GST Registration

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Overview

In any tax system, registration is the most fundamental requirement for identification of tax payers ensuring
tax compliance in the economy. Registration of any business entity under the GST Law implies obtaining a
unique number from the concerned tax authorities for the purpose of collecting tax on behalf of the
government and to avail Input tax credit for the taxes on his inward supplies. Without registration, a person
can neither collect tax from his customers nor claim any input tax credit of tax paid by him.


The process by which a taxpayer gets registered under Goods and Service Tax (GST) is GST registration.
Once the registration process has been completed, the Goods and Service Tax Identification Number
(GSTIN) is provided. The 15 digit GSTIN is provided by the Central Government and helps to determine
whether a business is liable to pay GST.

Advantages

  • The Taxpayer will be legally recognized as a supplier of goods or services
  • They would be legally authorized to collect tax from his customers and pass on the credit of the taxes
    paid on the goods or services supplied to the purchasers/recipients
  • They can claim input tax credit of taxes paid on his purchases/ procurements and can utilize the same
    for payment of taxes due on supply of goods or services
  • Seamless flow of Input tax credit from suppliers to recipients at the national level.

Types of GST

Documents required for getting GST Registration

Sole Proprietorship/Individual business

  • Proof of identity. Such documents include Aadhaar, PAN, Passport, Driving license or any other
    Government issued identity document would be required
  •  Bank account details, like Account Number, IFSC, Bank Name & Branch Address

Address proof:

  • In the case of leased property, the copy of lease deed for the registered office premises along with a
    NOC from Landlord and electricity bill/property tax receipt/water bill copy of the registered office
    property
  •  In case of own property, copy of sale deed or electricity bill/property tax receipt/water bill copy of the
    registered office property

Partnership or LLP business

  • Proof of identity of all partners. Such documents include Aadhaar, PAN, Passport, Driving license or any
    other Government issued identity document would be required.
  • Bank account details of the LLP

Address proof:

  • In the case of leased property, the copy of lease deed for the registered office premises along with a
    NOC from Landlord and electricity bill/property tax receipt/water bill copy of the registered office
    property
  • In case of own property, copy of sale deed along with the electricity bill/property tax receipt/water bill
    copy of the registered office property

In case of LLP:

  • Registration Certificate of the LLP.
  • Copy of board resolutioun
  • Appointment Proof of authorised signatory

Private Limited/ Public Limited/ One Person Company

  • PAN card of the company
  • Certificate of Incorporation
  •  MoA and AoA of the company
  •  Proof of identity of all the directors. Such documents include Aadhaar, PAN, Passport, Driving license or
    any other Government issued identity document would be required
  • Details of bank.

Address proof:

  • In the case of leased property, the copy of lease deed for the registered office premises along with a
    NOC from Landlord and electricity bill/property tax receipt/water bill copy of the registered office
    property
  •  In case of own property, copy of sale deed along with the electricity bill/property tax receipt/water bill
    copy of the registered office property.
  • Appointment Proof of authorised signatory.

Hindu Undivided Family (HUF)

  • PAN card of HUF
  • Proof of identity of karta Such documents include Aadhaar, PAN, Passport, Driving license or any
    other Government issued identity document would be required­.

Address proof:

  • In the case of leased property, the copy of lease deed for the registered office premises along with a
    NOC from Landlord and electricity bill/property tax receipt/water bill copy of the registered office
    property
  •  In case of own property, copy of sale deed along with the electricity bill/property tax receipt/water bill
    copy of the registered office property.
  • Details of bank.

Society or Trust or Club

  • PAN card and photo of partners/members
  • PAN card of society/trust/club.
  • Certificate of Registration.
  • Details of bank.

Address proof:

  • In the case of leased property, the copy of lease deed for the registered office premises along with a
    NOC from Landlord and electricity bill/property tax receipt/water bill copy of the registered office
    property
  •  In case of own property, copy of sale deed along with the electricity bill/property tax receipt/water bill
    copy of the registered office property.
  • Appointment Proof of authorised signatory.

Public Company After Incorporation

  • PAN card of the company.
  • Certificate of Incorporation(COI).
  •  MoA and AoA of the company
  •  Proof of identity of all the directors. Such documents include Aadhaar, PAN, Passport, Driving license or
    any other Government issued identity document would be required
  • Details of bank.
  • In the case of leased property, the copy of lease deed for the registered office premises along with a
    NOC from Landlord and electricity bill/property tax receipt/water bill copy of the registered office
    property
  •  In case of own property, copy of sale deed along with the electricity bill/property tax receipt/water bill
    copy of the registered office property.
  • Appointment Proof of authorised signatory.
  • Board Resolution for GST Registration and person authorised in the GST (if more than one director
    or authorised person is other than single director) is mandatorily required.

FAQs

GST, or Goods and Services Tax, has been one of the biggest tax reforms this country has seen. It is a single tax with which those taxes that existed previously have been replaced. Such as Central Excise, VAT, Entry Tax, Octroi, Service Tax, etc. GST was rolled out nationwide on July 1, 2017. It is a destination-based tax. And follows a dual model in which both the State and the Central government levy tax on goods and services. All businesses are required to obtain a GST number for every state that specific business has been registered in. The first step under the GST regime is to know whether the business is liable to register and register accordingly.

Yes, GST registration can be done online at Nil charges.

No, bank account is not mandatory at the time of GST registration.

Each category of business require documents according to its category. However, the basic documents required in each case are: ID-proof, Address proof, business registration proof, bank details, passport sized photographs, etc.

In order to get the GST number, you need to apply for GST registration by visiting the GST portal i.e., www.gst.gov.in. To start the process, you will need to have a valid email address, mobile number and a PAN for the business.

Yes, you are required to obtain GST registration once your turnover exceeds the specified threshold limits. Click here to check out the latest threshold limits for GST registration.

A supplier of goods, with an annual turnover of Rs. 40 lakh (Rs. 20 lakhs for special category States), must apply for GST registration. There are certain cases where the taxable person is liable to pay GST even though his turnover has not crossed this limit. Those providing services must get GST registration, once their turnover crosses Rs.20 lakhs and in case of Special Category States at Rs 10 lakhs.

Yes, small business and start-ups get benefits of getting themselves registered as a private company. They get the advantage of credibility and good reputation in the eyes of big financial institutions, clients and suppliers. Also, they get easy loans from banks.

A supplier whose aggregate turnover is less than the prescribed limit and is not even covered under the mandatory GST requirement list. When supplies are covered under the Reverse Charge Mechanism (RCM). Those who are supplying non-taxable goods and services under GST. Agriculturists, Services by any Court or Tribunal established under the law, Services of crematorium, funeral, burial, mortuary, including transportation of the deceased, Sale of land/building subject to Schedule 5 (ii)(b). Actionable claims, other than betting, lottery, and gambling.

A person must apply for GST registration within 30 days from the date on which he becomes liable to registration. The process, rules, and conditions of the GST application must follow the Registration Rules laid by GST Council. A Casual taxable person and a Non-Resident taxable person must get their GST registration, at least 5 days before the commencement of business.