GST Registration for is an essential requirement for the business whether it is a service based industry or goods. Implementing the “One Nation, One Tax” idea is a primary objective of this registration. There were many taxes such as VAT, Sales tax, service tax and other taxes replaced by the GST. After the GST registration the applicant receives a GSTIN that labeled the business follows all the GST regulation. This GSTIN is a unique 13-digit alphanumeric code that serves every taxpayer in India. In this article, you will get a thorough understanding over the GST Registration for /gst Registration For including its meaning, benefits, documents, process and fees.
What Is Proprietorship?
A proprietorship business includes only one person who exercises complete control over its functioning and could exist as long as its sole owner exists. Sole Proprietorship Firm in India is one of the most common forms of business which is adopted by many business owners who run retail shops, traders, wholesalers, MSME manufacturers, etc. Sole proprietorship is the most affordable and less compliance-intensive compared to other forms of business registrations.
Benefits for GST Registration for
The benefits for GST Registration for include:
- Easy to start a business: A GST Registration for makes starting a business easier as you don't need to deal with different rules in different states. A business can also operate across state borders without having to comply with different laws and regulations.
- Composition scheme: The government introduced the tax composition scheme for businesses with an annual turnover rate of Rs. 20 lakhs. This scheme is beneficial for small businesses.
- Simplified the process: GST makes the business easy as now calculating tax takes less time and experience a smooth tax-paying process.
Required Documents for GST Registration for
- Rohit Passport sized Photograph
- PAN Card
- Aadhar Card
- Trade Name (The business name may be different from Trade name)
- Business Address Proof
- Own Property - Electricity bill with the NOC on stamp paper with Notarized.
- Rented Property - Rent Agreement
- Nature of HSN Code or SAC Code
- Mobile number
- Email-Id
Process for GST Registration for
The stepwise process for GST Registration for is as follows:
-
Step 1: Application Submission
The first step is to file an application for the GST registration for Partnership firms. In this step, the applicant has to visit the GST official portal - https://reg.gst.gov.in/registration/ and generate TRN number by filing some details which are required there.
-
Step 2: Aadhar Authentication
When the TRN has been generated, the applicant will login and fill up the GST registration form which is mainly known as “GST REG-01”. Aadhar Authentication is needed to verify the identity of the applicant during this step. Here, the applicant receives an OTP on their mobile number which is linked with the Aadhar which is an essential step for successful authentication.
-
Step 3: ARN Generation
Once the Aadhar authentication and required document submission, an ARN (Application Reference Number) is generated. This ARN helps in monitoring ID that aids applicants to track the status of their GST Registration for application.
-
Step 4: Reply on Notice
After the application submission, the authority checks the documents and other details. If the officer finds any issue and discrepancies, a show cause notice is issued under the Form REG-03. The applicant has to respond to this notice within 7 days from the notice. In this notice reply, the applicant has to submit all the necessary clarification and documents.
Note: The notice from GST authority is not mandatory if the officer doesn't find any discrepancies; otherwise, it will proceed for the next step.
-
Step 5: Issue GSTIN
The GST department issues a GSTIN (Goods and Services Tax Identification Number) along with a GST Registration Certificate (Form GST REG-06) if the application is approved. GST portal allows the applicant to download the certificate.
Fees for GST Registration for
Legal Fees: There are no government charges for GST Registration for .
Professional Charges: Professional charges for GST Registration for can vary according to the professional experience. Bizfoc offers affordable GST Registration fees with an expert team. Our professional charges is just ₹1,499/-
Why choose Bizfoc?
Bizfoc offers reliable GST Registration for in India. We have qualified team members that have many years of experience in GST registration. We offer the most affordable and pocket friendly price. Get in touch with Bizfoc to get your GST Registration Certificate for Growing of Wheat in just 7 Working Days.
Frequently Asked Questions
GST Registration Process is a mandatory process that provides a legal recognition, ensures compliance with tax and allows taxpayers to claim input tax credits.
There are no government charges for GST Registration for .
Yes, you can get GST without a shop.
GST Registration is exempt for the business with turnover below ₹40 Lakh for goods and ₹20 Lakh for Services.
Yes, you can apply for GST while applying for incorporation of the company on the MCA Portal.
No, it is not compulsory to add a bank account as it is optional and non-mandatory.
TRN stands for Temporary Reference Number; it is a 15-digit reference number that is generated by completing Part A of the new registration. you will get TRN via SMS and Email.