GST Registration Requirements in India

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GST Registration Requirements

• A Guide to GST Requirements in India by
  Enterslice

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The steps are as follows
Create a login account on the GST website to
initiate the registration process. The
requirements for this are email, PAN, mobile
number. (GSTN portal).PAN will be verified
automatically online. These details are to be
filed in form PART 1 of GST REG-01.
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The steps are as follows
Submit the application form once the
verification is done, one has to fulfill the
registration form. Documents required for GST
Registration are- Photograph- Constitution of
taxpayer (Partnership deed, COI, etc.)- Proof of
principle place of business (electricity bill,
NOC, rent agreement)- Bank Account details
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The application through FORM GST REG 02.
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Verification by GST officer

• Once the application is filled and submitted,
  then it shall be forwarded to the proper officer
  who will then examine the application and the
  documents attached. If everything is found to be
  in order, then GST registration will be granted
  within 3 working days.
• If any deficiency is found in the application,
  then it shall be communicated to the applicant
  within 3 working days in FORM GST REG-03.
• After getting the deficiencies, the
  applicant will have to respond within 7 working
  days through FORM GST REG-04.

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Verification by GST officer

• No action within 3 working days If the officer
  does not respond to you either with deficiencies
  or approval then the application for grant of
  registration shall be deemed to have been
  approved.
• Registration Certificate When the application is
  approved by the officer, then a certificate of
  registration in FORM GST REG-06 shall be issued
  through a common portal. The applicant can easily
  download the registration certificate from the
  common portal using their login id passwords.

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Verification by GST officer

• Separate registration for each branch If you
  have different branches in different states, then
  separate registration needs to be applied for
  each state.
• A registered taxable person eligible to obtain a
  separate registration for business verticals may
  file separate application in FORM GST REG-1 in
  respect of each such vertical.

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GST Tax Rate

• A four-tier GST tax structure of 5, 12, 18 and
  28, with lower rates for essential items and the
  highest for luxury and de-merits goods that would
  also attract an additional cess.Essential items
  including food, which presently constitute
  roughly half of the consumer inflation basket,
  will be taxed at zero rate.
• The lowest rate of 5 would be for common use
  items while there would be two standard rates of
  12 and 18 under the Goods and Services
  Tax (GST) regime targeted to be rolled out from
  April 1, 2017.

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Difference between VAT and GST
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Difference between VAT and GST

• In VAT only goods are taxable, but in GST the
  difference would have vanished.
• GST is the summation of all the indirect taxes
  that are levied in India.
• VAT is applied to tangible goods, and GST is
  applied to both Goods and Services. VAT is
  applicable for goods sold and not service.
  Service tax takes care of services rendered.
  However, GST will be applicable for both products
  and services , and will have a uniform pricing.
• GST is going to be both central and state tax,
  (there will be two components in GST, CGST, and
  SGST)

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How can I convert my VAT no to GST no?
If you get yourself registered under VAT, youll
be automatically migrated to GST network, thus
you will not have to do the complete process
again. Thus, as GST is just a takeover of VAT
number will be re-registered into GST
automatically at a later point of time
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