“After a certificate of registration in FORM GST REG-06 has been made available on the common portal and a Goods and Services Tax Identification Number has been assigned, the registered person, except those who have been granted registration under rule 12 or, as the case may be rule 16, shall within a period of thirty days from the date of grant of registration, or before furnishing the details of outward supplies of goods or services or both under section 37 in FORM GSTR-1 or using invoice furnishing facility, whichever is earlier, furnish information with respect to details of bank account on the common portal.”

In this regard, the GST Department has issued an advisory requesting all taxpayers who have not yet furnished their bank account details on the GST portal, to furnish the same, in order to avoid disruption in their business activities as non-declaration of the same may lead to subsequent suspension and cancellation of the GSTIN.

For the same, the Government is planning to deploy a new functionality with the following features:

1. Failure to furnish the bank account in the stipulated time would result into following:

a) Taxpayer registration would get suspended after 30 days and intimation in FORM REG-31 will be issued to the Taxpayer

b) Taxpayer would be debarred from filing any further GSTR-1/IFF

2. Revocation of Suspension: If the taxpayer updates their bank account details in response to the intimation in FORM REG-31, the suspension will be automatically revoked.

3. Cancellation of Registration: If the bank account details are not updated even after 30 days of issuance of FORM REG-31, the registration after suspension may also be taken up for cancellation process by the Officer.

It is therefore advised that if your bank account details are yet to be updated on the GST portal, the same should be updated at the earliest to avoid suspension of the GST registration.

The post Furnishing of Bank Account details mandatory to avoid GST cancellation appeared first on GST Platform.

GST department in an official letter , said that all the registration application filed on or before 30.06.2020 which remained pending for processing as on 15.07.20 , is deemed approved.

All other pending applications will be approved till 31.07.2020 in a special drive.

Normal process of deemed approval of registration will be started from 01.08.20.

Read Also : GSTN Advisory on rejected revocation Application

Full details given below :

The post Approval of pending GST registration appeared first on GST Platform.

1. In case your application for revocation of cancellation of registration was rejected by the tax authorities before 12/6/2020 and you wish to avail benefit of RoD order 01/2020 dated 25.06.2020, as an interim measure, you can request the appellate authority or the higher authority to pass a simple offline order on it for restoration of the application.

2. Based on such order, your jurisdictional authority can restore the application for revocation of cancellation. You need to apply post login:- Registration- Restore Registration- Restore Revocation. You have to enter ARN of the order and would require to upload scanned copy of the order passed after clicking “Appeal in favour”.

3. GSTN is working on to remove present restriction on reapplication of the revocation of cancellation application. After that filing of revocation of application would become one step process. It is expected to be available shortly. The above suggested solution is an interim measure.

Read Also : Changes in GST

Read Also : Income Tax Return New Forms 

Read Also : ITR verification extension order

The post GSTN advisory for revocation application appeared first on GST Platform.

PHOTO OF PROPRIETOR

PAN CARD OF PROPRIETOR

 AADHAR CARD OF PROPRIETOR

BANK A/C OF THE FIRM – ANY OF THE THREE – CANCELED CHEQUE , FIRST PAGE OF PASSBOOK, BANK STATEMENT OF LAST MONTH.

ACTIVE MOBILE NO. OF PROPRIETOR

RENT AGREEMENT / CONSENT LETTER OF BUSINESS PLACE, IF THE PLACE OF BUSINESS IS RENTED OR NOT IN OWNERSHIP

ELECTRICITY BILL/ NAGAR NIGAM HOLDING TAX PAPER IN THE NAME OF LANDLORD , IF RENTED PREMISES.

OWNERSHIP DOCUMENTS IN THE NAME OF PROPRIETOR IF THE PREMISES IS OWNED – SALE DEED, TAX PAID RECEIPT

DSC (MANDATORY FOR COMPANIES/OPTIONAL FOR OTHERS)

NATURE OF WORK- WHETHER TRADING , WHOLESALE , RETAIL , MANUFACTURING , SERVICE PROVIDER ETC

LIST OF ITEMS OF BUSINESS- 5 MAJOR ITEMS OF SUPPLY OF GOODS OR SERVICES.

AUTHORIZATION LETTER OF SIGNING PERSON , IF DIFFERENT FROM THE PROPRIETOR , WITH PAN CARD,AADHAR CARD, COLOR PHOTOGRAPH, MOBILE NO.

ADDITIONAL PLACE OF BUSINESS, IF ANY.

