How to Register for GST Online? A Complete Guide to the GST Registration Process

Posted on Monday, October 14th, 2024 | By IndusInd Bank

GST registration is a mandatory process for any business dealing with goods and services earning a specific annual turnover. The threshold limits for the GST registration process are based on the type of supply (goods and services) and the state in which the business operates. Here’s a detailed look at the threshold limits:

For suppliers engaged exclusively in the supply of goods:

·       In the states of Mizoram, Tripura, Nagaland and Manipur, the threshold limit is ₹10 lakh.

·       In Uttarakhand, Arunachal Pradesh, Sikkim, Meghalaya, Telangana, and Puducherry, the threshold limit is ₹20 lakh.

·       For other states, the threshold limit is ₹40 lakh.

For suppliers engaged in the supply of services or both goods and services –

·       In the states of Mizoram, Manipur, Tripura and Nagaland, the threshold limit is ₹10 lakh.

·       For other states, the threshold limit is ₹20 lakh.

These threshold limits are designed to cater to the diverse economic conditions across distinct states. Understanding these limits is the initial step towards ensuring that your business complies with GST regulations. Once you are aware of the GST regulations, the next step is understanding the GST registration process.  

The GST registration process is online and must be carried out on the government website, gst.gov.in. To avoid any confusion regarding the process and to ensure an error-free registration, continue reading the below step-by-step guide.

Steps to Fill Out Part “A” of the GST Registration Application

Step No. 1 – Access the GST Portal

·       Visit the GST portal

·       Click on Services

·       Choose the Registration tab

·       Click on New Registration

Step No. 2 – Input Part A Details

·       Click on the New Registration button

·       In the drop-down under I am a, choose Taxpayer

·       Select the state and district

·       Input the business name and PAN

·       Provide the email ID and mobile number

·       You will receive OTPs on the registered email and mobile number or PAN-linked contact details

·       Click on Proceed

Step No. 3 – Validate OTP

·       Enter the OTPs received

·       Click on Continue

Step No. 4 – Receive Temporary Reference Number (TRN)

·       You will get a 15-digit TRN, sent to your email and mobile or PAN-linked contact details. Note this down

You will be required to complete the Part-B details within the next 15 days.  

Step No. 5 – Continue Registration

·       Go back to the GST portal

·       Choose New Registration

·       Select TRN

·       Input the TRN and captcha code and proceed

Step No. 6 – Validate OTP

·       Input the OTP received on the registered contact details

·       Click on Proceed

Step No. 7 – Edit Application

·       The application status will be shown as draft

·       Click on the Edit Icon

Steps to Fill Part “B” of GST Registration Application

Step No. 8 – Business Details

·       Input trade name, business constitution, and district

·       Opt-in or out of the composition scheme

·       Input the business commencement date and date from which liability arises

·       Choose Yes/No for registration type and generate the challan if applicable

·       Choose the reason to obtain registration and upload the required documents

Step No. 9 – Promoters/Partners Details

·       Input details of up to ten promoters/partners

·       Provide identity and personal details, residential address and upload a photo

Step No. 10 – Authorised Signatory Details

·       Input details of authorised signatory similar to the details entered for promoters/partners

Step No. 11 – Principal Place of Business

·       Input the primary location address and contact number

·       Upload supporting documents

Step No. 12 – Goods and Services

·       Submit details of goods and services with HSN code or SAC

Step No. 13 – Bank Information

·       Input bank details of up to 10 bank accounts (optional during registration)

·       Upload supporting documents

Step No. 14 – State Specific Details

·       Enter professional tax employee code, PT registration certificate number and State Excise License number

Step No. 15 – Aadhaar Verification

·       Choose whether to opt for Aadhaar authentication

Step No. 16 – Verification

·       Submit the application using DSC, EVC or e-Sign

·       A message will confirm the successful application

Why Opening a Current Account is Important for GST Online Application

A current account is essential for managing business transactions efficiently. It assists in maintaining a clear record of business finances, which is crucial for GST compliance. Additionally, it simplifies the digital transaction processes, essential for GST payments and refunds.

One of the current accounts you can consider opting for is the Indus Max Current Account by IndusInd Bank. This account offers a host of value-for-money and practical features to help you grow your small business. Here are its advantages:

Also Read: What Is a Current Account and How to Open It in a Bank?

Ending Note

Registering for GST online is a simple process if you follow the step-by-step procedure accurately. Note the GST registration requirements before proceeding – a valid PAN, business registration proof, identity and address proof of promoters and a current account.

You may consider opening the Indus Max Current Account by IndusInd Bank. This account can considerably ease your GST registration process by offering flexible solutions designed for small business needs. So, do not wait, open a current account today to streamline your business management process. Apply now!

Disclaimer: The information provided in this article is generic and for informational purposes only. It is not a substitute for specific advice in your circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for making any financial decisions based on the contents and information.