New GST Registration Process in India

Goods & Service Tax is a new taxation system in India which came into effect from July 1, 2017. GST has replaced many Indirect Taxes in India. GST is the sole indirect tax for the entire country which is based on consumption of goods and services. The rules and regulations, tax rates are governed by the Goods and Service Tax Council which consists of the finance ministers of Centre and all the states. Goods & Service Tax rates vary from 0% – 28% depending on the type of service or Nature of Goods Your business is selling. The new GST registration process in India should be followed for GST registration procedure. The help of professionals can be taken for GST services.

Who needs to register for gst / goods & service tax registration number?

The Following Category Of Business should Register For GST:

•  For that Business who is having Annual Turnover More than 20 Lakhs Per Annum (10 Lakh for the North Eastern States)
•  For those businesses which is in More than One State
•  For Business having Previous registration Under VAT, Excise Laws, Service Tax Laws
•  E-commerce business
•  Providers of Services and Goods outside India

What is the gst registration procedure?

GST registration process will be online through portal support by the Central Government of India. You can also register for GST from the Government portal however there is a certain field in the application which requires you to take professionals to help.

The GST Registration Procedure as Follows

According to a   new online GST registration procedure in India, the applicant has to apply online for GST registration certificate in India in which applicant take help of professional providing GST services by paying appropriate GST registration fees. The applicant will need to submit his PAN, mobile number and email address in Part a of Form Goods and Service Tax REG-01 on the GSTN portal or through Facilitation center (notified by the board or commissioner).

The PAN is verified on the Goods and Service Tax Portal along with the Mobile number and E-mail address to be verified with a one-time password (OTP). When the verification is complete, the applicant will receive an application reference number (ARN) on the registered mobile number and via E-mail. An acknowledgment should be issued to the applicant in FORM Goods & Service Tax REG-02 electronically.

Applicant needs to fill Part- B of Form Goods and Service Tax REG-01 and specify the application reference number. Then finally submit the form with the relevant documents to register for GST.

If additional information is required, Form Goods and Service Tax REG-03 will be issued. Applicant needs to respond in Form Goods & Service Tax REG-04 with required information within 7 working days from the date of receipt of Form Goods & Service Tax REG-03.

If you have provided all required information via Form Goods & Service Tax REG-01 or Form Goods & Service Tax REG-04, the registration certificate (GST REG –06) will be issued to the applicant for the principal place of business and for every additional place of business. If the details submitted are not satisfactory, the registration application is rejected using Form Goods & Service Tax REG-05.

The whole GST registration procedure takes around 7-8 working days.