Many people in India are running businesses on the Internet. Especially after a disease outbreak, the Indian online market is growing for internet-based businesses. If you want to start an online business or switch your current one to the Internet, it’s important to understand GST and GST registration. Let’s learn the basics of GST for online businesses.
What is GST? GST stands for Goods and Services Tax. In India, GST is a kind of tax that all businesses should know about and follow.
Registering for GST: Registering for GST is known as GST Registration.
In simple words, GST Registration Online is the process by which business owners can sign up for Goods and Service Tax and get a special number called Goods and Service Tax Identification Number (GSTIN).
What is GSTIN? GSTIN is like the older Tax Identification Number (TIN) or Service Tax Registration Number. It’s a unique ID for registered taxpayers.
As per the current GST rules, all registered taxpayers are brought together under one platform using GSTIN. This lets taxpayers manage things on the same GST website using their GSTIN.
Getting GSTIN is also part of the GST Registration process.
Why GST Registration Matters for Online Businesses: GST Registration is a must for every e-commerce company.
If you want to sell things on e-commerce sites like Amazon, Flipkart, Meesho, etc., you have to be registered with GST.
GSTIN is needed for Input Service Distributors, Suppliers, Agents of Supplies, Taxable Non-Resident Individuals, and Casual Taxable Persons.
Online businesses that sell goods between different states must have GST Registration.
If an online business earns more than Rs 20 Lakhs or more than Rs 10 Lakhs in specific states, they need to get GST registered
Stepwise Method to Get GST Register for Online Businesses Visit the official government GST Portal at
Go to the tab ‘Taxpayers’ and click the ‘Register Today Option.
On the registration page, fill in the necessary details.
Check the OTPs you received via your mobile or check your email for the OTPs.
Take note of your TRN(Temporary Referral Number).
Go to the GST Portal again, and log in with your TRN.
Sign up for with your Digital Signature Certificate, Verify and submit the GST Form for application.
Follow the Status of your Application.
Documentation Requirement for GST registration for online Business PAN card
Aadhaar card
Proof of address for business
Statements of the bank account and canceled cheque
The Company’s Registration Document or proof of registration for a business
Digital Signature Certificate
Director’s ID or Promoter’s ID Address proof, ID proof, and photo
The letter of Authorisation or Board Resolution of the Authorized Signatory
Advantages to GST Registration for online Business GST Registration as well as the filing of GST returns is now completely online.
It simplifies the business process and provides transparency.
Online business that is registered under GST is simple since there are no indirect taxes.
GST Registering is required for Online Business to ensure credibility.
Online businesses can benefit from an Online Bookkeeping and Accounting Service to help them with their GST Compliance.
GST regulations procedures, and taxes that can be similar across the nation help reduce the cost of compliance.
Online businesses can also benefit from the GST composition scheme.
The clear guidelines and numerous high-quality standards of procedure were established in the GST system in order to facilitate E-Commerce Businesses.
There are fewer restrictions on the interstate transportation of goods.
Online businesses can get Input Tax Credit Online.
GST Modification and GST Cancellation both are done quickly and easily on the Internet.
