How to Register GST for Small Business in India?

Goods and Services Tax (GST is the tax which is applied on goods and services that are sold domestically for consumption. This tax is included in the final price and is paid by the customer. GST registration service India can be a difficult process, but it is necessary for all the business owners. For small businesses, GST registration can be a bit complex, but it is crucial step, as it helps to ensure compliance and avail of various benefits. If you are also a small business owner, continue reading as this blog will help in solving most of your queries.

 

1. Determine Eligibility:

Before registering your business, first you should confirm if your business needs GST registration Service or not. In India, if your business annual turnover exceeds Rs. 40lakhs (₹20 lakhs for special category states) then it is compulsory for you to register it. However, even if your turnover is below this threshold, voluntary registration can be advantageous for claiming input tax credits.

2. Gather Required Documents

Once you have checked all the necessities, then you have to get started with the registration process. For GST registration, you have to prepare the following documents:

PAN Card: The Permanent Account Number of business owner is needed while getting a GST registration done.

Aadhaar Card: To complete the verification the Aadhaar card of business owner is needed.

Business Registration Proof: This could be a certificate of incorporation, partnership deed, or business registration certificate.

Address Proof: For the address proof, you should carry documents like utility bills, rent agreements or property documents.

Bank Account Details: A cancelled cheque or copyright for verification.

Photographs: You should carry the copyright size photographs.

3. Create a GST Portal Account

To create a GST Portal Account, you have to visit (www.gst.gov.in) and then you have to create your account. You have to enter all of your information such as Business name, business type and contact information. Once your business is registered, you will receive a TRN (Temporary Reference Number) on your registered email or phone number.

4. Fill Out the GST Application

To fill out the application, you have to login to the portal using the TRN and then you have to fill out the GST registration form. You have to enter the following information about your business.

Business Details:  You have to mention your business name, address and the type of business you want to register.

Proprietor details: You have to enter your identity proofs like PAN card information, Aadhar Card information and business details.

Band Account Details: You need to enter the bank information such as Bank name, account number and IFCS code.

Goods and Services Details: You have to mention the goods and services that your business will be providing.

5. Upload Documents

After entering all the information, you have to ensure that all the documents are uploaded and entered correctly.

6. Verification and ARN Generation

Once you have submitted your GST application, it will be reviewed by the authorities. If everything is in order and is correctly entered, you will receive Application reference number (ARN0 via email or SMS. This ARN will help you in tracking the status of your application.

7. GST Registration Certificate

Once the verification is successfully done, you will receive a GSTIN (GST Identification Number) and GST registration certificate. This certificate is important, as it will be needed while GST invoicing and availing of input tax credits.

8. Post-Registration Compliance

Once registered, you must comply with GST filing requirements. This includes periodic filing of GST returns and maintaining proper records of sales, purchases, and taxes paid.

GST registration is a very important step for small business which aims for growth and compliance. To have a smooth Online GST registration process and to get the leverage of benefits you must follow these steps in your business operations.

 

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