What is the online GST registration procedure in Punjab

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Hi Friends,
In the GST regime, every individual or company that supplies goods and services have to register under Goods and service tax (GST). So, if you run a business with an annual turnover that exceeds Rs.20 lakh (in all Indian states, other than north-eastern states) then you will have to register with GSTN (Goods and Service Tax Network). Once you have registered under this regime, you will receive a unique GSTIN (Goods and Service Tax Identification Number). The Central Government issues a state-wise, 15-digit number to you once you complete registration. There are many advantages of GST registration including the fact that you will get a legal identity as a supplier. You can also avail input tax credit and collect GST from recipients of goods and services.

Documents required for GST registration

Take a look at the documents you will need to upload while registering under GST. —-Pan card of the applicant, - Partnership deed or incorporation certificate, - PAN cards, voter IDs or Aadhaar cards of promoters and/or partners, - Address proof of the business by in the form of an electricity bill, rent or lease agreement or for an SEZ, documents issued by the government, - Bank account statement of the company, firm or individual, To check the ARN status for your registration by entering the ARN,

The GST Registration Process 

You can register for GST online through a government portal, or you can register at a GST Seva Kendra.
Take a look at how to register for GST online in few easy steps:-Go to the GST portal
  • Click on ‘Registration’ under the ‘Services’ tab and then click on ‘New registration’.
PART A
  • Select ‘taxpayer’ from the drop-down menu of ‘I am a’
  • Now, fill form GST REG-01 for your new registration and enter details such as the legal name of your business, state, email address, mobile number, and PAN card.
  • Verify your information by entering the one-time password sent to your mobile number and email ID, and click on ‘Proceed’.
  • When you complete the process and move to Part B, you will receive a Temporary Reference Number (TRN), after verification. Note down this number.
GST Registration – PART B:- To start with part B, log in with your TRN and enter the CAPTCHA code. Complete the OTP verification with the OTPs sent to your email id and registered mobile number. You will then be redirected to the GST registration page.
  • Now, submit business information such as the name of your company, PAN, name of the state you are registering your business in and date of commencement of your business. Here, you have to mention if you have any existing registrations.
  • Then, submit details of up to 10 promoters or partners of your business. In the case of a proprietorship firm, you will have to submit the details of the proprietor. You will have to provide personal details, designation, DIN (Director Identification Number), PAN and Aadhaar number.
  • Next, submit the details of the person you have authorized to file GST returns.
  • Add the principal place of business, enter the address, official contact details and nature of possession of premises.
  • Add details of any additional places of business, details of goods and services to be supplied, and the bank account details of the company.
  • Upload the required documents based on the type of business you are registering.
  • Now click on ‘Save and continue’. Once you submit the application, you will need to sign it digitally.
  • Click on ‘Submit’ to save your details.
  • After submission, you will receive an Application Reference Number (ARN) via email or SMS to confirm your registration.
GSTIN is a unique number that is quoted on all invoices that are supplied to the input tax credit mechanism. It not only helps you to avail input tax credit but also helps you in registering your business and improving your credibility in the industry. It is important for you to become a GST compliant and file GST returns on time. Once you register, you can also download the registration certificate from the GST portal.

What is the benefit of Remote virtual office address for business owners in Punjab

For the Proof of place of business, Punjab business owners/ merchants can utilize Remote/virtual office address:-  Punjab business owners are moreover working at different distinctive business districts or all over India/PAN India. As demonstrated by GST rule it is essential/obligatory to take GST number in a state, if there is the supply of items in that state from another state, in any occasion, even in GST input charge credit, GST number is required. Presently to take GST selection, it is important to have genuine office address in that state. Most of the business people take remote office space address/Virtual Office space address for Mumbai, as it makes it monetarily or financially simple to take GST Registration all over India/PAN India. 

Also as Punjab business owners/ vendors will store their items and selling their items all over India or at different areas in India. There will be a requirement for an office address in that state for GST enlistment in each state. Presently to get GST enrollment in a specific state, it is compulsory to have office address in that state, as remote virtual office address is extremely financially savvy remote/virtual office address, will help Punjab business merchants to get GST enlistment in that state, at an exceptionally minimal cost, as compared to taking physical office space address. 

The cost of a Virtual Office Address begins at a minimum cost of Rs. 1000/per month. 

For more detailed information get in touch with us day in and day out — +91 8882702020. INSTASPACES.

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