HOW TO START ONLINE BUSINESS WITHOUT GST NUMBER
A Comprehensive Guide on How To Obtain a GST Number for Your Business
Are you considering starting a business in India? Then you should know that having a Goods and Services Tax (GST) Number is an essential prerequisite. This number allows businesses to have seamless interactions with their customers as it ensures a proper documentation mechanism amid multiple transactions.
For individual or business owners looking to obtain a GST number for their operations, the process is straightforward. This guide will walk you through the steps of obtaining a GST registration number so you can start trading without any hindrances!
Steps to Obtain a GST Number
The first step of the process is to register your business using the GST Identification Number (GSTIN) enrollment process. This can be done manually at the Central Board of Excise and Customs (CBEC), or through the government’s GST Portal. Once you have completed the GSTIN enrollment process, you will receive your GST number.
Updating Your Business Profile On GST Portal
After you have successfully obtained your GST number, the next step is to update your business profile on the GST Portal. This consists of providing detailed information about the nature of the business. This includes details about the principal place of business, the nature of ownership, the scope of the business and the nature of goods or services supplied.
Furthermore, other details such as the types of taxes payable, the taxpayers’ and auditors’ address and contact details, as well as the bank account details should also be provided. This step is necessary in order to ensure that the GST Portal is updated with the accurate information necessary to do business within the GST framework.
FAQs
1. What is Goods and Service Tax (GST)?
Goods and Service Tax (GST) is a comprehensive indirect tax levied by the Government of India on the supply of goods and services. It is aimed to bring uniformity and uniform taxation structure across the country.
2. How does online GST registration work?
Online GST registration can be done through the government's GST Portal. This involves filling in an online form with the necessary information about the business and providing the required documents. Once the form is filled and the documents are submitted, the GST registration number will be provided.
Having a GST number is an essential requirement if you plan to start a business in India. This guide has explained the step-by-step process for obtaining a GST registration number for individual or business owners. Once the steps mentioned here are followed, you can start trading without any delays or hindrances.
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