GOODS & SERVICE TAX REGISTRATION

Process for GST Registration:

Please provide following details:

1. 1. Business Details 
   2. Promoters/Partners/Prop.
   3. Authorized Signatory
   4. Authorized Representative 
   5. Principal Place of Business 
   6. Additional Place of Business 
   7. Goods and Services
   8. Verification

• Checking of application status regularly and filing of clarifications/objections if asked. 

Documents Required for GST Registration

For Sole Proprietorship / Individual

• Aadhaar card, PAN card, and a photograph of the sole proprietor
• Details of Bank account or a cancelled cheque
• Office Address Proof – Copy of electricity bill, Rent agreement and NOC (No objection certificate) from the owner.
• Name of firm and List of Items

For Partnership Firm/LLP Agreement

• Aadhaar card, PAN card, Photographs of all partners.
• PAN card of the firm and LLP
• Details of Bank or canceled cheque
• Office Address Proof – Copy of electricity bill, Rent agreement and NOC (No objection certificate) from the owner.
• In the case of Partnership firm- Partnership deed
• In the case of LLP- Registration Certificate of the LLP
• Copy of board resolution/ Appointment Proof of authorized signatory- letter of authorization

For Private limited/Public limited/One person company

• Company’s PAN card
• Certificate of Registration
• MOA (Memorandum of Association) /AOA (Articles of Association)
• Aadhar card, PAN card, a photograph of all Directors
• Details of Bank or a cancelled cheque
• Office Address Proof – Copy of electricity bill, rent agreement and NOC (No objection certificate) from the owner.
• Appointment Proof of authorized signatory- letter of authorization

For HUF

• A copy of the PAN card of HUF
• Aadhar card and PAN Card of Karta
• Photograph
• Office Address proof – Copy of electricity bill, rent agreement and NOC (No objection certificate) from the owner.
• Details of Bank or a copy of a cancelled cheque

What is the Composition scheme under GST?

A firm with a yearly turnover of up to Rs. 1.5 crore (Rs. 75 Lakhs for the Special Category States) can opt for Composition scheme and it’s features are as follows:

• Composition dealers require paying nominal tax rates depend on the business carried by them. (A maximum of 2% for manufacturers, 5% for the restaurant service sector, and 1% for other suppliers.)
• Composition dealers need to file only quarterly return (as compare to the monthly returns filed by normal taxpayers).
• They can’t issue tax invoices. It’s means, they cannot collect tax from their customers and they have to pay the tax out of their gross receipts.
• They cannot issue Tax Invoices so they cannot provide their customers benefit of Input Tax Credit.

Is GST Registration mandatory or not?

GST Registration is mandatory for following persons:

• Turnover for Goods supplier – If sales or turnover of goods is more than Rs. 40 lakh per annum then GST Registration is compulsory. For the special Category States, the limit is Rs. 20 lakh per annum.

• Turnover for Service Provider – In case of service provider, turnover is more than Rs. 20 lakh per annum then GST Registration is compulsory. For the Special Category States, the limit is Rs. 10 lakh in a year

• Casual Taxpayer – If person supply goods or services, in any events/exhibitions, and not have a permanent place of working. In such cases, GST is charged based on a predicted turnover of 90 days. 

• Input Service Distributor (ISD) – An ISD for Input Tax Credit distribution, need GST Registration.

• Reverse Charge Mechanism (RCM) – Businesses who need to pay taxes under RCM also require to be GST registered.

• E-Commerce Portals & Sellers – Every e-commerce portal’s all vendors, require a GST Registration.

• Inter-State Operations – Persons making a inter-state supply, whatever the turnover, required to get registered.

Voluntary GST Registration – Any person can get GST registration voluntary also.

What is GSTIN?

GSTIN is a unique 15-digit alphanumeric code that is issued to every Individual/Prop. Firm/Partnership Firm/Company who applied for GST registration.