Categories: Others

Why do I need a GST Registered ?

Why do I need a GST Registered ?

GST registration not only allows you to identify your company as a legal registrant, but it also opens up a range of opportunities for your business. Benefits to GST Registered Business at a glance are as follows:-

  • Apply Government Tenders: Different Govt tenders require the GST registration certificate holder to participate in tenders. If you don’t have a business opportunity, you might miss it.
  • Open Current Bank Account: In particular, in the case of a sole owner, Financial Institution and Banks do not open a current bank account in the name of a business name unless you have some government proof in the name of your business. The GST Registration Certificate will help you open your current bank account.
  • Dealing with Multinational Corporations: Typically, Multinational corporations are not comfortable interacting with local small business organisations until they have valid proof of commercial tax registration.
  • Get more competitive: you will become more competitive than your non-registered competitors because you will have valid tax registration.
  • Develop Your Business Online: You cannot sell goods or services on an e-commerce site without registration for GST. If you’re planning to blow up e-commerce sites like Paytm, Amazon Flipkart, or your own website, you need to have a GST registration certificate.
  • Will take input tax credit: Only GST Registered certificate holders can make use of the GST tax paid on their sales & save costs.
  • Can even be sold in India without any prohibitions: without the GST registration certificate, you cannot trade between states. That’s only feasible if you have registered your enterprise with GST.

GST Registration Process for Service Providers who are required to obtain the same

The procedure is quite simple and hassle-free. The steps are given as under :

  1. Log into your service tax account and a provisional ID and password will be given to you to register for GST.
  2. You will be given two choices on the GST portal and you have to select the “New User Login”
  3. Then You have to log in with the ID and password given
  4. You will be directed to a page where you have to fill in your email id and mobile number.
  5. OTPs will be sent to your number and email. Using these you can create your username and password accordingly.
  6. You will also be required to set the security questions.
  7. Finally, Your GST registration enrolment will be complete. and you will get acknowledgment No of GST registration,

GST- Forms for GST Registration, Amendment & Cancellation

Name of GST Form Download Form in PDF Format Description of Form
Form 1 for GST Registration GST REG- 01 Application of Registration u/s 19(1) GST Act, 2017
Form 2 for GST Registration GST REG- 02 Acknowledgement for GST Registration
Form 3 for GST Registration GST REG- 03 Notice for Seeking Additional information/ Clarification/documents relating to application
Form 4 for GST Registration GST REG- 04 Filing of Clarification/additional information/document
Form 5 for GST Registration GST REG- 05 Order for rejection of application of Registration / Amendment / Cancellation / Revocation of Cancellation
Form 6 for GST Registration GST REG- 06 Registration Certificate
Form 7 for GST Registration GST REG- 07 Application for Registration as TDS (u/s 51) or TCS (u/s 52) of the GST Act, 2017
Form 8 for GST Registration GST REG- 08 Order of Cancellation of Application for Registration as TDS or TCS
Form 9 for GST Registration GST REG- 09 Application for Registration of Non Resident Taxable Person
Form 10 for GST Registration GST REG- 10 Application for registration of person supplying OIDAR services from a place o/s India to a person in India, other than a registered person
Form 11 for GST Registration GST REG- 11 Extension of registration period by casual/ non-resident taxable person.
Form 12 for GST Registration GST REG- 12 Order of Grant of Temporary Registration/ Suo Moto Registration
Form 13 for GST Registration GST REG- 13 Application for grant of Unique Identity Number (UIN) to UN Bodies/Embassies/others
Form 14 for GST Registration GST REG- 14 Application for Amendment in Registration Particulars
Form 15 for GST Registration GST REG- 15 Approval of Amendment relating to registration particulars
Form 16 for GST Registration GST REG- 16 Application for Cancellation of Registration
Form 17 for GST Registration GST REG- 17 Show Cause Notice for Cancellation of Registration
Form 18 for GST Registration GST REG- 18 Reply to the Show Cause Notice issued for cancellation for registration
Form 19 for GST Registration GST REG- 19 Order for Cancellation of Registration
Form 20 for GST Registration GST REG- 20 Order for dropping the proceedings for cancellation of registration
Form 21 for GST Registration GST REG- 21 Application for Revocation of Cancellation of Registration
Form 22 for GST Registration GST REG- 22 Approval for revocation of cancellation of registration
Form 23 for GST Registration GST REG- 23 Issuance of Show Cause Notice against the application for revocation of cancellation of registration
Form 24 for GST Registration GST REG- 24 Reply to the notice for rejection of application for revocation of cancellation of registration
Form 25 for GST Registration GST REG- 25 Certificate of Provisional Registration
Form 26 for GST Registration GST REG- 26 Application for Enrolment of Existing Taxpayer
Form 27 for GST Registration GST REG- 27 Show Cause Notice for cancellation of provisional registration
Form 28 for GST Registration GST REG- 28 Order for cancellation of provisional registration
Form 29 for GST Registration GST REG- 29 Application for Cancellation of registration of Migrated Taxpayers
Form 30 for GST Registration GST REG- 30 Form for Field Visit Report
Form 31 for GST Registration GST REG- 31 Suspension and Notice for cancellation of registration

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Rajput Jain & Associates

Rajput Jain & Associates is a Chartered Accountants firm, with it's headquarter situated at New Delhi (the capital of India). The firm has been set up by a group of young, enthusiastic, highly skilled and motivated professionals who have taken experience from top consulting firms and are extensively experienced in their chosen fields has providing a wide array of Accounting, Auditing, Taxation, Assurance and Business advisory services to various clients and their stakeholders. Rajput jain & Associates, a professional firm, offers its clients a full range of services, To serve better and to bring bucket of services under one roof, the firm has merged with it various Chartered Accountancy firms pioneer in diversified fields. We have associates all over India in big cities. All our offices are well equipped with latest technological support with updated reference materials. We have a large team of professionals other than our Core Team members to meet the requirements of our prospective clients including the existing ones. However, considering our commitment towards high quality services to our clients, our team keeps on growing with more and more associates having strong professional background with good exposure in the related areas of responsibility.

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