According to a recent notification by the Central Board of Indirect Taxes and Customs, certain suppliers of goods need not register for GST if their yearly turnover is less than Rs.40 lakh. Nevertheless, as an MSME owner, it is always beneficial to know how to register for GST as you may be in the service sector and the laws may change at any time. To enlist successfully, you must produce the necessary documents required for GST registration like PAN card, Aadhaar card and address proof.
Here is a list of the GST registration documents you must provide based on your business type.
Who should register for GST?
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.
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.
GST registration documents for individuals and sole proprietors
Owner’s PAN card
Owner’s Aadhaar card
Owner’s photograph
Proof of address
Bank account details
GST registration documents for partnerships 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
GST registration documents for Hindu Undivided Families (HUFs)
GST registration documents for companies
Company PAN card
The Ministry of Corporate Affairs incorporation certificate
Memorandum/ Articles of Association
Signatory’s appointment proof
Signatory’s PAN card
Signatory’s Aadhaar card
PAN card of all directors
Address proof of all directors
Bank details
Business’ principal address proof
Once you have the documents required for GST registration ready, you can follow the process to be compliant with the law. As an MSME owner, also keep in mind that having certain important documents in place helps you avail funding quickly too. For example, you can obtain collateral-free financing up to Rs.30 lakh through the Bajaj Finserv MSME Loan by producing documents like your business proof, financial statements, KYC documents and passport size photograph. This loan allows you to plug working capital gaps, hire staff, purchase inventory and scale your supply cycle.
Additional Read: Know all about GST
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