{"id":343,"date":"2020-05-02T12:52:35","date_gmt":"2020-05-02T11:52:35","guid":{"rendered":"http:\/\/vdtc.co.in\/?p=343"},"modified":"2020-05-02T12:52:37","modified_gmt":"2020-05-02T11:52:37","slug":"gst-registration","status":"publish","type":"post","link":"https:\/\/vdtc.co.in\/?p=343","title":{"rendered":"GST REGISTRATION"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">About<\/h3>\n\n\n\n<p>Every supplier shall be liable to be registered under this Act in the State or UT or any other special States, from where he makes a taxable supply of goods or services or both-<\/p>\n\n\n\n<p>If his aggregate turnover in a financial year exceeds 40 lakh rupees and 20 lakhs for special states.<\/p>\n\n\n\n<p>Where such a person makes taxable supplies of goods or services, he shall be liable to be registered if his aggregate turnover in a financial year exceeds ten lakh rupees.<\/p>\n\n\n\n<p>Note:<\/p>\n\n\n\n<p>Every person who is registered or holds a license under any existing law immediately preceding the appointed day. It shall be liable to be registered under this Act with effect from the appointed day.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Threshold limit for registration<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Registration is required to be obtained by the supplier of both goods and services<\/li><li>in the State or the UT or any other special states from where he makes the taxable supply<\/li><li>if his aggregate turnover in a financial year exceeds a specified threshold limit.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Registration -Advantages:<\/strong><\/h3>\n\n\n\n<p>\u2022 Proper accounting of taxes paid on the ITC that can be utilized for payment of GST due to the supply of goods or services or both by the business.<\/p>\n\n\n\n<p>\u2022 authorized to collect tax and pass on the credit of the taxes paid on the goods or services supplied to purchasers or recipients.<\/p>\n\n\n\n<p>\u2022 to enjoy various other benefits and privileges under the GST laws<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Who Should Register for GST?<\/strong><\/h3>\n\n\n\n<p><strong>\u2022<\/strong> Individuals registered under the Pre-GST law\u00a0<\/p>\n\n\n\n<p>\u2022 Businesses with turnover exceed the threshold limit of Rs. 40 Lakhs<\/p>\n\n\n\n<p>\u2022 CTP (Casual taxable person) \/ NR (Non-Resident) taxable person<\/p>\n\n\n\n<p>\u2022 Agents of a supplier &amp; ISD (Input service distributor)<\/p>\n\n\n\n<p>\u2022 A person is paying tax under the RCM (reverse charge mechanism)<\/p>\n\n\n\n<p>\u2022 The person who supplies through e-commerce aggregator<\/p>\n\n\n\n<p>\u2022 Every e-commerce aggregator<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Exceptions to this exemption are as follows:<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>persons who are required to take registration compulsorily under section 24 of the CGST Act.<\/li><li>Persons who are engaged in making supplies of ice cream and other edible ice.<\/li><li>Persons engaged in making intra-State supplies. Inter-State supplies of goods are nevertheless liable to compulsory registration and are already covered in exception (a) above.<\/li><li>A person who has opted for voluntary registration or such registered persons who intend to continue with their registration under the CGST Act.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Documents Required for GST Registration<\/strong><\/h3>\n\n\n\n<p>\u2022 Incorporation certificate<\/p>\n\n\n\n<p>\u2022 PAN of the Applicant<\/p>\n\n\n\n<p>\u2022 Aadhaar card<\/p>\n\n\n\n<p>\u2022 any Identity and Address proof of Promoters<\/p>\n\n\n\n<p>\u2022 any address proof of the place of business<\/p>\n\n\n\n<p>\u2022 Bank Account statement<\/p>\n\n\n\n<p>\u2022 Letter of Authorization\/Board Resolution for Authorized<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Procedure for registration<\/strong><\/h3>\n\n\n\n<p>Before applying for registration, every person liable to get registered and a person seeking voluntary registration shall declare his:<\/p>\n\n\n\n<p>Step 1 &#8211; PAN number, Mobile Number and Email are validated.<\/p>\n\n\n\n<p>Step 2 &#8211; PAN validated online by Common Portal from CBDT database<\/p>\n\n\n\n<p>Step 3 &#8211; Mobile number and email verified through a one-time password sent to it.<\/p>\n\n\n\n<p>Step 4 &#8211; TRN is generated.<\/p>\n\n\n\n<p>Step 5 &#8211; Log in with TRN<\/p>\n\n\n\n<p>Step 6 &#8211; Submit Business Information<\/p>\n\n\n\n<p>Step 7 &#8211; Submit Promoter Information<\/p>\n\n\n\n<p>Step 8 &#8211; Submit Authorized Signatory Information<\/p>\n\n\n\n<p>Step 9 &#8211; Principal Place of Business<\/p>\n","protected":false},"excerpt":{"rendered":"<p>About Every supplier shall be liable to be registered under this Act in the State or UT or any other special States, from where he makes a taxable supply of goods or services or both- If his aggregate turnover in a financial year exceeds 40 lakh rupees and 20 lakhs for special states. Where such<\/p>\n<p><span class=\"more-wrapper\"><a class=\"more-link button\" href=\"https:\/\/vdtc.co.in\/?p=343\">Continue reading<\/a><\/span><\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,28],"tags":[],"class_list":["post-343","post","type-post","status-publish","format-standard","hentry","category-gst","category-registrations"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/vdtc.co.in\/index.php?rest_route=\/wp\/v2\/posts\/343"}],"collection":[{"href":"https:\/\/vdtc.co.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vdtc.co.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vdtc.co.in\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/vdtc.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=343"}],"version-history":[{"count":1,"href":"https:\/\/vdtc.co.in\/index.php?rest_route=\/wp\/v2\/posts\/343\/revisions"}],"predecessor-version":[{"id":344,"href":"https:\/\/vdtc.co.in\/index.php?rest_route=\/wp\/v2\/posts\/343\/revisions\/344"}],"wp:attachment":[{"href":"https:\/\/vdtc.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vdtc.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vdtc.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}