Who Should Register for GST?
According to the Goods and Services Tax Act 2017, any business with a turnover of Rs.40 lakh and above must register for GST. For North-eastern and hill states, the turnover threshold for GST registration is Rs.10 lakh.
In addition, following individuals also need to complete GST registration and acquire unique 15-digit GSTIN:
Individuals making inter-state supply of taxable goods and services.
Individuals with taxability under reverse charge.
Non-resident taxable individuals.
Individuals eligible for tax deduction under section 37.
Individuals supplying goods and services on behalf of any other registered taxpayer in capacity as an agent or any other manner.
Individuals acting as distributors of input service.
All e-commerce operators.
Aggregators supplying services under a new brand or trade name.
Any other individual or group of individuals notified by the Central or State Government as per the GST Council’s recommendations.
When you provide intra-state services with an annual turnover of over Rs.20 lakh and intra-state good providers with annual turnovers of more than Rs.40 lakh, you need to register for GST. Additionally, intra-state suppliers must register for GST.
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What are the Main Documents Required for GST Registration?
The main documents for GST registration include a PAN card, proof of business registration, identity, photographs and address proof of persons in charge, the business’ address proof and bank account statements.
You can prove your bank details by means of a bank statement, cancelled cheque or an extract from your passbook. Similarly, an address proof can take the form of an electricity bill, rent agreement, ownership documents, property tax statement and so on.
Here’s the list of documents required for gst registration for proprietorships, partnership firms, e commerce and private limited companies.
Additional Read: What is GSTIN number?
GST Registration Documents Required for Proprietors and Individuals
Owner’s PAN card
Owner’s Aadhaar card
Owner’s photograph
Proof of address
Bank account details
Additional Read: Apply PAN Card Online
GST Registration Documents for Partnership Firm and LLPs
Partnership deed
PAN cards of partners involved
Photographs of partners involved
Address proof of partners involved
Aadhaar card of any authorised signatory
Signatory’s proof of appointment
LLP proof of registration
Bank details
Business’ principal address proof
Additional Read: What is GSTR 3B?
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