tax governed under the sections of GST act, 2017 and Rules and Regulations specified.
Upon Implementation of GST, following central taxes are replaced and subsumed. These are:
1. Service tax
2. Duties of Excise
3. Cess and Surcharges
4. Entry tax
5. Purchase tax
6. Luxury tax
7. Entertainment tax
8. Taxes on gambling and lotteries etc.
(the above three points are replaced)
If the turnover of any business exceeds the threshold limit of Rs.40 lakh, Rs.20 lakh, or Rs.10 lakh, then the business owner must register himself as a normal taxpayer under the GST.
Other than the normal tax payer there are various types of different taxpayers in GST regime like Casual taxable person, Composite taxpayer, Non Resident taxable person etc.
Before going to the process of the GST registration process, there are some documents and information is in your hand or in desktop, so the process does not get interrupted. These information are as specified below:
1. Pan card
2. Aadhar card
3. Bank account information
4. Proof of Address
5. Certificate of Incorporation
6. Proof of Appointment of Authorized Signatory
7. AOA and MOA
8. Digital signature or EVC code
9. Photograph
10. Mobile number and Email id
11. NOC/Rent Agreement/ Lease Agreement, if not owned
112. Any other information as required.
Now the whole process of the GST registration is divided into two phases:
1. Part- A till the generation of TRN number
2. Part-B from TRN generation to the completion
Starting with the Part- A, there are following points covered the process till the generation of TRN are:
1. Under the drop down menu, select the option of Taxpayer,
2. Then select the respective state and district,
3. Enter the name and pan of business,
4. Enter the E-mail and mobile number for receiving the otp and for future communications,
5. Click on the proceed button and request the otp,
6. After enter the otp, click on the proceed button,
7. You will be shown the TRN number on the screen for the further process of you GST application.
Then coming on the second part of the process, Part-B, that covered the rest of the part. They are also covered in the following points or steps as specified. These are:
1. Now visit the Gst portal and click on Register under the services menu,
2. Fill the TRN number generated in the first process and request for the otp on your email and mobile number,
3. Now click on the Edit button after there are 10 sections of pages on the desktop screen shown,
4. In these section, there are required to filled the details about the business address, business object, personal detail of the authorized person, place of business, any other authorizing person, Nic code of the business, verification of details and declaration and other details are required to be filled,
5. Also required to upload documents like Noc/Rent agreement/ Lease agreement, COI , MOA and AOA, Authorization letter, Bank details of the business, photograph etc.
6. Then visit the Verification page after filling the all required fields. There the declaration provided about the details filled and documents upload and authentication for them by the following options:
a) by EVC
b) by affixing digital signature
c) by e-sign method.
Once completed, a success message will be shown on the screen. The Application Reference Number (ARN) will be sent to the registered mobile number and email ID.
GST Registration Exemption
The below-mentioned individuals and entities are exempt from GST registration:
1. Businesses that manufacture supplies that come under reverse charge.
2. Activities that do not come under the supply of goods or services. Examples of such activities are the sale of a building or land, funeral services, and services provided by an employee.
3. Businesses that make non-GST/ non-taxable supplies. Examples are aviation turbine fuel, electricity, natural gas, high-speed diesel, and petrol.
4. Businesses that make exempt/ nil-rated supplies.
5. Businesses that fall under the threshold exemption limit.
6. Agriculturists.
Author Bio
