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:
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.
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.