GST Registration

GST Registration is a mandatory tax registration for all businesses who involve in buying and selling with annual sales greater than 20 lacs rupees or providing services in India.

On 1st July 2017, Goods and Services Tax (GST) was introduced by the Indian government to subsume different types of State and Central level taxes such as Service Tax, Luxury tax, VAT, entertainment tax, etc. to offer a consolidated tax structure. This step is aimed to introduce much-needed tax reforms in the Indian tax structure by reducing tax complexities and making the filing of GST returns a completely online process. GST is mandatory for any person with annual turnover exceeds Rs. 20 lacs. Entities located in special category states that have an annual turnover of Rs. 10 lacs are mandated to have GST as well. Those entities which are involved in the sale of goods and services via an e-commerce platform must also register for GST, irrespective of their annual turnover. Apart from this, any person making interstate sales also needs to register for GST. GST helps each step of the supply chain to gain an input tax credit for taxes paid on purchases and also helps entities to collect GST from customers. Any entities apply for GST within 30 days from the date on which entities become liable to register under GST. For Casual Taxable persons and foreigners are required to be registered under GST before starting their business.

Advantages of GST Registration

• Collection of taxes – GST registration helps to collect taxes from customers also pass on the tax credit to customers on purchases made.

• Input Tax Credit – A customer can claim ITC (Input Tax Credit) for taxes paid on purchases and can utilize the same credit towards payment of due taxes.

• Seamless Flow – At the national level, GST helps the seamless flow of ITC towards recipients from suppliers.

Documents Required For GST Registration

For Proprietorship:

Copy of PAN card (mandatory).

Proprietor identity proof:

• Passport.

• Aadhar card.

• Voter ID.

• Driving license.

Proprietor address proof:

• Copy of Telephone/Mobile or Electricity bill.

• Bank Account Statement (Less than 2 months old).

Proprietorship Address Proof:

• Telephone/Mobile/Electricity/Gas bill (Less than 2 months old).

• In case of rented premises a notarized copy of Rent Agreement with a No-Objection Certificate (NOC) for conducting business.

• In the case of self-owned premises registered title document.

For LLP (Limited Liability Partnership):

• Copy of LLP PAN card.

• LLP Agreement.

• LLP Partners’ names.

LLP Partners’ address proof

• Passport.

• Aadhar card.

• Voter ID.

• Driving license.

For Private Limited Company (PLC):

• Copy of Company PAN card.

• COI (Certificate of incorporation).

• MoA/AoA.

• Board resolution duly signed.

Company Director of Identity Proof:

• Copy of PAN card (Mandatory).

• Passport.

• Aadhar card.

• Voter ID.

• Driving license.

Address Proof:

• Copy of Telephone/Mobile or Electricity bill.

• Bank Account Statement (Less than 2 months old).

Company Address Proof:

• Telephone/Mobile/Electricity/Gas bill (Less than 2 months old).

• In case of rented premises a notarized copy of Rent Agreement with a No-Objection Certificate (NOC) for conducting business.

• In the case of self-owned premises registered title document.

Also, read more about "GST Registration For Foreigners"