Something you need to add via the Programs & Features. Check out the link below that solved my issue. Just follow the steps below and you should get it.
Quoted from the link:
Once in the Programs and Features window, hit the "Turn Windows Features on or off" in the left pane.
Now scroll down through the tree and find:
Internet Information Services > World Wide Web Services > Application Development Features ...and then check all the relevant features you require. I chose .NET 3.5 and 4.6.
http://modelrail.otenko.com/electronics/asp-net-4-5-has-not-been-registered-on-the-web-server