With India stepping up in Ease of Doing Business rankings, there has been an influx of NRIs setting up business units in India. For NRIs to set up a business in India, GST registration is necessary. We will discuss the registration process under GST for non residents.
Process of Registration
Provisional Registration:-
- An application must be made electronically in FORM GST REG-09 with a self attested copy of valid passport by the non-resident taxable person.
- The application must be verified through DSC or EVC on the GST portal.
- Along with the application, Tax must be deposited in advance (estimated).
- The application needs to be submitted before starting the business, at least 5 days prior.
- In case of a foreign entity, the application must be accompanied with the Tax Identification number (similar to PAN) of the foreign entity in its home country.
Final Registration:-
Final registration can be obtained in similar way as normal registration by a resident taxable person as follows:-
- An application in FORM GST REG-26 needs to be submitted electronically if the person wishes to register under GST and any information that must be furnished needs to be furnished within 3 months.
- GST registration in FORM GST REG-06 is given if information is correct and complete or else, the officer will issue show cause in form GST REG-27. If the officer is not satisfied by the explanations given, he may cancel the provisional registration through FORM GST REG-28, If the reply is satisfactory, the notice is nullified by issuing an order through FOR GST REG – 20.
- Application must be signed by an authorized signatory who is a resident of India with valid PAN.
The above time limits for completion and compliance has been extended up to 31st August,2020 where the time limits fall between 20th March, 2020 to 30th August 2020.
A specimen of GST REG-09 is attached for reference purpose.
Kartik M Jain & Associates, CA in Pune is a professionally managed firm serving domestic and international clients providing services relating to direct and international taxation, indirect taxation, auditing and assurance and Consultancy. It is amongst the best CA firms in Pune. With a team of expert and experienced Professionals, The firm aims to provide quality and effective services. The firm provides complete end to end solutions to your complete business needs under one roof. Our sister Firm, Payal K Jain & Associates, a Company Secretary in Pune provides services in relation to Company Formation in Pune and across India, Corporate Law and Compliance, ROC filings, FEMA, Trademark Registration, etc.
Our Services :- GST consultation, Chartered accountant, Income Tax consultancy, Corporate law, International Taxation, Transfer Pricing, Regulatory & Advisory Services.
