GST Application

The GST regime was introduced in the year 2017. It aimed to harmonize the tax regime across the country. If you are an individual or a company that supplies goods or/and services, it is mandatory to register under the Goods and Services Tax Network (GSTN). It is mandatory for businesses exceeding a turnover of Rs 20 Lakh in a financial year. Registration is done online at the GST Portal. Once the registration is done, a unique GSTIN (Goods and Service Tax Identification Number) is received. This provides you with a legal identity as a goods and service provider.

Advantages of GST Registration

• The GSTIN can be used to register your business online and start an e-commerce business. 
• It provides for uniform accounting of taxes. 
• It provides for freedom of inter-state selling for businesses. 
• It entitles the registered entity to avail a number of benefits under the GST Regime. 
• It legally authorizes the business to collect taxes on any sales made.

Documents Required for GST Registration

• PAN of the Applicant
• Aadhaar card
• Proof of business registration or Incorporation certificate
• Identity and Address proof of Promoters/Director with Photographs
• Address proof of the place of business
• Bank Account statement/Cancelled cheque.
• Digital Signature
• Letter of Authorization/Board Resolution for Authorized Signatory

Process of GST Registration

• Click on the ‘New Registration’ option on the GST Portal and fill in the required details, 
• The Temporary Reference Number (TRN) will be generated. 
• Click on ‘Register’ in the ‘Taxpayers’ menu and enter the TRN to proceed. 
• Fill in the requisite details and submit the required documents. 
• The application is then verified and once the process is completed, you receive an Application Reference Number (ARN) on your registered mobile number and email ID.
• The ARN can be used to check the status of your application on the GST Portal.