GST Registration

Process of obtaining GST Registration in Maharashtra

GST registration in the state of Maharashtra or anywhere in India is an essential requirement in some cases. If any enterprise or business surpasses the minimum threshold, then they are required to register under GST. GST registration process can be complex for some therefore we have detailed the complete process of obtaining GST Registration in Maharashtra.

GST Requirements

GST or Goods & Services Tax was introduced in 2017. It replaced various forms of indirect taxes in India. The GST threshold was raised from 20 lakh rupees to 40 lakh rupees in 2019. Hence businesses that exceed this threshold limit need to apply for GST registration, and not doing so can attract hefty fines and penalties.

Threshold limit-

CATEGORY	REGION	AGGREGATE TURNOVER
Services	Special Category States- Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Tripura, Sikkim, Uttarakhand & Himachal Pradesh.	10 Lakhs rupees
Services	Rest of India	20 Lakhs rupees
Goods	Special Category States- Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Tripura, Sikkim, Uttarakhand & Himachal Pradesh.	20 Lakhs rupees
Goods	Rest of India	40 Lakhs rupees

Who should apply for GST Registration in Maharashtra?

The following should apply for GST Registration:

• Those individuals that come under the ambit of pre-GST era laws;
• Businesses with annual turnover of more than 40 lakh rupees;
• Casual taxable person;
• Non-resident taxable person;
• Input Service Distributor agents;
• Individuals under Reverse Charge Mechanism;
• An e-commerce aggregator.

Process of Online GST Registration

The process of GST registration is detailed below:

• Visit the GST portal- https://www.gst.gov.in/
• On homepage, navigate to the services tab and visit the registration section;
• Click on the new registration option;
• It will re-direct applicants to a fresh page with application form comprising of two parts, namely, Part A and Part B;
• In part A, users should select the new registration option and select the type of taxpayer from the drop down menu;
• Provide your legal business name and select state as Maharashtra and select the appropriate district;
• After that, users are required to enter details like their email address and their mobile number to continue;
• To complete verification process, you need to enter the OTP that you obtained on the mobile number provided by you and click on proceed;
• When the verification process is over, a Temporary Reference Number would be displayed;
• In order to enter into Part B, users need to log in with the TRN, then navigate to the option- My Saved Application and click edit;
• The page will display ten tabs where different types of details need to be provided, such as the Business Details, partners, bank details and much more;
• Provide all information asked and click on continue;
• Under the verification tab, users need to submit DSC or EVC to authorize the application;
• Finally, click on submit and proceed. When your application is submitted successfully, a success message shall be displayed.

Documents required-

The following documents are required:

• Photo of the proprietor, managing partner, director;
• Partnership deed/certificate of incorporation/Trust deed/society registration;
• In case you own the place of business, then you need to submit, property tax receipt or bills not older than 3 months;
• In case you have rented the place of business, rent or lease agreement will be required or electricity bill;
• Scanned copy of the bank statement;
• A copy of cancelled cheque;
• Authorization form;
• PAN card of the applicant;
• Aadhaar card of the applicant;
• ID and address proof of directors/partners.

Why should you consider getting GST Registration in Maharashtra?

Maharashtra is situated in the western region of India and is one of the most industrialized state in India. It has kept its pole position in the industrial sector. Further, the state is also a pioneer in small scale industries. Maharashtra enjoys a long history in textiles, with Mumbai city being the home of India’s textile mills. Further, the state is known for various creative industries, service sectors and training sectors. Therefore Maharashtra is a great place for business.

Further, the process of GST registration is also online, so one can quickly apply for GST registration in the state. Hence if you fulfill the eligibility criteria for obtaining the registration, then you are advised to get the registration done without any delay.

You should also consider getting GST Registration for the reasons such as:

• Enhanced exemption limit for small goods and service provider;
• Get Benefit from the composition scheme;
• Process of getting registration is online.

Conclusion

Online GST Registration in Maharashtra could become a complex task for those that are unaware of the registration process and requirements. If you fall under the eligibility purview of GST registration in your state, then consult a GST professional who will guide you through the entire process. If you desire to know more on GST Registration in any state in India, consider exploring vast amount of articles available on the Enterslice Website.

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