Goods and Services Tax (GST)
Skill Development Activities
1. Prepare a Tax Invoice under GST Act
2. Write the procedure for Registration under GST
3. Prepare a Chart showing rates of GST
4. Compute the Taxable Value and Tax Liability with imaginary figures under
CGSR, SGST and IGST
5. List out the Exempted Goods & Services under GST
1. Prepare a Tax Invoice under GST Act
Tax Invoice
2. Write the procedure for Registration under GST
Procedure for GST Registration
Steps for GST Registration - Steps by Steps
For obtaining GST Registration a Company has to file an application a Form GST
REG-01 at the GST common portal with required Details and documents for GST
Registration. GST Registration is a 100% online process and there is no requirement
of submission of physical documents to GST Department.
GST Registration Steps
STEP-1: Application at GST Common Portal
The applicant declare his Permanent Account Number, mobile number, e-mail
address and place of registration in Part A of Form GST REG-01 at the GST
common portal.
The Permanent Account Number shall be validated online by the common
portal from the database maintained by the Central Board of Direct Taxes.
The mobile number shall be verified through a one-time password sent to the
said mobile number; an
The e-mail address declared shall be verified through a separate one-time
password sent to the said e-mail address.
On successful verification of PAN, Mobile Number and E-mail address, a Temporary
Reference Number (TRN) shall be generated and communicated to the applicant on
mobile number and e-mail address.
STEP-2: Submission of Documents at GST Common Portal
Using the Temporary Reference Number (TRN), the applicant has to submit an
application in Part B of Form GST REG-01 with required documents at the common
portal duly signed and verified with Digital Signature
STEP-3: Acknowledgement of Application
On receipt of an application an acknowledgement shall be issued electronically to
the applicant in Form GST REG-02.
STEP-4: Verification of the application and approval
The proper officer shall examine the application and the submitted documents within
three days application and if the same are found to be in order, shall approve the
grant of registration to the applicant.
The timeline may vary from time to time. However the result of processing will be
generally available in 7-10 working days of application.
If there is any deficiency in the application or if the officer requires any clarification on
any information provided in the application or documents furnished, he may issue a
notice to the applicant electronically in FORM GST REG-03
The Applicant has to file required details and clarification documents electronically, in
FORM GST REG-04 within a period of 7 working days from the date of receipt of
such notice.
If there no reply is furnished by the applicant within the stipulated time or where the
proper officer is not satisfied with the clarification, the application shall be rejected by
the officer and the same will be communicated to the applicant electronically in Form
GST REG-05.
STEP-5: Issue of GST Registration certificate
After verification of the application by the officer and if the application has been
approved, a certificate of registration in Form GST REG-06 shall be issued to the
applicant on the common portal and a Goods and Services Tax Identification
Number (GSTIN) shall be assigned to the applicant.
Certificate of GST Registration shall be duly signed or verified through electronic
verification code by the officer under the Act. There will not be any physical
certificate issued by the GST Department.
Certificate of GST Registration shall be duly signed or verified through
electronic verification code by the officer under the Act. There will not be any
physical certificate issued by the GST Department.
Components of GSTIN
GSTIN is a 15 digit alphanumerical number. The Components of GSTIN is as
follows:
First two characters for the State code
Next Ten characters for the Permanent Account Number or the Tax Deduction
and Collection Account Number of Applicant
Next two characters for the entity code;
Last one a checksum character.
3. Prepare a Chart showing rates of GST
4. Compute the Taxable Value and Tax Liability with imaginary
figures under CGSR, SGST and IGST
5. List out the Exempted Goods & Services under GST
A. EXEMPTED GOODS IN GST EXEMPTION LIST
List of some commonly exempted goods under GST:
Food Fruits and vegetables, cereals, meat and fish, potatoes and other
edible tubers and roots, tender coconut, tea leaves, jaggery, coffee
beans, ginger, turmeric, milk, curd, etc.
Raw materials Silk waste, raw silk, raw jute fibre, unprocessed wool, handloom
fabrics, cotton for khadi yarn, khadi, charcoal, and firewood.
Tools/Instruments Shovels, spades, agricultural tools, handmade musical instruments,
hearing aids, and tools used by physically challenged individuals.
Miscellaneous Contraceptives, semen, human blood, vaccines, organic manure,
earthen pots, beehives, live animals (except horses), maps, books,
journals, newspapers, non-judicial stamps, kites, and pooja props.
Grains Wheat, rice, oats, barley, etc.
Fish Fresh or frozen
Cosmetic products Bindi, kajal,etc./ Plastic or glass bangles
& Ornaments
B. Exempted Services under GST
List of GST exempted services in India:
Foreign diplomatic and government services
Labour supply for farms
Services offered by IRDAI, RBI, NPS, Central and State Government, NPS
and others
Services like pre-conditioning, waxing, retail packing, etc.
Auto-rickshaws, public transportation services, metered cabs, metro, etc.
Transportation of agricultural products and goods outside of India
Goods transportation where the charges are less than Rs.1500
Under the Pradhan Mantri Jan-Dhan Yojana (PMJDY), banking services like
Basic Saving Bank Deposit (BSBD) account operable
Ambulance and charity services and healthcare and educational services
such as mid-day meal catering, VET clinics, paramedics, etc. qualify for
exemption under GST
GST exempt services such as agricultural services, includes warehouse,
cultivation, harvesting, packaging, supply, leasing of machinery, horse
rearing, etc.
Sports organisation, tour guides, religious ceremonies, and libraries are
exempted under GST
