List Of Documents Required For GST Registration- Aster billing

Aster Billing 

List Of Documents Required For GST Registration

By now you must have studied about Goods and Services Tax(GST) almost everywhere.

It is an indirect tax which has replaced multiple indirect taxes imposed by the Govt. Of India.

Several books are published on this tax because of its complexity and constant changes that occur to make it better.

The struggle between changes made and the curiosity of people to stay updated is real.

The registration process is a long one which involves business-related documents. For registration, you need to submit different types of documents according to the type of company registration.

Find out the list of documents required for Sole Proprietorship or Individual, Partnership or LLP, Private limited or Public limited or One person company, HUF and Society or Trust or Club.

Documents required for Sole Proprietorship / Individual

• PAN card, aadhaar card, and a photograph of the sole proprietor
• Bank account details- a copy of canceled cheque or bank statement
• Address proof of office:-
  –Own office – Copy of electricity bill/landline bill/water bill/municipal khata copy/ property tax receipt
  –Rented office – Rent agreement and No objection certificate (NOC) from the owner

Documents required for Partnership deed/LLP Agreement

• PAN card, Photograph and aadhar card of all partners
• Bank details- a copy of canceled cheque or bank statement
• 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 and No objection certificate (NOC) from the owner
• In case of LLP- Copy of board resolution, Registration Certificate of the LLP
  Proof of appointment of authorized signatory- letter of authorization

Documents required for Private limited / Public limited / One person company

• PAN card of the company
• Registration Certificate of the company
• Memorandum of Association (MOA) /Articles of Association (AOA)
• PAN card, photograph and aadhar card of all Directors
• Bank details- a copy of canceled cheque or bank statement
• 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 and No objection certificate (NOC) from the owner
• Proof of appointment of authorized signatory- letter of authorization

Documents required for HUF

• PAN card of HUF
• Photograph, Pan Card and aadhar card of Karta
• 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 and No objection certificate (NOC) from the owner.
• Bank details- a copy of cancelled cheque or bank statement

Documents required for Society or Trust or Club

• Pan Card of society/Trust/Club
• Registration Certificated
• Photo and PAN Card of Promotor/ Partners
• Bank details- a copy of cancelled cheque or bank statement
• 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 and No objection certificate (NOC) from the owner
• Proof of appointment of authorized signatory- letter of authorization

Process Of GST Registration

You can perform the process of registration online through a portal maintained by Central Govt. of India. According to GSTN, the registration process is as follows:

• The applicant will need to submit his PAN, mobile number and email address in part A of form GST REG-01 on the GSTN portal or through facilitation centre (notified by the board or commissioner).

• The PAN is verified in this portal. Email address and mobile numbers are verified with a one-time password(OTP). Once the verification is complete the applicant will receive an application reference number on the registered mobile number and via email. An acknowledgement is issued to the applicant in FORM GST REG-02 electronically.

•  Applicant needs to fill part-B of Form GST REG-01 and specify the application reference number. After attaching the required documents, you can submit the form.

• If additional information is required, Form GST REG-03 is issued. Applicant needs to respond in form GST REG-04 with required information within 7 working days from the date of receipt of Form GST REG-03.

• If you have provided all the required information via Form GST REG-01 or Form GST REG-04, the registration certificate in Form GST REG-06 for the principal place of business as well as for every additional place of business will be issued to the applicant. Suppose the person has multiple business verticals within a state he can file a separate application for the registration in Form GST REG-01 for each business verticals. If the details submitted are not satisfactory, the registration application is rejected using Form GST REG-05. The applicant who is required to deduct TDS or collect TCS shall submit an application in Form GST REG-07 for registration. If he is no longer liable to deduct collect tax at source then the officer may cancel and communicate the cancel of registration.

It’s important for businesses to register to get legal authorization for supplying any goods and services. In some cases this registration is mandatory. Those cases are as following:

• Inter-state supplier
• Who is not a resident of the place of business
• who streams goods on behalf of some other person.
• E-commerce companies
• Taxable person
• Companies that retail their products through e-commerce websites.
• Companies selling services of other providers who are their partners as well.
• You might want to keep yourself updated with the government policies to stay in the game.

Common Questions Around GST Registration

1) Whether the registration granted to any person is permanent?

Yes, the registration certificate once granted is permanent unless surrendered, cancelled, suspended or revoked.

2) Who is a casual taxable person?

A casual taxable person has been defined in Section 2(12) of MGL. It means a person who occasionally undertakes transactions in a taxable territory where he has no fixed place of business.

3) Is the registration compulsory for the job worker?

No. Section 43A of MGL does not prescribe any such condition.

4) Who needs to register for GST?

As per paragraph 5 in schedule III of MGL, the following categories of persons shall be required to be registered compulsorily irrespective of the threshold limit.

• a person making any inter-state taxable supply.
• casual taxable persons
• a person who is required to pay tax under reverse charge
• non-resident taxable person
• a person who is required to deduct tax under section 37
• persons who supply goods and/or services on behalf of other registered taxable persons whether as an agent or otherwise
• input service distributor
• persons who supply goods and/or services other than branded services through electronic commerce operator.
• every electronic commerce operator
• an aggregator who supplies services under his brand name or his trade name and;
• such other person or class of persons as may be notified by the Central Govt or State Government on the recommendations of the council.

5) What are the benefits of GST registration?

Registration under Goods And Services tax regime will confer the following advantages to the business:

• Legally recognized as a supplier of goods or services.
• Proper accounting of tax paid on the input goods or services which can be utilized for payment of GST due on the supply of goods or services or both by the business.
• Legally authorized to collect tax from his purchasers and pass on the credit of the taxes paid on the goods or services supplied to purchasers or recipients.

6) What are the charges for GST registration?

There is no government fee applicable on GST registration. It’s free.

7) How much time does it take for GST registration?

It takes 1-2 days or few hours if all documents are submitted with no errors.

8) Can I cancel my registration in future?

Yes, you can cancel your registration if you are:

• Existing Taxpayer
• Migrated Taxpayer whose application for enrolment has been approved
• Migrated Taxpayer who has not filed any other form after the filing of the application for enrolment