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Indian economy experienced the biggest taxation reform on 1st July 2017 called the Goods and Service (GST). With the introduction of GST whole taxation system of India was shaken. There are a lot of aspects including the GST registration, filing monthly returns, rates applicable, compliance etc about which people are still the skeptic. With this blog, we will provide you a comprehensive guide to the documents required for GST registration.
None of the biggest reforms can be bought and implemented overnight. It takes a lot of efforts and time to become completely familiar with the multiple aspects of new regimes. Goods and service tax is one such reform that requires time to be adequately implemented. The crucial motive behind its introduction is to boost the economic growth of India and scrap all the indirect taxes that add to the total overhead cost. Prior to obtaining GST registration, it is important for a taxable person to understand the various aspects of this new regime.
The first thing to be understood here is the concept of GST. Good and Services Tax (GST) is a type of indirect tax that will be levied on all the goods and services. This tax will subsume the various other taxes including service tax, excise duty, VAT, entry tax and customs duty. The person undertaking the supply of goods and services is first required to obtain registration and then comply with its provisions. However, not everybody requires registration. In the section below we have explained the registration requirement of GST in India.
GST registration is required to be obtained by any person who is supplying taxable goods and services to any person in India and his annual aggregate turnover limit is more than Rs 20 Lakhs. However, this threshold limit is Rs 10 Lakhs for certain hill stations and northeastern states. In addition to this, a person is also required to obtain GST registration if he is undertaking interstate supply of goods or services or have an existing VAT or service tax or central excise registration.
For obtaining the GST registration every person or entity is required to submit following documents with the department-
For obtaining GST registration the PAN number of both the business and the authorized signatory or applicant is required.
Following identity proof and address, proof are also required to be submitted by the authorized signatory/applicant (Directors/ Partners/ Proprietor)-
Identity Proof- Passport/ driving License/Adhar Card/ Voter ID card
Address Proof- Passport/ driving License/Adhar Card/ Voter ID card/ Ration card
When a business entity requires GST registration it must submit the proof of business. For partnership firm partnership deed must be submitted, for LLP or company certificate of incorporation must be submitted. While for another type of organization including society, trust and clubs etc registration certificate must be submitted.
To validate the address of the business mentioned in GST registration application following documents must be submitted-
For the self-owned premises documents like latest Property Tax Receipt or Municipal Khata copy or the copy of Electricity Bill can be submitted.
In case of rented premises, a valid copy of the rental agreement along with valid address proof shall be submitted. In case the valid rent deed is not available then an affidavit to that effect along with any document in support of the possession of the premises like the copy of electricity bill can also be submitted.
The certificates issued by the government of India shall be submitted if the principal place of business is located in an SEZ or the applicant is an SEZ developer.
In all other cases a copy of the consent letter of the owner of the premises with any document in support of the ownership of the premises can be submitted.
For the bank account proof, the scanned copy of the first page or the relevant page of bank statement can be submitted. Also, the scanned copy of the canceled cheque containing the name of the Proprietor or Business entity, Bank Account No., MICR, IFSC and Branch details including code can be submitted.
It is mandatory that all application for GST registration must be digitally signed with a Class 2 Digital Signature. Thus the authorized signatory must obtain a valid DSC number.
Are you still doubtful about any aspects of GST? You can seek help from the experts at Registrationwala to obtain GST registration in India seamlessly.
Also read: Understanding Dubai's Tax System for Business Owners
Hey there, I'm Dushyant Sharma. With the extensive knowledge I've gained in past 8 years, I have been creating content on various subjects such as banking, insurance, telecom, and all the important registration and licensing processes for various companies. I'm here to help everyone with my expertise in these areas through my articles.
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