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Published on:
February 20, 2023
By
Prudhvi Raj

Guideline for Verification of Application for Grant of New GST Registration Application

As a small and medium business owner or a startup founder in India, it is important to have a GST registration in order to conduct your business legally. The process of applying for a new GST registration can seem daunting, but following the guidelines for verification of your application can help make the process smoother and more efficient. In this article, we will discuss in detail the guidelines for verification of application for grant of new GST registration.

Background

GST, or Goods and Services Tax, was introduced in India on July 1, 2017. GST replaced multiple indirect taxes such as excise duty, service tax, and VAT, and created a uniform tax system across India. Businesses with an annual turnover of Rs. 20 lakhs or more (Rs. 10 lakhs in special category states) are required to register for GST. The registration process is done online through the GST portal.

Guidelines for Verification of Application for Grant of New GST Registration

When you apply for a new GST registration, your application is subject to verification by the GST authorities. The verification process is done to ensure that the information provided by the applicant is correct and accurate. Here are the guidelines for the verification of application for grant of new GST registration:

1. Verification of PAN and Aadhaar

The first step in the verification process is the verification of the applicant's PAN and Aadhaar. The applicant must provide their PAN and Aadhaar details, and these details will be verified with the details available in the Income Tax Department database and UIDAI database respectively. If there is any discrepancy in the details provided by the applicant and the details available in the databases, the application may be rejected.

2. Verification of Business Premises

The next step is the verification of the business premises. The GST authorities will visit the premises mentioned in the application to verify the address and the ownership/tenancy of the premises. The applicant must provide proof of ownership/tenancy, such as rent agreement, lease agreement, etc. If the GST authorities are not satisfied with the proof provided, the application may be rejected.

3. Verification of Bank Account

The applicant must provide details of their bank account, including the account number and IFSC code. The GST authorities will verify these details with the details available in the bank's database. If there is any discrepancy in the details provided by the applicant and the details available in the bank's database, the application may be rejected.

4. Verification of Directors/Partners/Proprietor

The GST authorities will also verify the details of the directors/partners/proprietor of the business. The applicant must provide the PAN and Aadhaar details of the directors/partners/proprietor, and these details will be verified with the details available in the Income Tax Department database and UIDAI database respectively. If there is any discrepancy in the details provided by the applicant and the details available in the databases, the application may be rejected.

5. Verification of Business Activities

The GST authorities will also verify the business activities mentioned in the application. The applicant must provide details of the goods/services provided by the business, and these details will be verified with the details available in the Central Board of Indirect Taxes and Customs (CBIC) database. If there is any discrepancy in the details provided by the applicant and the details available in the CBIC database, the application may be rejected.

6. Verification of Other Registrations

The GST authorities will also verify if the business has any other registrations such as Service Tax, VAT, Central Excise, etc. The applicant must provide the details of these registrations, and these details will be verified with the details available in the respective databases. If there is any discrepancy in the details provided by the applicant and the details available in the databases, the application may be rejected.

Conclusion

Applying for a new GST registration can be a complex process, but following the guidelines for verification of application for grant of new GST registration can help make the process smoother and more efficient. The verification process is done to ensure that the information provided by the applicant is correct and accurate, and any discrepancy in the information can result in the rejection of the application. As a small and medium business owner or a startup founder in India, it is important to have a GST registration in order to conduct your business legally. By following the guidelines for verification of application for grant of new GST registration, you can ensure that your application is processed smoothly and you can start conducting your business legally.

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Updated on:
March 16, 2024