GST Registration of New Taxpayers/ New Assessees at GST Portal has started from 25 June 2017
So far at GST Portal (www.gst.gov.in), the process of GST Enrollment (i.e. migration process), has been carried out in respect of existing Taxpayers, i.e. those who are registered with any State VAT, Excise or Services Tax. However, from 25 June 2017, the GST Portal has opened up window for New GST Registrations, i.e. cases which are seeking registration for the first time to deal in supply of goods and/ or services under the GST Regime beginning from 1 July 2017.
Person(s) carrying on any business with annual aggregate turnover (in the preceding financial year) of above Rs. 20 lakhs (Rs. 10 lakhs in Special Category States), are required to register for GST in all States/ Union Territories from where they are making taxable supplies. However, those engaged exclusively in the supply of exempted goods/ services are not required to register. It may be noted that as per the GST laws, GST registration (where applicable) is required on or before 30 July, 2017, i.e. the timeline for new cases where GST Registration is required as on 1 July 2017 under the GST Laws. In all other/ subsequent cases where GST Registration becomes appliable, the person concerned has to apply for GST registration within 30 days from the date of becoming liable for registration.
Further, CBEC has advised the existing taxpayers (registered with Excise/ Service Tax) those who have not migrated to GST for any reason till now, to apply for new registration under GST and obtain their GSTIN at the earliest.
Obtaining GST registration is quite process, and the process has been designed by the GSTN to ensure comfort of the taxpayer. GST Registration can be obtained by filing an online application on the common portal www.gst.gov.in.
To start with, one needs 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/ organisation. There is no need to submit any physical documents (unless a query is raised and certain specified documents are 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.
If you are liable to take registration but don’t get registered, you or your registered buyer won’t be able to enjoy the benefit of input tax credit. Besides, not obtaining GST registration, if so required, would also attract penalty.