Podcast
Questions and Answers
What are the two categories that require a person to register for GST?
What are the two categories that require a person to register for GST?
Supplying goods or services in interstate trade or commerce OR having aggregate turnover exceeding Rs 20 lakh
What credentials do registered applicants receive after successful GST registration?
What credentials do registered applicants receive after successful GST registration?
Permanent login credentials
How can applicants submit the required details for GST registration?
How can applicants submit the required details for GST registration?
Electronically through the common portal or physically at designated offices
Is separate registration required for engaging in multiple businesses, occupations, or professions?
Is separate registration required for engaging in multiple businesses, occupations, or professions?
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How long does the GST registration process typically take?
How long does the GST registration process typically take?
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What may be required if a person engages in various types of activities?
What may be required if a person engages in various types of activities?
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Study Notes
GST Registration Process
The Goods and Services Tax (GST) registration process involves several steps that businesses need to follow to become eligible for collecting GST. Initially, a person needs to register if they fall within any one of the following categories:
- They supply goods or services or both in the course of interstate trade or commerce.
- They supply goods or services or both, other than those specified in (a) above, having aggregate turnover exceeding Rs 20 lakh in the preceding financial year or Rs 10 lakh during the current calendar year.
To become registered, applicants must submit the required details in Form REG-01 electronically through the common portal or physically via the facility available at designated offices. Once registered, applicants receive permanent login credentials enabling them to file returns online and access other functions like filing claims for refunds.
It is important to note that an individual does not require separate registrations if they engage in multiple businesses, occupations, or professions. However, if the person engages in various types of activities, he may require additional registrations. After submitting all necessary documentation, the registration process typically takes up to 15 days but can sometimes extend longer due to verification procedures.
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Description
Learn about the Goods and Services Tax (GST) registration process, including eligibility criteria, required documents, and timeline for registration. Find out the steps involved in applying for GST registration and the significance of having permanent login credentials for online functions and claims.
