What to mention in indicate existing registration in GST?

i) In the Reason to obtain registration drop-down list, select the reason of liability to obtain registration for your business. j) In the Indicate Existing Registrations section, select the existing registration type, Registration No. and Date of Registration.

What is registration under GST who are the persons who have to compulsorily register under GST law explain?

Every person who supplies taxable goods and the aggregate turnover exceeds Rs. 40 lakhs in a financial year then shall be liable to register under the GST Act.

What should be filled in reason to get registration in GST?

Supplier engaged in providing a taxable supply of services is required to obtain GST registration in case the aggregate turnover exceeds 20 Lakhs in a financial year. Persons who are registered under the erstwhile law, on the day immediately preceding the appointment date, is liable to obtain GST registration.

Can GST registration be done without company registration?

However, it’s not mandatory to register a company to get a GSTIN number. You can get your GSTIN as a sole proprietor or as a partnership business as well. Whatever be the type of the business, you need to provide the details of it, before proceeding with how to apply for the GSTIN number.

How do I fill my GST registration?

Step-by-step Guide explaining GST Registration Process Online

1. Step 1: Go to the GST Portal.
2. Step 2: Generate a TRN by Completing OTP Validation.
3. Step 3: OTP Verification & TRN Generation.
4. Step 4: TRN Generated.
5. Step 5: Log in with TRN.
6. Step 6: Submit Business Information.
7. Step 7: Submit Promoter Information.

What is director identification number in GST?

What is meant by DIN? DIN stands for Document Identification Number. It is a 20-digit unique number generated digitally in an alphanumeric code.

Who is responsible for registration under GST?

Who should register for GST? All the businesses supplying goods whose turnover exceeds INR 40 lakh in a financial year are required to register as a normal taxable person. However, the threshold limit is INR 10 lakh if you have a business in the north-eastern states, J&K, Himachal Pradesh, and Uttarakhand.

Which of the following persons are not required to compulsorily register under GST?

As per the said section the following are the persons not liable for registration under GST: Person engaged exclusively in supplying goods or services or both not liable to tax. Person engaged exclusively in supplying goods or services or both exempt from tax.

Who are compulsory for GST registration?

In the GST Regime, businesses whose turnover exceeds Rs. 40 lakhs* (Rs 10 lakhs for NE and hill states) is required to register as a normal taxable person. This process of registration is called GST registration. For certain businesses, registration under GST is mandatory.

Which of the following persons need not obtain registration under GST on mandatory basis?

Exemption from Registration The following persons are not required to take GST Registration: A person supplying only exempt goods or services, would not be required to obtain registration even if his aggregate turnover during the year exceeds Rs. 10/20 lakhs.

Why do we need to register under GST?

So, the requirement for registration arises from the provisions of section 22 of the act, which says if any taxable supplies of goods or services is made from a state then registration is required in that state only. Why GST registration is required?

What are the different types of GST registration?

Types of GST Registration depends on the nature of the business. Under certain situations, the dealer must take Compulsory Registration under GST irrespective of the turnover. For eg: inter-state sales of taxable goods, e-commerce operator, e-commerce seller, etc

Why do I need a gstin number?

The taxpayer requires GSTIN to collect and pay GST on the outward supplies i.e. sales and claim GST input tax credit on the inward supplies i.e. purchases. Types of GST Registration depends on the nature of the business. Under certain situations, the dealer must take Compulsory Registration under GST irrespective of the turnover.

How to indicate existing registration under previous acts?

Under the head ‘indicate existing registrations wherever applicable’ list is given where the applicant can fill the necessary details if there is any existing registrations as specified in the list. In case there are no existing registrations under any of the previous acts then no need to fill and needs to be kept blank.

https://www.youtube.com/watch?v=uVNB2-qO7YU