Goods and Services Tax (GST) is a comprehensive, multi-stage, destination-based tax levied on every value addition. Businesses in India whose turnover exceeds the threshold limit mandated by the government must register for GST. Registration involves obtaining a unique GSTIN (Goods and Services Tax Identification Number), which is required for collecting GST from customers and for claiming Input Tax Credit on purchases. GST registration ensures legal recognition as a supplier of goods or services, enhances compliance, and allows for smoother interstate trade by integrating various state and central taxes into a single tax regime.
Turnover Threshold:
*Businesses whose aggregate turnover exceeds ₹40 lakh in a financial year must register for GST.
*For service providers, the threshold is ₹20 lakh.
*For special category states, the threshold is ₹10 lakh.
Interstate Business:
*Any business engaged in the supply of goods or services across state lines must register for GST, regardless of turnover.
E-commerce Operators:
*E-commerce operators who facilitate the supply of goods and/or services must register for GST.
Casual Taxable Persons:
*Individuals who occasionally supply goods or services in a territory where they do not have a fixed place of business must register for GST.
Agents and Input Service Distributors:
*Agents supplying goods or services on behalf of other registered taxable persons must register.
*Input service distributors need to register.
Reverse Charge Mechanism:
*Persons required to pay tax under the reverse charge mechanism must register for GST.
Non-Resident Taxable Persons:
*Non-resident individuals or entities supplying goods or services in India must register for GST.
Businesses Making TDS/TCS Deductions:
*Businesses required to deduct tax at source (TDS) or collect tax at source (TCS) need to register for GST.
Voluntary Registration:
*Any business can voluntarily opt for GST registration even if it does not meet the mandatory criteria.
Other Specific Cases:
*Persons supplying online information and database access or retrieval services from a place outside India to a person in India who is not a registered taxable person must register.
*Persons who supply goods through e-commerce operators.
Service Providers:
Any person or entity who provides service of more than Rs.20 lakhs in aggregate turnover in a year is required to obtain GST registration. In special category states, the GST turnover limit for service providers has been fixed at Rs.10 lakhs.
Goods Suppliers:
As per notification No.10/2019 any person who is engaged in the exclusive supply of goods whose aggregate turnover crosses Rs.40 lakhs in a year is required to obtain GST registration. To be eligible for the Rs.40 lakhs turnover limit
Legitimacy:
Registering for GST enhances your business’s credibility and legitimacy in the eyes of customers, suppliers, and financial institutions.
Input Tax Credit (ITC)::
Registered businesses can claim ITC on GST paid on inputs, reducing the overall tax liability and improving cash flow.
Compliance::
GST registration ensures compliance with tax laws, avoiding penalties and legal repercussions.
Business Expansion::
GST registration enables businesses to participate in interstate trade without barriers, fostering expansion opportunities
Government Contracts::
Many government tenders and contracts require GST registration, increasing business access to such opportunities.
Competitive Edge::
GST-registered businesses can offer input tax credit benefits to customers, making their products or services more competitive in the market
Online Marketplaces:
Many e-commerce platforms mandate GST registration for sellers, facilitating access to online marketplaces and reaching a broader customer base
Company Documents:
* Certificate of Incorporation:
Issued by the Ministry of Corporate Affairs (MCA).
* Memorandum of Association (MoA) and Articles of Association (AoA):
These documents outline the company’s objectives and rules for its operations.
* Board Resolution:
Authorizing a director or authorized signatory to apply for GST registration on behalf of the company.
Identity and Address Proof of Directors/Authorized Signatories:
* PAN card of directors/authorized signatories.
* Aadhaar card or Passport or Voter ID or Driving License for address proof.
Proof of Place of Business:
* For owned property: Copy of electricity bill or property tax receipt or municipal khata copy.
* For rented/leased property: Rent agreement along with a copy of the landlord’s electricity bill or property tax receipt or municipal khata copy.
Bank Account Details:
* Scanned copy of the first page of the company’s bank passbook or a scanned copy of a canceled cheque bearing the name of the company and its bank account number.
Digital Signature Certificate (DSC):
* DSC of one of the authorized signatories.
Directors / Authorized Signatory Details:
* Passport size Photographs of all the Directors in JPEG format and the maximum size of the photo should be 100 KB
* Contact and email id details of the Directors/authorized signatory.
Optional Documents:
* Any additional documents required by the GST authorities based on the nature of the business, turnover, or other specific requirements.
LLP Documents:
*Certificate of Incorporation: Issued by the Ministry of Corporate Affairs (MCA).
