The Government of India brought GST (Goods and Services Tax) in 2017. Many types of questions remain in the minds of people regarding this. Which can be for online GST filing till its registration limit.
GST (Goods and Services Tax) is a tax that is levied on the supply of products and services in India. GST is an indirect tax. It was implemented in 2017 to replace Variety of Previous Indirect Tax (VAT), Service Tax, Purchase Tax, Excise Duty and many previous indirect taxes. The registration limit for GST in India was earlier Rs 20 lakh. Now it has been increased to Rs 40 lakh. Now it is necessary for all businesses with turnover of more than Rs 40 lakh to get GST registration done. To register under GST (Goods and Services Tax) 2017, the turnover should be Rs 10 lakh for North-Eastern states including Himachal Pradesh, Uttarakhand, Jammu and Kashmir. In most states, restaurants with a revenue of more than Rs 20 lakh have to register for GST. On the other hand, the annual total revenue of the restaurant in the special category state is more than Rs 10 lakh. Then registration for GST will have to be done. Similarly, this applies to all manufacturers, traders and service providers. GST is applicable when the total turnover limit of a business exceeds the prescribed limit. GST registration is necessary for any business. No business organization can do business without registering under GST.
How many types of GST registration are there
There are many types of GST registration. The first is the normal taxpayer who comes under the special category of GST registration. This applies to taxpayers doing business in India. Composition taxpayers come in the second category. To register as a composition taxpayer, you must register under the GST Composition Scheme. Along with this, there are also categories of casual taxable person and resident taxable person.
How to apply online
Visit the official GST portal (gst.gov.in) for GST registration. Then click on the ‘Register Now’ option under the Taxpayers tab. After that choose the option of New Registration. Then fill the required details like business name, PAN, email id and mobile number. Enter the captcha and proceed. Enter the OTP received on your mobile number as well as email ID. Now the page will show you the Temporary Reference Number (TRN). Now again go to the GST Service Portal and click on ‘Register’ under the ‘Taxpayers’ menu. Select TRN. Enter TRN and Captcha. Click on ‘Proceed’ and you will again get an OTP. Enter this OTP and click on ‘Proceed’. Now you will see the status of your GST registration online application. On the right side you will see an ‘Edit’ icon, click on it. Now fill the details and attach the scanned copy of the document. Click on the verification page, after which you will have to check the declaration. Now add your digital signature. A success message will appear on the screen and you will be given an Application Reference Number (ARN). You can check AIN status on the portal.
Which documents are required
For GST registration you will need Aadhaar Card, PAN Card, Owner with Passport Size Photo, Address and ID Proof of Promoters, Bank Details, Passbook, Cancel Cheque, Supporting Address of Business, Registration Certificate, Digital Signature and Authorized Signatory Letter of Authorization It is necessary to be
