GST Registration Online: Documents Required, Limit, Fees, Process, Penalty
- What is GST Registration?
- GST registration is mandatory for businesses whose turnover exceeds the threshold limit set by the government.
- It’s a legal requirement under the Goods and Services Tax (GST) regime.
- Who Should Obtain GST Registration?
- Individuals or businesses registered under the Pre-GST law.
- Businesses with turnover above the threshold limit set by the government.
- Casual taxable person / Non-Resident taxable person.
- Agents of a supplier & Input service distributor.
- Those paying tax under the reverse charge mechanism.
- E-commerce aggregators.
- Persons supplying online information and database access or retrieval services from outside India to a person in India.
- GST Registration Process:
- Apply for GST registration on the GST portal using Form REG-01.
- ClearTax offers GST registration services to simplify the process.
- Documents Required for GST Registration:
- PAN of the Applicant.
- Aadhaar card.
- Proof of business registration or Incorporation certificate.
- Identity and Address proof of Promoters/Director with Photographs.
- Address proof of the place of business.
- Bank Account statement/Cancelled cheque.
- Digital Signature.
- Letter of Authorization/Board Resolution for Authorized Signatory.
- GST Registration Fees:
- There are no prescribed fees under the GST law for self-registration.
- ClearTax offers GST registration services with assistance from GST experts.
- Penalty for Not Obtaining GST Registration:
- Offenders not paying tax or making short payments face a penalty of 10% of the tax amount due, with a minimum of Rs.10,000.
- The penalty increases to 100% of the tax amount due for deliberate tax evasion.
In summary, obtaining GST registration is crucial for businesses to comply with legal requirements and avoid penalties. ClearTax provides comprehensive assistance for a hassle-free registration process.
