Gst Registration

What are the eligibility criteria for registering for GST?

Under the new GST regime, all organizations that buy or sell products, provide services, or both must get GST registration. Entities without GST registration are not permitted to collect GST from customers, claim an input tax credit for GST paid, or be penalties.

A below-mentioned list will help you understand your eligibility for GST:

  1. Your company's turnover exceeds INR 20 lac (Rs 10 lac for Special category states) in a financial year.
  2. Already registered under any of the existing indirect tax systems (VAT, Excise, and Service Tax Laws), regardless of the limit
  3. Existing taxpayers have been supplied with a Provisional ID and Password to complete GST migration processes (within 6 months) and production of GSTIN by the respective tax agencies.
  4. Doing business in multiple states
  5. Have multiple company verticals in the same state.
     
  6. Have an interstate sale of taxable goods
  7. Non-resident taxable persons
  8. Casual taxable individuals [A person who occasionally supplies goods or services but does not have an established place of business. For example, a fireworks shop set up around Diwali.]
  9. Required to pay tax under the Reverse Charge.
     
  10. Required to deduct tax at the source.
  11. Agents of a supplier
  12. Input Service Distributor
  13. In the business of E-commerce. E.g.: Flipkart, Amazon, Ola (Operator/Aggregator)
  14. Supplying goods or services through an E-commerce portal
  15. In the business of supplying online information and database access or retrieval services
    1. From outside India to a person in India
  16. Supplying non-taxable products or are in the export business
    1. Applicable to the export of those software that were previously untaxed

What are the documents required for registration under GST?

There are several documents that will be required to register for GST. Below mentioned is a detailed list of the same.

1. PAN Card of the Business or Applicant

This is because GSTIN (Goods & Service Tax Identification Number) is linked to the PAN of the business.

2. Identity and Address Proof of Promoters

Documents like PAN, Passport, Driving license, Aadhaar card or Voter identity card of all the directors, partners, or promoters must be submitted for Identity proof and address proof.

3. Business Registration Document

All documents verifying the registration of the business must be submitted by all registered entities. The documents may differ depending on the type of registration.

  1. Private Limited Company: Certificate of Incorporation, Memorandum of Articles and Articles of Association
  2. Limited Liability Partnership: Certificate of Incorporation and LLP Agreement

4. Address Proof for Place of Business

All documents that verify the place of business operations mentioned in the GST registration application must be submitted. These include rental agreements or sale deeds, copies of electricity bills or latest property tax receipts or municipal khata copy.

5. Bank Account Proof

An attested and scanned copy of the first page of the bank passbook must be submitted. This copy must be for the bank account mentioned in the registration application and must also include a few transactions and the address of the business.

6. Digital Signature

All GST registration applications are mandatorily required to be signed and submitted by an authorized signatory using Class 2 or 3 digital signatures. In the case of proprietorship, a digital signature is not required.

 

Frequently Asked Questions :

Answer: Any business or individual engaged in the supply of goods or services must register for GST if their annual turnover exceeds ?20 lakh (?10 lakh in special category states). Additionally, the following categories must also reg

Answer: Yes, if a business operates in more than one state, it must apply for separate GST registrations in each state where it has a place of business.

Answer: Goods and Services Tax (GST) is a comprehensive, destination-based indirect tax levied on the supply of goods and services in India. It has replaced multiple indirect taxes like VAT, service tax, excise duty, etc.

Answer: Yes, GST registration can be rejected if the information provided is incorrect, incomplete, or if the applicant does not meet the eligibility criteria. In such cases, you will receive a rejection notice, and you can reapply a

Answer: The following documents are generally required for GST registration: PAN card of the business or applicant Proof of business registration (such as partnership deed, certificate of incorporation, etc.) Identity proof (Aad

Answer: Yes. Under Sub-Section (2) of Section 25, individuals with several places of business in a State or UT may obtain separate registrations for each location, subject to registration rules.

Answer: Central GST (CGST): The central government collects data on intra-state sales. State GST (SGST): The state government collects sales taxes on intrastate transactions. Integrated GST (IGST): The central government c

Answer: Yes, GST registration can be canceled if: The business has been closed or transferred. The taxpayer no longer meets the requirements for required registration. Voluntary cancelation is also an option in some cases.

Answer: After submitting your application, you can track its status using the ARN (Application Reference Number) in the GST portal's "Track Application Status" option.

Answer: Once you submit your application with the correct documents, the GST registration is normally done within 2-7 working days, and you will obtain your GSTIN.

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