GST Registration
GST registration allows a taxpayer to formally register under the Goods and Services Tax system. After successful registration, a unique identification number called the Goods and Services Tax Identification Number (GSTIN) is issued. This number is required for all GST-related activities, including filing returns and claiming input tax credits.
GST Registration Limit in Case of Goods:
GST registration is mandatory for anyone engaged exclusively in the supply of goods if their annual aggregate turnover exceeds Rs. 40 lakh. Earlier, the threshold limit for goods suppliers was Rs. 20 lakh. This limit was increased to Rs. 40 lakh through Notification No. 10/2019-Central Tax, dated 07 March 2019.
What is GST Registration on Limit for Services?
In India, the turnover threshold for GST registration for service providers is Rs. 20 lakh. This limit has remained unchanged since the introduction of GST. Service providers are required to complete GST registration and file GST returns if the total value of services they provide in a financial year exceeds Rs. 20 lakh. For states classified under special categories, the GST registration threshold is set at Rs. 10 lakh.
How is aggregate turnover determined for the GST threshold?
It is now clear that a person’s eligibility for GST exemption is primarily based on their total annual turnover. The term “aggregate turnover” is defined under Section 2(6) of the CGST Act.
In simple words, you can define turnover as inclusive of:
Taxable supplies
Exempt supplies
Non-GST supplies
Interstate supplies
Zero-rated supplies (such as exports)
Goods sent for job work
The turnover excludes:
- Goods or services received on which tax payable under reverse charge mechanism
- GST paid
- Goods received for job work
Required Documents For GST Registration for Individuals:
- Self-attested PAN of Individual
- Self-attested Aadhaar of Individual
- Trade Name and Product & Service Description
- Rental / Lease Agreement (if office is rented)
- Electricity bill of Office premises
- Passport Size Photograph
- NOC from landlord
- Promoter details Mail id & Mobile number
- Bank Statement / Cancel Cheque
- Property tax papers (if owned) with Electricity Bill
Note:
In case of Rented Premises:
Electricity Bill of the Office Premises, Rental Agreement
In case of Own Premises:
Property Tax receipt, NOC from the owner to be given by Owner to Company
Required Documents For GST Registration for Company:
- Self-attested PAN of all Directors
- Self-attested Aadhaar of all Directors
- Board Resolution from Authorized Signatory
- Rental / Lease Agreement
- Electricity bill of Office premises
- Passport Size Photograph of all Directors
- NOC if own premises
- Property tax receipt
- Mail id & Mobile number of all Directors
- Bank Statement of Company Bank Account
- MOA/AOA/COI
- DIN of all Directors
- DSC (For company)
- Certificate of Incorporation (Company)
- Certificate of commencement of business(company)
Note:
In case of Rented Premises:
Electricity Bill of the Office Premises, Rental Agreement
In case of Own Premises:
Property Tax receipt, NOC from the owner to be given by Owner to Company
Required Documents For GST Registration for LLPs/Partnership:
- Self-attested PAN of all Directors
- Self-attested Aadhaar of all Directors
- Board Resolution from Authorized Signatory
- Partnership Deed
- Rental or Lease Agreement
- Electricity bill of Office premises
- Passport-size photograph of all partners
- NOC if premises are owned
- All partners’ email addresses and phone numbers
- Bank Statement of Organization
- Partnership Registration Certificate issued by the State Government if registered
- DSC of the Authorized Signatory
