Document required for GST filing.
GST DOCUMENTS FOR REGISTRATION…
* GST Registration Documents
* PAN of applicant
* Aadhar Card
* Address Proof of business
* Proof of business or registration
* Identity and Address Proof of Directors with photographs
* Bank Account Statement or cancelled Cheque
* Authority Letter
* Digital Signature (not required in proprietorship firm)
GST Registration is applicable on all goods and services except Petroleum products as of now. Goods & Service Tax (GST) is a consolidated tax, which essentially means that State and Central Indirect taxes have been merged. Entire country now operates under a uniform tax system. It now replaces service tax, excise, VAT, entertainment tax, luxury tax, octroi, CST etc.
GST Registration Process in India is completely online. It requires no manual intervention or no physical paper submissions. A very simple procedure has been prescribed for GST Registration.
Hence, it would be compulsory to get GST registered only for traders, manufacturers, businesses, individuals, professionals etc, whose turnover (sales) exceed INR 10 Lakh. If your sales are less than INR 10 Lakh, you may also voluntarily opt for GST Registration in case you wish to avail the benefits of Input Tax Credit. Further, all persons who make interstate purchase or sales of services or goods have to apply for GST registration. Above limits do not apply to them.
Aadhaar Card is mandatory to get GST registration:
A new system for new GST registration has been introduced and activated from 21st August, 2020 where the Aadhaar card is now mandatory for GST registration. That means, the applicant who are seeking for GST registration now will be given an option to select if he wishes to authenticate Aadhaar or wishes to opt for physical verification. If the applicant opts for Aadhaar authentication for his GST registration then the applicant will get his / her GST registration in just three days.
Need and Advantages of GST Registration ..
The GST Registration will confer the following advantages to a taxpayer:
The Taxpayer will be legally recognized as a supplier of goods or services.
He would be legally authorized to collect tax from his customers and pass on the credit of the taxes paid on the goods or services supplied to the purchasers/ recipients.
He can claim input tax credit of taxes paid on his purchases / procurements and can utilize the same for payment of taxes due on supply of goods or services.
Seamless flow of Input tax credit from suppliers to recipients at the national level .
Benefits…
Persons who wish to register voluntarily have many advantages. They can avail input tax credit. They can make interstate transactions without any restrictions. They may register on e-commerce websites and grow business. In all, they will have a competitive advantage over other un-registered businesses.
GSTIN….
A GSTIN (GST Identification Number) is a unique PAN-based GST Registration Number issued by the GST authorities on successful registration in India. It is used to log in to GST portal and needed to claim input credits.