What are the eligibility criteria to register for GST?

Under the new GST regime, all entities involved in buying or selling goods, providing services or both are required to obtain GST registration. Entities without GST registration would not be allowed to collect GST from a customer, claim input tax credit of GST paid and could even be penalized.

Below mentioned list will help you understand your eligibility for GST:

1. The turnover of your company 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 regimes (VAT, Excise Laws, Service Tax Laws) irrespective of the limit
   1. Existing taxpayers have been provided with Provisional ID and Password for completion of GST migration formalities (within 6 months) and generation of GSTIN by the respective tax departments
3. Operating business in multiple states
4. Have several business verticals in one state
5. Have inter-state supply of taxable goods
6. Non-resident taxable persons
7. Casual taxable persons [A person who occasionally undertakes supply of goods or services having no fixed place of business (For e.g.: a fireworks shops setup during Diwali)]
8. Required to pay tax under Reverse Charge
9. Required to deduct tax at source
10. Agents of a supplier
11. Input Service Distributor
12. In the business of E-commerce. For e.g.: Flipkart, Amazon, Ola (Operator/Aggregator)
13. Supplying goods or services through an E-commerce portal
14. In the business of supplying online information and database access or retrieval services
    1. From outside India to a person in India
15. Supplying non-taxable products or are in the export business
    1. Applicable to the export of those software that were previously untaxed

What are documents required for the 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 Voters 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 agreement or sale deed, copies of electricity bill or latest property tax receipt or municipal khata copy.

5. Bank Account Proof

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

6. Digital Signature

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