Some Important Facts to Know about GST Registration



No Claims for Collection of ITC or Ta
 
An individual without GST registration cannot claim ITC and collect tax in India.

Eligibility

Who are the persons liable to take a Registration under the Model GST Law?
A supplier operating a business at anywhere in India with aggregate turnover exceeding threshold limit as prescribed above in a year is liable to get his business registered. On the other hand, some categories of persons declared in Schedule III of MGL are accountable to be registered regardless of this threshold. In India, an agriculturist is not be considered as a taxable person. Hence, he/she shall not be liable to take registration.

Digital Signature
Taxpayers are given an option to sign the submitted application using valid digital signatures. Alternative mechanisms shall be provided under the GST Rules on Registration for those who do not have digital signature.

The Refusal

When registration is refused, the applicant gets information about it via a speaking order. The applicant holds all rights to appeal against the decision of the Authority. As per the regulations set under sub-section (10) of section 19 of MGL, an application rejection by one authority (i.e. under the CGST Act / SGST Act) shall be deemed to be a rejection of an application for registration by the other tax authority (i.e. under the SGST Act / CGST Act).

Verbal Information on Disposal of GST Application

Authorities will inform the applicant about the grant or rejection of their registration application. The information may be give through an e-mail and SMS by the GST common portal.

Online Certificate

Once the registration is granted, you can easily download the registration certificate online from the GSTN portal.

GST Registration - Is Your Business Ready?

In case, you are already running your business in India, it’s crucial for you to become GST compliant. It is legal and comes with many benefits. Reaching out to professionals can simplify GST registration process for you. These authorized agencies use efficient accounting software to create GST compliant invoices, record expenses, track inventory and prepare GST-ready tax returns.

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