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What is the validity of GST Registration certificat1

Discover the importance of ensuring the validity of GST Registration Certificate. Stay compliant and avoid complications with our insights.

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What is the validity of GST Registration certificat1

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  1. What is the validity of GST Registration certificate? The validity of GST registration certificate for standard taxpayers is for life, until the tax authorities cancel it, or the taxpayer voluntarily cancels it. Using the same GST Certificate, taxpayers can seek the revocation or cancellation of their Goods and Services Tax (GST) registration. The validity of GST Registration Certificate is 90-day for non-resident and casual taxable individuals. The certificate for regular taxpayers has no expiration as long as the GST registration is active and not surrendered or cancelled. What is GST Registration Certificate? The GST Registration Certificate also known as Form GST REG-06, acts as your business’s official ID within the GST system. It verifies your registration, allowing you to collect GST from customers, claim tax credits on purchases (reducing your tax burden), and file GST returns. This essential document fosters trust with partners and authorities, and while its validity usually has no expiry for regular businesses, it might be limited for specific categories. You can conveniently download a soft copy electronically through the GST portal. What is the importance of GST Certificate? Under the GST system, a GST Certificate acts as a proof of registration. Before starting trading and collecting tax, businesses must obtain this certificate.

  2. The GST registration certificate is one of the important certificates for businesses operating in India. There are some benefits of obtaining a valid GST registration certificate. This certificate will increase the credibility among customers as well as suppliers. How to extend the validity of GST Registration Certificate? The casual taxable person and the non-resident taxable person must take the following actions in order to request an extension of the time limit or validity of GST Registration Certificate. •Click the Services tab in the GST portal. •Under Registration, select Application for Extension of Registration Period by Casual/Non-Resident Taxable Person. •The user will now be directed to the registration page’s extension, which has two more tabs i.e. Business Details and Verification tabs. •Select the extension term under the business details tab using the calendar provided. •Enter the turnover information now as well, including the anticipated turnover and net tax liability for the duration of the extension. •To pay the tax liability in advance and deposit it in the electronic cash ledger, select the generate challan option. •Following payment, the amount would appear on the screen. You will see click and continue button, just click it. •Proceed to the Verification tab to complete the authentication and verification process. •To verify, click the checkbox. Select the allocated authorized signatory’s name here, and then use the Digital Signature Certificate (DSC) or Electronic Verification Code (EVC) for authentication. •An application submission success message will appear on the screen following the completion of the authentication process via DSC or EVC One Time Password (OTP). The following tools are available for tracking the status of an application: Services > Sign Up > Monitor Status of Application. How to download GST Registration Certificate?

  3. Follow these steps to obtain your GST certificate: •Visit the official GST portal and login to your account. •Navigate to the services tab. •Select user services from the dropdown menu. •Click on the view/download certificate. •Finally, click on the download button to save the GST Certificate. What are the benefits of a GST certificate? •The certificate is evidence that a business is registered under Goods and Services Tax Act and is compliant with the prevailing laws. •With a valid GST registration certificate, business entities are authorized to collect GST from their customers and remit it to the government. •Registered business entities can claim Input Tax Credits (ITCs) for taxes already paid on goods and services procured for the purpose of business. This aids in reducing the overall tax liability. •GST Certification enhances the credibility of a business in the eyes of suppliers, customers and other stake holders. Conclusion For companies doing business in India, obtaining and keeping a valid GST registration certificate is essential. It gives companies the ability to collect and pay GST, acts as evidence of conformity with the GST law, and permits them to claim ITC. Smooth business operations depend on knowing the validity of GST registration certificate and making sure it is renewed before it expires. Businesses can prove their legitimacy and successfully comply with GST requirements by completing the registration process and obtaining the certificate from the GST portal.

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