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Goods and Services Tax (GST) Registration

Goods and Services Tax commonly known as GST has subsumed all the indirect taxes such as CST, Service Tax, Excise Duty and so forth. Moreover, every enterprise whose turnover exceeds the prescribed threshold limit needs to obtain GST Registration.

Components of GST

GST has 3 tax components namely:

  1. CGST (Central Goods and Services Tax)
  2. SGST (State Goods and Services Tax)
  3. IGST (Integrated Goods and Services Tax)

CGST and SGST are levied on the intrastate transaction whereas IGST is levied on the interstate transaction.

Who needs a GST Registration?

Any enterprise that is involved in buying and selling the goods or services has to compulsorily obtain the GST registration when their turnover exceeds the turnover limit of 40 Lakhs INR. Any business who is carrying out any interstate sale needs to obtain the GST Registration too. Similarly, any taxable person making taxable supplies on behalf of another taxable person (agent or broker) needs to enroll himself or herself under GST. Any e-commerce sellers or aggregators need not register under GST if their total sales do not exceed 20 Lakhs INR.

Documents Required for GST Registration

Here is the list of documents that are required by the different types of taxpayers

For Sole Proprietorship / Individual

  1. Passport size photo ( maximum 100 KB)
  2. Bank account details ( cancel cheque/ bank account statement / passbook maximum 1 MB)
  3. PAN Card
  4. AADHAAR card
  5. Address proof of Principal place of business and additional place of business:
  • Own office – Copy of electricity bill/landline bill/ water bill/ municipal khata copy/ property tax receipt
  • Rented office – Rent agreement with an electricity bill of owner/Tax payment receipt

For Partnership Deed / LLP Agreement

  1. PAN card, Photograph and AADHAAR card of all partners
  2. Bank details- a copy of cheque or bank statement
  3. Address proof of Principal place of business and additional place of business:
  • Own office – Copy of electricity bill/landline bill/ water bill/ municipal khata copy/ property tax receipt
  • Rented office – Rent agreement with an electricity bill of owner and No objection certificate (NOC) from the owner
  1. In case of LLP- Copy of board resolution, Registration Certificate of the LLP

Proof of appointment of authorized signatory- letter of authorization

For Private Limited / One Person / Public Limited Company

  1. PAN Card of the company
  2. Registration Certificate of the company
  3. Memorandum of Association (MOA) /Articles of Association (AOA)
  4. PAN card, photograph and AADHAAR card of all Directors
  5. Bank details- a copy of canceled cheque or bank statement
  6. Address proof of Principal place of business and additional place of business:-
  • Own office – Copy of electricity bill/landline bill/ water bill/ municipal khata copy/ property tax receipt
  • Rented office – Rent agreement with an electricity bill of owner and No objection certificate (NOC) from the owner
  1. Proof of appointment of authorized signatory- letter of authorization

For HUF (Hindu Undivided Family)

  1. PAN card of HUF
  2. Photograph, Pan Card and AADHAAR card of Karta
  3. Address proof of Principal place of business and additional place of business :
  • Own office – Copy of electricity bill/landline bill/ water bill/ municipal khata copy/ property tax receipt
  • Rented office – Rent agreement with an electricity bill of owner and No objection certificate (NOC) from the owner
  1. Bank details- a copy of canceled cheque or bank statement

For Society / Trust / Club

  1. Pan Card of society/Trust/Club
  2. Registration Certificate
  3. Photo and PAN Card of Promotor/ Partners
  4. Bank details- a copy of canceled cheque or bank statement
  5. Address proof of registered office:
  • Own office – Copy of electricity bill/landline bill/ water bill/ municipal khata copy/ property tax receipt
  • Rented office – Rent agreement with an electricity bill of owner and No objection certificate (NOC) from the owner
  1. Proof of appointment of authorized signatory- letter of authorization

Note: The following things can be used as address proof

  1. Passport
  2. Voter ID Card
  3. AADHAAR Card
  4. Ration Card
  5. Telephone/Electricity Bill
  6. Driving License (DL)
  7. Bank Account Statement

Types of Taxpayers

Normal Taxpayer

A person whose turnover exceeds the threshold limit of 40 Lakhs (20 Lakhs in case of special categorized states) is required to obtain the GST registration.

Composition Scheme Holder

A person has to obtain a composition scheme in case if their turnover exceeds 1.5 Crore INR.

Casual Taxable Person

Every person who is registered as a casual taxable person is required to obtain the GST Registration irrespective of the aggregate annual turnover. Moreover, a casual taxable person is required to furnish the GST Registration application at least 5 days before the commencement of the business.

Preparation of GST application

Here is the detailed guide on how we prepare your GST Application:

1. Filing of GST Application

One of our representative will collect all the required documents, your GST application will be processed and filled. After which an Application Reference Number will be issued.

2. GST Registration Certificate

Once the GST application and other documents are verified, the GST registration certificate and GSTIN will be issued. It shall be noted that only the soft copy of the GST Certificate can be downloaded from the GST Portal, no hard copies of the certificate are issued.

3. Penalties for GST Registration Failure

There is a penalty for all the taxpayers who fail to register for GST according to Section 122 of the CGST act.

4. GST Voluntarily Registration

Any enterprise that is not required to obtain GST registration can voluntarily apply for the same.

Timeline of GST Registration Process

  • Day 1: Receiving and verifying documents
  • Day 2 – 3: Filing application and sharing ARN
  • Day 6-10: Approval of GST registration and sharing the GST certificate

Why choose Masters India Services?

1. We have active client support that assists you through the GST registration process
2. We provide regular updates about the GST registration process until it is completed
3. No physical visit to the office completely online GST registration application
4. Dedicated expert to process your end to end GST registration application

FAQs

Q1. Do I need to be present physically at the time of GST registration?

Ans. No, you need not be present physically at the time of GST registration, as Masters India provides the GST registration service online. You just need a system and an internet connection to obtain the GST registration. We will carry out all the GST registration process on your behalf irrespective of area.

Q2. What is ARN under GST?

Ans. ARN is an acronym for Application Reference Number that acts as a proof that your GST registration application is successfully uploaded on the GST server. ARN is generated after uploading all the documents required.