What is GST Registration?
The Goods and Service Tax is the biggest indirect tax reform which blends in all the other taxes into one single tax structure. Under GST Regime, the goods and services are now taxed under a single law being Goods and Service Tax Laws. The taxes are levied at a single rate. The collection is then bifurcated between both Central and State Government in name of CGST and SGST or IGST.
Benefits of GST Registration in India
- Input tax credit and lower cost
- Simplified and permanent registration
- Legally recognized as Supplier
- Easy compliance requirements
Documents Required for GST Registration Online
- Digital Signature :DSC of Partners or Directors, in case of LLP and Company only
- Photograph : Copy of passport size photograph of the Proprietor/ Partners /Directors
- Entity’s PAN Card :A copy of PAN Card of business entity
- PAN & Aadhar Card :A copy of Aadhar Card of Proprietor/ Partners/ Directors
- Business Address Proof :Latest Electricity bill/ Any Tax paid bill/ Municipal Khata Copy
- Rent Agreement :If place is rented, rent agreement is mandatory, else consent letter is sufficient
- Bank details :Latest Bank Statement/ Copy of cancelled cheque/ copy of first page of passbook
- Certificate of Registration :Entity should provide registration certificate with MoA- AoA / LLP Agreement or Partnership Deed as applicable