For non-resident taxable individuals who make taxable supplies in India, GST registration is required. With India’s rise as an economic powerhouse, many non-resident Indians are eager to establish businesses in the country. As a result, whenever a non-resident taxable person engages in transactions involving the provision of goods or services, or both, he must register for GST.
As a result, a person who is residing outside of India, as well as a foreign firm or organization that supplies foods or services in India, is deemed a non-resident taxable person who must adhere to all of the restrictions set forth in the Goods and Service Law Act. Non-resident taxable persons must designate a nominee in India who may carry out GST compliance on their behalf. Foreigners must get GST registration five days before to starting their firm.
Why should you register for GST?
The Goods and Services Tax Act was enacted by the Indian government to bring together several types of taxes levied at the federal and state levels, such as Service Tax, Luxury Tax, VAT, amusement tax, and so on, under a single unified framework. Non-resident Indians who engage in transactional operations related to services and products should register as taxable persons under GST. The Goods and Service Tax Act has made conducting business easier. The GST has simplified taxation by combining several levies into a single, basic system.
Who is eligible to register as a non-resident taxpayer in India under the GST?
A non-resident taxable person must register for GST in India regardless of their annual turnover. It’s worth noting that all non-resident taxpayers must register for GST five days before starting their firm. It is preferable if a foreign company selling products and services registers for GST as soon as possible. It should be emphasized that the NRI cannot use the composition scheme’s option to pay taxes.
What papers are needed to apply for GST registration?
The following papers must be submitted in order to register for GST as a non-resident taxable person.
Principal place of business proof
- For a personal business: any document proving ownership of the premises, such as the most recent tax property, the municipal khata, or a copy of the utility bill.
- For rented or leased premises: A copy of the current rent or lease agreement together with any document proving the lessor’s ownership of the premises, such as a property tax receipt, a municipal khata copy, or an electricity bill.
- A copy of the consent letter: Along with a document proving the consenter’s ownership of the property, such as a municipal khata or a copy of the power bill. The same documents may be posted for shared properties as well.
It is important to transmit a scanned copy of the non-resident taxable person’s passport together with the VISA information. If a business entity is formed or founded outside of India, the application for registration must be accompanied by the tax identification number or the unique number that the government of that nation uses to identify the entity, or the PAN if one is available.
- A person having the attorney power with the authorization certificate in the case of the Company/ Society/ LLC/ FCNR etc.
- A scanned copy of the company’s incorporation certificate is filed either outside or inside India.
- If available, a scanned copy of the license issued by the other jurisdiction.
- If available, a scanned copy of the clearance certificate issued by the Government of India.
Evidence of a bank account
The opening page of the bank passbook held in the name of the business that contains the Account number, name of the account holder, MICR, IFSC code, and branch details, scanned copy of the first page of the bank passbook or one page of the bank statement, the opening page of the bank passbook held in the name of the business that contains the Account number, name of the account holder, MICR, IFSC code, and branch details.
How do foreigners apply for GST registration?
- To apply for GST registration in India, the applicant must submit the GST REG 09 form. For international firms or applicants to file for GST registration, they must first designate a person in India who will function as the approved representative for GST compliance and get a PAN (which is optional).
- According to the Goods and Services Tax Act, a GST application must be filed by a non-resident taxable person and signed by an authorized signatory who must be a resident of India with a valid PAN.
- The GST registration for the non-resident taxable person can be handled once the authorized signatory has been appointed. GST registration is based on the PAN for regular taxpayers, however for non-resident taxable persons, the Tax Identification Number or Unique Number based on which the entity is identified by the government of that nation or the PAN is required.
What is a non-resident taxpayer’s GST deposit?
Under the GST, non-resident taxable people and casual taxable persons must pay a registration deposit of a specific amount. The GST registration deposit will be equivalent to the anticipated tax liability throughout the registration’s validity period. If a non-resident taxable person requests an extension, he must pay the tax in advance based on the anticipated tax burden for the extended period. Click here to learn more about GST registration deposits.
An application reference number will be produced when the GST registrations are filed, and this number will be used to pay the advance tax. The taxpayer’s electronic cash ledger is credited when the tax is paid, and the certificate is issued.
What is the process for foreigners to register for GST?
The GST registration that is acquired has validity over the GST registration that is obtained for foreigners and casual taxable persons. The validity period is determined by the taxable person’s request and the amount of the remitted GST deposit.
If a non-resident taxable person wishes to prolong the validity term of his or her GST registration, he or she must submit an application in Form GST REG 11 before the expiration date.
Important instructions for non-resident taxpayers who want to file for GST registration as foreigners.
- The applicant’s name must be typed exactly as it appears on the passport.
- At least five days before the start of the company, the applicant must register for GST registration on the common platform by submitting form GST REG-09.
- In the event of a business entity formed or founded outside India, a tax identification number / unique number (number by which the appropriate government recognizes the firm) or PAN (if applicable) must be supplied with the application.
- The application must be properly signed or EVC certified.
If you are a non resident taxable person looking for GST registration services in Tambaram, Chennai then you have landed on the right place to register under GST before commencing business.