*LLP Agreement: A document containing details of LLP partners, capital contribution, profit-sharing ratio, etc.
Identity and Address Proof of Designated partners:
*PAN card and Aadhaar card of all Designated partners.
Proof of Place of Business:
*For owned property: Copy of electricity bill or property tax receipt or municipal khata copy.
*For rented/leased property: Rent agreement along with a copy of the landlord’s electricity bill or property tax receipt or municipal khata copy.
Bank Account Details:
*Scanned copy of the first page of the LLP’s bank passbook or a scanned copy of a canceled cheque bearing the name of the LLP and its bank account number.
Digital Signature Certificate (DSC):
*DSC of one of the designated partners.
Designated partners/ Authorized Signatory Details:
*Passport size Photographs of all the designated partners in JPEG format and the maximum size of the photo should be 100 KB
*contact and email id details of the designated partners/authorized signatory.
Optional Documents:
*Any additional documents required by the GST authorities based on the nature of the business, turnover, or other specific requirements.
Company Documents:
*Certificate of Incorporation:
Issued by the Ministry of Corporate Affairs (MCA).
*Memorandum of Association (MoA) and Articles of Association (AoA):
These documents outline the company’s objectives and rules for its operations.
*Board Resolution:
Authorizing a director or authorized signatory to apply for GST registration on behalf of the company.
Identity and Address Proof of Directors/Authorized Signatories:
*PAN card of directors/authorized signatories.
*Aadhaar card or Passport or Voter ID or Driving License for address proof.
Proof of Registered Office Address:
*For owned property: Copy of electricity bill or property tax receipt or municipal khata copy.
*For rented/leased property: Rent agreement along with a copy of the landlord’s electricity bill or property tax receipt or municipal khata copy.
Bank Account Details:
*Scanned copy of the first page of the company’s bank passbook or a scanned copy of a canceled cheque bearing the name of the company and its bank account number.
Digital Signature Certificate (DSC):
*DSC of one of the authorized signatories.
Directors / Authorized Signatory Details:
*Passport size Photographs of all the Directors in JPEG format and the maximum size of the photo should be 100 KB
*Contact and email id details of the Directors/authorized signatory.
Optional Documents:
*Any additional documents required by the GST authorities based on the nature of the business, turnover, or other specific requirements.
Partnership Deed:
*A partnership deed is a legal document that outlines the terms and conditions of the partnership, including the names of partners, profit-sharing ratio, capital contribution, etc.
Identity Proof of Partners:
*PAN card of all partners.
*Aadhaar card or Passport or Voter ID or Driving License for address proof.
Proof of Place of Business:
*For owned property: Copy of electricity bill or property tax receipt or municipal khata copy.
*For rented/leased property: Rent agreement along with a copy of the landlord’s electricity bill or property tax receipt or municipal khata copy.
Bank Account Details:
*Scanned copy of the first page of the partnership firm’s bank passbook or a scanned copy of a canceled cheque bearing the name of the partnership firm and its bank account number.
Partners / Authorized Signatory Details:
*Passport size Photographs of all the Partners in JPEG format and the maximum size of the photo should be 100 KB
*Contact and email id details of the Partners /authorized signatory.
Digital Signature Certificate (DSC):
*DSC of one of the authorized signatories.
Optional Documents:
*Any additional documents required by the GST authorities based on the nature of the business, turnover, or other specific requirements.
Identity Proof of Proprietor:
*PAN card of the proprietor.
*Aadhaar card or Passport or Voter ID or Driving License for address proof of the proprietor.
Proof of Place of Business:
*For owned property: Copy of electricity bill or property tax receipt or municipal khata copy.
*For rented/leased property: Rent agreement along with a copy of the landlord’s electricity bill or property tax receipt or municipal khata copy.
Photographs:
*Passport size Photographs of all the proprietor in JPEG format and the maximum size of the photo should be 100 KB;
Bank Account Details:
*Scanned copy of the first page of the proprietorship firm’s bank passbook or a scanned copy of a canceled cheque bearing the name of the proprietorship firm and its bank account number.
Authorized Signatory Details:
*Photograph and contact details of the proprietor.
Digital Signature Certificate (DSC):
*DSC is not mandatory for sole proprietors.
Optional Documents:
*Any additional documents required by the GST authorities based on the nature of the business, turnover, or other specific requirements.
You can obtain your GST registration online. Enter your name, phone number and email to being the process.
Upon receiving your request, an expert will contact you to understand your business activities. They will provide detailed information about GST filing and other registration requirements.
The expert will also ask for documents and verify them for the GST registration to ensure a smooth registration process.
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