GST Registartion
GST registration is the process through which businesses and entities obtain a unique GST Identification Number (GSTIN) under the Goods and Services Tax (GST) regime in India. This registration is mandatory for businesses whose turnover exceeds a certain threshold, or those who engage in inter-state supply of goods and services. Here’s a basic overview of the process and requirements for GST registration:
Eligibility for GST Registration
- Businesses with annual turnover exceeding ₹40 lakhs (₹20 lakhs for special category states like North Eastern states, Jammu & Kashmir, Himachal Pradesh, and Uttarakhand).
- Inter-state supply of goods or services.
- E-commerce operators.
- Casual taxable persons and non-resident taxable persons
- PAN Card of your business or entity.
- Aadhaar Card of the proprietor or authorized signatory
- Proof of Business Address: Electricity bill, rent/lease agreement, or property tax receipt.
- Bank Account Proof: Scanned copy of a canceled cheque or bank statement.
- Business Registration Proof: For example, Partnership Deed or Certificate of Incorporation.
- Photographs: Passport-sized of the proprietor or authorized signatory.