How to apply for GST Registration in India?

If you are looking for GST registration in India, then you are at right place. Here we will make you learn about the GST registration process in India.

GST Registration, which is also known as goods and service tax Registration which is mandatory for the companies, whose turnover exceeds Rs. 20 lakh or 10 lakh in some special cases (North eastern states). It was introduced in India on 1st of July, 2017 to remove the multiple taxes at different levels. After GST registration you are allotted with the PAN-based 15 digit GST Registration number.

In some cases running your business without GST Registration is considered an offence and will attract heavy penalties.

Who has to go for GST Registration?

Below are the few cases of Mandatory GST Registration:

• All the individuals who are already registered with VAT, Excise, Service Tax etc.

• Every e-commerce business has to apply for GST registration, For example flipkart, amazon, snapdeal etc.

• All the businesses whose turnover crosses the limit of 20 lakh and 10 lakh in some special cases(north eastern/hill states) have to go for GST registration.

• Any existing taxpayer, who is planning to dabble into any kind of new business, has to apply for the GST Registration. An advance payment needs to be paid during the online filing of GST registration.

Process of GST Registration in India

If you are looking for a GST Registration, Enterslice has a team of experts and professionals to help and get GST Registration number within three days.

Steps to be followed-

• You need to visit the web portal of GST Registration and click on the new registration.

• After that, you need select the option of new taxpayer and fill the following information-

1. Legal name of your business

2. Location of your business

3. PAN of your business

4. E-mail address

5. Mobile number

• The moment you fill in the above details, you will be receiving the one time password for the purpose of verification.

• An application reference number will be sent to you via E-mail or text message, after submitting the GST Registration application.

• A GST officer will inspect your GST application. If your application is approved, it will be sent for further approval, where you may need to present few more documents related to your business.

Documents need to be handy, while GST Registration

• Pan of the applicant

• Identity and address proof of all the promoters of the Business

• Address proof of the place of business

• Proof of Registration of business, or partnership deed in case of partnership and registration certificates.

• Bank account details of the business

• Class 2 or Class 3 DSC for signatories or OTP Verification via Aadhar

Advantages of GST Registration

• It removes the multiple taxes, which were charged. And it serves the motive of one nation one tax.

• Paying a single duty makes the whole taxation process much simpler and easier.

• Being the limit of GST Registration higher, It exempt the small scale businesses from paying the taxes.

• Compliances are made effortless

For more information, contact us on 9870310368.

Source url - http://www.enterslice.gomilio.com/en/blog/how-to-apply-for-gst-registration-in-india-20