Information
If aggregate annual PAN based turnover exceeds Rs. 20 lakhs, Registration under
GST Act is mandatory. In some states, Threshold limit for registration is Rs. 10 Lakhs. In following cases, GST registration is mandatory even if turnover does not exceeds threshold limit :-
- In case of Inter State (From one state to another) supplier of goods.
- In case of supplier of goods through an E-Commerce Portal.
- In case of non resident taxable person
- If person is liable to pay tax under reverse charge
- In case of E-commerce Operator who is required to collect TCS.
Benefits of getting GST Registration
- Legal recognition as supplier of goods or services
- Availability of Input tax credit of taxes paid on the Input goods and/or services which can be utilised for payment of GST due on supply of goods and/or services supplied.
- Benefit of passing on the credit of the taxes paid on the goods and/or services supplied to customers.
Documents & Details required
- PAN card of Business
- Valid & Accessible E-maid ID and Mobile Number
- Documentary proof of constitution of business(Certificate of Incorporation/Partnership deed)
- Documentary proof of Principal Place of business(Electricity Bill/Legal ownership Document/Property Tax Receipt/Lease deed)
- Details of additional place of business,if applicable
- Description of Business activities
- Photographs of Authorised Signatory/Partners/Directors..
- Letter of authorisation/Board resolution for appointment of authorised signatory.
- Bank Statement/First page of bank passbook/ Cancelled cheque having name of taxpayer.
- Valid DSC of Authorised signatory in case of Companies/LLPs.
Process
Frequently Asked Questions
When do I need to register under GST Act?
Within 30 days from the date when your liability arose (i.e when threshold limit exceeds).
Can duly signed hard copies of registration application be submitted via speed post or in person?
No paper based application will be accepted under GST Regime. It is compulsory to obtain a DSC (in case of company/LLP) or an aadhaar card for E-sign.
How many authorised signatories can be added in the form?
A maximum of 10 Signatories can be added.
Can more than one promoters/partners/director become the primary authorised signatory?
No, you can have only one PRIMARY AUTHORISED SIGNATORY.
Can name of company employees other than promoter/director/partner/Proprietor be added as Authorised Signatories?
Yes, Employee’s name can be added as Authorised Signatory.
How many bank accounts can be added?
Maximum 10 Bank Accounts can be added.
What is the option if business bank account is not opened yet?
Personal Bank Account can be added and updated once business bank account is open.
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