NATURE OF SERVICE, IF ANY.

RESIDENCE PROOF OF PROPRIETOR

ALL DOCUMENTS MUST BE SIGNED BY THE OWNER OF SUCH DOCUMENTS

GST REGISTRATION DOCUMENTS REQUIRED FOR PARTNERSHIP FIRM

COLOR PASSPORT SIZE PHOTOGRAPH WITH NAME IN BACK OF ALL PARTNERS.

PAN CARD OF PARTNERSHIP FIRM.

PAN CARD WITH SIGNATURE OF ALL PARTNERS.

AADHAR CARD OF ALL PARTNERS WITH SIGNATURES.

 PARTNERSHIP DEED OF FIRM.FOR AMENDMENTS , RECONSTITUTION DEED OF FIRM IN CASE OF ADDITION OR RETIREMENT OF PARTNER.

ALL BANK A/C OF THE FIRM WITH LAST MONTHS DETAILS.

ACTIVE MOBILE NO OF ANY ONE OF THE PARTNER.

RENT AGREEMENT / CONSENT LETTER OF BUSINESS PLACE IN THE NAME OF PARTNERSHIP FIRM, IF THE PLACE OF BUSINESS IF RENTED.

ELECTRICITY BILL/ NAGAR NIGAM HOLDING TAX PAPER IF THE BUSINESS PLACE IS RENTED , THE DOCUMENTS SHOULD BE IN THE NAME OF LANDLORD.

IF THE PREMISES IS OWNED BY THE FIRM , OWNERSHIP DOCUMENTS SUCH AS SALE DEED , TAX PAID RECEIPT IN THE NAME OF FIRM.

DSC (OPTIONAL)

SPECIFY THE NATURE OF WORK – WHETHER TRADING , MANUFACTURING ETC

LIST OF ITEMS OF BUSINESS – 5 MAJOR GOODS OR SERVICES WHICH WILL BE SUPPLIED.

AUTHORIZATION LETTER OF SIGNING PERSON OR ANY ONE PARTNER WHO SHALL BE APPOINTED AS AUTHORIZED SIGNATORY WITH PAN CARD , AADHAR CARD , PHOTOGRAPH AND MOBILE NUMBER.

ADDITIONAL PLACE OF BUSINESS, IF ANY.

NATURE OF SERVICE, IF ANY.

RESIDENCE PROOF OF PARTNERS , IF AVAILABLE

ALL  PAPERS MUST BE SIGNED BY THE OWNER OF DOCUMENTS

GST REGISTRATION DOCUMENTS REQUIRED FOR COMPANY

COLOR PASSPORT SIZE PHOTOGRAPH  WITH NAME IN BACK OF EACH DIRECTOR .

PAN CARD WITH SIGNATURE OF COMPANY.

PAN CARD WITH SIGNATURE OF ALL DIRECTOR .

AADHAR CARD OF ALL DIRECTOR.

MEMORANDUM OF ASSOCIATION OF COMPANY.

ARTICLES OF ASSOCIATION OF COMPANY 

COPY OF PASSPORT, IF FOREIGN DIRECTOR

ALL BANK A/C OF THE COMPANY WITH THREE MONTHS DETAILS.

ACTIVE MOBILE NO. OF ANY PERSON AUTHORIZED TO DEAL WITH REGISTRATION PROCESS.

RENT AGREEMENT / CONSENT LETTER OF BUSINESS PLACE IN THE NAME OF COMPANY IF THE PREMISES IS RENTED.

ELECTRICITY BILL/ NAGAR NIGAM HOLDING TAX PAPER IN THE NAME OF LANDLORD IF PREMISES IS RENTED .

DSC MANDATORY OF ANY DIRECTOR TO BE APPOINTED AS AUTHORIZED SIGNATORY 

NATURE OF WORK – TRADING , WHOLESALE, RETAIL, SERVICE PROVIDER ETC

LIST OF ITEMS OF BUSINESS –   5 MAJOR ITEMS OF SUPPLY FOR GOODS AND SERVICES.

AUTHORIZATION LETTER OF SIGNING PERSON WITH PAN CARD , AADHAR CARD ,  COLOR  PHOTOGRAPH AND PHOTOCOPY WITH SIGN AND MOBILE NO.

ADDITIONAL PLACE OF BUSINESS, IF ANY.

NATURE OF SERVICE, IF ANY.

RESIDENCE PROOF 

ALL DOCUMENTS MUST BE SIGNED BY THE OWNER OF DOCUMENT

The post GST Registration Documents appeared first on GST Platform.

