GST is the biggest tax reform in India, tremendously improving ease of doing business. In any tax system, registration is most fundamental requirements for tax payer. Without registration, a person can neither collect tax from customer nor claim input tax credit of tax paid.
Service Providers: Any person or entity who provides service of more than Rs. 20 lakhs in aggregate turnover in a year is required to obtain GST registration. In special category states, the GST turnover for service providers is more Rs.10 lakhs.
Goods Suppliers: As per notification No.10/2019 any person who is engaged in the exclusive supply of goods whose aggregate turnover crosses Rs.40 lakhs in a year is required to obtain GST registration. In special category states, the GST turnover for goods suppliers is more than Rs. 20 lakhs.
- Special category states are Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Puducherry, Sikkim, Telangana, Tripura and Uttarakhand
The person below the threshold limit can voluntary opt the registration.
Document required
- Registration certificate (Deed, COI etc)
- PAN of Entity
- Mail Id of entity
- Mobile of entity
- Address Proof of entity (electricity Bill, Water bill)
- All Director / Partner KYC (PAN, Aadhar, Mail id , Mobile, Photo)
- List of Services/ Goods
- Cancel Copy of Cheque
- Authorized Signatory (Board Resolution)
- DSC mandatory only in case of LLP and company