Gst registration in india

1. 1. Practical Guide on GST Registration in India
2. 2. A word from the Author This presentation has been created to aware the people about various complex laws relating to GST registration in India in a very easy and presentable manner. The presentation has been created by the experts of Hubco.in, a website which deals in online registration and consultancy relating to GST, Company registration including finance companies like NBFC, Nidhi or producer company. In case you have any query regarding GST or company registration, kindly drop an email to paras@hubco.in and I would be more happy to answer. Best Wishes CA Paras Mehra
3. 3. Practical Guide to GST Registration in India Get Started
4. 4. Basic rules for GST Registration 1. Every person shall be liable to be registered under GST if the total turnover (including exempt supplies) crosses the of Rs.20 lakh in a financial year. However, for north eastern states, the turnover limit is Rs.10 lakh. 2. To be eligible for GST registration, the person must have a valid PAN number (passport in case of non resident). 3. The GST registration is taken from the place where supply is executed. E.g. Mr. A is selling goods from his godown in Laxmi Nagar Delhi, and then he is liable to take registration from Laxmi Nagar, Delhi. Contd.
5. 5. Contd.. Basic rules 4. Turnover for registration is to be calculated on all India bases and not on state wise. E.g. if you have business one at Delhi and another is in Uttar Pradesh, then for GST registration the total combine turnover of Delhi and UP is to be taken. 5. Person must apply for GST registration within 30 days of becoming liable for GST registration. 6. If a person wants to add a branch outside the state, then he shall need to apply for another GST registration in the respective state. Contd.
6. 6. Contd.. Basic rules 7. A person registered under GST voluntarily shall need to comply with GST like any other registered person. Mandatory Registration Further, there are another categories of taxpayers who are required to take GST registration in India irrespective of the turnover, i.e. even if the person has Re.1 turnover, he needs to get GST registration if he falls under the categories of mandatory registration. Contd.
7. 7. Mandatory registration under GST
8. 8. 1. Making any interstate supply If you are making any interstate supply of goods or services, then the GST registration becomes mandatory. Interstate supply means supplying to other state. E.g. From Delhi to Haryana etc and includes exports as well. Contd.
9. 9. 2. Person liable to reverse charge Contd. Suppose, a unregistered person hires a GTA services, which is falling under reverse charge, then the same person shall need to take GST registration. Govt has notified service supply under reverse charge.
10. 10. 3. Casual taxable Person Casual taxable person is the person who occasionally undertakes supplies in a state and who has no fixed place of business there. He shall be required to take the GST registration. E.g. dealers during trade fair, Delhi. Contd.
11. 11. 4. Non Resident taxable person Contd. Non Resident taxable Person is the person who occasionally undertakes supplies in a India but has no fixed place of business or residence in India. He shall be required to take the GST registration.
12. 12. 5. Electronic commerce operator Electronic commerce operator means the person who owns, operates, or manages digital or electronic platform for ecommerce. E.g. The person who is running flipkart, amazon etc Contd.
13. 13. 6. Person selling through ecommerce Contd. Any person who is making supply through electronic commerce is required to take mandatory registration under GST. E.g. any seller selling through flipkart, amazon etc.
14. 14. Other categories of mandatory Reg. There are other categories of mandatory registration apart from stated above. Here are the following remaining list:  Person liable to deduct TDS  Input service distributor  Person providing online services from outside India to any unregistered person.  Person who supply goods on other person’s behalf (agent).  Other as may be notifed.
15. 15. Person not liable For GST registration
16. 16. Person Not Liable for GST Registration There are three categories of person which do not require GST registration in India even if they are falling under mandatory registration: Person not liable for GST Reg. Exclusive supplier Agriculturist Notified by Govt.
17. 17. 1. Supply exempted exclusively Any person making supply of exempted or non taxable goods or services exclusively, then he shall not be required to take GST registration. Further, exemption shall remain even if the person is supplying inter state supplies. Contd.
18. 18. 2. Agriculturist Contd. If any person is engaged in agriculture activities, then GST registration shall be not be required. Further, exemption shall remain even if the person is supplying inter state supplies.
19. 19. 3. Notified by the government The government may notify the category of taxpayers who do not require the GST registration. One of those category has been notified. Any person whose service is under reverse charge is not liable for GST registration.
20. 20. GST Registration procedure – All steps
21. 21. 1 Gather all documents The first step for GST registration is to gather all documents in scan form in your computer. Following is the list of basic documents requirement: PAN Card of the firm Registration documents Copy of Cancelled Cheque Passport size photo Authorisation letter Address proof like Elect bill Now proceed to step 2
22. 22. 2 Create TRN and Login The second step is to visit the gst.gov.in and click on new user registration, then after that a TRN number is generated, based upon which you can create the log in and proceed. While creating the login, make sure you enter valid mobile and email. This is because the GST registration is authenticated using the OTP on the respective mobile number and email. Now proceed to step 3
23. 23. 3 Prepare the GST REG - 01 The third step is to prepare the form GST REG – 01 online after logging in into the system. Make sure you fill all the details properly and correctly to avoid wrong registration later on. Upload all the legitimate documents online to avoid rejection of GST registration. Once the application is prepared, file the same and generate the ARN number. Now proceed to step 4
24. 24. 4 Follow up with ARN Number Once the ARN Number is generated, the application is transferred to the government department. Thereafter, the application is being verified by the GST officer. If any discrepancy is found by the GST officer, then the application is sent back to correct the errors. Once the errors are corrected, the application is refilled to the tax department. Now proceed to step 5
25. 25. 5 Registration granted or rejected If the clarification filed is incorrect, then the application is rejected. Further, if the clarification is accepted, then the GST registration is granted by the authority. The registration details are sent by the department to the registered email ID of the taxpayer. The taxpayer need to login into the system using the credentials. Registration Complete
26. 26. Download the Registration Certificate Once the GST registration is granted, the taxpayer can download the GST registration certificate in form GST REG 06. All the activity relating to GST can be tracked online in your GST account. Once the GST registration is granted, you need to issue tax invoice for each supply made of goods or services or both.

THANKS FOR READING....🔐

 👦A.SIVASANKARREDDY,