The entity has to register for GST if it has an annual value greater than $20 lakh and operates in a special category state. If you have an individual or business in India, you must register for GST. In addition, the post discusses the paperwork necessary and how to register for GST online.
Listed below are the documents necessary to register for GST
To apply for GST registration status, you will need a PAN card, proof of business registration, identification, photos, proof of the address of the personnel responsible, the business’ address proof, and bank statements. You can prove your banking details with a bank statement, a canceled check, or an extract from your passbook.
Address proof can also take the form of a power bill, rent contract, ownership documentation, property tax statement, or other similar documents. GST registration requires you to provide several documents, including your PAN card, Aadhaar card, and proof of address in order to properly enroll. Below is a list of what tax status and registration paperwork you need to submit based on your business category.
Individuals and sole proprietors
- A photocopy of the owner’s PAN card
- Owners’ Aadhaar cards
- Photo of the owner
- Providing proof of address
- Information about your bank account.
As for partnerships and limited liability partnerships (LLPs)
- Participants’ PAN cards
- Photos of the participants
- Address verification for all involved partners
- An Aadhaar card belongs to any authorized signatory
- The signature of the signatory must be accompanied by the appropriate paperwork
- The proof of the LP’s registration
- Account information
- An indication of the primary address of the business.
Hindu Undivided Families (HUF)
- HUF PAN card
- An image of Karta (the family patriarch’s PAN card)
- Owner’s photo
- Information on banks
- Provide proof of the business’s primary address.
Businesses and Enterprises
- Obtain a PAN card for the company and acquire an Incorporation Certificate from the Ministry of Corporate Affairs as well as the Memorandum and bylaws of the company
- Proof of appointment for a signatory
- A copy of the signatory’s PAN card
- An Aadhaar card for the signatory
- The PAN cards of all directors
- Verify all directors’ addresses
- Account information
- Proof of business address.
In the case of a society or club
The following GST registration documents will be required in order for a club or society to obtain a GSTIN and GST status.
- You will need a copy of your club or society’s registration certificate
- The club or society’s PAN card, as well as any associated partner or promoter PAN cards
- A photograph of a partner or promoter
- You will need a copy of the first page of the bank statement/crossed checks/passbook
- A copy of the society’s or club’s municipal khata for premises owned by the society or club and proof of the address where it is registered. The rental agreement and the owner’s written authorization are required for rented premises
- A letter of authority signed by the signatory/signatories is required.
Who is eligible to register for GST?
There are several categories and criteria for getting GST status and registering in India for GST.
Amount of total turnover
Any service provider providing services worth more than 20 lakhs in a calendar year need to register for GST. However, this maximum is only 10 lakhs in states which fall into special categories. A company selling exclusive products with an annual turnover of over *40 lakhs must register for GST.
Commerce between states
A company must register for GST regardless of its annual revenue if it sells goods interstate, from one state to another. GST registration is compulsory only for interstate service companies with yearly sales of over $20 lakhs. This number drops to $10 lakhs for special category states.
E-commerce platforms in India need to be registered for GST so that goods and services can be sold. Regardless of turnover, there must be registered. Flipkart, Amazon, and other e-commerce platforms must therefore obtain registration prior to beginning to sell.
Those who are liable for tax casually
People whose products or services are provided on a seasonal or intermittent basis through a temporary stand or shop should register for GST. It does not matter how much the individual does in one year.
An impulsive registration
The registration of GST by an entity is voluntary. Previously, anyone who acquired GST as a voluntary act could keep the registration for up to one year. Following changes, the applicant can now cancel their voluntary registration.
Registration Types for GST
Following are the categories of GST registration.
The average taxpayer
For Indian taxpayers, this GST registration category is for them. The validity date of a tax payer’s registration as a regular taxpayer has no expiration date and does not require the taxpayer to make a deposit.
Composition of the Taxpayer
The GST Composition Scheme is required for individuals to become composition tax payers. Participating in the Composition Scheme leads to a fixed GST rate for taxpayers. In this case, the taxpayer would not be able to claim the input tax credit.
Individuals subject to casual taxation
Taxpayers who open temporary booths or shops need to register as Casual Taxable Persons. For a casual taxable person to register, the taxpayer must make a deposit equal to GST liabilities. The deposit must correspond to the registration period in which the taxpayer is registered. This registration is active for three months.
Individuals not in the U.S. who are liable to pay tax
Taxable persons living outside India are classified as non-residents. In addition, tax payers must offer products or services to Indian residents. Casual taxable persons must register as casual taxable persons by making a deposit equal to their GST responsibilities. Generally, those responsibilities will correspond to their active registration periods. Registration is valid for three months.
Here are the different types of GST Registration processes.
- Nonresident online service providers must register for GST
- United Nations Body/Embassy/Other Notified Person
- An entrepreneur who develops special economic zones
- Unit of a Special Economic Zone (SEZ)
- Registration of GST Deductor of TDS
- Institutions of the government
- Collector of the GST (Sales Tax)
- Online businesses.