Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India. Any individual or business entity that wants to supply goods or services with an annual turnover of more than Rs. 20 lakhs must register for GST. If you are a business owner in India with an annual turnover of more than Rs. 20 lakhs, you need to know how to apply for a GST number; the process is straightforward and can be done online by following the necessary steps to apply for a GST number.
Step 1: Visit the GST portal
To apply for a GST number, visit the GST portal at https://www.gst.gov.in/. Click the "Services" tab on the home page and select "Registration" from the dropdown menu.
Step 2: Select "New Registration"
On the registration page, select "New Registration" under the "I am a" dropdown menu. Then, choose the type of taxpayer you are – an individual, company, partnership firm or others.
Step 3: Fill in the required details
Fill in the basic details such as your name, address, PAN, and email ID. You will also be required to provide details about your business, such as the type of goods or services you supply and the annual turnover of your business.
Step 4: Verify the details
After you have filled in the required details, click on the "Proceed" button. You will receive an OTP on your registered mobile number and email ID. Enter the OTP and click the "Proceed" button to verify your details.
Step 5: Upload the required documents
Next, you must upload the required documents, such as your PAN card, address proof, identity proof, bank details, and photographs. Make sure that you have all the documents ready in the required format.
Step 6: Submit the application
After uploading the required documents, click on the "Submit" button. You will receive an Application Reference Number (ARN) and email ID on your registered mobile number.
Step 7: Wait for the approval
Once you have applied, you need to wait for the approval. You can track the status of your application using the ARN.
Knowing how to apply for GST No. is a straightforward process that can be done online. Ensure you have all the required documents in the required format before you start the application process. Once you have applied, you need to wait for the approval. After getting the GST number, you can supply goods or services and collect taxes on behalf of the government.
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In India, registration under Goods and Services Tax (GST) is mandatory for businesses whose annual turnover exceeds Rs. 40 lakhs (for most states) or Rs. 20 lakhs (for northeastern and hilly states). Additionally, certain categories of businesses, such as those involved in inter-state transactions or providing e-commerce services, must register under GST, regardless of their turnover.
Obtaining a GSTIN (Goods and Services Tax Identification Number) without registering under GST is impossible. The GSTIN is a unique identification number issued to businesses upon registration under GST. It is used to track transactions and ensure compliance with GST regulations. Thus, if you want a GSTIN, you must register under GST first.