This is the Page’s Title GST Registration
What is GST
The goods and services tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. It is a destination based tax on consumption of goods and services. It is proposed to be levied at all stages right from manufacture upto final consumption with credit of taxes paid at previous stages available as set off. In a nutshell, only value addition will be taxed and burden of tax is to be borne by the final consumer.
The tax came into effect from July 1, 2017 through the implementation of One Hundred and First Amendment of the Constitution of India by the Indian Government. The tax replaced existing multiple Central and State Government taxes.
The tax rates, rules and regulations are governed by the GST Council which consists of the finance minister of central and all the states. GST is meant to replace a slew of indirect taxes with a unified tax and is therefore expected to reshape the country’s 2.4 trillion dollar economy. GST tax rates vary from 0% – 28% depending on the type of service or Nature of Goods Your business is selling. The GST is paid by consumers, but it is remitted to the government by businesses selling goods and services. In effect, GST provides revenue for the government.
GST Registration
GST (Goods and Services Tax) is essentially an Indirect tax which has been implemented to replace numerous taxes in India. Online GST registration was passed in the Parliament on 29th March 2017 yet it became effective on 1st July 2017 in India. As per the changes in the 32nd council meeting, the threshold limit for GST registration is 40 lakhs for the supplier of goods and 20 lakhs for the supplier of services. Along with that, the North-Eastern States have an option to choose between 20 lakhs and 40 lakhs. Once you have registered under this regime, you will receive a unique GSTIN (Goods and Service Tax Identification Number). There are various advantages of GST registration. You can also avail input tax credit and collect GST from recipients of goods and services.
Online GST registration can be easily done by visiting Online GST portal. It is easy to fill the form on GST online portal yet at the same time you require the expert’s to fill the form with accurate information and submit the documents accordingly. Few of the terms while drafting for GST registration cannot be understood by many of the taxpayers. Therefore at the initial stage GST registration should be done with the help of experts and here at Legaldocs, you will be able to get done with your GST registration with a simple and quick process.
List of Documents required for GST registration
Category of persons | Documents required for GST registration |
Sole proprietor / Individual | PAN card of the owner |
Aadhar card of the owner | |
Photograph of the owner (in JPEG format, maximum size – 100 KB) | |
Bank account details* | |
Address proof** | |
Partnership firm (including LLP) | PAN card of all partners (including managing partner and authorized signatory) |
Copy of partnership deed | |
Photograph of all partners and authorized signatories (in JPEG format, maximum size – 100 KB) | |
Address proof of partners (Passport, driving license, Voters identity card, Aadhar card etc.) | |
Aadhar card of authorised signatory | |
Proof of appointment of authorized signatory | |
In the case of LLP, registration certificate / Board resolution of LLP | |
Bank account details* | |
Address proof of principal place of business** | |
HUF | PAN card of HUF |
PAN card and Aadhar card of Karta | |
Photograph of the owner (in JPEG format, maximum size – 100 KB) | |
Bank account details* | |
Address proof of principal place of business** | |
Company (Public and Private) (Indian and foreign) | PAN card of Company |
Certificate of incorporation given by Ministry of Corporate Affairs | |
Memorandum of Association / Articles of Association | |
PAN card and Aadhar card of authorized signatory. The authorised signatory must be an Indian even in case of foreign companies/branch registration | |
PAN card and address proof of all directors of the Company | |
Photograph of all directors and authorised signatory (in JPEG format, maximum size – 100 KB) | |
Board resolution appointing authorised signatory / Any other proof of appointment of authorised signatory (in JPEG format / PDF format, maximum size – 100 KB) | |
Bank account details* | |
Address proof of principal place of business** |
*Bank account details
For bank account details, a copy of cancelled cheque or extract of passbook/bank statement (containing the first and last page) must be uploaded. (in JPEG format / PDF format, maximum size – 100 KB)
**Address proof
Upload any one of the following documents:
a. Property tax receipt
b. Municipal Khata copy
c. Electricity bill copy
d. Ownership deed/document (in the case of owned property)
e. Lease / rent agreement (in case of leased / rented property) – To be submitted along with (a), (b) or (c)
f. Consent letter / NOC from the owner (in case of consent arrangement or shared property) – To be submitted along with (a), (b) or (c)
FAQs on GST Registration
Is I have to pay anything for online consultation?
No, the consultation is absolutely free.
can I consult before applying for GST registration?
Yes, You can consult free of cost from the experts of mydigitalfiling.in and get the answer of all your queries.
How to apply for GST Registration through mydigitalfiling.in
You can apply for GST registration online through mydigitalfiling.in. You just need to fill a simple registration form and submit the same.
Do I need to file GST Returns, if I have applied for GST Registration Voluntarily?
Every person registered under GST, whether mandatorily or voluntarily, shall file the requisite GST Returns in the manner prescribed and within the time limit prescribed for same.
Is everyone supposed to file GST returns or are there any exemptions?
Every registered dealer, whether being a normal supplier or otherwise must file the return based on the transactions or activities involved in the business. Non-filing of the same may lead to default and may attract a penalty or additional fees.
Can I apply for GST Registration online?
Yes. Taxpayers can apply online for GST registration. You just need to registered you business on GST portal by applying online.
