GST Registration

Advantages

· Take input tax credit

· Make interstate sales without restrictions

· Register on e-commerce websites

· Limited compliance

· Less tax liability

Eligibility

· Having Turnover of more than 40 lakhs in case of Goods

· Having Turnover of more than 20 lakhs in case of Services

· Voluntary Registration

· Inter State Sales

· Non-Resident taxable person

What are the documents required under GST?

· PAN CARD OF THE BUSINESS OR APPLICANT

· ADDRESS AND IDENTITY PROOF ALONG WITH PHOTOGRAPHS: Following can be admitted and submitted as Identity Proof such as (Passport, Voter ID card, PAN, Aadhar Card, Driving License) and; In case of Address Proof (passport, Aadhar Card, Driving License, Voters Identity Card and Ration Card)

· BUSINESS REGISTRATION DOCUMENT
· ADDRESS PROOF FOR PLACE OF BUSINESS
Following documents are admissible for GST Registration:-

· In case of Owned Premises - Copy of latest Property Tax Receipt or Municipal Khata or Electricity Bill.

· For Rented or Leased Premises- Copy of the valid rental agreement with a supporting document of ownership of the premises of the Lessor i.e. either copy of Latest Property Tax Receipt, Municipal Khata, Electricity Bill. In case of unavailability of the rental agreement or lease deed, an affidavit along with a supporting document in the possession of the premises like a copy of the electricity bill, etc can be used.

· PROOF OF BANK ACCOUNT
Scanned copy of either following documents:-

· First and relevant page of Passbook

· The relevant page of bank statement

· Cancelled cheque bearing the name of Proprietor or business entity, Bank Account No., IFSC, MICR, and Bank Branch details including code.2

· Other Cases- Copy of consent letter of the owner of premises along with a supporting document of ownership of premises of the consenter like a copy of the electricity bill, Municipal Khata.