Get to know about the steps of the GST registration process

GST is a new tax rule that was implemented in the year 2017, uprooting all the previous tax systems. GST is the tax system that is extended to the whole of India. If you are a business owner in India, you have to register your business under GST. In this blog, we will discuss the GST registration process in detail. 

So, without wasting any further time, let’s dive into our topic directly.

What is the Threshold limit of GST registration? 

To register your business on the GST portal, you must follow a straightforward online process if you are an ordinary taxpayer in India. All businesses with an annual turnover exceeding the GST registration threshold limit—?40 lakhs for products and ?20 lakhs for services—are subject to GST. 

In order to make it easier for businesses to register and maintain compliance, the online GST registration process has been streamlined over time.

How to do GST Registration?

Anyone can opt for GST registration by applying through the GST registration portal and it is the only Govt. website www.gst.gov.in 

The process has two parts:

1. The first part involves the creation of an account on the GST registration portal.
2. The second part involves submitting all the relevant details in the GST registration portal.

Now, let’s go through the steps of GST registration:

Step 1: Creating a user profile.

• Visit the www.gst.gov.in website.
• Click on the “Register” on the top right corner.
• You will be redirected to a page and it opens “New Registration” for creating the user profile.
• Fill up the details and click on the “Proceed” button.

Option 2: 

• Click on the “Service’ button in the main menu
• Follow: Registration>>New Registration
• Fill up the details of the New Registration
• Click on proceed.

Step 2: Verify your Profile

Once you have submitted all the relevant details in the registration form, you will be required to verify the details. Follow the steps to proceed with the verification process of the GST registration.

Part 1: Choose the details from the drop-down options available in the GST registration form, follow the steps I mentioned below:

• I am a > Taxpayer > The State and the District you live in.
• Put the name of the business and the PAN number of the business. (The name of the organization and the name on the Pan Card should be the same)
• Submit the E-mail address and the registered mobile number. 
• Submit the Captcha 
• Last click on the “proceed” button

Part 2: Look at all the GSTP/UINs/GSTINs IDs that are mapped to the PAN card that you have submitted. There are some codes that are indicated by the colours:

• Approved: Green
• Pending: Orange
• Rejected: Red

Click on the button marked as “proceed” to continue with the process of registration.

Part 3: You will be redirected to the next page where you will receive the OTPs in your registered phone number and E-mail ID and you have to fill in the blanks with the respective OTPs.

This page will only be valid for 10 minutes and you have to fill in the blanks in that specified time frame.

Step 3: Generating TRN (Temporary Reference Number)

For your use, a 15-digit Temporary Reference Number, or TRN, has now been generated. The TRN can be used to finish the application process for GST.

• To proceed, click the "Proceed." button
• Part A of the GST application procedure is now completed.
• The TRN has a 15-day validity period, and Part B of the GST registration process needs to be finished before the specified deadline.

Step 4: Logging in

Once you receive the TRN, you can proceed with Part B of the GST registration process.

Visit the Registration page and click on the TRN option: You will need to re-enter the registered email ID, mobile, and captcha OTPs (which are not the same as the ones you received previously). Select "Proceed" from the menu to proceed further with the application.

Go to the “My Saved Applications”: 

• You could find information on the GST REG-01, or the GST registration form, in the Dashboard.
• To start/ begin with the registration process, Click on the "Action" box.

Step 5: Submitting the details of the business:

Submit all the relevant details of the business like 

• PAN Card of the business
• Incorporation Certificate
• The registered address of the business 

Now, let’s go into this in detail:

Look at the Eligibility: Before stepping into the GST registration process, it is important to note whether you are eligible for GST registration or not. There are some eligibility criteria for GST registration, let’s see the eligibility criteria for the following:

Turnover Limit: As we discussed earlier you need to touch a particular turnover to be eligible for GST registration. Your business needs to touch that threshold and the concerned threshold varies from state to state.

Inter-State Supply: If your business is engaged in the supply of services or goods, across the different states, GST registration is compulsory. In this case, you have to register your business under GST irrespective of the turnover of your business. 

Specific Businesses: There are some specific businesses, such as agents or e-commerce that are required to register for GST, regardless of their annual turnover. 

Step 2: Gather all the relevant and updated Documents:

To start with the GST registration process, you have to gather all the relevant documents. Let’s see what the required documents for GST registration are:

PAN Card: (PAN) Permanent Account Number of the concerned business or owner or any signatory authority.

Address and Identity Proof: Proof of Address of the owner of the business or the signatory authority. 

Proof of Business Registration: All the relevant documents in connection with company registration. Many times it depends upon the type of business. For instance, if it is a company, you need to provide the Company incorporation certificate, and so on and so forth. 

Address proof of the Business: Documents like rent agreement (if any), Ownership details of that particular property, electricity bill etc.

Bank Account details: The applicant needs to provide a copy of the first page of their passbook or have to provide a cancelled cheque which displays the Name of the applicant, Branch details with IFSC code and bank account number. 

Step 3: GST Registration Application Status: 

After the completion of the GST registration process, the applicant might want to check the status of the registration process, to check the process the applicant needs to follow some steps and the steps are mentioned below:

Visit the GST portal: Visit the official portal for GST and navigate to the tab that is marked as “Services”.

Choose the Track Application Status: Then the pop-up opens and search for the option "track the application status" or anything relevant to that. 

Submit the respective ARN: Enter the “Temporary Reference Number” or “Application Reference Number” that you received at the time of registration.

Click on the Search: Click the “Track” or “Search” option to know the status of your GST registration Application.

Check the Status: The concerned portal will display the present status of your application, from there you can know whether it is rejected, pending or approved. You can also view any requirements or additional comments from the concerned GST officer. 

Step 4: GST Certificate Download: 

When your GST registration application is approved, the applicant can download the concerned GST registration from the GST portal. The applicant has to follow the following steps in order to download the GST certificate:

• Visit the GST Portal: Visit the GST portal and log in to your concerned account using your login credentials.
• Access the Dashboard: Once you log in, open your dashboard or the "services" tab on the GST portal.
• Click on Downloads: Search for the option marked as “downloads” or a similar option like that. 
• Choose certificates: In the downloads section, choose the options for "Certificates" or any like "GST Certificate"
• Download the Certificate: Choose the download button that is just next to the option of GST Certificate. Click on download and it will be downloaded to your device in PDF format. Read more

Conclusion: Last but not least, GST registration is very crucial to run your business smoothly and hassle-free. The above-mentioned is the process by which an applicant can register his/her GST. If you think that the above-mentioned process is complex, you should take an expert's advice and if you don't have an expert- connect to Online Legal India for their expert's assistance and register your business under GST seamlessly.