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+ TEMPORARY GST
(GST + GST REGISTRATION FOR FOREIGNERS + TEMPORARY GST) Registration - An Overview
GST REGISTRATION
PROCESS
- Visit the portal and fill the “Part- A Form GST REG-01” for GST Registration.
- You will get a temporary reference number on your mobile number and there will be verification by OTP.
- After that need to fill “PART-B of Form GST REG-01”.
- A confirmation will be generated in the “Form GST REG-02”. In case of any kind of information being pending from your side. You will be required to fill the “Form GST REG-03”. And for this, you may be required to visit the office and provide the documents within 7 working days in the “Form GST REG-04”.
- The office may also decline your application, if they find any mistakes. You will be kept up-to-date about this via “Form GST REG-05”.
- At last, a certificate of registration will be allotted to you by the department after verification and approval in “Form GST REG-06”.
Documents Required for GST Registration
1) PAN Card of the business
2) PAN of the applicant
3) Identity proof of the applicant along with the photographs
4) Address proof of the applicant.
5) Business registration document or the Certificate of Incorporation.
6) Business location proof
7) Bank Account statement or canceled cheque
8) Digital Signature Certificate
9) Letter of authorization or Board Resolution for the authorized signatory.
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A company that cares about its employees . A company’s core values might include honesty, self- improvement or communication.and also have special way to deal with clients and solve the problem.
GST REGISTRATION FOR FOREIGNERS
Do Foreign Businesses Need to Register for GST in India?
Yes, any foreign company that supplies products and/or services to Indian recipients but does not have an established place of business or habitation in India is required to register for GST.
A "non-resident taxable person" is defined in the CGST Act as anyone who engages in transactions involving the supply of goods or services or both on a regular basis, whether as principal, agent, or in any other position, but does not have a fixed place of business or habitation in India. Non-resident taxable people making taxable supplies are required to register for GST under Section 24 of the CGST Act.
As a result, all international enterprises delivering goods and/or services to Indian recipients are required to register for GST.
PROCESS
GSTR-5 Instructions Form GSTR-5 must be submitted online using the GST Common
Portal.
1. The following terms were used:
- GSTIN is an abbreviation for Goods and Services Tax Identification Number.
- UIN stands for Unique Identification Number.
- UQC stands for Unit Quantity Code.
- HSN (Harmonized System of Nomenclature) is an abbreviation for the Harmonized
System of Nomenclature
- POS: Location of Supply (Respective State)
- From A to B: From one registered individual to another registered one
- From B to C: From a registered to an unregistered individual
2. GSTR-5 is a monthly return that applies to non-resident taxable persons.
3. The information in GSTR-5 must be submitted by the 20th of the month after the applicable tax period, or within 7 days of the registrations end date, whichever comes first.
4. Table 3 contains data of products imported, bill of entry by bill of entry, and the taxpayer must state the amount of ITC eligible on such goods imported.
5. Bill of Entrance information, comprising a six-digit port code and a seven-digit bill of entry number, must be provided by the recipient.
6. Table 4 shows the changes to goods imports. The information will be reflected in previous tax returns.
TEMPORARY GST
WHO IS A CASUAL TAXABLE PERSON UNDER GST REGISTRATION?
A "casual taxable person" is a person who, in the course or furtherance of business, occasionally engages in transactions involving the supply of goods or services, or both, in a State or a Union territory where he has no fixed place of business, whether as principal, agent, or in any other capacity.
PROCESS
GST registration is required for casual taxable persons, just like it is for everyone else. GST registration is required for all non-regular taxpayers. There is no minimum threshold for being a casual taxpayer. The option of a composition plan, on the other hand, is not available to the casual taxpayer.
- Apply for registration by declaring PAN, mobile number and email in PART A of Form GST REG-01
- Validate and verify PAN, mobile number and email through OTP
- On successful verification, temporary reference number is generated using which advance tax deposit is to be made. As acknowledgement for deposit, Form GST REG-02 will be given electronically.
- Using the reference number generated, the applicant can fill and submit PART B of Form GST REG-01 electronically
- The Registration certificate shall be issued electronically after the tax deposit appears in electronic cash ledger
- After receipt of Registration Certificate, CTP can make taxable supplies
- Validity of Certificate- Period specified in application or 90 days from effective date of registration whichever is earlier.