GST Registration Procedure GST or Goods and Service Tax is a destination based tax, levied at the time of consumption of goods or services by the ultimate consumer. GST is similar to VAT, wherein the output tax is calculated and from it, the input tax is deducted to arrive at net tax. One of the major advantages of GST is that multiple levy of tax on good and services like sales tax, entry tax, octroi, central excise duty, etc., would be clubbed under a single GST. With the GST all set to be rolled out, we look at the procedure for obtaining GST registration in India. GST Registration Requirement Any person with a taxable supply turnover over Rs.25 lakhs would be required to register for GST in India. There is also a mechanism available for voluntary GST registration to help claim input tax credit. The term person under GST law includes proprietorship, partnership firms, Hindu Undivided Family, Company, LLP, Society and any other legal entity. GST registration must be obtained within 30 days of exceeding the Rs.25 lakh turnover limit. In case of those having existing service tax or VAT registration, procedure would be announced for migrating the VAT or Service Tax registration as a GST registration. GST Registration Number It is expected that GST registration would be provided based on PAN. Another major advantage of GST implementation is that the same GST registration number can be used in all states across India. Under the current VAT regimen governed by the State Governments, a VAT dealer must obtain VAT registration in each of the State, incurring additional cost and compliance formalities. Documents Required for GST Registration The following documents would be required to obtain GST registration: For Private Limited Company Certificate of Incorporation Memorandum of Articles Articles of Association PAN of the Company List of Directors Board Resolution Identity Proof of Directors Address Proof of Directors For Limited Liability Partnership Certificate of Incorporation LLP Agreement PAN of the LLP List of Partners Identity Proof of Partners Address Proof of Partners For Proprietorship PAN of the Proprietor Address Proof of the Proprietor Online GST Registration Procedure GST registration procedure would be online through a portal maintained by the Central Government or State Government. The applicant would have to submit an online application for GST registration using Form GST-1 along with detail of the good and services to be dealt. Online payment for the registration fee would be made available and temporary GST registration number would be provided on submission of application. On submission of the application, the applicant would have to print a copy of the application, attach the documents mentioned above and courier the same to the GST department. On verification of the application, final GST certificate would be issued by the concerned officer. GST registration procedure is expected to be a completely online process, similar to the service tax registration process.
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