Registration Process E-course on GST Goods & Services Tax Registration Process E-course on GST www.gstsms.in

CA. RAJAT MOHAN F.C.A., A.C.S., D.I.S.A. Certificate Course on Indirect Taxes Certificate Course on Forensic Accounting and Fraud Prevention Past- Deputy Convener for GST Research Study Group of NIRC of ICAI Past-Member of Study Material Research Group of NIRC of ICAI. Awarded upcoming speaker of the year by NIRC of ICAI in April, 2013. Written many books including a book on GST(4th edition) published by Bharat Law house. Over 100 articles published on tax matters(including GST) by TAXMANN, STR, VSTC, Indraprashtha Vyapar, Suchita times, Service Tax Review NIRC Newsletter, The Chartered Accountant Journal etc. Conducted seminar/workshops for professionals and students on ‘GST’ for Study circles, Nirc of ICAI, NIRC of ICSI, Young member committee of ICAI, Department of Commerce (Kurukshetra University), VIPS college. www.gstsms.in

Introduction (a)Report of the Joint Committee on Business Processes for GST on GST registration gave this report on July, 2015. (b)Based upon this report and documents available in public domain, I have drafted this PPT. www.gstsms.in

Threshold Limit Threshold of Gross Annual Turnover including exports and exempted supplies (to be calculated on all-India basis) below which any person engaged in supply of Goods or Services or both will not be required to take registration. www.gstsms.in

Application To be filed within 30 days www.gstsms.in

Input Tax Credit (a) The taxpayer would be eligible for ITC in respect of all his purchases from the date of application in case application for registration has been filed within 30 days. (b) The taxpayer would, however, not be eligible for ITC in respect of his purchases prior to the date of registration in case the registration application is not filed within the prescribed time limit of 30 days. www.gstsms.in

Structure of registration number Each taxpayer will be allotted a State wise PAN-based 15-digit Goods and Services Taxpayer Identification Number (GSTIN). State Code PAN Entity BLAN K Check Digit 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 www.gstsms.in

Procedure for obtaining Registration New Applicant Apply online for registration. Acknowledgement Number would be generated and intimated to the applicant. Once the application is approved and GSTIN is generated, the same along with Log-in ID and temporary Password will be sent to Applicant. www.gstsms.in

Existing Applicant (a) In case of Existing State VAT or Excise/Service Tax assesses, data will be sent to GSTN. With this data, additional data eg. Mobile, Email, Date of incorporation etc would be required to updated at GSTN portal. After this process GSTIN will be issued to applicant. www.gstsms.in

Common Points (a) GST common portal shall carry out preliminary verification/validation, including real- time PAN validation with CBDT portal, Adhaar No validation with UIDAI, CIN (Company Identification) with MCA and other numbers issued by other Departments through inter-portal connectivity before submission of the application form. (b) The application form will be passed on by GST portal to the IT system of the concerned State/Central tax authorities www.gstsms.in

Common Points (c) State/Central tax authorities will send it to jurisdictional officer (d) Within 3 Days officer is required to issue Registration Certificate if he is satisfied or send the deficiencies. (e) Applicant will remove the said deficiencies and send an online reply, after which concerned officer can issue registration certificate. www.gstsms.in

THANK YOU CA Rajat Mohan Website: www.gstsms.in Your comments and suggestions are of utmost importance and are always welcomed. Contact person: CA Rajat Mohan 18A, IInd Floor, North Avenue Road, West Punjabi Bagh, New Delhi-110026 Website: www.gstsms.in E-mail: rajat.mohan@icai.org www.gstsms.in