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    Tuesday, May 9, 2017

    How to Register Your Business for GST in India

    With the portal for registration of GST going online and with the government keen on the shift over from service tax to GST by April 1, 2017, it is time to kickstart the GST registration process.

    GST (Goods and Service Tax) will be active from April 2017 and all those who have registered themselves for service tax and central excise or any other state tax laws such as VAT, need to get their GST registrations underway. The migration process from the present tax systems has begun, and thus, it is essential to understand the salient features as well as the process for registration into GST. Let us look in detail at the process for registering for Goods and Service Tax.

    GST Enrollment Schedule

    GST enrollment schedule

    Getting the Provisional ID for GST

    Obtaining Provisional ID and Password
    The provisional ID and password for the GST registrations are directly obtained from your state’s VAT department. All existing taxpayers will be provided with a unique provisional ID and password by their tax officers. The ID and password are mandatory requirements for enrolling for GST and can be used to log into the GST portal created for this purpose.
    Documents Required for Registration
    Other than the provisional ID and password provided, ensure that you have the following documents/information with you, at the time of enrolling for GST.
    i) A personal email id to receive confirmation as well as acknowledgement.
    ii) Bank account number and IFSC code.
    iii) Proof of business, such as a partnership deed (PDF or JPEG file of the same), registration certificate, and LLP Agreement, whichever applies. Keep the soft copy of the above-mentioned documents to upload easily onto the website.
    iv) A photograph of partners, owner or Karta (in case of HUF) in a JPEG file with a size not exceeding 100KB.
    v) A proof of appointment of authorized signatory, in either PDF or JPEG file, not exceeding 1MB.
    vi) Bank account details (soft copy), with the image of bank account number, branch address as well as the address of the account holder (front page of the passbook, or bank statement). Again, ensure that the file size does not exceed more than 1MB.

    Registration Process

    Step 1: Username and Password
    Go to the GST website and create a user ID and password. You need to use the provisional ID and password here to create the login credentials on the GST website.
    GST website
    Click the link to the GST site, and hit ‘New User Login’ as shown below. Click ‘I agree’ on the declaration form displayed and hit ‘Continue’ to register.
    GST provisional
    Step 2: Login
    Once you agree to the declaration and hit ‘continue’, you will be taken to the ‘Login’ page. Use the ‘Provisional ID’ provided by the tax department through mail, SMS or through any other communication, to Login.
    If the ‘Captcha’ image is not clear, reload it, and enter it in the box provided before pressing ‘Login’ tab.
    GST enrollment
    Step 3: Verification of credentials
    As soon as you login with the ID provided, a provisional ID verification page will be displayed. Here, you need to fill in the details required for the registration, including:
    1. Valid email ID
    2. valid mobile number
    Since important information and One Time Password will be sent to this ID and number, ensure that you have filled the correct details before clicking on ‘Continue’.
    The OTP will be sent to your email ID and mobile number, and both will be required for verification.
    Also, remember that the email ID and mobile number entered by you will be permanent, and will register in the records for any future correspondence.
    Any change in both email ID and mobile number can be done only after April 1, 2017, as specified in the GST ACT.
    Step 4: Five Questions
    With the OTP verified, you will get the page with new credentials. There are options to fill in the personal details on the page to secure login. Change the password to secure your login.
    Once you set the password, you will be taken through a series of security questions. Answer them, and click ‘Submit’.
    There are five questions on this page, and think carefully before answering. It is mandatory to fill in the answers for all the five questions.
    Step 6: Enrollment Application
    Once you log into the account, after securing the credentials, you will be taken to the ‘Welcome Page’ of your account.
    Your Dashboard will have ‘Provisional ID Enrollment’. Click on that to get the Enrollment application.
    Step 7: Complete the Form
    The page displayed once clicking on the ‘Provisional ID Enrollment’ on your dashboard will contain eight slabs, indicating:
    I. Business details
    II. Promoters or partners
    III. Authorized signatory
    IV. Principal place of business
    V. Additional place of business
    VI. Goods and services
    VII. Bank accounts
    VIII. Verification
    Since the enrolment requires your business details, the first tab, it will be selected as the default. Fill in all the details asked for to complete the form.
    Step 8: 8 Tabs
    The business details to be included are as given:
    Apart from the blank form to be filled, certain details are autopopulated in the application from the data available through VAT system. Details such as:
    a.Legal name of business as per PAN and Current Tax Act
    b.PAN number of businesses
    c.State under which the business is registered
    d.Ward or circle or sector
    The above-mentioned details cannot be changed. However, some details can be edited. These are as follows:
    1. Trade name
    2. Constitution of business
    3. Registration number
    4. Date of registration of business
    5. Document upload section.
    Once you fill in the details and edit any if required, save the form, and click ‘Continue’.
    Step 9: Owners’ Details
    The next page of enrolment would be the details of the promoters or partners of the business. Enter the requisite details demanded, hit save and continue.
    In case your business (or the names entered in the partners or promoters section) consists of an authorized signatory, you need to select the ‘Authorised signatory’ tab to fill in the details.
    Step 10: Place of Business
    On the ‘Principal Place of Business’, enter the relevant details, and click ‘Continue’. Do not forget to click ‘Save’ to ensure you have a hassle-free process.
    Step 11: Goods and Services
    Under the goods and services tab, you need to enter the ‘HSN’ code of the goods handled under your business. If you do not know the code, simply enter the name of the goods under ‘Search HSN code’ to obtain the same. Hit Save and continue.
    The same applies for services, too. Enter the SAC code of the services provided, or search for it, to obtain the same, and ‘Continue’ to the next step of the enrollment form.
    Step 12: Bank Details
    Under this tab, you need to enter details of the Bank account, type of bank account and IFSC code. The supporting documents for the same (soft copy of passbook or statements) need to be uploaded.
    Step 13: Verification
    Once you have submitted all details, you will be asked to verify the same and sign it with the DSC (digital signature certificate).
    Submit the form, with DSC, after verification. The ‘Successful Submission’ message will be displayed on screen. You will receive an acknowledgement within 15 minutes of submission. An ARN or application receipt number will be sent in the mail for further queries regarding the enrollment form.
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    Item Reviewed: How to Register Your Business for GST in India Rating: 5 Reviewed By: Hemant Verma
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