In India, you need these documents for GST (Goods and Services Tax) registration
GST registration is required by all Indians who provide goods or services. Registration becomes mandatory when the value of supplies exceeds ₹20 lakhs. To simplify the reporting of taxes, the Ministry of Finance (MoF) simplified the GST registration process.
The entity must register with GST if its annual value exceeds 10 lakhs if it operates in a special category state. You need to register for GST in India if you are an individual or a business. The post also explains the paperwork and the online process for registering for GST.
Documents Required for GST Registration
GST registration documents include a PAN card, proof of business registration, identification, photos, proof of address of the person responsible for the business, and bank account statements. To verify your bank details, you could use a bank statement, a cancelled check, or an extract from your passbook.
Similarly, documentation of the address can be found in a power bill, rent agreement, ownership documentation, or property tax statement. Obtain the necessary documents for GST registration, such as your PAN card, Aadhaar card, and address verification before enrolling. According to your business category, here is a list of the paperwork you need to submit for GST.
Individuals and sole proprietorships
- A copy of the owner’s PAN card
- An Aadhaar card issued to the owner
- Owner’s photo
- Providing proof of address
- Information about your bank account
LLPs and Partnerships
- The PAN cards of the participating partners
- Photos of the participants
- Verify addresses for all partners
- Aadhaar cards of all authorised signatories
- A letter of appointment for the signatory
- A copy of the LP’s registration proof
- Information about bank accounts
- A proof of the business’s primary address.
Hindu Undivided Families (HUF)
- The HUF PAN card
- Patriarch Karta’s PAN card
- Owner’s photo
- Information about banks
- The primary address of the business.
Enterprises and Companies
- The PAN card for the company Incorporation certificate from the Ministry of Corporate Affairs Memorandum and Articles of Association
- Signatory’s appointment proof
- Obtain a copy of the signatory’s PAN card
- Card of the signatory with Aadhaar number
- Directors’ PAN cards
- Director’s addresses must be verified
- Information about bank accounts
- Business address proof.
Clubs or Societies
The following GST status registration documents are required for the completion of the GSTIN and GST status process.
- Please provide a copy of your club/society’s registration certificate
- Please provide a copy of the club or society’s PAN card as well as the PAN cards of any partners or promoters that are associated with the club or society
- This is a photograph of one of the partners or promoters
- You must upload a copy of the first page of the bank statement/crossed check/passbook
- Proof of the society’s or club’s registered office address, including utility bills and a copy of the society’s or club’s municipal khata for premises owned by the society or club. In For rented premises, a rent agreement and an authorisation letter are required
- There is a requirement for an authority letter from a signatory/signatories.
GST Registration Eligibility Criteria: What are they?
In India, GST status and registration are determined by the following categories and criteria.
Turnover as a Percentage
The GST registration requirement applies to all service providers who deliver services worth more than 20 lakhs in a calendar year. State-specific maximums apply. Registration for GST is required by any firm involved in the exclusive supply of products with an annual turnover of more than *40 lakhs.
A business that supplies goods interstate must register for GST, regardless of its aggregate turnover. Only companies with yearly sales of more than $20 lakhs need to register for GST. The limit in special category states is $10 lakhs.
An E-commerce Platform
E-commerce platform sellers in India must register for GST. This applies regardless of turnover. The result is that vendors on Flipkart, Amazon, and other e-commerce platforms must register before selling.
Taxable Individuals on a Casual Basis
GST registration is required for any person who supplies products seasonally or intermittently through a temporary stand or stall. It is not a matter of how much the individual makes annually.
A Whim Registration
Entities can voluntarily register for GST. An entity that voluntarily obtained GST registration was unable to surrender it for up to a year. After changes, the applicant might be able to cancel their voluntary GST registration.
Registration Types for GST
Registration for GST can be divided into the following categories.
A Regular Taxpaying Citizen
GST registration for Indian businesses is available under this category. Regular taxpayers do not have to deposit and have a valid registration for life.
Composition of a Taxpayer
In order to become a Composition Taxpayer, one must join the GST Composition Scheme. A taxpayer who participates in the Composition Scheme can pay a fixed GST rate. The taxpayer cannot, however, claim the input tax credit.
Individuals Subject to Casual Taxation
Casual taxpayers who open booths or seasonal shops must register as Casual Taxable Persons. To register as a casual taxpayer, a taxpayer must make a deposit equal to the GST liability. These obligations correspond to the registration periods. Your registration will stay active for three months.
Those who live outside of India are classified as non-resident taxable persons. Non-resident taxable persons must also supply products or services to Indian residents. Taxpayers registering as casual taxable persons are required to make a deposit equal to the GST liabilities. Payments must be made periodically to reflect the active period. A registration is valid for three months.
GST Registration can be done in several ways.
- Providers of online services that are non-residents: GST Registration
- Embassies/Bodies/Other Notified Parties
- Developer of Special Economic Zones
- Special Economic Zones (SEZ)
- Deductors of TDS registered under GST
- Governmental Entities
- TCS Collector for GST
- Businesses that operate online.