GST registration becomes necessary for all individuals and corporations in India who provide goods or services. GST registration becomes necessary when the total supply value exceeds $20,000. A simplified GST registration process was introduced by the Ministry of Finance (MoF) to make tax reporting easier.
GST Documents Required for Registration
There are several documents required for GST registration online, including a PAN card, proof of business registration, identification, photos, the address proof of personnel in charge, the business’ address proof, and bank account statements. You may need your bank statement, a canceled check, or an extract from your passbook to demonstrate your bank information.
In a similar manner, address documentation could be in the form of a power bill, a rent agreement, ownership documents, a property tax statement, or other similar documents. You must provide your PAN card, Aadhar card, and address verification in order to properly enrol. Following is a list of the GST paperwork you need based on your business category.
Individuals and sole proprietors
- Owner’s PAN card
- Owner’s Aadhaar card
- Owner’s photo
- Providing proof of address
- Information about the bank account.
Limited Liability Partnerships (LLPs) and Partnerships
- The PAN cards of the participating partners
- Participants’ photos
- Each partner’s address should be verified
- Aadhaar cards of anyone authorised to sign
- Proof of appointment of the signatory
- A copy of the LP’s registration proof
- Account information
- Evidence of the business’s primary address.
Families that are Hindu Undivided (HUFs)
- Card for HUF using the PAN
- Card of Karta (the family patriarch)
- Owner’s photo
- The bank’s information
- A copy of the business’ primary address.
Enterprises and Companies
- The company’s PAN card Registration certificate from the Ministry of Corporate Affairs Memorandums & Articles of Association
- Signatory’s appointment proof
- A copy of the signatory’s PAN card
- Signatory’s Aadhaar card
- Directors’ PAN cards
- Verify all directors’ addresses
- Information about the bank account
- A copy of the business’ primary address.
Clubs and societies
A society or club must present the following GST status registration documents in order to receive a GSTIN and a GST status.
- Verify that the club or society is registered by providing a copy of its registration certificate
- The PAN card of the club or society, as well as PAN cards of any affiliated partners or promoters
- This is a photograph of one of our partners or promoters
- Copies of bank statements/crossed checks/passbooks
- Utility bills and a copy of the society’s or club’s municipal khata for premises owned by the society or club are required proofs of registered office address. For rented premises, written authorization from the landlord and a copy of the lease is required
- You need an authorization letter signed by the relevant signatory/signatories.
GST Registration Eligibility Criteria: What are they?
GST registration and GST status are based on the following categories and criteria.
Total turnover
The GST must be registered by any service providers who deliver services worth more than *20 lakhs in a calendar year.
Commerce interstate
Any business that provides goods interstate, from one state to another, must register for GST regardless of its annual turnover. GST registration is required only if the yearly sales of interstate service companies exceed *20 lakh. The amount varies by state.
E-commerce platform
Anyone who sells goods or services on an e-commerce platform in India must register for GST. This applies regardless of turnover. This means that before they can sell on Flipkart, Amazon, and other e-commerce platforms, vendors must obtain registration.
Individuals liable for casual taxation
GST registration is required by anyone who supplies products or services through a temporary stand or shop on a seasonal basis. There is no limit to the amount of revenue an individual can generate.
An impulsive registration
GST registration is voluntary and open to all entities. A GST registration obtained voluntarily could not be surrendered for one year. A voluntary registration could be cancelled after changes have been made.
Registration Types for GST
GST is registered under the following categories.
Taxpayer of ordinary means
GST registrations in this category are for taxpayers who do business in India. Taxpayers who register as regular taxpayers do not have to make a deposit and have an indefinite validity date.
The Taxpayer’s Composition
The GST Composition Scheme must be joined in order to become a Composition Taxpayer. Taxpayers participating in the Composition Scheme can pay a fixed GST rate. A taxpayer, however, would not be eligible to claim this credit.
Person with a casual tax liability
A taxpayer who opens a booth or seasonally opens a shop must register as a casual taxpayer. Adding a casual taxable person requires a deposit equal to GST liabilities. These deposits must also be paid during registration periods. Registration is active for three months.
Non-Resident Taxpayer
Those residing outside of India are classified as non-resident taxable persons. Residents of India should also be taken into account when products or services are provided. In order to register as a casual taxpayer, a deposit equal to GST liabilities is required. It is required that the deposit correspond to the active registration period. Registrations are active for three months.
GST Registration can be done in a variety of ways.
- GST Registration for Online Service Providers from Outside the U.S.
- A UN body, embassy, or other notified entity
- Developer of Special Economic Zones
- Unit of Special Economic Zones (SEZ)
- Deductors of TDS who are GST registered
- Governmental Entities
- TCS Collector for the GST (Goods and Services Tax)
- Businesses engaged in e-commerce.
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