Goods and Service Tax : Complete Guide For Online GST Registration

GST is a new tax reform which has completely changed the tax system in India. The full form of GST is Good and Services Tax. After the implementation, it has replaced all kinds of Indirect taxes present in India.

The old indirect tax system is very confusing and functions under the rules of central and state governments. Because of this complicated tax structure, the cost of goods is also rising. Therefore, in order to simplify the indirect tax system , the Government of India has adopted a modern reformed tax system known as Good and Services Tax (GST).

In this article we will provide you with a complete guide on online GST Registration, what is goods and service tax?, it benefits, tax slabs rate, process to apply and documents required.

What is Goods and Service Tax (GST)?

GST is a single tax structure for all kinds of Indirect tax running in India such as excise duty, service tax, Value Added Tax (VAT), entertainment tax, etc. In other words all indirect taxes are charged under one single tax system known as Goods and Service Tax.

After the implementation of the new tax system GST, tax will be levied on source based instead of destinatination based. It was before charged on every stage of the supply chain but now only a single tax will be charged for multiple stages in the supply chain.

Types of GST

Now under the new tax law, tax revenue will be divided equally among both Central and State Government. According to this there are different types of gst are as follows:

State Good and Service Tax (SGST): When the supply of goods and services are done within the state then the half portion of tax revenue will be charged by the state known as the SGST.

Central Good and Service Tax (CGST): When the supply of goods and services are done within the state then the other half portion of tax revenue will be charged by the central government known as the CGST.

Integrated Good and Service Tax (IGST): When the supply of goods and services are done between the inter-states then the full portion of tax revenue will be charged by the central government known as IGST.

Union Territory Good and Service Tax (UTGST): When the supply of goods and services takes place within the union territory, the part of tax profit that the Union Territory gets is called UGST.

Tax Slabs/Rates under GST

Five forms of tax slabs are used in GST dealing with various goods and services segments, i.e. 0%, 5%, 12%, 18% and 28%. In line with the new tax law, there are some exemptions under GST for petroleum products, alcoholic products and electricity goods and these commodities are charged as per the old tax system.

Benefits of Goods and Service Tax

Checkout some highlighted benefits of gst which are mentioned below.

Cascading effect will be removed from tax i.e tax will be charged on source based instead of destination based.

Very less Compliance in GST in comparison with old tax system.

GST returns can easily filed online under gst online portal.

All your business transactions details are organised under GST.

Composition schemes will be given for small business.

Process for Online GST Registration

The process for applying for gst registration will be done in 5 easy and simple. just follow the below mentioned procedure:

Step 1: Firstly visit gst registration online portal.

Step 2: Fill all the details correctly in gst registration form and upload all the documents required.

Step 3: Make the payment online for your gst application.

Step 4: After verifying your details your application will be preceded by one of our gst executive.

Step 5: Within a few working days you will receive a gst registration certificate on your registered email address.

Documents Required for GST Registration

Check below table for documents required.

Business Type	Documents Required for GST registration
Sole proprietor / Individual	PAN card of the owner Aadhar card of the owner Passport size photograph of the owner (in JPEG format, maximum size – 100 KB) Bank transaction details (Copy of pasbook first and last page) Business address proof (Copy of Elctricity and water bill/Property Documents (if owned)/ Rent agreement/etc)
Partnership firm/ Limited Liability Patnership (LLP)	PAN card of all partners (including managing partner and authorized signatory) Copy of partnership deed Photograph of all partners and authorised signatories (in JPEG format, maximum size – 100 KB) Address proof of partners (Passport, driving license, Voters identity card, Aadhar card etc.) Aadhar card of authorised signatory Proof of appointment of authorized signatory In the case of LLP, registration certificate / Board resolution of LLP Bank transaction details (Copy of pasbook first and last page) Business address proof (Copy of Elctricity and water bill/Property Documents (if owned)/ Rent agreement/etc)
Hindu Undivided Family (HUF)	PAN card of HUF PAN card and Aadhar card of Karta (head of the family) Photograph of the Karta (in JPEG format, maximum size – 100 KB) Bank transaction details (Copy of pasbook first and last page) Business address proof (Copy of Elctricity and water bill/Property Documents (if owned)/ Rent agreement/etc)
Public/ Private Limited Company ) (Indian and foreign)	PAN card of Company Certificate of incorporation given by Ministry of Corporate Affairs Memorandum of Association / Articles of Association PAN card and Aadhar card of authorized signatory. The authorised signatory must be an Indian even in case of foreign companies/branch registration PAN card and address proof of all directors of the Company Photograph of all directors and authorised signatory (in JPEG format, maximum size – 100 KB) Board resolution appointing authorised signatory / Any other proof of appointment of authorised signatory (in JPEG format / PDF format, maximum size – 100 KB) Bank transaction details (Copy of pasbook first and last page) Business address proof (Copy of Elctricity and water bill/Property Documents (if owned)/ Rent agreement/etc)

Why choose Us for GST Registration?

We are the professional consultant company which helps the businessperson from the tough government registration process which is not easily understandable by the first time visitors. We help them by saving their time and efforts. Our portal provides a single window system for hassle free registration work.

If you have any further queries then you can feel free to reach us by filing our form at e-registration.co.in and will contact you soon.