The Goods and Services Tax (GST) is a government-issued permit that allows a business to continue operating (GST). Taxes are collected and paid in a systematic manner at all levels of the supply chain. Businesses must also obtain a GST registration certificate from the government and display it on their premises in order to comply with the GST laws. The certificate is a crucial document that verifies an entity’s registration under the GST Act.
The basics of the GST registration certificate, how to download it, its benefits, the procedure for making adjustments, components, forms, and more are covered in this article.
What is a GST Registration Certificate, and how do I get one?
GST certificates are official documents provided by the Indian government that are lawful and authorised. They are used to prove that you are registered under the GST Act.
The following are some of the reasons why a GST registration certificate is both required and beneficial to taxpayers:
- The certificate is a legally binding document in India. Companies with a revenue over the threshold level (of 40 lakhs) are obliged to have a GST registration certificate, which they must display on their premises. If this isn’t done, the company will be subject to a penalty under the GST laws.
- The official GST website is where business owners can apply for a GST registration certificate. Because the Indian government does not print the certificate, it can only be obtained from the official website.
- A registration certificate is supplied to taxpayers who register using the GST REG-06 Form. The taxpayers listed on this form are GST TCS or GST TDS applicants who must get a unique identification number under Section 25 (9) of the Central GST (CGST) Act.
- In India, a certificate issued to a regular taxpayer has no validity or expiration date. It will stay valid until the taxpayer or the authorities cancel it. The GST registration certificate is valid for 90 days and is given to casual taxpayers. After the specified time period, the certification will become invalid. The taxpayer, on the other hand, can seek for a certificate extension.
The GST Registration Certificate’s Components
The GST Registration Certificate is made up of the following components:
- Taxpayer’s GSTIN
- The company’s name
- Type of business (such as company, partnership, proprietorship, etc.)
- Address of the business
- Date of Liability
- Period of validity
- Type of GST registration
- Details required by the approving authority, such as a digital signature
What is a GST Registration Certificate’s Validity?
The GST registration certificates issued to ordinary taxpayers by the GST administration do not have an expiration date. The certificate will not expire unless the taxpayer or the agency cancels it.
Furthermore, the certificate is valid for 90 days in the case of non-residents of India or non-taxpayers. By applying before the expiration date, the certificate holder can extend the validity of the registration certificate.
Who is responsible for issuing the GST Registration Certificate?
The Goods and Services Tax Network sends taxpayers and businesses their GST registration certificates electronically (GSTN). A certificate is only legitimate if it has been granted by the GST Act, which is verified by the network to prevent future issues. The information given in Form GST REG-06 is used by the department to verify the taxpayer:
- Trade Name of the Company
- Legal Name of the Company
- GST Registration Types
- The company’s primary location
- Locations of Other Businesses
The Different Ways to Get a GST Registration Certificate
You can receive a GST certificate from the GSTN in a number different ways:
- Through the official GST portal, you can apply for a GST registration certificate. The GST certificate registration will be finalized once the authorities accept the application.
- The GST registration certificate will be valid for the duration of the accountability period. It is only valid if the application was submitted within 30 days of the eligibility date. However, if you apply late, the GST certificate registration is only valid for the time it is issued.
- The bank account information can be added later. However, the bank account must be linked within 45 days of the last day of Form GSTR – 3B completion or registration.
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