Is GSTN Safe?

Post the GST was implemented the Home Ministry has given security clearance to the Goods and Services Tax Network (GSTN), the information technology backbone of the GST regime, paving the way for its operationalization.

In the GSTN, five private institutions have 51% equity – HDFC Bank Ltd (10%), HDFC Ltd (10%), ICICI Bank Ltd (10%), LIC Housing Finance Ltd (11%) and NSE Strategic Investment Corp. Ltd (10%). The central government has 24.5% equity in the GSTN, whereas state governments, two Union territories and the empowered committee of state finance ministers together hold another 24.5% stake in it.

The procedure for granting security clearance to the GSTN involved background checking of its concerned office-bearers and others. The GSTN has been working overtime to ensure a smooth registration. All the tax assesses have been given a provisional ID using which they can start transacting business with the implementation of the GST.

When a business entity registers under GST, it is given a unique Goods and Services Tax Identification Number (GSTIN). After that, the entity has to login to the GSTN portal and give details of its business such as the main place of business, additional place, directors and bank account details.

Read more: How safe is your data on the GST Network?

How to Shift to the GST Framework Online?

Those who have been registered under service tax are required to move to the GST framework and get their registration process completed under GST. This process can be carried out online provided all the required documents are in place.

Service tax login

Go to aces.gov.in to login to your service tax portal with the registered id and password. Click on the SERVICE TAX tab.

Click on the option to obtain provisional ID for GSTN.

Enter the details and click Submit button.

The system displays a success message.

You will receive the username and password in your email ID. Note the username and password to carry out further process.

GSTN login
Next the user should go to gst.gov.in and click on New Registration link.

Enter the details and click PROCEED button.

Enter the Mobile OTP and Email OTP and click PROCEED button.

The system displays a success message. Click the PROCEED button.

Enter the Temporary Reference Number (TRN) that you have received via Email/Mobile. Click PROCEED button.

Enter the Mobile / Email OTP and click PROCEED button.

The system displays your saved application. Click the Edit icon below the Action column to proceed.

Documents

Scanned documents in the prescribed file size with respect to the entity and its directors/authorized signatories should be ready for uploading. The following documents are required for a private limited company.

• Incorporation certificate and constitution documents

• PAN

• Board resolution for signatories

• Bank statement

• Declaration to comply with GST norms

• PAN and ID proof of directors

• Address proof of registered office

Registration process

Upon entering provisional ID and password, and carrying out OTP verification, the user must enter unique username and password. Security question and answers should be submitted. Next, the user needs to enter the new user name and password which will take the user to the GST dashboard.

Business information

Name, PAN, constitution and service tax registration details need to be entered and pdf of constitution document must be uploaded. Details of directors, signatories, place of business should be added and documents uploaded. Further, the required HSN code relating to the nature of service should be selected and bank details entered.

Points to note

• A person with multiple business verticals is required to have multiple registrations under GSTN for each business.

• PAN is mandatory for GST registration.

If you would like to know more about GST with Deskera, please write to hello@deskera.in