LIMIT FOR GST REGISTRATION 

Every supplier making taxable supply of goods or services or both shall get himself registered in the State from which supply is made. In general, the limit for taking GST registration is Rs Twenty Lacs and Rs Forty Lacs. For exclusive supplier of goods the registration limit is Rs Forty Lacs and for others the limit is Rs Twenty Lacs.

For Special Category states, including State of Jammu and Kashmir , Arunachal Pradesh , Assam, Himachal Pradesh , Meghalaya , Sikkim , Uttarakhand the turnover limit will be Ten Lacs instead of Twenty Lacs.

If a business has been transferred from one person to another due to succession or otherwise , then transferee shall get GST Registration

In case of Merger Transfer, Acquisition, Amalgamation etc the new entity shall get GST registration.

Read Also : How to Apply for GST Registration Online

EXEMPTION FROM GST REGISTRATION

Every person making supply of exclusively exempt supplies of goods / services or both shall not be liable to take registration in GST 

An agriculturist, is exempted from GST registration for the produce out of his cultivation.

MANDATORY GST REGISTRATION

Following persons shall take GST registration without any condition:

Engaged in Making Inter – State Supply

Casual Taxable Person making Taxable Supply as per the provisions of GST Act.

Person required to pay GST under Reverse Charge Mechanism

Person required to pay GST U/s 9(5)

Non-resident Taxable Persons making taxable supply

Person required to deduct TDS in GST u/s 51

Person making taxable supply on behalf of other taxable person

Input Service Distributor

Persons supplying goods through E commerce operator who is required to collect TCS U/s 52

Electronic commerce operator who is required to collect Tax Collection at Source

Person Supplying Online Information and Database Access Retrieval Services form a place Outside India to a Place In India Other than registered person.

MEANING OF TERMS

Agent means a person , factor ,broker etc by whatever name called who carries on the business on behalf of other person as per clause 5 of Section 2 of GST Act.

Agriculturist means Individual or Huf , who cultivates the Land on his own , with his Family or by servants on wages payable as defined under Clause 7 of Section 2 of GST Act.

Casual Taxable Person means a person carrying on business occasionally for supply of goods or services in a State where he has no fixed place of business as defined under Clause 20 of Section 2 of GST Act.

Exempt Supply means supply exempted U/s 11 of CGST Act or U/s 6 of IGST Act and includes Non Taxable Supply as defined under Clause 47 of Section 2 of GST Act.

Person includes Individual, Hindu Undivided Family , Company, Firm , Limited Liability Partnership, AOP or BOI, Corporation established under Central or State Act, Co-operative Society , Local Authority , Central Government or State Government , Trusts , Artificial Judicial Persons etc as per Clause 84 of GST Act

Reverse Charge Mechanism means the liability to pay tax by the recipient of goods or services as per the provisions of GST Act in  this regard.

Taxable Person means a person who is registered or liable to be registered as per the provisions of the GST Act.

The post WHO SHALL TAKE GST REGISTRATION ? appeared first on GST Platform.

Steps to Apply for GST Registration online in GST Portal.

GST Registration can be applied online in GST Portal  by Filing Form GST REG -16 which comprises of two Parts, PART-A and Part B

Steps to file Part – A to get Temporary Reference Number (TRN) which is active for 15 days from Generation.

Step-1    Visit the GST Portal www.gst.gov.in for registration.

Step-2    On the GST Portal, go to Services Tab and Select Registration    and Click on New Registration Link.

Step–3   A window will appear , Select New Registration option in the window.

Step-4    Fill the details required in the form: In First Column of the Part -A,  Select the category of Taxpayer whether you are –

                   Taxpayer – Regular,Composition,Casual Person

                  Tax Deductor (TDS) , 

                   Tax Collector (TCS) , 

                   GST Practitioner ,

                   Non Resident Taxable Person ,

                   United Nation Body,

                   Consulate or Embassy of Foreign Country  ,

                   Other Notified Persons,

                   Non Resident Online Service Provider.

In this article we will discuss about the steps for GST Registration in case of Taxpayer and other categories will be discussed in next post.

Step-5    Select the name of State and name of District in which GST Registration is required from the drop down Menu.

Step–6    Enter the Legal Name of Business (as mentioned in PAN). The legal name of business is different from the Trade name of business. Legal Name of Business must match with the profile details of the taxpayers in the income tax website.

Step-7    Enter the Permanent Account Number (PAN) belonging to the Legal Name of Business mentioned in Step 6.

