With the GST bill approved by the President and the GST council busy finalizing the rules and regulations, all existing businesses registered under central excise, service tax or VAT need to register under GST using an online registration process.
GST Registration for existing Central Excise, Service Tax Assesses
All existing central excise and service tax assesses are being migrated to GST. An existing assesses would be provided a Provisional ID and Password by CBEC online on logging into their existing ACES login for excise or service tax. Provisional IDs are being issued to only those assesses who have a valid income tax PAN associated with their excise or service tax registration.
In some cases, an assesses may not be provided a provisional ID. Possible reasons for this include:
- PAN associated with the registration not being valid
- The PAN being registered with state tax authority and provisional ID having been provided by the said state tax authority (e.g. state VAT department).
- There being multiple central excise or service tax registrations on the same PAN in a state. In such a case only one provisional ID would be issued for the 1st registration
The assesses need to use this Provisional ID and Password to login to the GST Common Portal where they would be required to fill and submit the Form 20 along with necessary supporting documents.
GST REGISTRATION PROCESS FOR NEW USERS
The registration process sets forth at www.gst.gov.in. Depending on the credentials, the user can begin the application process as a “New User” or “Existing User.” On the next web page, use the Provisional ID and the password supplied by the state VAT department. If you do not have either a Provisional ID or password, contact your state VAT department.
On the next web page, fill in the details to generate One Time Password (OTP) and, subsequently, the password for your login. On the next web page, answer the security questions —these will come handy should you ever forget your login details.
Login with the details set up in STEP 1. Based on existing data with the state VAT department, some of the tabs will stay populated, and these cannot be edited. The details that will already be filled are:
- Legal name of business (as per PAN)
- Legal name of business (as per current tax act)
- PAN of business
The next web page revolves around the personal particulars of the promoters/owners. It is a straightforward process and should be a breeze for any applicant possessing the information. If the stakeholder is also the Authorised Signatory, then select the “Also Authorised Signatory” option.
Upon nominating yourself as the Authorised Signatory, you will have to replicate the procedure in STEP 3, using your personal details. Again, nothing technical, —just a tedious fill-in-the-blanks process.
This is where the technical part begins. For the “Principal Place of Business,” fill in the complete official address and the official contact details and submit documentary evidence for the same. This is to be duplicated on the next web page, i.e., “Additional Places of Business.
On the ensuing web page after completing the STEP 5, fill in the information relating to the goods and services provided by your business. On the “Goods” tab, you must include details relating to the relevant HSN applicable to your business.
Link the bank account on the following page after completing STEP 6. The next page should include details relating to the substantiation of the application and will require a Digitally Signed Certificate or E-signature.
The process on the applicant’s end is now complete. An acknowledgement confirming your registration for GST should be transmitted to your email and phone number within few minutes.
Details relating to the ‘Trade Name’ can be edited, and the application should ensure that other pending details are filled accurately.
The enrolment procedure calls for multiple submissions of several details for a single entity, as well as for every other body under the aegis of the applicant. Such monotonous and duplication of study can cause clerical errors. These can be avoided by using specialized software.
Although GST simplifies the indirect tax regime, it is a complex tax system in totality. To be fully compliant with the GST Act, a supplier needs to ensure that multiple forms are filled during registration and throughout the general course of business. All this hassle and consumption of workforce hours can be warded off by automating the entire operation.
DOCUMENTS REQUIRED FOR REGISTRATION
Here, is the list of documents required for GST registration:
- PAN card of the company/ business entity
- Proof of constitution like Articles of association, Memorandum of Association, Certificate of Incorporation, Partnership Deed etc
- Proof of place of business like Electricity bill
- Cancelled cheque of your bank account showing all the details of the account holder
Who needs to register under GST
Check whether you are eligible or not to register yourself under GST process. The following are liable to register under the GST process: