Application Process<\/strong><\/h3>\n\n\n\nThe following is the process of GST registration online:<\/p>\n\n\n\n
Step 1:<\/strong> The first step is to register yourself as a new user on the GST portal with proof of business registration.<\/p>\n\n\n\nStep 2: <\/strong>Fill in the GST REG-01 form by entering your business details.<\/p>\n\n\n\nStep 3:<\/strong> Enter the OTP you receive for verification.<\/p>\n\n\n\nStep 4:<\/strong> Complete the document uploading process.<\/p>\n\n\n\nStep 5:<\/strong> You will receive approval, GSTIN and a certificate from the tax authorities. On receiving the mentioned documents you can file your GST returns.<\/p>\n\n\n\n2. Composition Scheme Registration<\/strong><\/h2>\n\n\n\nComposite scheme registration allows a reduced tax rate for small business owners or regular taxpayers simplifying the taxation system. Learn about the eligibility criteria, and tax rates for this type of GST registration here:<\/p>\n\n\n\n
Eligibility Criteria<\/strong><\/h3>\n\n\n\n\n- Small businesses having an aggregate turnover limit of less than \u20b91.5 crore are applicable.<\/li>\n\n\n\n
- Under Section 10 food and non-alcoholic beverage-serving restaurants, manufacturers and dealers are eligible for composite GST registration.<\/li>\n\n\n\n
- Intra-state suppliers of goods and services alone are eligible. <\/li>\n<\/ul>\n\n\n\n
Tax Rates<\/strong><\/h3>\n\n\n\nThe tax rates are a percentage of the annual turnover in this type of GST registration. Here are the applicable tax rates:<\/p>\n\n\n\n
\n- 1%: for traders<\/li>\n\n\n\n
- 2%: for manufacturers<\/li>\n\n\n\n
- 5%: for food and non-alcoholic beverage serving restaurants<\/li>\n<\/ul>\n\n\n\n
Application Process<\/strong><\/h3>\n\n\n\nHere is the application process for composition scheme registration:<\/p>\n\n\n\n
Step 1:<\/strong> Visit the GST portal, register yourself and log in using your user credentials.<\/p>\n\n\n\nStep 2:<\/strong> Fill in the GST CMP-02 form and enter details about your business.<\/p>\n\n\n\nStep 3: <\/strong>Receive the application reference number or ARN and approval from the tax authorities of India.<\/p>\n\n\n\nStep 4: <\/strong>Upon receiving the approval, you can proceed with GST return filing.<\/p>\n\n\n\nNotably, if you are moving from a regular GST registration to a composition scheme, you need to fill in the GST ITC-03 form.<\/p>\n\n\n\n
3. Casual Taxable Person Registration<\/strong><\/h2>\n\n\n\nCasual taxable person registration applies to temporary GST registrations like fairs and exhibitions or events that are not permanently registered under GST. The following are the eligibility criteria, tax rates and application process for this type of GST registration:<\/p>\n\n\n\n
Eligibility Criteria<\/strong><\/h3>\n\n\n\n\n- Temporary taxable suppliers of goods and services and business entities.<\/li>\n\n\n\n
- Non-resident Indians engaged in business in India.<\/li>\n\n\n\n
- Foreign entities engaged in Indian businesses.<\/li>\n\n\n\n
- Temporary businesses conducting trade fairs or events.<\/li>\n<\/ul>\n\n\n\n
Tax Rates<\/strong><\/h3>\n\n\n\nThe tax rates are similar to the regular GST registration system. It includes 5%, 12%, 18% and 28% as applicable.<\/p>\n\n\n\n