Step-8    Enter the active email id and active Mobile Number which will be registered on the gst portal for verification purposes for GST Registration, GST Return filing, or any other work on GST Portal.

Step-9    Click on the Proceed Button and enter the One Time Password received.

Now the TRN is generated will is required to file Part B of Registration Application form.

Steps to File Part –B of GST registration application Form

Step-1    Visit GST Portal www.gst.gov.in and go to services Tab and Select New Registration            

Step-2    Now select Temporary Reference Number generated in Part A above to open the application form for filing..

Step-3    Click on the Pencil Button to open the GST Registration Form .

Step-4    In the Business Details Tab , Fill the details related to Business as per the required fields . Select the Central and State Jurisdiction depending on the address of place of business for which registration is required.

To find the Central and State Jurisdiction for GST Registration Click This Link .

Step-5    If the GST registration is applied for Composition Taxpayers U/s 10 of CGST Act or as a Casual Taxable Person then select the options. For regular taxpayers nothing needs to be done.

Step-6    Now Reason for Obtaining GST registration along with date of liability and commencement date of business is required to be filed. Reason has to be selected depending on the facts that whether the person is liable to take registration or voluntary registration is required etc.

Step-7    If any existing GST Registration is already there then details must be provided in the next Tab of Existing Registration,

Step-8    In the Promoter/Partner Tab,  Details of the Proprietor in case of Proprietorship firm , All the Partners in case of Partnership Firm , All the Directors in Case of Company must be provided as per the details mentioned in PAN as per Income Tax Website and Aadhar as per UIDAI and Photo of each of the promoter , partner , director etc.

Step-9    In case any third person is appointed as the Authorized Signatory then details of such person along with Authorization form and his photo must be uploaded and selected as PRIMARY AUTHORISED signatory.

Step-10 If GST Practitioner is also appointed then details needs to be filed in the Authorized Representative Tab with his GSTP Number.

Step-11 The address from where the business will be carried on will be the registered place of business for which the details needs to be entered in Place of Business Tab and Ownership documents has to be uploaded such as

                                          Electricity Bill,

                                          Rent Agreement ,

                                          Sale Deed etc.

Step-12  If any additional place of business is required to be registered then address of such premises must be given by activating Additional Place Tab .

Step-13  Select the applicable nature of work to be done by the business for which GST registration is required : 

                                         Whether Trading ,

                                         Manufacturing ,

                                         Factory,

                                         Service Providers etc

Step-14  Provide Major Goods and Services details to be done by the business . It is not mandatory to give all the details in the GST registration form

Step-15  In the Last Step Select Authorised Signatory and submit the form with EVC , DSC and Application Reference Number will be generated after the validations of personal details is successfully done by the portal.

For GST REGISTRATION CONTACT US BELOW

Read Also : Changes In NEFT Timings from 16.12.2019

Read Also : GSTR3B Filing Due Date

Read Also : GST Registration New Limit

The post GST REGISTRATION ONLINE PROCESS IN GST PORTAL appeared first on GST Platform.

GST EXEMPTION LIMIT FROM 01.04.2019 INCREASED TO RS 40.00 LACS

CBIC in its Notification no 10/2019 issued on 07.03.2019 , said that Any person who is engaged in the exclusive supply of goods and whose aggregate turnover as per GST LAW does not exceeds Rs Forty Lacs , as the category of persons exempt from registering under GST .This Change in GST registration limit will provide big relief to small taxpayers
 Read Also : GST REGISTRATION PROCESS Persons on which the above exemption will not be applicable are as follows : a) Person who is required to take compulsory registration under GST as per Section 24 of the GST Act. b) Person engaged in the supply of specified goods namely ; Ice Cream and other edible ice whether or not containing Cocoa, Pan Masala, All goods of Tobacco and tobacco substitutes. c) persons engaged in making intra-State supplies in the States of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Puducherry, Sikkim, Telangana, Tripura, Uttarakhand d) Person who wants to take voluntary registration under the Act as per Section 25(3) of GST Act or such persons who intends to continue registration after 01.04.2019. GST registration limit of Rs 40 Lacs will not apply to those persons who are engaged in supplying goods or services or both.It will be applied only if the person is engaged exclusively in supply of goods Refer Official Notification Here : Notification No 10/2019 dated 07.03.2019

The post MAJOR CHANGES IN GST REGISTRATION LIMIT FROM 01.04.2019 appeared first on GST Platform.