GST is one of the major steps taken by the government to streamline the taxation system of India into one nation one tax. GST abolished or subsumed multiple taxes into a single taxation system. Under this system, all the entities involved in buying/ selling of goods or rendering of services above specified threshold or satisfying stipulated conditions are required to obtain registration for Goods and Services Tax.
As per the GST council, entities having annual turnover of more than Rs. 40 Lakhs are required compulsorily to register under GST. But entities in special category states have to register under GST when their turnover exceeds Rs. 20 Lakhs. The composition scheme can be availed by the business having a turnover of Rs.1.5 Crores.
A GST Registration Certificate, often referred to as a GSTIN Certificate, is an official document issued by the tax authorities in a country that signifies the registration of a business entity for the Goods and Services Tax (GST) or Value Added Tax (VAT) system. GST is a consumption-based tax system applied to the supply of goods and services, and it is used by many countries around the world.
The GST Registration Certificate contains essential information about the registered business, including:
The GST Registration Certificate is a crucial document for a registered business as it serves as proof of their legal compliance with tax laws. It is often required for various business transactions, such as opening a bank account, obtaining certain licenses, and participating in government tenders.
Businesses are typically required to display their GSTIN on their invoices, websites, and other official documents to ensure transparency and facilitate seamless tax compliance. The certificate should also be kept in a safe and accessible place as it may be required for tax audits and other regulatory purposes.
The application for registration has to be made within 30 days from the date the person becomes liable to register or his turnover exceeds the specified limit under Goods and Services Tax. The GST registration will be effective from the date on which such entity became liable to be registered under GST.
GST certificate issued to a normal user does not have an expiry date, and therefore it’ll continue to exist until it is surrendered or cancelled by Goods and Services Tax Authority.
But in the case of Casual Taxable person or Non-Resident taxable person, validity is specified to a maximum of 90 days. After such period, validity can be extended or renewed at the option of the entity.
Once the registration is done for the GST, one can download its GST certificate from the Goods and Service Tax India Portal by following the below-mentioned steps:
All entities registered under the purview of GST have to display the GST Registration Certificate at the main location of the business. Along with that entity is required to display such certificate at all additional places of business like office, shop, etc.The GST certificate can also be displayed at the entrance or around the billing section. Noncompliance of these disclosures may lead to the levy of penalties on the default making entity.
Once the download is complete you can know the following details of the business from the GST registration certificate
You can also check the GST registration certificate form on http://www.cbic.gov.in/resources//htdocs-cbec/deptt_offcr/aeo-progm/GST.pdf;jsessionid=21EA4F52487D27920A6578436A59F40A
In case you have not registered yet under Goods and Services Tax and willing to know the step by step process on how to register under Goods and Services Tax, the registration process of GST is as follows
The above process is all about getting a new certificate and downloading it from GST portal. But what if certain information filed earlier is
There are various steps involved in changing such wrong information provided earlier.
Before going into these procedures and steps let’s first discuss what changes can be made.
a) Change in the name of the business, which does not involve a change in PAN,
b) Change in the Principal place of Business,
c) The change in the ‘Annexure A’ related to the Additional Place of Business.
d) Change in the ‘Annexure B’ related to the Person in charge of the business, e.g., addition, the retirement of partners or directors, Managing Director, etc.
e) Change in authorized Mobile number or E-mail address, which can be done through the portal by simple OTP verification.
To change the details as mentioned in the above points, the entity has to follow the below mentioned steps:
A GST Registration Certificate is an official document issued by the tax authorities that signifies a business entity's registration for the Goods and Services Tax (GST) or Value Added Tax (VAT) system.
Any business or individual involved in the supply of goods or services and meeting the prescribed turnover thresholds must obtain GST registration as per the tax laws of their respective country.
The process for applying for a GST Registration Certificate varies by jurisdiction. Generally, you need to submit an online application through the official tax department portal and provide required documents and information.
A GST Registration Certificate typically includes the GSTIN (GST Identification Number), legal and trade names of the business, address of the principal place of business, nature of business, date of registration, validity period, category of registration, details of authorized signatory, and jurisdictional information.
No, the requirement for GST Registration depends on the turnover threshold and specific criteria defined by the tax authorities in your country. Small businesses may be exempt from registration.
The processing time for a GST Registration Certificate varies by jurisdiction. It can take anywhere from a few days to several weeks, depending on the local tax authority's procedures.
Operating without a mandatory GST Registration Certificate can result in penalties and legal consequences, including the inability to claim input tax credits.
Yes, you can typically update certain information on your GST Registration Certificate, such as the authorized
