GST Registration

Online GST Registration in Chennai – An Overview

Chennai is the capital of Tamil Nadu and is emerging as successful in automobile startups.  Entrepreneurs are being attracted to this city and they are making it the best place for business startups. Before, starting a business, one must obtain a GST registration in Chennai.

The article talks about an overview of GST registration in Chennai.

What are the basic components required for GST registration in Chennai?

India has a Dual GST Model that regulates the imposition and collection of GST by central & state governments. Both the Central and State government have the power to levy & collect taxes by their legislations.

The basic components required for GST registration in Chennai are:

• Central GST

Central GST or CGST is imposed on the intrastate supplies of goods & services by the Central Government. Intrastate supply means the supply of goods & services is within the state itself. The seller has to collect both CGST and SGST.

• State GST

State GST or SGST is imposed on the intrastate supplies of goods & services by the State Government.

• Integrated GST

Integrated GST or IGST is imposed on the interstate supplies of goods & services. Integrated GST is regulated by the IGST Act. Interstate supply means the supply of goods & services, where the location of supplier and buyer is different. The seller to collect IGST from the buyer and the tax collected will be divided between Central & State governments.

• Union Territory GST

Union Territory GST is imposed when supply of goods & services are being made in the Union territory. The revenue collected under this, is by the UT Government.

What are the advantages of GST registration in Chennai?

The advantages of GST registration in Chennai are:

• It eliminates the cascading effect
• It enhances the exemption limit for small goods & services provider
• It has less tax compliances as compared to the previous regime of indirect taxes
• The entire registration process is online
• It also manages unorganized businesses
• GST is the single and only indirect tax applicable in India
• The composition scheme is benefitting small traders

Who all can obtain GST registration in Chennai?

The persons that can obtain GST registration are:

• Every person registered himself under earlier law of taxation, i.e., VAT, Excise etc.
• Businesses whose turnover in an FY is above Rs. 40 lakhs for goods and Rs. 20 lakhs for services (Rs. 10 lakhs for goods & services in hilly or north- eastern states).
• Person dealing with interstate supply or intrastate supply.
• A casual taxable person.
• Agents of the supplier.
• ISD & its agent.
• E- Commerce aggregator and a person who supplies through it.
• Non-resident taxable person.
• Person paying tax under RCM.

What are the documents required and the steps for GST registration in Chennai?

The documents depend on the type of business, for the registration of GST. The documents are:

1. Sole proprietorship
   • PAN and Aadhar card of the proprietor.
   • Photograph of the proprietor.
   • Bank details (canceled cheque or front page of the passbook).
   • Proof of address (self owned or rented).
   • In case of rented property, a NOC from the owner of the rented premises is required..
2. Partnership firm or LLP
   • Identity and address proof of the partners.
   • Copy of the partnership deed.
   • Photograph of the partners.
   • Identity and address proof of the person authorized by partners.
   • Appointment of authorized signatory.
   • Bank details (canceled cheque or front page of the passbook).
   • Proof of address (self owned or rented).
   • In case of LLP, certificate of registration & Board Resolution of LLP.
3. Company
   • PAN card of the company.
   • MOA and AOA of the company.
   • Incorporation certificate.
   • Identity and address proof of authorized signatory.
   • Appointment of authorized signatory.
4. HUF
   • PAN card of HUF.
   • Identity and address proof of Karta.
   • Photograph of the Karta.
   • Bank details (canceled cheque or front page of the passbook).
   • Proof of address (self owned or rented).

Steps for GST registration in Chennai

The steps for GST registration in Chennai are:

• Visit www.gst.gov.in
• Click on ‘services tab’ and then select new registration.
• Fill all the details of the taxpayer and then click submit.
• TRN (Temporary Registration Number) will be generated.
• Log in with the TRN number on the portal, to complete the application form.
• Submit:
  • Company’s name
  • PAN Card
  • Name of the state
  • of registration of business
  • Commencement date of the business.

• Submit promoters’ or partners’ details and in the case of a sole proprietorship firm, the proprietor’s details.
• Then submit the details of the authorized person to file GST returns.
• Add the principal place of business along with any additional places.
• Upload the documents required on the GST portal.
• Click on save & continue. The application needs to be signed digitally after the submission.
• Click submit.
• After the submission, ARN will be generated.
• After the verification of the details and documents, GST registration certificate will be issued.

How to download GST registration certificate online?

The steps to download GST registration certificate online are:

• Visit the GST portal, after ARN is generated.
• Log in to the account using the credentials.
• Click on the services and then select user services from the drop box; then choose view/ download certificates.
• The GST registration certificate will be downloaded.

Conclusion

GST was launched in July 2017, and since then it is the only indirect tax applicable in India. In India, each & every product goes through a number of stages and the GST will be applicable on each and every state. GST registration in Chennai is mandatory for the businesses and even persons before starting a business.

Read our article:GST Registration in Delhi – Procedure and Documents