How Do I Apply GST for Registration?
Introduction
The Goods and Services Tax (GST) is a comprehensive, multi-stage, destination-based tax that is levied on every value addition. It is an indirect tax that has replaced many indirect tax laws that previously existed in India. This blog post will guide you on how Do I Apply GST for Registration through the process of understanding GST registration and how to apply for it.
What is GST Registration?
GST Registration is the process by which a taxpayer gets himself registered under GST. Once a business is successfully registered, a unique registration number is assigned to them known as the Goods and Services Tax Identification Number (GSTIN).
Why is GST Registration Important?
GST registration is crucial for several reasons:
- Legal Recognition: It gives the supplier legal recognition as a supplier of goods or services.
- Tax Payment: It enables the taxpayer to collect GST from his customers and pass the credit of the taxes paid to the purchasers.
- Input Tax Credit: It allows businesses to claim input credit of the taxes paid and also reduces the cost of the product for the consumers.
How Do I Apply for GST Registration?
Applying for GST registration involves the following steps:
- Visit the GST Portal: The first step is to visit the official GST Portal. This is a government-run website that provides various GST-related services.
- Fill the Form: On the GST Portal, you need to fill out the GST REG-01 form. This form will ask for details like PAN, contact information, business details, bank account details etc.
- Upload Documents: Depending on the type of business you have, you will need to upload certain documents. These may include PAN card, proof of business registration, constitution of the business, photographs, proof of appointment of authorized signatory, and bank account details.
- Verification and ARN: Once you’ve filled the form and uploaded the necessary documents, the information provided will be verified. After successful verification, an Application Reference Number (ARN) will be issued.
- GSTIN: If everything is in order, a unique GSTIN will be issued to you.
Documents Required For GST Registration
For Individual / Sole Proprietor:
- Owner’s PAN card
- Owner’s Aadhar card
- Owner’s photograph (JPEG format, maximum size – 100 KB)
- Bank account details
- Address proof
For Partnership Firm / LLP:
- PAN card of all partners (including managing partner and authorized signatory)
- Copy of partnership deed
- Photograph of all partners and authorized signatories (JPEG format, maximum size – 100 KB)
- Address proof of partners (Passport, driving license, Voters identity card, Aadhar card, etc.)
- Aadhar card of authorized signatory
- Proof of appointment of authorized signatory
- In the case of LLP, registration certificate / Board resolution of LLP
- Bank account details
- Address proof of principal place of business
For HUF:
- PAN card of HUF
- PAN card and Aadhar card of Karta
- Photograph of the owner (JPEG format, maximum size – 100 KB)
