NEW REGISTRATION BEFORE
30.7.2017 IN GST REGIME
The Goods and Services Tax Act, 2017 came into force
with effect from 1.7.2017 in India.
The suppliers of goods and services or both not registered under any of the existing law and liable for registration in GST Regime will have to register within 30 days i.e. before 30.7.2017 and in new cases within 30 days from becoming liable for registration.
The Slogan of GST is “One Nation, One Tax, One Market”.
The basic requirement for registration under GST Act
is “One valid PAN, One email ID and One Mobile Number”. By entering the above
details the First Step for registration will
be completed.
COMPLETING PART 1 OF
REGISTRATION APPLICATION
First access the GST website by entering www.gst.gov.in in any browser. Then click the Services Menu. Click the Registration
category and select New Registration.
Then click New Registration and then enter the PAN in
the given field. Then enter a valid
email ID and mobile number. The
communications from the GST portal will be sent to the email ID and mobile
number given in this field. Then click proceed button. Two different OTPs will be sent to the email
ID and Mobile number. Then enter the
different OTPs received in the next screen in respective fields. Then click
Proceed button which will complete the Part A of the Registration Application
process and will generate a Temporary Reference Number (TRN). Then proceed to
fill part B of the Registration application by entering the TRN received.
Click the link below to view the Video about registration process:
COMPLETING PART 2 OF
REGISTRATION APPLICATION
First access the GST website by entering www.gst.gov.in in any browser. Then click the Services Menu. Click the Registration
category and select New Registration.
Now Select Temporary Reference Number field and enter
the TRN received. Then enter the Captcha in the captcha field and click Proceed
button. This will generate OTP and then
enter the OTP received and proceed further. A new window will be visible with details of
My Saved Application with details as Draft. Now click Action button and
proceed.
Then fill the 10 Sections of Part B of the Registration
application with the following details.
I.
Business
Details
II.
Promoter/Partners
III.
Authorized
Signatory
IV.
Authorized
Representative
V.
Principal
Place of Business
VI.
Additional
Places of Business
VII.
Goods
and Services
VIII.
Bank
Details
IX.
State
Specific Information
X.
Verification.
By entering the
details in all details the application filing process will be completed.
Click the link below to view the Video about registration process:
PRESS RELEASES
The Government
has issued 2 press releases regarding this on 15.7.2017 and on 19.7.2017 and
the last date for existing taxpayers to enroll in the GST Portal is 22.7.2017.
Press
release about
Provisions
related to registration in GST regime
15th July,
2017
Do you know that as per the GST laws, you are required to take
registration on or before 30thJuly,
2017. Don’t wait for
the
last
date.
Register now.
If you are carrying
out any business and have an annual aggregate
turnover in the preceding financial year exceeding
Rs. 20 lakhs (Rs. 10 lakhs in Special Category States), you need to register
in all States/Union Territories from where you are making taxable
supplies. However, you need not register
if you are engaged
exclusively in the supply
of exempted goods
or services or both.The
timelines for applying for registration
are as follows:-
Registered under
any of the
existing law
|
Migrated
|
Liable for
registration
in GST
regime
|
Provisional Ids issued need to be converted
to GSTIN
by
submitting necessary
documents
in
3 months (i.e. by 22nd September 2017)
|
Not liable
for registration in GST
regime
|
Need to apply for cancellation in 30
days (i.e. by
22nd July,
2017)
|
||
Not-
Migrated
|
Liable for
registration
in GST
regime
|
Need to apply for registration
within 30 days
(i.e. by 22nd July, 2017)
|
|
Not registered
under any
of
existing law
|
Liable for
registration
in GST regime
|
Become
liable from
01/07/2017
|
Need to apply
for registration
within 30 days
(i.e. by 30thJuly, 2017)
|
Become liable after
01/07/2017
|
Need to apply for registration within 30 days from becoming
liable for registration
|
Taking registration in GST
is a
very simple process, and the comfort of
the taxpayer has been kept in mind while designing the procedure. You can take registration
from the comfort of your home by filing
an
online
application on the common portal https://www.gst.gov.in/.All you need is a
valid PAN, email id and a mobile number. Once these 3 details are verified, you will be required
to furnish other details relating to your business.
There is no need to submit any physical documents (unless a query is raised
and documents asked for) and all necessary documents can be scanned and uploaded. If there
are no queries, you will receive
your registration
online
within 3 working days from submission of online application.
It’s
simple. But what will happen if you
don’t get registered?
More than anything, getting registered is for your own benefit. If you are liable to take registration but don’t get registered, you will not be able to enjoy
the benefit of input tax credit. Not only
you, but any registered person,
purchasing from you may not
be able to get the input tax
credit. Not obtaining registration, though liable to do so, would also
attract penalty.
Getting
registered would lead to growth in one’s business. Prospective buyers, who
are registered under GST, will
prefer to buy from suppliers who are
also registered under GST, as this
would entitle them to the
input tax credit. This also means
that one is contributing his bit towards nation building, by ensuring that
appropriate taxes are collected and paid to the government.
All traders
are requested to register at an early
date without waiting for the last date.
************
Press release about
Clarification on migration, new registration, opting for
composition scheme and issue
of bills of supply
The rules related to registration and composition
scheme have been notified on 19th June, 2017. These rules have been brought into effect from 22nd
June, 2017. The intent of
notifying these
rules is to start the
process of issue of registration certificate, called
Goods and Services Tax Identification Number (GSTIN), to taxpayers who have already
been issued provisional ID for registration(PID) as
well as to the new
taxpayers.
2. Any person who has been granted PID and who opts for composition scheme, should
submit an intimation of
option
in a prescribed form on GSTN
on or before 21st July, 2017.
3. Any persons who has PID may submit the required documents
on GSTN for getting the certificate
of registration. It is clarified that a period of three
months is allowed to complete
this
procedure i.e. the formalities can be completed on or before 22nd September, 2017. In the interim, they can
issue tax invoice using the PID already allotted
to them.
4. A person seeking fresh registration can apply for registration within thirty days from the
date on which he becomes liable for registration. They can also opt for composition scheme at
the
time of filing of registration
form.
5.
The applicant for grant of new registration can issue a bill of supply for supplying goods or services during the period from the date of liability to obtain
registration till date of issuance
of the registration certificate,
if he
has applied for registration within
thirty days from the
date
he has become liable for registration. On grant of certificate of registration he can issue revised tax invoices
for the supplies made
during this period.
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