GST Registration for New Businesses

Prerequisites for GST Registration

Before diving into the GST registration process, it's crucial to gather the necessary documents and meet the prerequisites. Here’s what you’ll need:

• PAN Card of the Business: The primary identifier for GST registration.
• Proof of Business Registration: Depending on your business structure, this could be your incorporation certificate, partnership deed, or registration certificate.
• Identity and Address Proof of Promoters/Directors: Includes PAN, passport, driving license, or Aadhaar card.
• Bank Account Details: A statement or a cancelled cheque.
• Digital Signature: Required for the online filing of the application by the authorized signatory.

The GST Registration Process

The process of obtaining your GST number is entirely online, facilitated by the GST portal. Here’s a simplified step-by-step guide:

1. Visit the GST Portal: Start by navigating to the official GST portal.
2. Fill in the Application: Under the ‘Services’ tab, select ‘Registration’ > ‘New Registration’ and fill in the Part-A form with basic details.
3. Generate a Temporary Reference Number (TRN): Upon submission, you will receive a TRN.
4. Complete the Part-B Form: Using the TRN, complete the Part-B form by providing business and promoter details, and uploading the necessary documents.
5. Verification and ARN Generation: Submit the application for verification. Once verified, an Application Reference Number (ARN) is generated.
6. GSTIN Issuance: Upon successful verification, the GSTIN will be issued along with a certificate of registration.

Documentation Required for GST Registration

The documentation process is crucial and requires careful attention. You will need:

• Photographs of promoters/directors.
• Proof of business address (rent agreement or electricity bill).
• Bank account details.
• Authorization form for the authorized signatory.
• Constitution of the taxpayer (incorporation certificate, partnership deed, etc.).

After Obtaining Your GST Number

Receiving your GSTIN is just the beginning. Post-registration, you must:

• File GST returns as per the prescribed timelines.
• Issue GST-compliant invoices for all transactions.
• Keep your business details updated on the GST portal.