The Goods and Services Tax (GST) has simplified India's taxation system by subsuming various indirect taxes into one comprehensive tax. If you're a business owner, registering for GST is mandatory if your turnover exceeds the prescribed threshold. Here’s a breakdown of the registration process
GST Registration Procedure:
Step 1: Determine Eligibility
Check if your business meets the criteria for GST registration based on turnover and business type.
Step 2: Gather Documents
Collect the necessary documents such as PAN, Aadhaar, business incorporation certificate, address proof, bank account details, and business-specific documents.
Step 3: Online Application
Visit the GST portal and fill out the registration form (GST REG-01). Provide accurate information and upload the required documents.
Step 4: Verification
After submission, verify the application using EVC/ OTP generated through Aadhar. a GST officer will verify the application and documents. Any additional information or clarification may be requested.
Step 5: GSTIN Allocation
Upon successful verification, the GST Identification Number (GSTIN) is issued. This unique 15-digit number is your identity for all GST-related transactions.