GST Introduction

GST is applicable on as Supply of goods or services as against the present concept on the manufacture of goods or on sale of goods or on provision of services.

GST is based on the principle of destination-based consumption taxation as against the present principle of origin-based taxation.

It is a dual GST with the Centre and the States simultaneously levying tax on a common base. GST to be levied by the Centre would be called Central GST (CGST) and that to be levied by the States would be called State GST (SGST).

An Integrated GST (IGST) would be levied an inter-state supply (including stock transfers) of goods or services. This shall be levied and collected by the Government of India.

CGST, SGST & IGST would be levied at rates to be mutually agreed upon by the Centre and the States. The rates would be notified on the recommendation of the GST Council. In a recent meeting, the GST Council has decided that GST would be levied at four rates viz. 5%, 12%, 18% and 28%.

PROCESS

GST Registration will give the following advantages to a taxpayer.

  • 1. Go to the Government GST Portal and look for Registration Tab.

  • 2. Fill PAN, Mobile No., E-mail ID and State in Part-A of Form GST REG-01 of GST Registration.

  • 3. You will receive a temporary reference number on your Mobile and via E-mail after OTP verification.

  • 4. You will then need to fill Part-B of Form GST REG-01 duly signed (by DSC or EVC) and upload the required documents specified according to the business type.

  • 5. An acknowledgment will be generated in Form GST REG-02.

  • 6. In case of any information sought from you and intimated to you in Form GST REG-03, you may need to visit the department and clarify or produce the documents within 7 working days in Form GST REG-04.

  • 7. The office may also reject your application if they find any errors. You will be informed about this in Form GST REG-05.

  • 8. Finally, a certificate of registration in Finally, a certificate of registration will be issued to you by the department after verification and approval in Form GST REG-06.

Documents Required

  • 1. PAN Card of owner/ directors/ partners.

  • 2. Bill of Electricity/ Telephone, Rent Agreement or Letter of Consent (NOC).

  • 3. MOA/ AOA or Partnership Deed

  • 4. VOTER ID/DL/PASSPORT Proprietor/Partner/Director.

  • 5. Letter of Authorisation for signatory.

  • 6. Bank statement/ Cancelled Cheque.

  • 7. Aadhaar Card of owners/ directors/ partners.

  • 8. cancelled Cheque of Saving/ Current Account

What is GSTIN?

  • The first 2 digits of the 15 digit GSTIN will represent the state code. For example: 01 for Jammu and Kashmir, 02 for Himachal Pradesh, 03 for Punjab, etc.
  • The next 10 digits will be the PAN of person or entity engaged in Business.

Frequently Asked Questions

GST Registration is not mandatory for persons who :

  • Supply agricultural produce from cultivation.
  • Make only exempt supplies (Nil Rated or Non-Taxable supplies) of goods or services.
  • Make supplies which are entirely covered under reverse charge.

Yes, a person can get registered voluntarily under GST in terms of sub-section (3) of section 25. All the provisions will apply to him as they apply to a registered person.

Registration can be cancelled in 2 scenarios: When the taxable person wishes to voluntarily cancel his GST registration. When the proper officer, on default by the taxable person, moves to cancel the GST registration on his own motion. This may be when the person is not doing business from his declared registered place of business or if he issues tax invoice without making the supply of goods or services.

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