Tag: GSTIN

Goods and Service Tax Identification Number

GSTIN

All the taxpayers who migrate and register under GST will receive a GSTIN — Goods and Service Tax Identification Number
  • Turnover 
every business providing goods and services with a turnover exceeding Rs 20 lakh is required to register as a normal taxpayer
Input Tax Credit
  • only a registered business can avail benefits like the seamless flow of Input Tax Credit (ITC) on their raw material purchases.
  • The GST registration process  will continue for the next 3 months (reopened from June 25/2017)

GSTIN

Procedure for obtain Goods and Service Tax Identification Number

1. Log on to that GST online portal https://www.gst.gov.in/

2. Go to ‘Register Now’ and fill in Part A of the application with your name, e-mail ID and mobile number

3. The portal will verify your details by sending an OTP to your mobile and email

4. Once the verification process is completed, you will receive the Application Reference Number (ARN) via mobile or email

5. Now you can fill Part B of the application using the ARN. The documents you will require in this step include:

  • Photographs
  • Constitution of taxpayer
  • Proof(s) of place of business
  • Bank account details
  • Authorization form

6. Fill in all the information and upload all the documents that are required in the application and submit the application using DSC or Aadhaar OTP

The GST officer will verify your application within 3 working days

The biggest indirect tax reform since the Indian Independence, the Goods and Services Tax (GST) was rolled out from July 1. It has subsumed 17 different levies and transformed India into a single market for seamless movement of goods and services.