GST REGISTRATION

GST REGISTRATION

In the GST Regime, businesses whose turnover exceeds Rs. 40 lakhs* (Rs 10 lakhs for NE and hill states) is required to register as a normal taxable person. This process of registration is called GST registration.

For certain businesses, registration under GST is mandatory. If the organization carries on business without registering under GST, it will be an offence under GST and heavy penalties will apply.

Mandatory registration

    • Those paying tax under the reverse charge mechanism (RCM)
    • Person supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered taxable person
    • persons making any inter-State taxable supply
    • casual taxable persons making taxable supply
    • person who are required to pay tax under sub-section (5) of section 9
    • non-resident taxable persons making taxable supply
    • persons who are required to deduct tax under section 51, whether or not separately registered under this Act
    • persons who make taxable supply of goods or services or both on behalf of other taxable persons whether as an agent or otherwise
    • Input Service Distributor, whether or not separately registered under this Act
    • persons who supply goods or services or both, other than supplies specified under sub-section (5) of section 9, through such electronic commerce operator who is required to collect tax at source under section 52
    • every electronic commerce operator

DOCUMENTS REDUIRE

  • PAN card of business
  • Proof of business registration or incorporation certificate
  • Identity and Address proof of Promoters/Director with photographs Photographs and address proof of persons in charge
  • The business’ address proof
  • Bank account statements/cancelled cheque
  • Aadhaar card if applicable
  • Digital Signature
  • Letter of Authorization/Board Resolution for Authorized Signature