In the GST Regime, businesses whose turnover exceeds Rs.40 lakhs (Rs10 lakhs for northeast and hill states) are required to register as a normal taxable person. If such turnover crosses then taxpayer compulsory requires to take registration under Goods and Services Tax I.e. Called mandatory registration.
In another situation even if turnover does not cross the limit but the taxpayer wants to register under GST called voluntary registration.
Who Should Register for GST?
Following are the person compulsory requires to be registered under GST.
- Turnover as per above Rs.40 Lakh crosses.
- The person who is registered under the previous tax regime either VAT or Service Tax.
- Person supply goods or services in interstate.
Documents Required for GST Registration
- PAN of applicant
- Aadhaar card
- Incorporation certificate of company
- Identity proof of director or promoter
- Address proof of director or promoter
- Address of principal place of business
- Bank statement or cancelled cheque
- Letter of authority or board resolution
Process of GST Registration
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.
- Complete or fill a simple form on GST portal I.e. gst.gov.in
- Verification of documents.
- Submit an application to GST authority.
- Once form submitted ARN generated and allotted.
- Once GST authority verify all the details and it seems it is fine then allot GST number to the applicant.