Simplified process for Foreign Company GST Registration

Simplified process for Foreign Company GST Registration

India is a highly attractive market for non-residents to invest in and do business. If you are a non-resident and plan to set up a business here, then you must register under GST. Please read our article on the GST provisions applicable to non-residents to understand the requirements for GST filing by NRIs.  In this article, we will discuss the process of GST registration for non-residents and the applicable forms.

Provisional Registration

  1. A non-resident taxable person will electronically apply for registration using the FORM GST REG-09 and a self-attested copy of his valid passport.
  1. The application must be duly signed or verified through EVC.
  1. It must be submitted at least five days prior to the commencement of business.
  1. In case it is a foreign business entity (incorporated or established outside India), the application for registration shall be submitted along with its tax identification number of that country (similar to our PAN) or its PAN (if it has one).
  1. An advance deposit of tax (based on estimation) must also be submitted along with the application.

Final Registration

Final registration will be made in the same way as in the case of resident taxpayers as follows:

  1. If the person wishes to register under GST, then he will submit an application electronically using the FORM GST REG–26. Any information must be furnished within a period of three months
  1. If the information is correct and complete, the final GST registration will be given in FORM GST REG-06
  1. If the information is incorrect, the officer will issue a show-cause notice using FORM GST REG-27. A reasonable opportunity of being heard will be given, after which the provisional registration will be canceled through the FORM GST REG-28
  1. If the applicant’s reply is satisfactory, then the show cause notice issued can be nullified by issuing an order via the FORM GST REG- 20
  1. The application for registration made by a non-resident will be signed by his authorized signatory, who must be a person resident in India with a valid PAN.

Note: EVC is Electronic Verification Code, a new mode of electronic verification based on Aadhar card. All forms uploaded in the GST Portal must either be signed or verified through EVC.

 

 

Created & Posted by Pooja

Income Tax Expert at TAXAJ

 

TAXAJ is a consortium of CA, CS, Advocates & Professionals from specific fields to provide you with a One-Stop Solution for all your Business, Financial, Taxation & Legal Matters under One Roof. Some of them are: Launch Your Start-Up Company/Business, Trademark & Brand Registration, Digital Marketing, E-Stamp Paper Online, Closure of Business, Legal Services, Payroll Services, etc. For any further queries related to this or anything else, visit TAXAJ

 

Watch all the Informational Videos here: YouTube Channel

 

TAXAJ Corporate Services LLP

Address: 1/11, 1st Floor, Sulahkul Vihar, Old Palam Road, Dwarka, Delhi-110078

Contact: 8961228919 ; 8802812345 | E-Mail: connect@taxaj.com

 


    • Related Articles

    • Foreign subsidiary accounting

      Consolidation of Foreign Subsidiaries and Exchange Differences CONSOLIDATION OF FOREIGN SUBSIDIARY Subsidiary with significant autonomy Every entity should have its functional or home currency – ie, the currency of the economic environment in which ...

    • Checklist for Incorporating Foreign Subsidiary Company

      The foreign subsidiary company is an organization, which is wholly-owned or partly owned by the parent company, operating in one country with its parent company situated in another country. For example, a company incorporated in the USA (Parent ...

    • Complete knowledge of GST Registration, application & eligibility

      GST Registration According to GST rules, it is mandatory for a business that has a turnover of above Rs.40 lakh to register as a normal taxable entity. This is referred to as the GST registration process. The turnover is Rs.10 lakh for businesses ...

    • Compliance for foreign subsidiary in India

      Foreign Subsidiary Company Compliances in India All companies established in India must follow the rules and regulations set up by the government. This is in effect, regardless of whether Indian or Foreign entities or citizens own the companies. The ...

    • Indian Subsidiary Registration works as a wing of Foreign Companies

      Indian Subsidiary Registration Foreign companies have interest to start their operations in India as it is one of the largest and fast-growing markets in the world. A Foreign National other than a citizen of Pakistan or Bangladesh or an entity ...