GST Reg

Why is it Necessary to Opt for GST Registration in India?

Swarit Advisors

| Updated: Jul 06, 2018 | Category: GST

GST stands for goods and services tax, it was a type of tax which was introduced last year in India. This was done in an effort for replacing all the taxes imposed indirectly on everyone by the central government and the State government. As a result, it has now become compulsory for all of the business entities who are engaged in the process of supply in India for the goods and services they’d be required to apply for GST Registration. GST has subsumed all the indirect taxes like the VAT, the service tax, etc. in this article we will discuss Why is it Necessary to Opt For GST Registration in India?

Any individual or entity who crosses a prescribed turnover is supposed to apply for GST registration. Also, the people who pay TDS or the casual traders etc, are also supposed to register for GST. Already existing assesses are supposed to get their user identity and password for GST portal from either their state’s ACE or the VAT website, these people after logging in to the website are supposed to get their GST Registration.

How Can We Apply for GST Registration Online?

Now GST Registration is pretty much mandatory for all the businesses. Let’s discuss these categories, so someone having a turnover above Rs 20 lakhs anywhere in India except Rs 10 lakh in the north-eastern states and Jammu and Kashmir are supposed to apply for GST registration as someone as a regular taxable person.

GST registration can be easily done online, and it is mandatory also for the taxable NRI entities that get engaged with the e-commerce operations and also the individuals that are eligible for the TDS which is a short abbreviation for tax deduction at source. Also, the GST registration is mandatory for the people that engage in the provision of information on the internet or retrieval services or something like a data assessment etc.

Therefore most of the entities and businesses in India are required to get GST registration online, like even the entities that are not mandatory for only GST registration can do this voluntarily as this GST registration will enable you to obtain a legal recognition as a supplier of the goods and services. Once you are done with the GST registration, you are now eligible for availing the input tax credit.

Follow the Step-by-step Procedure to Complete GST Online Registration

  • Log on to gst.gov.in.
  • Next step is to click on the tab that says “services” on the menu.
  • Next, you will get 3 options i.e. “registration” “user services” and “payments”. Pick the “Registration” option.
  • You soon will get redirected to a new page where you’ll be required to select if you are a taxpayer or a GST practitioner then you would be required to enter the details such as your legal name of the business and the state district where it is located along with the permanent account number, an email address, and your registered mobile number. This was the part A of your GST registration form.
  • Your details that you have entered will be verified by the portal so for that you will get an OTP which is a short abbreviation for a one-time password. Or an e-mail link for the purpose of confirmation.
  • Next is uploading scanned documents based on the type of business you are running.
  • Getting to the part B of the form, it needs to be filed with few details and after that, you’ll get an application reference number on your phone via an SMS.
  • Then your application will be verified by some GST officer who will either get satisfied or approve your application, or he or she could ask for additional details until the authorities are satisfied with your information.
  • You will have to do GST registration online separately in case you decide to operate your business in multiple states. A GST registration for each such state is mandatory.

If you are looking for the help of professionals then Swarit Advisors will be the right platform for you. Where we will help you to easily follow the procedure without facing any issues or hurdles.

GST stands for goods and services tax, it was a type of tax which was introduced last year in India. This was done in an effort for replacing all the taxes imposed indirectly on everyone by the central government and the State government. As a result, it has now become compulsory for all of the business entities who are engaged in the process of supply in India for the goods and services they’d be required to apply for GST Registration. GST has subsumed all the indirect taxes like the VAT, the service tax, etc.

Any individual or entity who crosses a prescribed turnover is supposed to apply for GST registration. Also, the people who pay TDS or the casual traders etc, are also supposed to register for GST. Already existing assesses are supposed to get their user identity and password for GST portal from either their state’s ACE or the VAT website, these people after logging in to the website are supposed to get their GST Registration.

How Can We Apply for GST Registration Online?

Now GST Registration is pretty much mandatory for all the businesses. Let’s discuss these categories, so someone having a turnover above Rs 20 lakhs anywhere in India except Rs 10 lakh in the north-eastern states and Jammu and Kashmir are supposed to apply for GST online registration as someone as a regular taxable person.

GST registration can be easily done online, and it is mandatory also for the taxable NRI entities that get engaged with the e-commerce operations and also the individuals that are eligible for the TDS which is a short abbreviation for tax deduction at source. Also, the GST registration is mandatory for the people that engage in the provision of information on the internet or retrieval services or something like a data assessment etc.

Therefore most of the entities and businesses in India are required to get GST registration online, like even the entities that are not mandatory for only GST registration can do this voluntarily as this GST registration will enable you to obtain a legal recognition as a supplier of the goods and services. Once you are done with the GST registration, you are now eligible for availing the input tax credit.

Follow the Step-by-step Procedure to Complete GST Online Registration

  • Log on to gst.gov.in.
  • Next step is to click on the tab that says “services” on the menu.
  • Next, you will get 3 options i.e. “registration” “user services” and “payments”. Pick the “Registration” option.
  • You soon will get redirected to a new page where you’ll be required to select if you are a taxpayer or a GST practitioner then you would be required to enter the details such as your legal name of the business and the state district where it is located along with the permanent account number, an email address, and your registered mobile number. This was the part A of your GST registration form.
  • Your details that you have entered will be verified by the portal so for that you will get an OTP which is a short abbreviation for a one-time password. Or an e-mail link for the purpose of confirmation.
  • Next is uploading scanned documents based on the type of business you are running.
  • Getting to the part B of the form, it needs to be filed with few details and after that, you’ll get an application reference number on your phone via an SMS.
  • Then your application will be verified by some GST officer who will either get satisfied or approve your application, or he or she could ask for additional details until the authorities are satisfied with your information.
  • You will have to do GST registration separately in case you decide to operate your business in multiple states. A GST registration for each such state is mandatory.

If you are looking for the help of professionals then Swarit Advisors will be the right platform for you. Where we will help you to easily follow the procedure without facing any issues or hurdles.

Swarit Advisors

Swaritadvisors.com is technology motivated platform establishing the specialized legal & Financial advisory services in India. We are dedicated to helping startups and MNC in solving legal, Taxation and compliance related to starting and running their business around the world.

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