Individuals and businesses that are carrying out taxable activities in India are required to register for GST. This includes all those who are registered with the service tax department, central excise department and state VAT departments.
Businesses that generate less than INR 20 lakhs in annual turnover need not register for GST. However, if they have a turnover of more than INR 20 lakhs, they must register for GST.
In case of the sale of goods or services to an unregistered person, the supplier is required to mention their GSTIN number on the invoice issued to them. If they have not registered for GST yet, then they should do so before issuing any invoices to unregistered persons from 1st April 2018 onwards.
What is GST?
GST (Goods and Services Tax) is a tax that applies to most goods and services in India. It is one of the most complex and widely-used taxes in the country, and it’s important that you understand it if you’re planning to do business in India. This post will outline everything you need to know about GST.
Documents Required for GST Registration in India
The GST registration process is not complicated but it does require some documents.
There are a few documents that you will need to provide in order to be eligible for GST registration in India. You will need a valid PAN card and a bank account. You may also need an Aadhaar card and the permanent account number (PAN).
The documents you will have to provide vary depending on your business, so make sure to check with your accountant before submitting anything.
You can also find more information about the GST registration process on the government website.
The following documents are required for GST registration:
1) A copy of PAN card/Form 60
2) Proof of identity
3) Proof of address
4) Copy of Passport or any other photo ID issued by the government
5) Copy of Driving License or any other photo ID issued by the government
6) Proof that you have a permanent address in India, such as an electricity bill, gas bill, water bill, and telephone landline bill or bank statement showing your address.
For Individuals and Sole Proprietors
- Owner PAN Card
- Owner Aadhaar Card
- Passport Size Photograph of business owner
- Address Proof of the business owner
- Bank account details
For Partnerships and Limited Liability Partnership (LLPs)
- PAN cards of all partners
- Passport size photographs of participants
- Address proof verification for all partners
- Aadhaar card of authorised signatory’s
- Proof of appointment for the signatory
- Proof of registration for the LP
- Bank account details
- Business address proof
For Hindu Undivided Families (HUFs)
- HUF PAN card details
- Karta’s (the family patriarch’s) PAN card
- Passport size photograph of owner
- Bank details
- Business address proof of the business.
For Companies and Enterprises
- Company PAN card
- Incorporation certificate from the Ministry of Corporate Affairs
- MOA (Memorandum of association)
- AOA (Articles of association)
- Appointment proof for the signatory
- Signatory PAN card and aadhar card
- PAN cards of all the directors’
- Address proof of all directors
- Bank account details
- Address proof of the business.
