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Documents Required for GST Registration

Checklist of Documents Required for GST Registration

After the implementation of GST in 2017, the Indian economy witnessed significant changes. GST, or Goods and Service Tax, was the most extensive taxation system to be introduced in the country to date. History reveals that you cannot introduce reforms overnight. It takes time for the people and the government to adjust to the new changes. The change that GST brought falls under this criteria. The main aim of implementing GST was to boost the country’s economy and stop all the unwanted expenses brought by other indirect taxes. There are a lot of doubts surrounding Documents Required for GST Registration like rates applicable, filing monthly returns, compliance, etc. we have answers for all your doubts. But before moving on, let’s have a general idea about GST.

What is GST?

GST or Goods and Service Tax is an indirect tax paid by Indian citizens for all the goods and services they avail. The tax thus collected is utilised for various welfare activities of the country. GST implementation was mainly for the welfare of the people. GST’s entry neutralised all other indirect taxes like Entry Tax, Entertainment Tax, Service Tax, Excise Duty, and VAT. All business personnel must register under GST and follow its rules and regulations. However, there are a few exceptions when it comes to GST registrations. Not all business people need to undergo GST registration.

GST registration is mandatory for persons with more than 20 lakhs annual turnover; the slab further reduces to 10 lakhs for people of North East and certain other hill stations. GST registration is also applicable for persons dealing with inter-state supply of goods and services or for those who already have service tax, VAT or central excise registration.

Documents needed for GST registration

Before registering for GST, every person or organisation must produce the following documents before the department.

PAN Card

The applicant must submit the PAN number of the business for GST registration.

Identity proof and Address proof

The applicant must also provide his identity and address proof before the organisation; the identity proof can be documents like Aadhar Card, Voter ID, Passport or driving license. You can submit any of these documents or your ration card for address proof.

Business registration proof

Valid proof of business needs to be submitted to acquire GST registration. For LLP, partnership or trust, GST registration is mandatory.

Address proof of business

You need to have the address proof of the business you are starting for GST registration. The documents may differ depending on the building you have used for your business. If the building is of your own, a Property Tax receipt, copy of the electricity bill or municipal Khata copy will do. You can submit a valid copy of the rental agreement in case of a rented building. If the applicant is an SEZ developer, he can submit certificates authorised by the government of India. For all other cases, you can provide a document from the building owner in your favour.

Bank Account Proof

You need to have a valid bank account before starting a business and submit the scanned copy of the bank statement’s first page or any other relevant page as bank proof. Also needed to produce the scanned copy of a cancelled cheque with either the business owner’s name or the organisation. You should also provide your bank account number, IFSC Code, MICR and branch details at the time of submission.

Digital signature

All GST registration forms should have the applicant’s digital signature and a class 2 digital signature. So the applicant needs to procure a valid DSC number before registration.

If you are still doubtful about the GST registration and different aspects of GST, it is better to join a GST certification course and enlighten yourself. Finprov learning provides an online GST certification course that gives you in-depth knowledge of Goods and Service Tax. Finprov is the number one choice of accounts professionals when it comes to different accounting certification courses. If you want to enquire more about the GST certification course or any other accounting certification course, you can visit the official website of Finprov Learning.