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:
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.
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.