Today at MyOnlineCA we are talking about Documents Required for GST Registration.Persons who are making any inter-state taxable supply, Persons who are needed to pay tax under reverse charge,Non-resident taxable person making taxable supply,Persons who are obligated to deduct tax under GST,Any persons or entity providing taxable supply of goods or services to persons in India with an annual aggregate turnover of more than Rs.20 lakhs,Person supplying online information and database access or retrieval services,Persons who supply goods or services through electronic commerce operators,Persons Having Service Tax or VAT or Central Excise Registration and Successor of a Business are the Persons that are required to Acquire Gst Registration In India.
Goods and Service Tax is an indirect tax levied on the supply of goods and services. GST Law has taken place of many indirect tax laws that previously existed in India. GST is a single tax that is levied on the supply of goods and services.
Benefits Of Gst Registration
Under GST Harmonized System of Nomenclature or HSN is introduced In India, which is an eight-digit code to identify products according to international standards and will help proper product identification.
One tax system
With GST government is proposing to impose only one tax on goods and services that are offered in the country and GST will replace several taxes that were earlier separately imposed by state governments which increased the cost of goods and services and it will enhance and improve the ease of doing business.
The decrease in the price of products
According to the GST Act, GST Tax will be charged at the manufacturing cost and will be collected at the point of sale, which denotes that the price will come down and it will be beneficial for the consumers.
under the GST system, All the Legal compliances like registration, returns, payments, etc have to be done using the online portal, which will make Legal compliance under the GST system Fast, Less Difficult, Clear-cut and understandable.
Documents Required for Gst Registration
PAN Card of the Business or Applicant
For Identity proof PAN, passport, driving license, aadhaar card or voters identity card can be submitted and For Address Proof along with Photographs passport, driving license, aadhaar card, voters identity card and ration card can be submitted.
For GST Registration Following persons have to submit their identity proof and address proof along with photographs :
Sole Proprietor, Partners in Partnership Firm or LLP ,Karta Of Hindu Family Business,Managing Director, Directors and the Authorised Person of a Company ,Managing Trustee, Trustees and Authorised Person of trust ,Members of Managing Committee ,CEO or his equivalent,Statutory Body CEO or his equivalent of Local Authority ,Others Person in Charge
Business Registration Document under GST Registration
Proof of business registration must be submitted for all types of entities, except For Sole proprietorships need not be required to submit this document whereas, In case of partnership firm the partnership deed must be submitted as well as In case of LLP or in case of a Company, the incorporation certificate from Ministry of Corporate Affairs must be submitted. For other types of entities like society, trust, club, government department or body of individuals, registration certificate must be provided.
Address Proof for Place of Business under GST Registration
For Own premises
Documents like latest Property Tax Receipt or Municipal Khata copy or a copy of Electricity Bill etc, which serves as a proof of ownership of the premises.
For Rented or Leased Premises
A copy of the valid rental agreement or lease deed, Latest Property Tax Receipt or Municipal Khata copy or copy of Electricity Bill serves as proof the ownership of the premises If you do not have rental agreement or lease deed, then an affidavit along with any document that gives proof of the possession of the premises is acceptable for Gst Registration.
If the principal place of business is located in an SEZ or the applicant is an SEZ developer, necessary documents/certificates issued by Government of India are required to be uploaded.
All Other Cases
For other cases and shared properties, a copy of the consent letter of the owner of the premises with any document in support of the ownership of the premises can use as an Address Proof for Place of Business.
Bank Account Proof
copy of the first page of bank passbook or the bank statement or copy of a cancelled cheque that contains details such as the name of the Proprietor or Business entity, Bank Account No, MICR, IFSC and Branch details.
It is important that digital signature must be obtained by the Business owner Before GST registration application as All application for GST registration must be digitally signed.
Conclusion on Documents Required for GST Registration
Getting a Gst Registration Is mandatory in India if you are a running any kind of business That deals in Exchange of Goods and Services. If you are planning to get GST registration then you must get all the documents that are mentioned in this Article so that you do not face any problem while getting Gst Registration In India.