Provisions related to registration in GST regime

 

 

 

Do you know that as per the GST laws, you are required to take registration on or before 30^thJuly, 2017. Don’t wait for the last date. Register now.

 

If you are carrying out any business and have an annual aggregate turnover in the preceding financial year exceeding Rs. 20 lakhs (Rs. 10 lakhs in Special Category States), you need to register in all States/Union Territories from where you are making taxable supplies. However, you need not register if you are engaged exclusively in the supply of exempted goods or services or both.The timelines for applying for registration are as follows:-

 

Registered		under	Migrated		Liable	for	Provisional Ids issued need to be
any  of  the  existing					registration		converted	to	GSTIN	by
law					in	GST	submitting necessary documents
					regime		in   3   months   (i.e.   by   22nd
							September 2017)
					Not	liable	Need to apply for cancellation in
					for		30 days (i.e. by 22nd July, 2017)
					registration
					in	GST
					regime
			Not-		Liable	for	Need  to  apply  for  registration
			Migrated		registration		within 30 days (i.e. by 22nd July,
					in	GST	2017)
					regime
Not	registered		Liable	for	Become		Need  to  apply  for  registration
under	any	of	registration		liable	from	within 30 days (i.e. by 30thJuly,
existing law			in	GST	01/07/2017		2017)
			regime
					Become		Need  to  apply  for  registration
					liable	after	within  30  days  from  becoming
					01/07/2017		liable for registration

 

 

Taking registration in GST is a very simple process, and the comfort of the taxpayer has been kept in mind while designing the procedure. You can take registration from the comfort of your home by filing an online application on the common portal https://www.gst.gov.in/.All you need is a valid PAN, email id and a mobile number. Once these 3 details are verified, you will be required to furnish other details relating to your business.There is no need to submit any physical documents (unless a query is raised and documents asked for) and all necessary documents can be scanned and uploaded. If there are no queries, you will receive your registration online within 3 working days from submission of online application.

 

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