GSTIN

Overview of GSTIN

Until GST was introduced, the respective state tax authorities issued a unique TIN number to all suppliers listed under the formal VAT statute. Likewise, the Central Board of Indirect taxes and Custom (CBIC) issued a company tax identification number to service providers.

Under the GST system, all enrolled taxpayers are integrated into a common forum for enforcement and administration purposes, and registration is issued under a single authority.

A unique Goods and Services Tax Identification Number (GSTIN) is allocated to all these businesses. GSTIN is a 15-digit unique registration number for all GST-registered individuals/entities.

The 15 digits represent various things like the respective state code, the applicant’s PAN details, etc.

Benefits of GST Registration

There are numerous advantages to Goods and Service Tax that could support India's economic growth. Look over the advantages below when you register your business:

• The GST Registration Process reduced the cascading effect of indirect taxes.
• It aids in the prevention of tax evasion.
• GST has significantly reduced India's logistics costs.
• Because GST is levied at the point of final consumption, it aids in eliminating economic distortions and expanding a single national market.
• GST reduces businesses' hidden costs.
• It helps to regulate specific unregulated and unorganised industries in India
• It helps to increase the Make in India initiative
• Corruption-free tax administration is possible with GST
• The composition scheme helps smaller businesses since the GST calculated is based on a fixed turnover.

Steps Involved in GST Registration

With Vakilsearch, you can do your GST registration online with a few simple steps. Our dedicated GST representatives will be in constant touch with you right from the word go and will help you obtain the GST individual registration in a smooth and hassle-free manner.

• Step 1: Our representative will collect from you all the documents required for GST application (refer to the next section to know more about the documents required)
• Step 2: Then, we will prepare your draft application. The completed draft will be visible to you for any correction you desire
• Step 3: We will apply on your behalf. After the application is submitted, an Application Reference Number (ARN) will be generated, confirming successful submission. It will be shared with you on your registered mobile number and email ID. With this ARN, you can check the status of your GST registration applications on the Vakilsearch online portal.
• Step 4: Post the submission, and we will be doing the necessary coordination with the authority to expedite your application. We would also resolve related queries, if any, from the GST department- while you need just to relax and sit back!
• Step 5: You will receive your permanent GST number within 7 working days of applying for GST registration, subject to successful document verification by the authorities. This number (called the GSTIN or GST Identification Number) will appear henceforth on all the invoices submitted or received by you.

We will send your GST certificate to you on your email ID. This certificate will have your 15 digit GSTIN.

Documents Required for the GST Registration Process

Depending on the different types of business, different sets of documents are required during the GST registration process.

Sole Proprietorship and Individuals:

• PAN card of the owner or the individual
• Photograph proof (multiple copies) of the owner
• Proof of business address
• Bank account information
• Aadhaar card of the owner or the individual

LLPs and Partnership:

• Proof of partners addresses.
• Bank account information
• Partners’ PAN card details
• Partnership agreement document
• Proof of identity - Passport size of photographs of partners
• LLP registration evidence
• Company’s main address evidence
• Proof of the signatories' appointment
• Aadhaar card copy and information of the authorised signatory

Hindu Undivided Families

• Bank account information
• Owner’s passport size photograph(multiple copies)
• Company’s address proof
• PAN card details of the family patriarch
• PAN card details of HUF

Companies

• Business’s PAN card details
• All business executives' PAN card details
• Proof of the principle location address of the company
• Bank account details of the company
• Evidence of appointment of the signatory
• Signatory’s PAN card details
• Signatory’s aadhaar card details
• AoA and MoA
• An incorporation certificate produced by the Ministry of Corporate Affairs
• Address proof of all managers.

Why Vakilsearch?

Our team of highly qualified legal experts will guide you in the GST registration process. Every year many individuals do GST registration with Vakilsearch. You will get the GSTIN number in a matter of a few simple steps. With us, you won’t have to worry about the registration process since you can keep track of the status at every stage. We will be completely transparent throughout the process. If you have any doubts, our customer support team will resolve your queries.