Procedure for Registration under GST Act
1. Visit the GST portal: Go to the official GST portal and click on the 'New Registration' option.
2. Fill in the details: Provide all the required information such as PAN, email, and mobile number.
3. Verification: OTP verification will be done on the registered mobile number and email ID.
4. Submit documents: Upload the necessary documents like business registration proof, address proof, bank account details, etc.
5. Application processing: The application will be reviewed by the GST department, and if everything is in order, the registration certificate will be issued.

Impact of Getting Registered or Not
- Input tax credit: Registered businesses can claim input tax credit on purchases, which helps in reducing the overall tax liability.
- Legal compliance: Non-registration can lead to legal implications and penalties imposed by the tax authorities.
- Business credibility: Being registered under GST enhances the credibility of the business in the eyes of suppliers, customers, and financial institutions.
- Market access: Many businesses require GST registration to participate in government tenders or to carry out interstate transactions.
- Seamless operations: Registered businesses can enjoy seamless operations without any hindrance from the tax authorities.
In conclusion, getting registered under the GST Act is crucial for businesses to enjoy the benefits of input tax credit, legal compliance, enhanced credibility, market access, and seamless operations. Failure to register can lead to penalties, legal issues, and restricted market opportunities.