GST Registration – All you need to know about GST Registration

GST Registration  – All you need to know about GST Registration

The goods and services tax, which is commonly known as GST, is one of the most important tax reforms in the entire country. The goods and services tax is a destination-based tax and is a single tax system that subsumes previously existing taxes, such as the central special tax, VAT, entry tax, service tax, etc. 

GST follows a dual model in which both the state and the central governments collect taxes on transactions of goods and services in India.

All companies are required to obtain a GST identification number (GSTIN) in each state in which the company makes external supplies. The first step in adopting this new tax regime is to assess whether the company can register and, consequently, obtain the GST registration.

GST mandatory registration

According to the registration guidelines for the goods and services tax, the following categories of suppliers must be registered independently of the billing:

• The passive subject that transports interstate supplies
• Casual and non-resident taxpayers
• Companies subject to paying taxes under surcharge
• Agents that supply on behalf of a taxable person
• Inbound Service Distributor
• Sellers in e-commerce platforms
• All e-commerce operators.
• The person who provides online information and access to databases or recovery services from outside India to a person not registered in India
• Persons responsible for deducting TDS

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GST registration procedure

For distributors registered under the existing central and state tax

• All distributors registered under existing law and who have a PAN must access the common GST portal and register by validating their email ID and telephone number
• When enrolling in GST, a provisional registration certificate will be assigned to a grantee on Form GST REG-25. If a concessionaire has obtained multiple registrations on the basis of a single PAN under existing law, that concessionaire will be granted only a provisional Registry. In the situation of centralized registration under the Service Tax, a concessionaire will be allowed a unique provisional registration in the state or union territory in which it was previously registered.
• Within 3 months, distributors needed to submit Form GST REG-24 on the India GST Portal/website along with the GST data and registration documents as prescribed.
• If all the data provided is complete and satisfactory, the final registration certificate will be allotted on Form GST REG-06.
• If the details presented are not satisfactory, a justified cause notice will be issued on Form GST REG-27, and there will be a test before canceling the temporary registration. If the justified cause test is unsuccessful, or if the details are not provided within the stipulated period, the provisional registration allowed on the GST Form REG-25 will be canceled by issuing an order on the GST Form REG-26.
• During the transition, if a taxpayer is not required to register under the GST, but was previously registered (central and state law), he has the decision to cancel the provisional registration allotted by submitting the GST Form REG-28.

For new businesses / New GST registration

If you are a regular distributor or a compound taxpayer, you must do the following to obtain a new GST record:

• Complete Part A of Form GST REG-01. Provide PAN, mobile phone number and email ID and submit the form.
• The PAN is verified in the GST Portal. The mobile phone number and email identification are verified with a one-time password (OTP).
• One will receive an application reference number on their mobile phone and by email.
• Complete Part B of Form GST REG-01 and specify the reference number of the received application. Attach other needed documents and submit the form. The following is the list of documents that will be uploaded:
• Photographs: Photographs of the owner, partners, trustee, committee, etc. and authorized signer
• Taxpayer’s constitution: company deed, certificate of registration or other proof of incorporation
• Proof of principal / additional place of business:
• For own premises: any document that supports the property of the premises, such as the last receipt of property taxes or the municipal copy of Khata or copy of the electricity bill.
• For rented or leased premises: a copy of the rental/lease agreement together with the documents of the owner (lessor) such as the last receipt of the property tax or the municipal copy of Khata or copy of the electricity bill.
• Proof related to the bank account: scanned copy of the first page of the bank passbook or bank statement
• Authorization forms: For each authorized signer, upload a copy of the authorization or a copy of the resolution of the management committee or the board of directors in the prescribed format.
• If additional information is required, Form GST REG-03 will be allotted. It is necessary to respond on Form GST REG-04 with the required information within 7 business days from the date of receipt of Form GST REG-03.
• If all the required information has been provided through Form GST REG-01 or Form GST REG-04, a registration certificate will be allotted in Form GST REG-06 within 3 days from the date of getting the Form GST REG-01 or Form GST REG-04.
• If the details presented are not satisfactory, the registration application is rejected using Form GST REG-05.

Amended GST registration details

• Any difference in the details provided at the time of registration needed to be submitted within 15 days from the date of such changes on the GST Form REG-13.
• Particular changes in the GST REG-11 form such as the name of the company, the management committee, the details of the partner, etc., need the approval of an official. After verification, an officer approval request is assigned on Form GST REG-14 to amend the details.
• Changes in business details that appear in the change of the registered taxpayer’s PAN number need a new registration in Form GST REG-01.

Online GST registration cancellation

Online GST registration cancellation request

• A registered taxpayer requesting the cancellation of the registration must submit the GST REG-14 form together with the details of the closing stock (inputs, semi-finished products, finished products, and capital goods), tax liability and payment of taxes along with the relevant documents within 30 days.
• A taxpayer who has voluntarily registered can request cancellation only after completing 1 year of registration.

Cancellation of GST registration by an officer

The registration granted to a taxable person will be canceled by the official in the following cases:

• The business is not carried out from the declared place
• The invoice or invoice is issued without the supply of goods or services in violation of the provisions of this Law, or the rules
• A regular distributor has not submitted returns for 3 consecutive quarters.
• Discontinued business, amalgamated with another entity, spin-off
• Change in business constitution
• Registration has been obtained through fraud, intentional inaccuracy or suppression of facts, etc.

GST registration cancellation process

• A notice will be granted on Form GST REG-16 to the taxpayer to prove the cause Within 7 days, the taxpayer must respond to the notice as Why his registration should not be canceled on Form GST REG 17
• If the answer is found to be satisfactory, the officer will suspend the cancellation procedures by issuing an order on Form GST REG-19. If the details are not satisfying, the officer will allow an order on the GST Form REG 18 to cancel the registration within 30 days from the date of presentation of the case

Revocation of a canceled GST record

• In the event that an official cancels the registration, a taxable person may request the revocation by submitting the GST Form REG-20 within 30 days from the date of the cancellation order
• If the officer is satisfied, the cancellation will be withdrawn by issuing an order on the GST Form REG-21 within 30 days from the date of said request.
• If the officer is not satisfied, the revocation request will be dismissed on Form GST REG-5. Prior to this rejection, the taxpayer will receive a justified cause notice on the GST Form REG-22 and the taxpayer must respond within 7 business days with the details such as Why the request submitted for revocation should not be rejected on the Form GST REG-23