GST Registration: Complete Process & Requirements
January 5, 2024
5 min read
GST Registration: Complete Process & Requirements
The Goods and Services Tax (GST) is India's biggest tax reform, aimed at simplifying indirect taxation. If your business crosses the prescribed turnover threshold or falls under specific categories, GST registration becomes mandatory. This guide covers everything you need to know about GST registration in India.
---š Why GST Registration is Important
- ā Legal Compliance ā Mandatory for businesses above threshold turnover
- ā Input Tax Credit ā Claim credit on taxes paid on purchases
- ā Business Expansion ā Essential for selling across states or online
- ā Credibility ā Builds trust with suppliers, customers, and investors
š¢ Who Needs GST Registration?
You must register under GST if:
- Your business turnover exceeds ā¹40 lakhs (ā¹20 lakhs for special states)
- You are an E-commerce seller (Amazon, Flipkart, etc.)
- You supply goods/services across states
- You are a casual taxable person or non-resident taxable person
- Businesses dealing in import/export
š Step-by-Step GST Registration Process
1. Prepare Documents
- PAN of the business/owner
- Aadhaar of proprietor/partners/directors
- Proof of business address (rent agreement/utility bill)
- Bank account details
- Passport-size photographs
2. Apply Online on GST Portal
- Visit gst.gov.in
- Fill Part-A (PAN, mobile, email) ā Receive TRN (Temporary Reference Number)
- Fill Part-B with business & bank details
3. Upload Required Documents
Submit ID proof, address proof, and bank details
4. ARN Generation
After submission, you'll receive an Application Reference Number (ARN)
5. Verification by GST Officer
Officer may request clarifications or additional documents
6. GSTIN & Certificate Issued
On approval, you receive a GSTIN (GST Identification Number) and Registration Certificate
---š Documents Checklist
- PAN & Aadhaar of proprietor/partners/directors
- Passport-size photos
- Business address proof (rent agreement/ownership papers)
- Utility bill (latest)
- Bank account proof (cheque/cancelled cheque/passbook copy)
š Benefits of GST Registration
- ā Legal recognition as a GST-registered business
- ā Nationwide tax compliance
- ā Seamless input tax credit
- ā Eligibility to sell on e-commerce platforms
- ā Improved business reputation
ā³ Timeline & Cost
Timeline: 7ā10 working days (subject to verification)
Cost: Government filing is free, professional assistance may vary