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What is the advantage of registering under GST

Pankaj Tyagi
Vishesh Jangir | Date:-2021-10-07

The Government of India introduced the Goods and Service Tax (GST) in India on 1st July 2017 to replace many indirect taxes like the VAT, Service tax, etc.  GST (Goods and Service Tax) in India is issued on the supply of services as well as goods. GST is regarded as the single most domestic indirect tax law for the whole country. In the year 2017, the GST Bill was passed in the Rajya Sabha and in the Lok Sabha and on 1st July 2017, the Goods and Service Tax (GST) in India came into force.

GST (Goods and Service Tax) in India is regarded as one of the largest taxations that have taken place in India and also passed by the Indian Government. India has adopted two GST which means GST will be administrated both by the State Government as well as by the Central Government.

According to the rules and regulations made in GST, it is compulsory for a business to register as a normal taxable entity that has an annual income of more than Rs. 40 lakh and it is regarded as the GST registration process. Moreover, within 6 working days, the GST registration must be completed. Besides, if a business has an annual income of Rs. 10 lakhs have also to be registered as a normal taxable entity that is present in hill states and North Eastern states.

Methods one can register themselves under GST in India:

One should use their PAN, email ID, and mobile number to fill out GST REG-01 and must submit the same.

Verification of mobile number and email ID with a one-time password after PAN verification is a must.

Must save the application reference number (ARN) sent to one’s mobile number and email ID after the verification gets complete.

Should put in one’s ARN number and attach supporting documents where it is required.

In case if additional information is required one must fill out the automatically generated GST REG-03 form.

A registration certificate will be issued within 3 working days after the verification of all information submitted.  

Various types of documents are needed for the registration of GST in India:

  • Incorporation’s certificate;
  • Business address proof;
  • Copy of Resolution passed by BOD/ Managing Committee & Acceptance letter;
  • Photo of the Stakeholder;
  • Bank account details proof.


Different types of GST Registration in India:

  • Composition Taxpayer.
  • Non-Resident Taxable Person.
  • Casual Taxable Person and
  • Normal Taxpayer.

Finally, each and every business with an annual income of more than Rs. 20 lakhs must register under the GST. Besides, if one supplies goods in more than one state must have to register under GST. Moreover, no fees are required for the GST Registration as well.