Use Aadhaar to Get GST Registration in Just Three Days

For every business that makes an annual turnover above Rs. 40 Lakhs, GST registration has been made mandatory by the government. All of the registered companies that are under central excise, VAT, or service tax need to register under GST by following the GST registration process. The registration process can be carried out online thereby making the entire procedure easy and simple for business owners. Let us look at the details of GST registration and how you can complete GST registration using an Aadhar card.

What is GST Registration? 

The Goods and Service Tax (GST) has been considered to be one of the most important tax reforms in India. Earlier, there were multiple taxes that were charged to businesses. Some of them were the VAT, Service Tax, Central Excise, Octroi, Entry Tax, and many others. However, all of these taxes were  replaced with the GST when it was introduced on the 1st of July during the year 2017. GST depends on the destination and follows a dual model. Under this model, both the central government and the state levy tax on all services and goods. All businesses should register for a GST number. It is also recommended to know if your business is liable for GSTIN to get your company registered for the same accordingly. 

Who Should Register?

Every business whose annual turnover is more than Rs. 40 Lakhs has to definitely register for GST.  In addition to such businesses, here is a list of other scenarios in which GST registration is mandatory. 

  • Individuals who have registered under Service Tax, VAT, or Pre-GST law of exercise. 
  • Agents of suppliers and the distributors of input supply.
  • Individuals who are supplying information online who are also non-taxable in India.
  • Individuals supplying inputs through e-commerce aggregators.
  • Individuals who continue to pay the taxes under the reverse charge mechanism. 

How to Register for GST with an Aadhar Card? 

Earlier, GST registration was considered to be a tedious process as it involved KYC processes that had to be started from scratch. However, since March 14, 2020, the GST council approved Aadhar card to be used as authentication for GST registration. You can apply for GST registration using your Aadhar card by following these steps:

Step 1: Navigate to the GST website and go to Services>Registration>New Registration.

Step 2: You will then be given an option about whether you want to register using your Aadhar card. Click on “YES” for Aadhar authentication.

Step 3: You will then receive a link to your registered mobile number and email ID. Click on the authentication link received and enter your Aadhar number and click on “Validate”.

Step 4: Once your details are matched with UAIDI, you will receive an OTP on your mobile number and your email ID.  Enter the OTP to successfully authenticate your e-KYC.

Step 5: Once you authenticate your e-KYC, your GST registration process through your Aadhar card will be completed. 

In a Nutshell 

Registering for GST using your Aadhar card can be simple and also consumes less time. For every business whose turnover is over Rs. 40 Lakhs, GST registration is mandatory. You can know more about GST registration on Finserv MARKETS.