HOW TO DOWNLOAD GST CERTIFICATE: -
To download the GST registration certificate, one should have access to GST account. Once, one has the GST Portal account details he/ she can go through the following .
steps: -
- STEP 1: Go to the GST India portal https://www.gst.gov.in/
- STEP 2: Click on the ‘Login’ button to access the username and password page.
- STEP 3: Enter the correct ‘Username’ and ‘Password’ credentials along with the captcha in the required field and click ‘Login’.
- STEP 4: Click on the Services –> User Services –>View/ Download Certificate.
- STEP 5: Click on the ‘Download’ button on the screen to download the certificate. The certificate contains all the details on the tax transactions.
Validity/ Time limit For GST Registration Certificate?
GST registration certificates have do not have an expiry to regular taxpayers. Hence, as long as the GST registration is not cancelled by GST authority, it would continue to remain valid.However, in case of casual taxable person GST registration or non-resident taxable person GST registration, the validity is restricted to a maximum of 90 days.The taxpayer can extend the validity of the GST certificate or renew at the end of the validity period.
Amend Change in GST Registration: -
In case any information on the GST registration certificate is wrong, the taxpayer can initiate an amendment to the core field on the GST portal. Amendment to core field requires approval by the Tax Officials and on approval a new amended GST registration certificate would be downloaded.
Some of the core fields in a GST registration certificate are:
- Any change in the legal/ trade name of the business, not involving a change in PAN
- Principal place of business
- Additional Place of Business (Other than the change in State)
- Addition or deletion of Partners/Karta/Managing Directors and whole-time Director / Members of Managing Committee of Associations / Board of Trustees/ Chief Executive officer or equivalent etc.
Amendment to the core field can be initiated by following the steps below:
- Access the GST Portal.
- Login to the GST Portal with valid credentials.
- Click theServices> Registration > Amendment of Registration Core Fields link.
- Update the changes required in any of the fields required.
- In the Verification tab, select the Verification checkbox.
- In the Name of Authorized Signatory drop-down list, select the authorized signatory.
- In the Place field, enter the name of the place.
- After filling the application for Amendment of Registration, you need to digitally sign the application using Digital Signature Certificate (DSC)/ E-Signature or EVC.
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GST REGISTRATION LIMIT: -
In India, businesses with an annual turnover of more than Rs. 40 lakhsare required to register for GST. The GST Council raised the minimum threshold for GST registration from 20 lakhs to 40 lakhs in consideration of MSMEs’ concerns, thereby relieving many small businesses from paying GST.However, certain businesses, such as those engaged in e-commerce or selling goods across state borders, are required to register for GST regardless of their turnover.
Activities that are eligible for taxation under GST: -
- Supply of goods or services not liable to tax.
- Supply of goods or services by an unregistered individual to a registered individual.
- Supply of goods or services by an unregistered ecommerce operator.
How to Make the Best Use of GST Registration: -
The GST registration limit in India has been increased to ₹40 lakhsfrom ₹ 20 lakhs for most states. The states like Jammu and Kashmir, Assam, Arunachal Pradesh, Sikkim, Meghalaya, Nagaland, Tripura, Mizoram and Manipur where the limit is ₹ 10 lakhs. The main objective was to bring more small businesses into the GST net and to improve tax compliance.
To make the best use of this revised GST registration limit, businesses must:
- File their GST returns regularly and on time. This will help them avoid any penalties or interest that may be levied for late filing
- Maintain proper records of their sales and purchases. This will ensure that they are able to correctly calculate their taxes and file accurate GST returns
- Keep updated with changes in GST rates and regulations. This will help them ensure that they are compliant with the latest rules and requirements.