What Are The Compliance Requirements For GST Registration?

GST Registration Compliance Requirements in India

Who Needs to Register for GST?

1. Turnover Threshold:

Businesses with an annual aggregate turnover exceeding ?20 lakhs (?10 lakhs for special category states) for service providers.

Businesses with an annual aggregate turnover exceeding ?40 lakhs (?20 lakhs for special category states) for suppliers of goods.

2. Interstate Suppliers:

Any business engaged in the supply of goods and/or services across state borders must register for GST, regardless of turnover.

3. E-commerce Operators:

Platforms that facilitate the supply of goods/services must register for GST irrespective of their turnover.

4. Casual Taxable Persons:

Individuals or businesses that occasionally supply goods/services in a taxable territory where they don’t have a fixed place of business must register.

5. Non-Resident Taxable Persons:

Non-residents making taxable supply of goods/services in India must register for GST.

6. Agents of a Supplier:

Agents who supply goods/services on behalf of other taxable persons must register for GST.

7. Input Service Distributors:

Businesses that distribute input tax credit to their branches must register for GST.

8. Reverse Charge Mechanism:

Businesses required to pay tax under the reverse charge mechanism must register for GST.

9. Others:

Persons required to deduct tax at source (TDS).

Persons required to collect tax at source (TCS).

Any other person notified by the government.

Documents Required for GST Registration

1. PAN Card of the Business or Applicant:

Mandatory for all entities except for non-resident individuals.

2. Identity and Address Proof:

Aadhaar card, passport, driving license, or voter ID for individual proprietors.

PAN and proof of address for company directors/partners.

3. Business Registration Proof:

Partnership deed for partnerships.

Certificate of incorporation and Memorandum/Articles of Association for companies.

4. Address Proof of Business:

Property tax receipt, rental agreement, or electricity bill.

Consent letter/NOC if the property is leased.

5. Bank Account Proof:

Canceled cheque or bank statement.

6. Photographs:

Passport-sized photographs of the owner, partners, or directors.

Steps for GST Registration

1. Online Application:

Access the GST portal (https://www.gst.gov.in/) and click on "Register Now."

2. Fill Part-A of Form GST REG-01:

Provide basic details like PAN, mobile number, email ID, and state.

3. Receive OTP:

OTPs are sent to the registered mobile number and email for verification.

4. Fill Part-B of Form GST REG-01:

Provide detailed information about the business, including trade name, business address, bank details, and principal place of business.

5. Upload Documents:

Upload scanned copies of the necessary documents.

6. Verification:

The application and documents are verified by the GST officer. Additional information may be requested.

7. GST Registration Certificate:

Upon approval, the GST Registration Certificate is issued along with the GSTIN (Goods and Services Tax Identification Number).

Post-Registration Compliance

1. Display of GSTIN:

Display the GSTIN prominently at the place of business.

2. Invoicing:

Issue GST-compliant invoices for all taxable supplies.

3. Returns Filing:

File monthly/quarterly GST returns (GSTR-1, GSTR-3B, GSTR-4, etc.) and annual returns (GSTR-9).

4. Maintain Records:

Keep accurate records of sales, purchases, input tax credit availed, and tax paid for at least six years.

5. Payment of Tax:

Pay the tax liability on time to avoid interest and penalties.