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GST Registration

GST Registration

In India, GST (Goods and Service Tax) is a growing trend in the compliance world for business entities. It states that every entity from 1st July, 2017 onwards has to pay a certain amount of tax as GST to government chargeable on the taxable amount of supply made.This tax system in India was introduced by the government to simplify the tax implications faced by businesses and to come up with a common solution for problems like imposition of double taxation, misreporting of taxes etc. Based on certain slabs, GST is inclusive of different tax rates applicable on different goods and services identified through respective HSN Codes.

More about GST Registration:

  • GST Registration is an online process in which any person holding any business entity (Proprietorship/Partnership/LLP/Company) has to obtain unique GST registration number issued by the concerned tax authority to collect or pay taxes to government or avail Input tax credit (ITC).
  • Every registered taxpayer will be allotted a unique 15 digit GST Identification Number (GSTIN) comprising of the State Code and PAN Number of applicant. On successful registration, the taxpayer gets abided to follow and comply provisions & procedures stated in the CGST Act.
  • The act also provides the minimum registration criteria and specifies voluntary and compulsory registration for entities.

Who should apply for GST?

Under GST, liability for tax arises on supply of a good or service. Based on taxpayer’s business activities and service options the following need to get mandatorily registered under GST:
  • Having business turnover above the exemption limit
  • Interstate Suppliers
  • Casual Taxable Person (CTP).
  • E-Commerce Operator
  • Non-Resident Taxable Person.
  • Person liable to pay under the Reverse Charge Mechanism (RCM)
  • Person deducting TDS/TCS
  • Entities recognised under SEZs.

GST registration requirements


Documents required for Goods and Services Tax Registration (GST)/GSTN:

FOR COMPANY

  • Director’s PAN CARD- All Directors
  • Director’s Aadhar Card
  • Soft copy of Photograph
  • Board Resolution for Authorising any Director
  • PAN Card of Company
  • List of Sale & Purchase Items
  • Cancel Cheque
  • Certificate of Incorporation
  • Rent Agreement
  • Address Proof of Shop/Branch/Godown/Store: Anyone of the following (Should not be older than 2 months)
    • Electricity bill
    • Water tax
    • Municipal Tax/House Tax Bill

Digital Signature Certificate (DSC) of at least one director

FOR PARTNERSHIP/LLP FIRM

  • Partners’s PAN CARD- All Partners
  • Partners’s Aadhar Card
  • Soft copy of Photograph
  • Resolution for Authorising any Partner
  • PAN Card of Company
  • List of Sale & Purchase Items
  • Cancel Cheque
  • Partnership Deed/ COI of LLP
  • Rent Agreement
  • Address Proof of Shop/Branch/Godown/Store: Anyone of the following (Should not be older than 2 months)
    • Electricity bill
    • Water tax
    • Municipal Tax/House Tax BillDigital Signature Certificate (DSC) of at least one partner in case of LLP

FOR PROPRIETORSHIP FIRM

Following documents of proprietor:

  • PAN Card
  • Aadhar Card
  • Soft copy of Photograph
  • List of Sale & Purchase Items
  • Cancel Cheque
  • Rent Agreement in case of rented property or NOC if owned by relatives
  • Address Proof of Shop/Branch/Godown/Store: Anyone of the following (Should not be older than 2 months)
    • Electricity bill
    • Water tax
    • Municipal Tax/House Tax BillDigital Signature Certificate (DSC) of at least one partner in case of LLP