GST Registration Procedure for Startup Business In India

Recently, the government of India introduced the GST law throughout the country. It has eliminated different taxes and implemented a single tax regime all over the country to eliminate the business obstacles and give immense benefits to traders, business persons, and common public. 

 

All those business organizations that want to initiate their business activities in India, must register for GST sooner or later, as mandated by the law. There are still millions of business owners who are unfamiliar with GST, its rules and regulations, and the registration process. So, in this article, we will have a look at GST and explain how you can register for it. 

 

A Brief Look at GST Registration and GST Registration Number

 

All those companies (supplier of goods and services) that do business more than Rs.20 lakhs in a financial year is required to obtain GST registration. In certain cases, the aggregate turnover criteria are fixed at Rs.10 lakhs. GST Registration Number, which is also called GSTIN, is actually a 15 Digit identification number that is given to companies and entrepreneurs who apply for GST registration. It is based on the Pan Number and State code.

 

Main situations where GST registration becomes mandatory:


Situations and nature of supply (of products and services) Requirement of GST registration

Taxable inter-state supply

 Yes

Exempted inter-state supply

NO

Intra-state supply (upto Rs 9 lacs)

NO

Intra-state supply (exceeding Rs 9 lacs)

Yes

Intra-state supply (upto ₹ 9 lacs)

No

Casual Taxable person

Yes

Reverse charge – for personal use upto prescribed limit

No

Reverse charge – for personal use beyond prescribed limit

Yes

Reverse charge – Other than personal use

Yes

Non-resident persons

Yes

Persons who need to deduct TDS providing intra state supply upto ₹ 9 lacs

Yes

Input service distributor

Yes

Agent or persons on his/her behalf 

Yes

Intra-state supply upto ₹ 9 lacs as an agent

Yes

Electronic commerce operator

Yes

E-commerce

Yes

Aggregator – supplying services

Yes

Intra-state supply – Exempted ₹ 5 lacs

Yes

Intra-state supply – Taxable ₹ 5 lacs

When the aggregate turnover exceeds ₹ 10 lacs.

GST Registration Process:

 

For GST registration, you need to have the below-mentioned documents:

  • Your PAN Card or company PAN card,
  • Identity and Address Proof (voter identity card, aadhaar card, PAN, passport, driving license, Bill of Electricity/ Telephone, Rent Agreement or Letter of Consent)
  • Business Registration Documents (incorporation certificate, or partnership deed or registration certificate)
  • Address Proof for the location of Business and 
  • Bank Account Proof.

GST Online Registration

 

Visit the GST website,

  • Click on the ‘Services’ menu. Here, you will see three options- registration, payment, & User Services,
  • Choose the ‘Registration’ option and go ahead with New Registration,
  • You will be redirected to a new page. Just select the right option (Tax payer, GST petitioner, Tax Deductor) and fill the required details accurately,
  • The supplied details will be verified by the portal. After verification, you will get an OTP or an Email for confirmation, 
  • Depending on your business type, you will be required to upload a few documents,
  • As soon as you complete the part-B of the form with required details, you get the application reference number via SMS or Email,
  • A GST officer will review and approve your application. He/she may ask for more proofs/documents to verify the information provided by you. 
  • If your trade is spread in different states, separate registration will be needed. Once all formalities are completed successfully, you get the GST registration number.

If you are a trader who is not familiar with the GST registration online, you can the GST registration services provided by different companies. They act on your behalf and complete all formalities required for the GST registration in exchange for a few bucks.