Introduction
Are you a business owner in Bangalore looking to register for Goods and Services Tax (GST)? Making sure your business is GST compliant is essential for its smooth functioning and legal compliance. In this article, we will guide you through the process of GST registration in Bangalore, providing you with all the necessary information and steps to follow.
Why is GST Registration Important?
Before diving into the process, let's understand the significance of GST registration. GST is a comprehensive tax levied on the supply of goods and services across India. It has replaced various indirect taxes levied by the state and central governments. Getting your business registered under GST offers several benefits, such as:
Legally recognized:
GST registration gives your business legal recognition as a supplier of goods or services.
Registered businesses can claim input tax credit on the GST paid for inputs used in their products or services.
Interstate trade:
GST registration is mandatory for businesses involved in interstate trade.
Avoid penalties:
Non-registration or late registration can attract hefty penalties, affecting your business financially.
Business expansion:
GST registration is often a prerequisite for participating in government tenders or opening a current bank account.
What Is Suo Moto GST Registration in Bangalore?
Suo moto registration or temporary ID generation is the act of authorized tax officials working to begin the process of generating and issuing a ‘Temporary ID’ for the purpose of depositing the money collected by tax officials from unregistered persons, particularly during enforcement proceedings initiated by Karnataka’s GST enforcement wing.
Calculate the GST amount that needs to be paid before registering for GST using our GST Calculator.
An individual must apply for a GST number:
https://www.gst.gov.in/ within 90 days of receiving the suo moto registration. If necessary, an applicant may file an appeal against this registration and ask for a suo moto cancellation of the GST registration.
Steps Involved in Applying for a GST Number in Bangalore
- Go to the GST registration website to get started. After that, you’ll need to register as a new user to get a valid TRN.
- Then you must log in with the TRN and Captcha code once you’ve completed the new user registration.
- Click the ‘Edit’ icon on the ‘My Saved Application’ page. In each of the ten sections in front of you, fill in all of the relevant information.
- Fill in the principal location of business’ and commodity details fields as well. ‘Save & Continue’ should be selected.
- Fill up your bank account information after selecting the proper HSN code.
- Then you must scan and upload scanned copies of all required documents.
- Then go to the verification page and check the box next to the declaration. You can then submit your application using the e-Sign method, which requires the ‘OTP’ to be sent to the mobile number associated with your Aadhaar card, or the EVC method, which requires the ‘Electronic Verification Code’ sent to your registered mobile number.
- An ‘Application Reference Number’ (ARN) will be issued to your email address and registered mobile number when you submit your application. On the GST portal, you can use the ARN to verify the status of your application and GSTIN.
- If everything is in order, you will obtain your GSTIN number within 7 working days after submitting your application
Documents Required:
- PAN of Proprietor,
Company/Partnership Firm /LLP
- KYC Documents (Self Attested PAN,
Aadhar Card & Passport Size photo, Contact No., Email I’d) of Proprietor/Directors/Partners/Designated
Partners
- Business Name
- If Proprietorship- PAN of Proprietor
- If Company/LLP – PAN of entity and
Certificate of Incorporation/LLP Deed
- If Partnership Firm- PAN of
Partnership Firm and Partnership Deed
- Object of entity
- Proprietorship object
- If Company - Memorandum of
Association
- If Partnership Firm /LLP – Deed of
Partnership Firm /LLP
- Contact number/Email id of entity–
If Company/Partnership Firm /LLP
- Registered office Address Proof: -
- Electricity bill/ Water tax/ Municipal Tax/Property Tax Bill (Should
not be older than 2 months)
- Rent Agreement in case of rented
property or NOC if owned by relatives
Created & Posted by Sony Garg
Accountant at TAXAJ
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