GST Registration

GST is one indirect tax for the whole nation, which will make India one unified common market. GST is a single tax on the supply of goods and services.

GST is a destination based tax which is levied only on value addition at each stage because credits of input taxes paid at procurement of inputs will be available.

The final consumer will bear only the GST charged by the last dealer in the supply chain, with set-off benefits at all the previous stages.

Documents required for GST Registration

  1. PAN card and Identity Proof of the Individual such as Aadhar Card
  2. Passport Size Photo
  3. Details of goods or services for which GST registration is required
  4. Copy of electricity bill/landline bill, water bill
  5. Rent agreement (for rented premises)
  6. NOC (No Objection Certificate) of owner

Advantages of Goods & Services Tax

GST improves ease of starting a business anywhere in India.

Integrate multiple indirect taxes suchas Excise, Vat, Sales Tax into one Tax.

Provides Exemption limit, above specified limit GST number is mandatory.

GST helps in ease of doing business in any part of India.

Reduces Tax burden on Consumers and final user of any product or services.

Combine taxes on goods and taxes on services under slabs, hence allowing all input of GST paid on purchases or services which was not possible earlier.

Goods & Services has led to increase trust of Foreign Investors in India as most of the developed countries follows respective GST laws .

Increase FDI in India by Foreign Companies & MNC

Important points to be noted before GST Registration

GST Return Filing is mandatory irrespective of turnover once GST Registration is granted.

Even NIL turnover has to file GST Return on the basis of selected frequency.

Taxpayer should ensure Aadhar number is linked to taxpayer mobile number.

Taxpayer should have valid email id, since all communications are received on email.

All notices, letters, acknowledgement, intimations and challan are received electronically.

Taxpayer should regularly check email for communication received from GST Department.

A latest passport size photo shall be uploaded by Taxpayer with GST Department.

Address proof shall be in the name of owner, if rented, a notarized rental agreement shall be required, or in case if premises is rent free, a notarized consent letter shall be required.