What reason should I choose to register for GST?

Your reason to obtain GST Registration will be “VOLUNTARY REGISTRATION”. Provision of Section 25(3) of the CGST Act 2017 allow’s a person to take GST Registration voluntarily. 2). Commencement of Business will be the “Date of Registration” as mentioned in the GST Final Registration Certificate ( FORM GST REG 06 ).

What to write in indicate existing registrations?

i) In the Reason to obtain registration drop-down list, select the reason of liability to obtain registration for your business. j) In the Indicate Existing Registrations section, select the existing registration type, Registration No. and Date of Registration.

How do I fill my GST registration form?

Steps to fill up Part-A of GST Registration Application

1. Select New Registration radio button.
2. In the drop-down under ‘I am a’ – select Taxpayer.
3. Select State and District from the drop down.
4. Enter the Name of Business and PAN of the business.
5. Key in the Email Address and Mobile Number.
6. Click on Proceed.

What is mandatory registration and explain need of registration under GST?

What is GST Registration. In the GST Regime, businesses whose turnover exceeds Rs. 40 lakhs* (Rs 10 lakhs for NE and hill states) is required to register as a normal taxable person. This process of registration is called GST registration. For certain businesses, registration under GST is mandatory.

Should you voluntarily register for GST?

You can voluntarily sign up for a GST/HST account. If you choose to charge GST/HST, you should register for a GST/HST account. The reason you want to charge the GST/HST is so you can claim deductions on purchases you make for your business. If you don’t charge the GST/HST, you can’t utilize this benefit.

What is designation in GST?

Limited Liability Partnership – Designated Partners. Local Authority – Chief Executive Officer (CEO) or Equivalent. Statutory Body – Chief Executive Officer (CEO) or Equivalent. Foreign Company – Authorized Person in India. Foreign Limited Liability Partnership – Authorized Person in India.

What is mandatory registration?

Mandatory Company Registration Hence, a business with any amount of turnover or capital can be operated as a Proprietorship or Partnership or Limited Liability Partnership or Private Limited Company. However, the Companies Act 2013, does require mandatory company registration for certain Partnerships.

What is GST voluntary registration?

Voluntary registration provides option to a person to take GST registration even though he is not liable for GST registration under section 22 or section 24 of CGST Act, 2017 or SGST/UTGST Act, 2017. Section 24 provides certain situation in which person is required to take GST registration irrespective of the turnover.