GST Registration is the process by which businesses which has turnover of more than Rs. 40 lakhs, More than Rs. 20 lakhs for service sector (Rs. 10 lakhs for North-Eastern States, J&K, Himachal Pradesh and Uttarakhand) is required to take registration under GST as a normal taxable person.
The registration under GST is mandatory for certain businesses. And if the organization fails to obtain registration, it will be an offence under GST and the heavy penalties will be levied on such organization.
The following persons shall be liable for registration under GST Act:
Provided that where such person makes taxable supplies of goods or services or both from any of the special category States, he shall be liable to be registered if his aggregate turnover in a financial year exceeds 10 lakh rupees.
(1)The following person shall not be liable for registration
(2)The Government may, on the recommendations of the Council, by notification, specify the category of persons who may be exempted from obtaining registration under this Act.
The step-by-step procedure that individuals must follow to complete GST Registration is mentioned below:
Step – 1: Visit the GST portal – https://www.gst.gov.in
Step – 2: Click on the ‘Register Now’ link which can be found under the ‘Taxpayers’ tab
Step – 3: Select ‘New Registration’.
Step – 4: Fill the below-mentioned details:
Step – 5: On the next page, enter the OTP that was sent to the email ID and mobile number in the respective boxes.
Step – 6: Once the details have been entered, click on ‘Proceed’.
Step – 7: You will be shown the Temporary Reference Number (TRN) on the screen. Make a note of the TRN.
Step – 8: Visit the GST portal again and click on ‘Register’ under the ‘Taxpayers’ menu.
Step – 9: Select ‘Temporary Reference Number (TRN)’.
Step – 10: Enter the TRN and the captcha details.
Step – 11: Click on ‘Proceed’.
Step – 12: You will receive an OTP on your email ID and registered mobile number. Enter the OTP on the next page and click on ‘Proceed’.
Step – 13: The status of your application will be available on the next page. On the right side, there will be an Edit icon, click on it.
Step – 14: There will be 10 sections on the next page. All the relevant details must be filled, and the necessary documents must be submitted. The list of documents that must be uploaded are mentioned below:
Step – 15: Visit the ‘Verification’ page and check the declaration, Then submit the application by using one of the below mentioned methods:
Step – 16: Once completed, a success message will be shown on the screen. The Application Reference Number (ARN) will be sent to the registered mobile number and email ID.
Step – 17: You can check the status of the ARN on the GST portal.
Here are the documents required to complete GST Registration:
In case you complete the GST Registration procedure online, no fee will be levied. Once the relevant documents have been uploaded, an Application Reference Number (ARN) will be sent via SMS and email to confirm the registration.
If you do not pay tax or pay a lesser amount than what is due, the penalty that is levied is 10% of the due amount (in case of genuine errors). However, the minimum penalty is Rs.10,000.
If you have not registered for GST and are deliberately trying to evade tax, the penalty levied is 100% of the due tax amount.