GST Registration is a vital requirement for businesses in India, and there is often a sense of urgency or “desperation” around getting registered for a variety of reasons. Whether it’s for legal compliance, avoiding penalties, or gaining competitive advantages, the process is crucial for businesses operating in the modern tax system.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
Simple Registration Process
The GST is an all-in-one tax that subsumes a variety of state (VAT, Entertainment Tax, Luxury Tax, Octroi) and central taxes (CST, Service Tax, Excise Duty).
What is GST Registration?
The much anticipated GST rollout is set to happen during the Financial Year 2017-18, cutting compliance and improving ease of doing business for millions of small businesses in India. By abolishing and subsuming multiple taxes into a single system, tax complexities would be reduced while tax base is increased substantially. Under the new GST regime, all entities involved in buying or selling goods or providing services or both are required to obtain GST registration. Entities without GST registration would not be allowed to collect GST from customer or claim input tax credit of GST paid. Further, GST registration is mandatory once an entity crosses the minimum threshold turnover of starts a new business that is expected to cross the prescribed turnover.
Documents Required for GST Registration
Individual / Proprietorship
- PAN card of individual
- ID proof and address proof of Individual
- Passport size Photograph of applicant
- Bank Details – Copy of cancelled cheque or first page of Pass Book or first page of recent bank statement
- Registered Office Documents- Copy of ELECTRICITY BILL/LANDLINE BILL, WATER BILL etc in the name of applicant
- Registered Office Ownership Document- In case of rented premises RENT AGREEMENT is required otherwise NOC.
- Any other license obtained from other department (PT, IEC, shop & establishment etc)
- Firm’s Name & List of goods or services in which dealings.
Partnership / LLP
- Partnership/LLP Pan card
- List of goods or services in which dealings.
- Incorporation Certificate of the company (COI)
- Bank Details – Copy of cancelled cheque or first page of Pass Book or first page of recent bank statement
- Copy of resolution passed by Partners
- Registered Office Documents- Copy of electricity bill/landline bill, water Bill in the name of company/LLP etc. or in case the premises is rented, Rent agreement is required.
- PAN and ID proof of Partners
- Passport size Photographs of Partners & AR
- Any other license obtained from other department (PT, IEC, shop & establishment etc)
- Digital Signature of applicant partner/AR
Company
- Company’s Pan card
- List of goods or services in which dealings.
- Incorporation Certificate of the company (COI)
- Bank Details – Copy of cancelled cheque or first page of Pass Book or first page of recent bank statement
- Copy of resolution passed by Board of directors
- Registered Office Documents- Copy of electricity bill/landline bill, water Bill in the name of company etc. or in case the premises is rented, Rent agreement is required.
- PAN and ID proof of directors
- Passport size Photographs of directors & AR
- Any other license obtained from other department (PT, IEC, shop & establishment etc)
- Digital Signature of applicant director/AR