Understanding The Documents Required For GST Registration

 

A comprehensive indirect tax imposed on the production, distribution, and use of products and services in India is known as the products and Services Tax (GST). Businesses must register with the GST system in order to comply with GST requirements. Businesses with a turnover above a specific threshold are required to register for GST, which provides a number of advantages including seamless input tax credits, input tax credits, and a more straightforward tax structure. If you want to apply for GST Registration Online, contact Eazy Startups, India.

 

 Let’s dive into the discussion:-

 

·         PAN Card of the Business or Applicant

·         Proof of Business Registration or Incorporation Certificate

·         Identity and Address Proof of Promoters/Partners

·         Photograph of Promoters/Partners

·         Verification of Business Address

·         Bank Account Proof

·         Certificate of Digital Signature (DSC)

·         Authorization Letter/Board Resolution

 

PAN Card of the Business or Applicant:

 

One of the most important documents for GST registration is the Permanent Account Number (PAN). The PAN of the business is necessary for companies, partnerships, LLPs, and other entities, whereas the PAN of the proprietorship is required for individual owners. The PAN acts as a special identification number and is required to connect the company with its tax responsibilities.

 

Proof of Business Registration or Incorporation Certificate:

 

This document certifies the legal recognition of the corporate entity. The particular documentation depend on the sort of business:

 

·         Proprietorship: No specific registration certificate is needed.

·         Partnership Firm: Partnership deed.

·         Limited Liability Partnership (LLP): Incorporation certificate and LLP agreement.

·         Companies: Incorporation certificate issued by the Ministry of Corporate Affairs (MCA).

 

Identity and Address Proof of Promoters/Partners:

 

For each promoter, partner, or director involved in the business, identity proof and address proof must be submitted. Accepted identity proofs include:

 

·         Aadhaar card

·         Passport

·         Voter ID

·         Driving license

 

Address proof can be any document that confirms the residential address, such as utility bills, bank statements, or a passport.

 

Photograph of Promoters/Partners:

 

To register for GST, each promoter, partner, or director must have a passport-sized photo. This photo must be current and adhere to the guidelines provided in the registration form.

 

 Verification of Business Address:

 

The principal place of business, or the main location where your business is located, must be verified. Accepted files consist of:

 

·         Property tax receipt

·         Electricity bill

·         Rent agreement (if the property is rented)

·         Lease agreement (if applicable)

 

Consent letter or NOC from the owner along with the electricity bill or property tax receipt of the premises (if you are operating from a shared or third-party location).

 

Bank Account Proof:

A copy of a canceled check, a bank statement, or the first page of a passbook with the account number, account holder's name, MICR, and IFSC code should be included as verification of the bank account. This record aids in confirming that the company has a valid bank account in its name.

 

Certificate of Digital Signature (DSC):

A Digital Signature Certificate (DSC) is needed for firms and Limited Liability Partnerships (LLPs) in order to register for GST. A digital signature certificate (DSC) is a secure digital key that is issued by certifying authority to confirm and authenticate the identity of the certificate holder.

 

Authorization Letter/Board Resolution:

 

If a company gives someone permission to sign the GST application on its behalf, it needs to present a board resolution or an authorization letter. For businesses and limited liability partnerships (LLPs) where a specific person has been assigned to manage the GST compliance process, this document is usually necessary.

 

Conclusion

 

It is vital to comprehend the necessary paperwork for GST registration in order to ensure a seamless process. If you want to apply for GST Registration Online, contact Eazy Startups, India.