Published on:
December 26, 2022

GST Registration

What is GST Registration?

Businesses whose revenue surpasses the threshold level of Rs.40 lakh, Rs.20 lakh, or Rs.10 lakh, as the case may be, must register as a normal taxable person under the Goods and Services Tax (GST). It's known as GST registration.

GST registration is required for certain businesses. It is a violation under GST to conduct business without first registering for GST, and hefty fines will be imposed.

Who should obtain the GST registration?

The following should be registered under GST:

1. Individuals who were previously registered under the pre-GST law (i.e., Excise, VAT, Service Tax etc.).

2. Businesses with a turnover of more than Rs.40 lakh, Rs.20 lakh, or Rs.10 lakh, depending on the scenario.

3. Non-Resident taxable person / Casual taxable person

4. Supplier's agents and input service distributors.

5. Those who are subject to the reverse charge mechanism.

6. Someone who sells through an e-commerce aggregator.

7. Every online marketplace aggregator.

8. Other than a registered taxable person, a person who provides online information and database access or retrieval services to a person in India from a location outside India.

GST registration

Documents Required for GST Registration

The following documents are required for registrations under GST.

1. The applicant's PAN.

2. Aadhaar number.

3. Certificate of incorporation or proof of business registration.

4. Promoters/Directors' identity and address proof with photographs

5. Proof of the company location's address.

6. Statement of bank account/Canceled check

7. Sign with a digital signature.

8. Authorized Signatory Letter of Authorization/Board Resolution

Penalty for failing to register for GST

An offender who does not pay tax or makes short payments (legitimate errors) faces a penalty of 10% of the tax owed, with a minimum of Rs.10,000.

When the offender has purposefully avoided paying taxes, the penalty will be 100 per cent of the tax amount owed.


Read More: Types of GST, UTGST, IGST


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Updated on:
March 10, 2023